Chandrababu Naidu Demands Withdrawal of ₹500 Note |“Higher Notes Help Black Money” |Dr. Manish Kumar

Andhra Pradesh Chief Minister N. Chandrababu Naidu has called for the complete withdrawal of the ₹500 currency note, arguing that higher denomination notes facilitate the accumulation of black money. Speaking on the issue, Naidu suggested that circulating only ₹100 and ₹200 denomination notes would be sufficient for the economy and asserted that eradicating corruption requires the removal of the ₹500 note. His remarks coincided with the tenth anniversary of the nationwide demonetisation drive. Meanwhile, the opposition Congress party used the milestone to launch a sharp attack on the ruling BJP government, alleging that the 2016 note ban severely damaged the country's economic growth. Political debates have reignited across parties following these statements regarding currency reforms and their long-term impact on financial transparency, corruption control, and overall economic stability in India.