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Hyderabad, Nov 7: Demonetisation was a colossal failure which crippled the growing Indian economy, Telangana Rashtra Samithi (TRS) working president K.T. Rama Rao said on Monday.
“What a colossal failure this Demonetisation was & let’s not forget how it crippled the growing Indian economy,” tweeted the TRS leader.
KTR, as Rama Rao is popularly known, alleged that this “half-baked” idea led to eight consecutive quarters of slowdown, subsequently landing in lockdown in 2020 serving a body blow to the vibrant economy.
KTR, who is also state minister for industries and information technology, was reacting to a tweet by a TRS member P. Vishnuwardhan Reddy.
Reddy posted a media report abou the Reserve Bank of India (RBI) data which reveals that six years after demonetisation, the cash with public increased by 72 per cent from Rs 17.97 lakh crore to Rs 30.88 lakh crore.
“Somebody said give me 50 days, burn me alive if I am wrong,” wrote Reddy, who also posted a newspaper clipping about Prime Minister Narendra Modi’s statement days after announcing demonetisation.
Hyderabad, Feb 10 (Maxim News): Telangana State BJP President and MP, Bandi Sanjay said that they will demolish the domes of the new secretariat building if the party comes to power.
Hyderabad, Feb 10 (Maxim News): The police stopped the ambulance saying that Chief Minister K. Chandrasekhar Rao’s convoy was coming. This has led to criticism that protocol is more important to the police than people’s lives.
Hyderabad, Feb 10 (Maxim News): As many as 93 students including 27 girls of Telangana Minorities Residential Junior Colleges have cracked the Paper-I (BE/B.Tech) of the Joint Entrance Examination (JEE) Main – 2023 first session and qualified for the JEE Advanced. The results were announced recently by National Testing Agency.
Khammam/Hyderabad, Feb 10 (Maxim News): Telangana Pradesh Congress Committee (TPCC) President and MP, Revanth Reddy alleged that Chief Minister K.Chandrasekhar Rao is looting thousands of crores of rupees in the name of construction of power projects in Telangana state. He demanded a detailed inquiry into the construction of power projects and the purchase of electricity.
Lucknow/Hyderabad, Feb 10 (Maxim News): The Additional District Judge-I (ADJ-I) Praful Kamal has allowed Hindu litigants to appeal in a lower court for a survey of the Teele Wali masjid in Lucknow.
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