Vadde calls Modi Modern Day Tughlaq

​Vijayawada: Former minister Vadde Sobhanadreeswara Rao on Thursday blamed Prime Minister Narendra Modi for deaths in queues at banks and in the wake of demonetisation.

He also came down heavily on Chief Minister N Chandrababu Naidu and the PM for failing to announce exgratia to the 80 persons, who collapsed at ATMs and banks.

“Naidu wanted to gain entire credit of demonetisation as he wrote to the Centre seeking ban of Rs 500 and Rs 1,000 denomination currency notes on October 12,” he charged.

Terming Modi a ‘modern’ Tughlaq, Vadde remarked that the Prime Minister lacked any concrete plan before imposing ban on big currency notes.

“Modi should have looked at the repercussions before taking such a crucial decision,” he opined. He alleged that Modi was favouring some select industrialists, whose loan arrears mounted to Rs 28 lakh crore.

The former minister said that common people, farmers, pensioners and the poor were the worst affected by demonetisation. Exposing Modi’s ‘inept handling’ of demonetisation, Vadde said that if he had a vision, he would have thought of the period that was needed to pump in new currency.

“It was impossible to set the things on track even after five months, leave alone 50 days,” he said and poohpoohed Modi for making tall claims on bringing back Rs 30 lakh crore black money stashed in foreign banks.

Attacking Chief Minister Chandrababu Naidu for his ‘immaturity’, the former Minister questioned as how Naidu could spend a fortune on Metro Rail, when an authority on the same ruled out its possibility till 2040. “Naidu had no vision to tackle the growing burden of loans.

By next fiscal, the debt would rise by Rs 7,000 crore,” he said. He found fault with the CM for handing over Rs 200 crore worth land at Canal Guest House here on lease to MP Gokaraju Gangaraju.

As the MP failed to build a multiplex to promote tourism in the land, Vadde wondered, why the government was deliberately delaying in taking back the land from the MP.