Currency Crisis Set to End

Hyderabad: Union Labour Minister Bandaru Dattatraya today admitted that problems have arisen due to scrapping of high value notes by the Centre.

Talking to mediapersons here today, Dattatraya said the Centre aims to tackle with iron hand the hoarders of black money and those evading taxes. Dattatraya, while saying that the demonetization was resulting in problems to common people and small traders across the country, stated that it will have long-term positive results. The Union Minister alleged that some inimical political parties were making deliberate comments on the demonetization for maligning the image of the Centre in this regard. He also condemned the comments of some political parties that Prime Minister Narendra Modi leaked the information in advance to some party leaders business empires. a�?There was no such thing and the Modi government took a historic decision by scrapping the high value notes to put a tab on black money and tax evaders.

Denying that there is any public outrage and protest by the people against the Central government, he said if that is the case, the ministers cannot make a free movement. It is a good development that Telangana Chief Minister K Chandrasekhar Rao called on Prime Minister Narendra Modi and discussed about the issue. He suggested that the chief ministers of other States to give suggestions to Narendra Modi on demonetization and its implications.

He said he would meet the Prime Minister on MondayA�and bring to his notice the problems of the labourers to find a solution. He appealed to the people not to get panicked as the Centre has taken all measures to distribute adequate number of new Rs 500 notes as well as Rs 100, Rs 50 and Rs 20 notes on ATMs. Though the problem persisted at some ATMs, the Centre was rectifying the snags, he added.


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