860 No need to break one's own head, or break others' heads for two hours everyday!

How can we distinguish between Mr. Narendra Modi, the Prime Minister of India, and Shri Nara Chandra Babu Naidu, Chief Minister of Residual Andhra Pradesh? Both claim that they are great hard workers. Both claim that they are incorrupt. Both dress immaculately. Both claim that they are great innovators. We can find, probably three differences:- 1. Mr. Modi claims that he has a 56" chest. Mr. Naidu does not make any such claims. 2. Mr. Modi does not blacken his hair. Mr. Naidu darkens his hair, but leaves his trimmed beard gray. 3. Mr. Modi rarely dos a volta facie. Mr. Chandra Babu Naidu does not mind doing a volta facie.

Shri Amit Shah, BJP All India President, has already confirmed that Mr. Modi will never take back his decision.

"... This is not a Manmohan Singh government... this is a Narendra Modi government and once he takes a decision, there’s no going back on it. ..."

"... The MPs should instead of complaining, they should convince their voters about the merits of demonetisation. ..."

Here is a link from Huffingtonpost, which shows the volta facie of Mr. Chandra Babu Naidu: Click here to go to HuffingtonPost.in, article "Andhra Pradesh CM Chandra Babu Naidu says, he's breaking his head.".

"...Demonetisation was not our wish but it happened. More than 40 days after demonetisation, there are still a lot of problems but yet there appears to be no solution..."

"Banks are not prepared for a transition to digital economy. They are unable to even register banking correspondents. ..."

"I am spending 2 hours a day to ease the problems caused by demonetisation. I am breaking my head daily but we are unable to find a solution."

Mr. Chandra Babu Naidu, wrote to Prime Minister, advising him to demonetize,-- on 12th October 2016. Mr. Narendra Modi fulfilled the wish of Mr. Chandra Babu Naidu on 8th Nov. 2016.

ON 9th Nov. 2016, Telugu Desam Party claimed "Victory for Chandra Babu Naidu over corruption".

yb-a-donkey's humble submission, not intended to bind others

There is no need break one's own head. Nor, there is a need to break others' heads everyday, conducting Review meetings, as if Bankers have no work, except attending Review Meetings.

Bankers are not fools. The problem with our beloved Prime Minister and Chief Ministers, is, they think otherwise i.e. Bankers are fools. Bankers bow and kneel to everything to PM and CMs say because the Bankers do not want to be ridiculed in Open Meetings. It is the failure of PM and CMs to utilise the creative capabilities of Bankers in a non-tyrannical non-despotic manner, by encouraging participative management.

ONE TEMPORARY, TENTATIVE, PROVISIONAL LOCAL SOLUTION for currency crisis

Mr. Chandra Babu Naidu is already exceedingly unhappy with Banks , particularly Public Sector Banks in Andhra Pradesh. They did not, in his view, co-operate with him in debt relief promised by him to AP farmers. They did not, in his view, take up tenant-financing on a very large scale. Now, they are not confiscating pos machines with merchants, and redistributing them to others, instantaneously.

Andhra Pradesh can make an SOS application to RBI through GOI, for establishing its own Bank, with say Rs. 1 billion as State Government's Capital. AP Government can everyday issue Usance Promissory Notes payable to bearer on the first of every month. They should have a validity of one month (or say max. three months). They should be valid only in the District of issue.

Alternatively, A.P. Govt's new Bank can issue post-dated cheques payable on first of every month. Once they are endorsed BLANK on the reverse by the payees (employees, pensioners, contractors, suppliers, etc.), they become payable to bearers. That means, they can be circulated just by delivery. They will become as good as currency notes. Only hitch will be: People should have trust on the State Government and its Bank. These also should be marked valid for one month (or three months) only. Circulation jurisdiction should also be made limited to one or two districts. Sub-Treasuries can also be authorised to issue this type of cheques payable at the new Bank.

Demand Promissory Notes payable to bearer become currency notes. They can be issued only RBI. Andhra Pradesh Government can also get this power / authority temporarily, by using good offices of Mr. Naidu with Mr. Narendra Modi, for getting an ordinance issued by President of India, later supported by a bill in both Houses of Parliament. As this is difficult, "Usance Promissory Notes payable to bearer" is a solution.

The Government of Andhra Pradesh can issue these notes to its employees, pensioners, suppliers, contractors. They can in turn get them exchanged with workers, employees, vendors, suppliers, as if the Usance Promissory Notes are valid for one month/three months, within Andhra Pradesh.

On due dates, Andhra Pradesh Government through its Sub-Treasuries /or through AP Government's newly established Bank, can honor the Promissory Notes by crediting presentor's accounts. They can also be paid in Local Clearing, when presented by Other Banks.

The newly established Andhra Pradesh Government Bank can extend loans to liberally to Tenant Farmers, DWACRA Societies, Self-Help Groups, Co-operative Societies and Co-operative Banks, wine shops and bars who are unable to buy/ lift liquor quotas from A.P. Beverages Corporation. The A.P. Govt. can also write off loans whenever it wants depending on elections. The new AP Govt. Bank can issue thousands and millions of POS machines to farmers liberally.

In this manner, Residual Andhra Pradesh Government can save itself from the headaches which Bankers are causing to it by their inefficiency.