Amaravati (Andhra Pradesh), Oct 12 : Andhra Pradesh Chief Minister N. Chandrababu Naidu on Wednesday sought immediately abolishing big currency notes and called for making baking transactions compulsory in course of time to curb black money.
Stressing the need for ban on cash transactions, he reiterated his demand for immediately abolishing currency notes of Rs 500 and Rs 1,000 denominations.
Addressing a news conference in his new office at Velagapudi here, he also voiced concern that politics has become a "shelter" for corrupt.
Naidu, who had been demanding a ban on big currency notes, said he would be writing a letter to Prime Minister Narendra Modi on Wednesday itself in this regard.
He said abolishing the big currency notes was necessary to check those who are buying votes and misusing the people's mandate.
"Politics has become shelter for corrupt people and black money earners," said Naidu, also the Telugu Desam Party (TDP) chief.
Terming black money as the root cause for all the evils, Naidu said this could be curbed by abolishing cash and currency transactions and making all transactions through banks compulsory.
When all payments can be made through a smart phone, there was no need for cash transactions, he said.
"In course of time we have to go for total bank transactions. We have to regulate and create culture. Then only we can control all evils and then only everybody will earn money through genuine way," he said.
Stating that some people were becoming rich overnight, he said when questioned, they were launching a "counter attack".
Naidu said such people get votes by distributing Rs 500 and Rs 1,000 notes among voters. "This is leading to competition among MLAs, who also want to make money to win elections. This is a vicious circle and the only way to break it is to go for total bank transactions," he added.
He also did not favour Income Declaration Scheme for black money earners, saying this only help them to turn black money into white. "They have to give only 40-45 percent money. Their remaining money becomes white. It's good for them. They will happily pay this. There is not even social stigma," he said.
Union Finance Minister Arun Jaitely had said early this month that after the first quarter of the Income Declaration Scheme ended on Sep 30, as many as 64,275 declarants have collectively disclosed Rs 65,250 crore.
"Out of the Rs 65,000 crore disclosed across the country, Rs 13,000 crore was declared in Hyderabad and, out of it, Rs 10,000 crore by a single individual. Who is that, we can't know as per law. Is it possible for a businessman to declare such huge money?" Naidu said.
Appreciating Prime Minister Narendra Modi for stating that there are still people and problems like Ravana, Naidu said black money was a major cause for these problems.
He pointed out that after earning the money by hook or crook, some people resort to drinking liquor, going to clubs and indulging in other immoral activities.
Claiming that India is positioned to become super power, Naidu said it is the only country in the world with great values and described the family system as country's greatest asset.
In an obvious reference to US Pesidential candidate Donald Trump's lewd comments about women, the TDP leader said it speaks of hollowness. "It's evident from this that there is no leadership in a developed country like US," he remarked.
He also referred to polygamy in the US. "If you see, Trump has fourth wife. These are not values. This is temporary enjoyment but we have values. India is the only country with family bond and it is the main reason for our happiness," he said
Haryana, July 21: In a shocking incident, The Haryana Police arrested a 60-year-old godman in Fatehabad on Friday for allegedly raping 120 women under the guise of treatment, sources said. Accordin ..Written by : IANS | 06:45 PM
Hyderabad, July 21: In a significant development, Hyderabad Metro Rail (HMR) will extend its services to LB Nagar in the last week of August and to Hitech City in October, HMR Managing Director N V S ..Written by : IANS | 05:18 PM
Mumbai, July 21: We all knew that Bollywood beauty Sonam Kapoor got married to Delhi based businessman Anand Ahuja recently. The duo made an adorable pair and social media has been filled with the ..Written by : IANS | 05:13 PM
New Delhi, July 21: In a shocking news, Bangladesh fast bowler Mustafizur Rahman will not be available to participate in overseas T20 Leagues for next two years. "It cannot go on like this. He will ..Written by : IANS | 03:58 PM
Hyderabad, July 21: Small screen popular TV-anchor Pradeep Machiraju has made an official announcement about his Wedding! He is going to search his life partner through TV show Pelli Choopulu. Prad ..Written by : IANS | 03:46 PM
Hyderabad, April 12: Nagarjuna's song "Ninnu Roddu Meeda Chusnadi Laggayithu" one of the most popular songs in 1990's. The Song has got a tremendous response in that time. The SOng was super hit film ..Written by : IANS | 05:04 PM
Hyderabad, Apr 10: Preparations related to NTR Rama Rao biopic are ongoing. Bala Krishna is playing the role of NT Rama Rao while the rest of the cast has to be finalized. The selection process for th ..Written by : IANS | 02:13 PM
Hyderabad, Apr 03: Power star Pawan Kalyan has congratulated on the hit of Rangasthalam team here on today. Pawan spoke to Charan after watching "Rangasthalam" on the special screen, he told that h ..Written by : IANS | 04:47 PM
Hyderabad, Mar 26: The Tollywood Gorgeous actress Anushka Shetty had a fabulous start to 2018 with the solid success of Bhaagamathie. Although there have been several rumors on her future projects ..Written by : IANS | 03:04 PM
Kolkata, July 21: Here is the big blow for th ..
Haryana, July 21: In a shocking incident, The ..
Kolkata, July 21: West Bengal chief minister ..
New Delhi, July 21: In a shocking incident, A ..
New Delhi, July 20: On Friday, Congress Presi ..
New Delhi, July 20: India's government is hol ..
New Delhi, July 20: The Congress President Ra ..
New Delhi, July 20: India's giant telecom net ..
New Delhi, July 20: Remarkable scenes unfu ..
New Delhi, July 20: Telugu Desam Party MP ..
New Delhi, July 20: Nowadays we are seeing a ..
San Francisco, July 20: In a shocking news ..
New Delhi, July 20: Cristiano Ronaldo has ..
New delhi, July 19: In a further tightenin ..
London, July 18: Reportedly, it is informe ..
England, July 17: In a shocking news, A man d ..
Manhattan, July 17: It's not easy to stand ou ..
Beijing/Islamabad, July 16: In a shocking dev ..
Chicago, July 16: It is already known that a ..
Washington, July 15: India-US are expected to ..
New Delhi, July 21: In a shocking news, Bangl ..
New Delhi, July 19: Mahendra Singh Dhoni h ..
New Delhi, July 19: As we all knew that, M ..
New Delhi, July 18: The Former Indian Cricket ..
France, July 16: France have won the 2018 Wor ..
Nottingham, July 13: India defeated England b ..
New Delhi, July 12: India captain Virat Kohli ..
Bristol, July 10: Indian Batsmen Rohit Sharma ..
Mumbai, July 10: Sunil Gavaskar marked his 69 ..
New Delhi, July 09: Hitman Rohit Sharma, purr ..
New Delhi, July 21: Reliance Jio has introduc ..
Hyderabad, July 21: In a move that will direc ..
Hyderabad, July 19: Tollywood incredible l ..
New Delhi, July 19: Mobile giant Xia ..
China, July 17: The trendsetter of the mob ..
New Delhi, July 10: The company has priced th ..
New Delhi, July 10: Here is the good news for ..
New Delhi, July 09: WhatsApp has been in the ..
Hyderabad, July 09: A Survey published an int ..
New Delhi, July 08: Electronics manufacturer ..