 "Telangana CM to submit a blueprint on corrective steps to Modi")
Telangana chief minister K Chandrasekhara Rao took certain unintended consequences of demonitisation to the notice of Prime Minister Narendra Modi in a conversation over the phone on Thursday.
Responding to his feed back, Prime Minister Modi advised Rao to come to Delhi for a meeting to have a detailed discussion on the issues raised by him, the chief minister's office stated. Rao is likely to meet the Prime Minister on Saturday.
The Prime Minister has also asked chief minister Rao to prepare a blueprint on steps to be taken to mitigate the difficulties of the people post demonitisation, it said.
Earlier in the day, the chief minister reviewed the impact of demonitisation on the state's revenues with the senior officials.
"The chief minister felt that if demonitisation of currency notes of Rs 500 and Rs 1000 denomination is going to help clean up the country's economy it should be welcomed. However, any decision taken by the Center to curb and prevent black money should not cause misery and suffering to the lakhs of small traders, and those in the onorganised sectors, as well as the common man," chief minister's office said.
While explaining the need to put in place certain safeguards to protect the interests of these sections of the society, Rao opined that all those having Rs 2.5 lakh cash should not be treated as black money. Instead it should be referred to as unaccounted for money so that they are given one more chance to disclose their income.
Among other things, the chief minister was also expected to request the Prime Minister to defer payment from states on loans taken by them as the state's revenues were getting impacted by the demonitisation move.