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Chandrababu Naidu Renews Demand to Scrap Rs 500 Notes, Retain Only Rs 100 and Rs 200

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Amaravati, November 9, 2026 (Yes Punjab News)

Andhra Pradesh Chief Minister N. Chandrababu Naidu on Monday renewed his demand to scrap high-denomination currency notes, including Rs 500, Rs 1,000 and Rs 2,000, and retain only Rs 100 and Rs 200 notes.

Recalling his report on digital currency submitted to Prime Minister Narendra Modi, Naidu said he had raised the demand earlier and would continue to press for it.

“I will keep speaking on this. The notes of Rs 500, Rs 1,000 and Rs. 2,000 should be scrapped. Only notes of Rs 100 and Rs 200 should be retained,” he said at a press conference.

The Telugu Desam Party (TDP) chief said curbing high-value cash transactions and promoting digital payments could help tackle corruption. “If technology is perfect, wealth creation and poverty alleviation are not difficult,” he said.

Naidu also claimed that the NDA alliance had successfully curtailed the influence of money power in Andhra Pradesh’s local body elections, describing the results as a reflection of public support for good governance, social justice and democratic values.

According to figures shared by the Chief Minister, the NDA secured a combined vote share of 58.9 per cent in urban local bodies and Parishad elections, up from 55.3 per cent in the 2024 elections. The YSRCP’s vote share declined from 39.81 per cent to 33.56 per cent, a fall of 6.25 percentage points.

In urban local body elections, the alliance secured 59.9 per cent of the votes against 34.3 per cent for the YSRCP, recording a strike rate of 94 per cent. In ZPTC elections, the NDA secured 57.6 per cent of the votes, compared with 39.7 per cent for the YSRCP, with a strike rate of 87.5 per cent.

Naidu said the alliance won 575 of the 659 ZPTC seats across the state, leading in 27 of the 28 districts. The YSRCP secured more ZPTC seats than the alliance only in Alluri Sitarama Raju district and failed to win a single seat in seven districts.

In MPTC elections, the alliance won 7,803 of the 9,818 seats and was expected to secure around 90 per cent of Mandal President positions, he said.

The NDA also won 94 of the 100 Mayor and Chairperson positions, including 12 of the 13 Mayor posts and 82 of the 87 Chairperson posts. The TDP secured 70 positions, Jana Sena 20 and the BJP four.

The alliance won 3,233 of the 3,941 wards, accounting for 82 per cent of the total. It secured council majorities in 95 of the 100 urban local bodies and won every ward in 16 urban local bodies. The YSRCP won only four urban local bodies and 558 wards, failing to win a single ward in 22 urban local bodies, Naidu said.

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