PM Modi had earlier refused to meet a delegation from Kerala to discuss the crisis.

Wont approach PM Modi on co-op crisis again Kerala Fin Min Thomas Isaac
news Demonetisation Thursday, December 08, 2016 - 14:42

Exactly a month after Prime Minister Narendra Modi shocked the nation with his demonetisation move, the cash crunch faced by its citizens shows no sign of abating any time in the near future. 

Even as the ongoing crisis in the co-operative sector worsens with time, Finance Minister Dr Thomas Isaac has refused to approach the PM to resolve the issue. 

Speaking to journalists on the sidelines of the inauguration of ‘Haritha Keralam’ (Green Kerala) in Pathanamthitta on Thursday, Dr. Isaac reiterated that he will no longer try to meet Modi to discuss the same. 

This comes in the wake of the Prime Minister refusing to meet a delegation from Kerala on 23 November who had gone to apprise him of how the common man was unable to make use of the cooperative banks in the backdrop of the RBI ban on them from accepting or exchanging recently demonetised notes.   

“We will no longer try to meet the PM in this regard. We understand that he may have been rather pre-occupied that day, and hence refused to meet us. But it does seem like he has no time to discuss the crisis. Is it not amply clear?” asked Isaac. 

According to the Minister, the state government has been in regular touch with Union Finance Minister Arun Jaitely in the matter. Speaking about the next meeting with Jaitley scheduled to take place on Saturday, Thomas Isaac remarked:

“We shall once again raise our concerns at the meeting. I don’t however expect any fruitful outcome this time too. He has many a time reassured us about measures being undertaken to solve the crisis. But nothing has been done so far. The Supreme Court may now have to intervene for them to actually act. I am at a loss to understand their present stance.”

The co-operative banks had earlier moved the Supreme Court asking for the removal of the said ban. The state government is also reportedly mulling over approaching the Supreme Court over the issue.  

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