Chief Minister K. Chandrasekhar Rao backed demonetisation and Prime Minister Narendra Modi in the assembly on Friday, saying the “abnormal decision” was taken in the interest of the country and would work wonders in the coming days.
Lauding PM, KCR said demonetisation was a part of the “scheme of things” planned by Modi to rinse out the system and build a “corruption-free nation.
The PM had said that there would be issues and required 50 days to resolve all he said, during a debate on demonetization. “Every-one should wait till the deadline ends and support Mr Modi in his efforts to curb black money, fake currency and terrorism,” added KCR.
The CM intervened on several occasions whenever Opposition parties criticized the government and PM Modi. He also warned them against making sweeping remarks against demonetisation as it did not come under the state’s purview.
While keeping his point of view, KCR said the influence of demonetisation on the state’s revenues was not as bad as projected. The state had the benefit of having a noteworthy urban population, especially 7 lakh IT employees, who do digital transactions.
The government would boost cashless transactions he said and urged PM Modi not to stop with demonetisation but go for a complete cleaning of all fields including political corruption.
“We got only ₹19,000 crore in new currency and we have no option but to go for cashless transactions. We will take up a mass awareness programme after December 30 to enlighten people on the need for cashless transactions,” added Rao.
