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Scrap Rs 500, Rs 2,000 notes to fight corruption: Andhra CM Chandrababu Naidu
By Apoorva Jayachandran3 min read at India Today
In brief
Andhra Pradesh Chief Minister N Chandrababu Naidu called for scrapping high-denomination currency notes of Rs 500 and Rs 2,000 to combat corruption.
He argued that eliminating high-value cash transactions and adopting digital currency would make wealth creation and poverty eradication easier.
Naidu also stated that technology, if implemented effectively, could help address deep-rooted economic and governance challenges.
This is an AI-estimated analysis and may not reflect the article's actual intent or the publisher's editorial position.
Read this page in Telugu · Google Translate (opens translate.google.com in a new tab)Machine translation by Google, not checked by Vekuva
Andhra Pradesh Chief Minister N Chandrababu Naidu on Monday called for scrapping high-denomination currency notes of Rs 500 and Rs 2,000, arguing that eliminating high-value cash transactions could help break the cycle of and make wealth creation and poverty eradication easier.
Making a strong pitch for digital currency and technology-driven governance, Naidu said he had submitted inputs for a report on the subject in the past and had repeatedly raised the issue with Prime Minister Narendra Modi.
That is the opening of India Today’s story. The full report is on their site.
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