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‘Scrap ₹500 notes’: Why Andhra CM Chandrababu Naidu wants ₹200 to be the highest denomination of Indian currency

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‘Scrap ₹500 notes’: Why Andhra CM Chandrababu Naidu wants ₹200 to be the highest denomination of Indian currency
Photo / Coverage: Livemint - News
EXECUTIVE SUMMARY

N Chandrababu Naidu urged India to scrap high-value currency notes and retain ₹100 and ₹200 notes, arguing that digital transactions could help tackle corruption. His call came as opposition leaders questioned results of demonetisation, introduced by Prime Minister Narendra Modi a decade ago.

Key Takeaways

  • ‘Scrap ₹500 notes’: Why Andhra CM Chandrababu Naidu wants ₹200 to be the highest denomination of Indian currency.
  • N Chandrababu Naidu urged India to scrap high-value currency notes and retain ₹100 and ₹200 notes, arguing that digital transactions could help tackle corruption.
  • His call came as opposition leaders questioned results of demonetisation, introduced by Prime Minister Narendra Modi a decade ago.

N Chandrababu Naidu urged India to scrap high-value currency notes and retain ₹100 and ₹200 notes, arguing that digital transactions could help tackle corruption. His call came as opposition leaders questioned results of demonetisation, introduced by Prime Minister Narendra Modi a decade ago.

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