Andhra Pradesh Chief Minister and Telugu Desam Party (TDP) chief N. Chandrababu Naidu on Tuesday demanded a ban on the 500 rupee note. Addressing party workers at the TDP's Mahanadu program in YSR Kadapa district, he said that digital currency should be given priority to curb corruption in the country and bring transparency in financial transactions.
“When I gave the digital currency report to Prime Minister Narendra Modi, I urged him only one thing, the need arises, stop printing Rs 500, Rs 1,000 and Rs 2,000 notes. Enable and promote digital currency. Then, should there be any corruption, we can find it out easily. I recommended to him so,” CM Naidu said.
He used the stage to reiterate his demand to the Union Government to act on this suggestion, noting that the world is now moving rapidly towards digital currency.
“Today from this Sabha I want to once again request, today the world is of digital currency. If someone had to give a donation for party activities then we had to go through a list, but now just by a QR code, cadres and the public can access giving donations. There is no need for distribution of Rs 500, Rs 1,000 and Rs 2,000 notes,” he said.
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Calling for public support on the proposal, Naidu sought a show of hands and applause from the supporters gathered at the event in favour of cancelling higher denomination currency notes.
