Andhra Pradesh Chief Minister N Chandrababu Naidu reiterated his demand for demonetization of Rs 500 and Rs 1,000 currency notes. He felt that the move would help in curbing circulation of black money.
Nearly a total of Rs 63,000 crore black money was converted into white at national level, out of which Rs 13,000 crore from Hyderabad city including Rs 10,000 crore from single individual.
Naidu already shot off letter to Prime minister Narendra Modi to demonetize the big currency notes and protect the country from the menace of black money which is playing a havoc in the national and state politics also.