Andhra Pradesh CM Claims Abolishing Rs. 500, Rs. 1000 Notes Will Curb Corruption

author image
8:39 pm 12 Oct, 2016

Andhra Pradesh chief minister N Chandrababu Naidu claims that if currency notes of Rs. 1000 and Rs. 500 denominations are abolished, then corruption will reduce.

IANS reported that Naidu, during a press conference, said,”Politics has become a shelter for corrupt people and black money earners. Some people who are in politics are misusing the people’s mandate. Once these currency notes are abolished, it would also put an end to buying of votes.”

He also said he will write to Prime Minister Narendra Modi regarding the same and encourage total bank transactions.

“I’m writing a letter to the Prime Minister today asking that Rs. 1000 and Rs. 500 notes be abolished.
In course of time, we have to go for total bank accounts. We have to bring in that culture. One, you have to regulate and two, you have to bring in that culture. Then it will curb the evils,” Naidu said.


The minister emphasised that using a smartphone, everything can be done and hence, it won’t be a big problem.

“A smartphone is enough to deal with everything. Be it shopping, travelling, money transaction or even if you have to spend money abroad, a smartphone is enough,” he said.

Further, he praised Modi-led government recent income disclosure scheme and said that an initiative was taken to unearth black money.


Popular on the Web