Andhra CM hails currency withdrawal decision, says PM Modi ‘heeded my tip’ | india-news | Hindustan Times
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Andhra CM hails currency withdrawal decision, says PM Modi ‘heeded my tip’

Andhra Pradesh chief minister N Chandrababu Naidu has claimed his share of “credit” for the union government’s scrapping of 1,000 and 500 rupees bank notes, pointing out that he had formally made the suggestion to the Prime Minister last month.

india Updated: Nov 09, 2016 11:06 IST
Srinivasa Rao Apparasu
Andhra Pradesh CM Chandrababu Naidu has claimed his share of “credit” for the government’s scrapping of 1,000 and 500 rupees bank notes.
Andhra Pradesh CM Chandrababu Naidu has claimed his share of “credit” for the government’s scrapping of 1,000 and 500 rupees bank notes.(Vipin Kumar/HT File Photo)

Andhra Pradesh chief minister N Chandrababu Naidu has claimed his share of “credit” for the union government’s scrapping of 1,000 and 500 rupees bank notes, pointing out that he had formally made the suggestion to the Prime Minister last month.

Naidu, who had been demanding the abolition of high-value currency for a year, welcomed Narendra Modi’s “bold” decision, recalling that he wrote a letter to the PM on October 12, seeking immediate ban on notes of 500 and 1,000 denominations.

Abolishing the two big currency notes was necessary to check those who were buying votes and misusing people’s mandate, he said. “Politics has become shelter for corrupt people and black-money earners,” Naidu’s letter added.

He also suggested the government make banking transactions compulsory in course of time.

Soon after Modi’s televised address to the nation on Tuesday night, Naidu said it was “heartening” that the PM had “heeded” his request. The ruling Telugu Desam Party had been in the forefront in raising its voice for abolition of high-value currency notes, the CM added.

He, however, expressed reservations about the introduction of Rs-2,000 notes, besides redesigning the 1,000- and 500-rupees denominations. “There is a need for wide-range consultations before re-introducing high-value currency,” he said. “The Centre should also consider alternatives to it.”

Naidu said he had been asking the Centre to ensure that all monetary transactions took place through banks. Noting that political parties were “bribing voters by distributing Rs 500 and Rs 1,000 notes along with voter slips”, he said their withdrawal would help the government curb such electoral malpractices.