Chandrababu Naidu, Modi's first ally on demonetisation, says it has been of no good use to the people

The Andhra Pradesh CM was one of the few leaders to vociferously support the decision to scrap Rs 500 and Rs 1000 notes.

Chandrababu Naidu, Modi

Prime Minister Narendra Modi's biggest ally on demonetisation is now making noises against it.

Telugu Desam chief and Andhra Pradesh Chief Minister Chandrababu Naidu, who currently leads the committee to assess demonetisation, said the November 8 move by the Prime Minister has failed in resolving any problem of the common man.

He said it was not implemented as per “our wish” and that a “lot of problems” still remain without a solution in sight.


Naidu warned that unless quick remedial solutions are not thought up, long-term damage will be visited upon the poor and the downtrodden in the country.

Speaking at a party workshop of MPs and MLAs, Naidu said  though demonetisation wasn't his or his party's wish, it happened. Despite the 40 days since the scheme was put into motion, there are very many problems for the people with no single solution in sight, he said.

He claimed to be spending 2 hours a day to ease problems caused by demonetisation in Andhra Pradesh. “It still remains a sensitive and complicated problem,” Naidu said. He said banks were “not prepared” for such a transition to the digital economy. “They are unable to even register banking correspondents,” he said.

Naidu had been a strong supporter of banning Rs 500 and Rs 1,000 notes. He had written Modi on October 12 reiterating his demand, reports said. On November 9, a day after the demonetisation announcement, the TDP had even claimed credit saying it was a “victory for Chandrababu” over his fight on corruption.

“This is a moral victory for the TDP,” the party had said in elaborate posts on Facebook. "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 1,000 notes since then,” the TDP had said on Facebook.