Scrap 2,000 and 500 notes to speed up digital payments: Chandrababu

Vastavam web: Andhra Pradesh Chief Minister N Chandrababu Naidu today asked the Centre to scrap the banknotes of Rs 2,000 and Rs 500 denomination to speed up digital payments.”It was I who first demanded abolition of Rs 1,000 and Rs 500 notes. Now, they brought Rs 2,000 and Rs 500 notes but they too should be scrapped,” Naidu, who heads a panel of chief ministers on digital economy, told reporters.His fresh demand came in the light of a hawala racket that was busted by the Visakhapatnam police today.
“So many fake companies were created for these transactions. Some nondescript persons have done all this. Who is the role model for them,” Chandrababu asked, indirectly taking a dig at YSR Congress president Y S Jaganmohan Reddy.Attacking the YSRC president, the TDP supremo said the former extended support to the NDA in the ensuing presidential election only because “he has no other option”.”We (TDP and BJP) are coalition partners. Why did he (Jagan) go and meet the Prime Minister (Narendra Modi)? He announced support to the NDA in the presidential election as he has no other option,” Chandrababu said