Prime Minister Narendra Modi demonetizing 500 and 1000 Rupee Notes has got a cheer on the face of Andhra Pradesh Chief Minister Chandrababu Naidu. The Telugu Desam Supremo has come up with the demand of banning these higher denomination notes for a very long time to combat black money, fake currency, and Terror Funding.
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Naidu even wrote a letter to the Prime Minister the last month demanding the ban of these notes. The state government is considering to move a resolution in the next Assembly session to ban those notes. When Modi announced this last night, everyone is seen discussing Naidu’s vision who foreseen the decision well in advance.
On the other side, Naidu welcomed the decision last night via his Twitter account as soon as the announcement. But then he also warned the government about the reintroduction of the new 500 and 2000 notes. He demanded that Center should reassess the steps &tread with caution before introducing new denominations, to eliminate stash.
