Senior BJP leader and Union Minister has categorically rubbished the reports suggesting that demonetisation drive was taken on electoral considerations.
Speaking to reporters here on Wednesday, Naidu termed the November decision as ‘strictest action’ against black money and said that his government was ready to face the consequences.
"We never undertook demonetisation (by) keeping elections in mind. It was long overdue... time will tell whether we are right or wrong," the Minister said as he called it a ‘bitter pill’ which was good for the country.
As for the impact of demonetisation on the Indian economy, Naidu said, "It will have temporary impact on the economy."
Asked about the death of people standing in bank or ATM queues, the Minister said: "Should I ask how many people died due to corruption and black money?"
About the seven-phase Uttar Pradesh assembly elections from February 11 to March 8, Naidu said the BJP had not yet decided on announcing a chief ministerial candidate, and stressed that development is their main agenda.
