Participating in the Short Discussion on demonitisation issue in the Telangana State Legislative Assembly on Friday, Kishan Reddy admitted that people were facing many problems due to demonitisation.
However, he said that the move would eliminate black money and ensure a corruption free society. He claimed that people were not against the move and only a few politicians were opposing the move.
He said people have been displaying utmost restraint despite standing in queues for the last one month. He said not an incident of protest has been reported from anywhere in the country.
Kishan Reddy alleged that some political forces were trying to mislead the common people.
He said that the demonitisation move would increase the tax base and increase in revenues would subsequently ensure availability of easy loans at lesser interest rates.
He said that the demonitisation would also reduce the real estate prices and housing would become accessible to everyone. (INN)