At last, opposition leader in AP Assembly and YSRCP chief YS Jagan Mohan Reddy responded on the Centre’s demonetisation drive in the country to clear black money. Stating that the decision was very good, Jagan mentioned that the Centre has completely failed in implementing the demonetisation plan as it was prepared which eventually lead to chaos in urban and rural areas alike. Without giving proper awareness to the rural people, it is unfair to held back the Rs 500 and Rs 1,000 currency notes, Jagan pointed out.
He also demanded the Centre to postpone the decision so that the common man get used to deal with the consequences.
Questioning the Centre’s precautionary measures, Jagan said there were only 0.6 percent of Rs 10,000 notes in the country when they were banned in 1978, but now Rs 500 and Rs 1,000 notes are taking a lion’s share of 86 percent in the whole Indian currency.
Chandrababu Naidu, who hailed the drive initially, has now lost his patience and making remarks on the Centre, Jagan criticised. Jagan mocked Naidu for claiming that the latter stopped Hudhud cyclone within eight days. When asked by the reporters as to why Jagan was responding on currency ban after 14 days, Jagan replied saying that it is incorrect to make remarks without assessing the consequences of the drive and without getting public opinion.