Today in New Delhi, India
Nov 16, 2018-Friday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

‘Petrol to be Rs 100 a litre’: Chandrababu Naidu’s dig at centre

“They are going to hit a century. And, the rupee will also touch the century mark. You can then buy petrol paying a dollar,” news agency Press Trust of India said, quoting N Chandrababu Naidu.

india Updated: Sep 04, 2018 11:08 IST
N Chandrababu Naidu,Chandrababu Naidu,petrol price
N Chandrababu Naidu on Monday launched a sharp attack on the BJP-led national coalition over the weakening of the rupee against the dollar and the increase in fuel prices.(HT File PHOTO)

N Chandrababu Naidu, the chief of the Telugu Desam Party that was part of the ruling NDA till recently, on Monday launched a sharp attack on the BJP-led national coalition over the weakening of the rupee against the dollar and the increase in fuel prices.

“Where are we heading to,” the Andhra Pradesh chief minister, the former ally of the BJP who turned into its sharpest critic this year, asked, blaming what he described were the faulty policies of Prime Minister Narendra Modi’s government.

“The value of rupee is falling down rapidly with every passing day. I am not surprised if it touches Rs 100 per dollar in the coming days. The prices of petrol and diesel are shooting up steeply and very soon, the price of petrol might touch Rs 100 per litre.” Naidu said at a media conference in Amaravati where his government the state’s new capital.

“They are going to hit a century. And, the rupee will also touch the century mark. You can then buy petrol paying a dollar,” news agency Press Trust of India said, quoting the chief minister.

Naidu was unsparing in his attacks on the centre for the state of the economy as well.

He claimed that the economy had collapsed in the last two years and “the growth rate is on the decline too... There is no financial discipline in the country now,” the chief minister rued.

The Telugu Desam Party had earlier this year ended its four-year-long alliance with the BJP, complaining that PM Modi did not deliver on his promise to give Andhra Pradesh a special category status that could have given the state access to higher central funding.

The TDP’s exit from the national coalition also coincided with sharper attacks on the centre on the economy and his assessment of PM Narendra Modi’s surprise decision to ban high value currency notes in 2016.

An early supporter of the currency ban to unearth black money, the chief minister wondered on Monday what the centre had achieved by going in for demonetisation.

“Every citizen of the country has suffered a lot due to demonetisation. Even now, liquid cash is not available and people are not able to draw money from ATMs,” he said.

Naidu, who was appointed as the convenor of the committee on digital economy soon after the demonetisation, recalled that he had suggested banning of currency of Rs 2,000 and Rs 500 denomination and printing of more Rs 200 and Rs 100 notes so as to help the common man, besides recommending digital currency for higher transactions.

“But the NDA government did the exact opposite to what I had suggested as the convenor of digital economy. I demand that the Modi government ban Rs 2,000 and Rs 500 notes at least now and make smaller currency available for the people,” he said.

First Published: Sep 04, 2018 09:57 IST