Chandrababu Naidu targets Modi govt, says we don’t need Rs 2000, Rs 500 notes


New Delhi, Sep 2, 2017: Targeting PM Modi government over demonetisation, Andhra Pradesh chief minister Chandrababu Naidu asserted that Rs 2,000 and Rs 500 currency notes are not needed, though he stopped short of demanding their abolition.

Addressing a press conference, Naidu said “Systems should be made corruption free. What is the need of Rs 2000 note? Even Rs 500 note is also not needed, adding that small currency notes (Rs 100 and Rs 200) are enough.”

He further added that “We have to go for online transactions in a big way so that ultimately corruption is rooted out.”

Naidu, an ally of the BJP, did not specifically seek the abolition of the Rs 2,000 and Rs 500 notes, but added that their absence will bring down “distribution of money during elections”.

Naidu had earlier welcomed the announcement by Prime Minister Narendra Modi on November 8 last year to demonetise Rs 1,000 and Rs 500 notes but expressed reservations over the introduction of Rs 2,000 notes.

Wefornews Bureau

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