Politics

CBN Calls to Abolish 500 Notes

Today is the opening day of Mahanadu in Kadapa. CM Chandrababu Naidu made some interesting comments about the various developments within the party and the ever-growing popularity of TDP.

Speaking on the first day of the three-day event, Chandrababu said he submitted a report on digital currency to Prime Minister Narendra Modi. I asked him to do away with Rs 500, 1000 and 2000 notes.

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I told him you are canceling the Rs 500 and Rs 1000 notes and you have brought in new 2000 notes. If need be, cancel Rs 500, 1000 and 2000 notes.

I told the PM, please introduce digital currency. If there are hoarders and those indulging in nefarious activities, we can weed them out easily.

Today, I am demanding it once again in this meeting. Many countries have adapted digital currency. Today, the donations to the party (TDP) can be made digitally through your phones. There is no need for Rs 500, 1000 and 2000 notes.

In politics, there should be no need to distribute money to get votes. We have to take up praja seva as our ultimate goal. If we work efficiently, people will vote for us.

Babu asked the crowd to clap hard to show their support to his proposal for doing away with big notes. Only then will corruption end in this country, said Chandrababu to thundering applause.

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Sridhar Raavi

Sridhar is a highly experienced hand in Telugu politics, writing and analyzing political happenings in Andhra Pradesh and Telangana. An IT engineer turned news junkie, Sridhar has a sharp eye for catching news as it u…

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