Andhra Pradesh leader minister N. chandrababu naidu has called for the abolition of Rs 500 notes, reigniting debate over high-price forex and corruption.
In a different interview with india Today, Naidu stated, "All big currencies need to be abolished. Best, then, are we able to remove corruption."
"Best forex notes beneath Rs one hundred and Rs two hundred should be there. Not even Rs 500 notes should be continued," Naidu stated.
Naidu's comments echo the debatable demonetization pressure of 2016, when top minister Narendra Modi banned antique Rs 500 and Rs 1,000 notes to minimize black money and counterfeit currency. The cutting-edge Rs 500 notes were brought quickly after, presenting a stone-gray coloration and the purple citadel motif.
His comments arrive amid a viral youtube video claiming the government will segment out Rs 500 notes starting march 2026. The video, published by using a channel named 'Capital TV' on june 2, garnered over 500,000 views and spurred public tension.
The center hastily debunked the video. "Rs 500 notes have not been discontinued and continue to be prison soft," the clicking facts bureau's fact test department clarified in a submit on X. It urged residents to confirm information via respectable sources.
On welfare regulations, Naidu distanced himself from the time period "freebies," linking social schemes to legacy and necessity. "One issue we have to recognize: earlier there has been not a whole lot of welfare. ntr announced numerous benefits... That's how welfare commenced. Now wealth is being created... But the hole among haves and have-nots is widening."
"Welfare should be significant, and transport should be efficient," he added.
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