Solution to note ban woes still out of reach: n chandrababu naidu

Naidu said that demonetization still remains a sensitive and complicated problem. Andhra Pradesh Chief Minister N Chandrababu Naidu on Tuesday said demonetization was not what they wished

for, adding he was still breaking his head as a solution to the ongoing (currency) crisis remained elusive. "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," Chandrababu said addressing a workshop of Telugu Desam MPs, MLCs, MLAs and other leaders here

today. "It still remains a sensitive and complicated problem," Chandrababu -- who heads the 13-member central committee to look into demonetization issues -- observed. It was

Chandrababu who had been a strong proponent of ban on high denomination currency notes of Rs 500 and Rs 1000. In fact, he had written a letter to Prime Minister Narendra Modi on October 12

reiterating his demand. On November 9, hours after the Prime Minister came out with the demonetization announcement, the Telugu Desam Party started claiming credit saying it was a

"victory for Chandrababu" over his fight on corruption. "This is a moral victory for the TDP," it said on posts on Facebook and Twitter. Prime Minister Modi may have

taken the decision now but Chandrababu had these thoughts even when he was in the opposition (2004-14). He had been fighting for scrapping of Rs 500 and Rs 1000 notes since then," the

TDP pointed in a Facebook post. The party media cell dug out newspaper clippings dated back to June 2013 when Chandrababu raised the demand for the first time. But as people started facing

trouble in exchanging the scrapped notes as well as in withdrawing cash from their savings accounts, Chandrababu seemed to change his tone and started making critical remarks about the

Centre s move, particularly the introduction of Rs 2000 notes. "I am spending two hours daily to ease the problems caused by demonetization. I am breaking my head daily but we are

unable to find a solution to this problem," the Chief Minister said today. "We could resolve the 'August crisis' (an internal party coup dating back to 1984) in 30 days

but this (demonetization) still persists," he pointed out. He said banks were "not prepared" for a transition to digital economy. "They are unable to even register

banking correspondents," he added. Unless there were remedial measures, people's woes would continue in the long-term, Chandrababu warned.