After initial support, Chandrababu Naidu now slams Centre over notes ban
In a party function of Telugu Desam Party in Vijayawada, Naidu said, "Demonetisation was not our wish but it happened. Now even after 40 days of announcement and despite our best efforts, there are still a lot of problems and there appears to be no solution yet."
He said every day he spends about two hours trying to find a solution to the crisis but is unable to gain success.
Naidu had earlier supported the demonetisation move and had tweeted then that the notes ban was a moral victory for the TDP.
Earlier in the day, Congress Vice President Rahul Gandhi attacked Narendra Modi and said the Reserve Bank of India is changing its rules like the Prime Minister changes his clothes.
"RBI is changing rules like the PM changes his clothes," he tweeted.
The Reserve Bank of India (RBI) on Monday has imposed new conditions on deposit of old notes exceeding Rs 5,000 in a bank account till December 30.
Defunct notes over Rs 5,000 can now be deposited only once per account till Dec 30 after showing reasons for not doing so earlier, according to the RBI circular.
The RBI in its circular dated Dec 19 said that following review of certain provisions dealing with credit of the value of Specified Bank Notes (SBNs) into bank accounts, it has been decided to place certain restrictions on deposits of SBNs into bank accounts while encouraging the deposits of the same under the Taxation and Investment Regime for the Pradhan Mantri Garib Kalyan Yojana, 2016.
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