Naidu Demands Scrapping of High-Value Currency Notes to Combat Corruption

Andhra Pradesh Chief Minister N Chandrababu Naidu has demanded scrapping of high-value currency notes of Rs 500 and Rs 2000 denominations in the country. On Monday, he said scrapping high-value currency notes can help curb corruption. It will also make it easier to build wealth and work towards poverty alleviation. Naidu advocated digital currency and technology-based governance, saying he had raised the issue with Prime Minister Narendra Modi in the past and would continue to do so.