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In the wake of the Reserve Bank of India’s report on demonetisation, Chandrababu Naidu said the Centre was unable to “properly manage demonetisation.”
“What have we achieved from demonetisation? We are seeing the condition of banks today. Big notes should be abolished. What is the need for having Rs 2,000 note? The Modi-government could not properly manage demonetisation,” he said, adding that he doesn’t have any problem if digital currency comes fully into existence, “but there needs to be proper balancing between digital and physical currency,” he added.
Chandrababu Naidu also said cash shortage was still prevalent in many parts of the country, adding that the recent growth in India’s Gross Domestic Product (GDP) was a result of the “basic strength” of people, and “not due to NDA’s achievements.”
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With regards to schemes and measures implemented during his tenure as Chief Minister, Naidu said that efforts were channelised towards increasing the earthen water table.
“Our efforts are turning fruitful. This year, almost 2,000 TMC of Godavari water flew into the sea. Projects on Krishna river – Srirsailam and Nagarjuna Sagar – are fully filled up. 12 projects are ready for inauguration in September. We will inaugurate three projects in October and one in November, Naidu said, adding, “As of now, we have spent Rs 58,024 crore for irrigation projects, mostly in Rayalaseema and North Coastal regions.”