Hyderabad: Telangana Pradesh Congress Committee (TPCC) Treasurer Gudur Narayana Reddy has alleged that caretaker Chief Minister K. Chandrashekhar Rao has derailed the State’s economy by supporting the demonetisation move of BJP Government at the Centre two years ago.
Narayana Reddy, in a statement on Friday, slammed KCR for supporting the demonetisation decision only to please Prime Minister Narender Modi without even trying to understand its implications on the economy and common people. “Telangana had a revenue surplus of over Rs. 7,500 crore at the time of its formation in June 2014. But today, Telangana is in huge debts of over Rs. 2.50 lakh crore. Besides the wrong economic policies of TRS Government, the demonetisation move had a great impact on Telangana’s economy,” he said.
The Congress leader said that almost all sections of the society including farmers, small traders, daily wage earners and salaried people were yet to recover from the shock of demonetisation. He alleged that in the name of weeding out black money from the economy, BJP and TRS Government have ruined the entire economy.
The Congress leader said that the people of Telangana would punish KCR and TRS in next elections for their support to Modi’s demonetisation move which was later proved as be an ‘organised loot’.(NSS)