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Friday, 13 November 2026 IST

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‘Scrap Rs 500 notes’: CM Naidu seeks to phase out big currency to curb corruption

Andhra Pradesh chief minister N Chandrababu Naidu advocates for the abolition of Rs 500 and other high-value banknotes to combat corruption and promote a shift to digital transactions,…

'Scrap Rs 500 notes': CM Naidu seeks to phase out big currency to curb corruption
'Scrap Rs 500 notes': CM Naidu seeks to phase out big currency to curb corruption — image via Times of India India — Credit: Storywire

Attributed summary

Andhra Pradesh chief minister N Chandrababu Naidu advocates for the abolition of Rs 500 and other high-value banknotes to combat corruption and promote a shift to digital transactions, which he believes is vital for economic enhancement. The recent local election results revealed a strong tilt toward the National Democratic Alliance, especially in urban regions, indicating a robust affirmation of democratic ideals and effective governance across Andhra Pradesh.

Read the original report — Times of India India

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