Demonetization was not our wish- Chandrababu Naidu

December 20, 2016

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After Prime Minister Narendra Modi announced the demonetization on November 8th, Andhra Pradesh Chief Minister Chandrababu Naidu was the first one to take the credit of it. In fact, even before the official announcement, Naidu said that calling off high denomination notes is the only option to curb the black money.

After the official announcement, Naidu appreciated Modi and also suggested the new Rs. 2000 notes, should also be called off. But after 40 days of demonetization announcement, Naidu now says that he never supported demonetization.

Addressing a workshop of Telugu Desam MPs, MLCs, MLAs and other leaders, Naidu said, “Demonetization was not our wish but it happened. More than 40 days after demonetization, there are still a lot of problems, but yet there appears to be no solution.”

After demonetization, public in several parts of the country is facing huge struggles, for exchanging the old notes and also to withdraw the cash from the ATMs. This led to severe negativity towards Modi in the country. 

Anticipating that the same mood of the public would even give negative results to Naidu, the intelligent AP CM is now trying to back step from appreciating the demonetization decision and dancing to the tune of the public, the analysts opine.

If at all the demonetization results turn positive in the future, it should be seen, how Naidu tries to divert from what he said now.

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