Source: News Bharati English27 Dec 2016 16:43:18

New Delhi, Dec 27: Severe criticism against the Prime Minister Narendra Modi by opponents of #demonetisation notwithstanding, Andhra Pradesh Chief Minister N Chandra Babu Naidu has said that problems caused by the scrapping of the high denomination currency notes are ‘eased out’ and the decision would finally benefit the nation.

It may be recalled that Naidu had earlier voiced his concern over the public inconveniences caused by demonetization as the decision was not as per ‘our wish’ and that he had to ‘break his head’ for finding solutions.  

Naidu also heads the 13-member panel appointed by the Modi government to look into the issues related to ‘note-ban’ decision. He also tried to remove fears over cyber security saying that the country is ‘very strong’ in respect of the information technology and security matters related to it.

“Nowadays, it is easing out. More and more cash is coming; Rs 500 currency note is in circulation. Naturally, it will ease out. The problems are there temporarily. Ultimately, it (demonetisation) is going to benefit the nation," he told reporters here.

To a question whether the inconvenience caused by note ban will end by December 30, Naidu said one has to consider “plus or minuses” and that the sacrifices are being made for long-term gains.

“It is going to provide future for people. Sometimes for long-term gains, you have to sacrifice something; that is what is happening today. Yesterday, the situation was different, today it is different, tomorrow it is going to be much more different,” he said.

On apprehensions about cyber security as the Centre pitches for turning the country into a less-cash economy, stressing more on digital transactions, Naidu said “all over the world” countries are following a digital economy.

“We are very strong in cyber security and also in information technology. Our people are heading Google, Microsoft. That is the calibre India has,” he said.

The 13-member committee is expected to meet on December 28 again.

Speaking at a party workshop in Andhra Pradesh's Vijayawada on December 20, Naidu, who had initially supported demonetisation, said the November 8 move was not as per “our wish” and that a ‘lot of problems’ still remain without any solution in sight.

“I am breaking my head daily but we are unable to find a solution to this problem,” he had said. A day later, Naidu had said his comments were “distorted” but acknowledged that currency problems continued.