Chief Minister N Chandrababu Naidu, who has been campaigning for the abolition of big notes for a long time to put an end to `black economy’ and first one who pleaded for abolition of Rs 1000 and Rs 500 notes, has now suggested abolition of Rs 500 and Rs 200 notes. He made this suggestion to the bankers at the State-level Bankers Consultative Committee meeting held in Amaravati on Tuesday.
He alleged that some people are trying to buy the system with the money they had looted during the last five-years anarchistic regime in the state. By abolishing Rs 500 and Rs 200 notes, he said digital currency should be promoted. Already India has emerged as a global leader in digital transactions.
Accusing those who had looted under the guise of politics are now trying to give sermons, the Chief Minister made it clear that there is no need to be afraid of such threats as Criminals and corrupt people cannot escape.
He deplored that all the systems were destroyed during the previous government’s rule. Moreover, the Chief Minister in a way giving stern warning to such people, he asserted that he will deal with corruption and irregularities according to the law.
He said that unless transparency is brought back in the administration no one will come forward to invest in the state. He recalled that several potential investors and companies had run away from the state due to harassment in the previous regime.
Chandrababu warned that strict action will be taken if anyone commits any further irregularities in the government. He said that his government is implementing its commitments like free sand and enhanced pensions besides shortage of funds after the previous regime pushed the economy into a mess.
He said that the debtors are roaming daily and several pending bills have to be cleared. Due to the wrong decisions taken by the previous government, the state also lost investments. Chandrababu wants the people to win and the state to stand. He said that the people have won and placed themselves in a great position.
