Noting that politics has become a “shelter” for corrupt people, Andhra Pradesh Chief Minister N Chandrababu Naidu today reiterated his demand for immediately abolishing currency notes of Rs. 1000 and Rs. 500 denominations to curb black money in the country.
“Politics has become a shelter for corrupt people and black money earners. Some people who are in politics are misusing the people’s mandate. I’m writing a letter to the Prime Minister today asking that Rs. 1000 and Rs. 500 notes be abolished and total bank transactions be encouraged,” he said at a press conference in his new office at Velagapudi.
The Chief Minister said once these currency notes are abolished, it would also put an end to “buying of votes”.
“In course of time, we have to go for total bank accounts. We have to bring in that culture. One, you have to regulate and two, you have to bring in that culture. Then it will curb the evils,” Mr Chandrababu said.
“A smartphone is enough to deal with everything. Be it shopping, travelling, money transaction or even if you have to spend money abroad, a smartphone is enough,” he said.
Referring to the Centre’s recent income disclosure scheme, the Chief Minister said an effort was made (to unearth black money).