Telangana assembly to debate monetization

The Telangana assembly will debate demonetization on Friday, the first day of the winter session of the legislature.

This was decided at the Business Advisory Committee (BAC) meeting chaired by Speaker Madhusudhana Chary.

The ruling Telangana Rashtra Samithi (TRS) agreed for a full-fledged debate on the issue with its ally the Majlis-e-Ittehadul Muslimeen and the main opposition Congress insisting on a discussion.

The two parties said that since the scrapping of high value currency notes had caused severe inconvenience to people, the issue should be included in the agenda.

Bharatiya Janata Party (BJP) leader G. Kishan Reddy opposed the demand, saying the issue of demonetization was under the purview of the Centre.

Chief Minister K. Chandrasekhar Rao wondered if the debate in assembly was necessary when the issue was not debated in Parliament. With both MIM and Congress pressing for a debate, the Chief Minister relented.

Rao has supported the Centre over demonetization while seeking steps to ease the people's hardships and compensation to the state for loss of revenue.

--IANS

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