CM Naidu wants Rs 500 notes to be scrapped
Indian rupees news: N Chandrababu Naidu has reiterated his demand to withdraw high-denomination currency notes like Rs 500. He believes that limiting circulation to Rs 100 and Rs…
Attributed summary
Indian rupees news: N Chandrababu Naidu has reiterated his demand to withdraw high-denomination currency notes like Rs 500. He believes that limiting circulation to Rs 100 and Rs 200 can help tackle corruption effectively. While the Reserve Bank of India is exploring plastic notes for lower denominations, no proposals exist to replace paper currency entirely. Additionally, discussions around digital payments highlight their complementary relationship with physical banknotes.
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