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
Bengaluru, June 22: Five Nigerians have been arrested for peddling cocaine and crystal meth in the city, police said on Thursday. "On a tip, the City Crime Branch raided a house and seized 6.4 gram ..Written by : IANS | 12:51 AM
Chennai, June 22: The Tamil Nadu government on Thursday expressed its opposition to the central government's plans to induct a private investor for Tiruchirappalli gun factory which comes under the Or ..Written by : IANS | 12:51 AM
Beijing, June 22: A draft law on the usage of the national anthem was submitted to the Standing Committee of China's National People's Congress for its first reading on Thursday. The draft law cite ..Written by : IANS | 12:51 AM
Vishakapatnam, June 22: The Andhra PradeshMinister for Roads and Buildings Ch Ayyanna Patrudu has challenged the opposition parties to prove the alleged involvement of TDP leader in the land scams in ..Written by : IANS | 12:51 AM
New Delhi, June 22: The quality of video resolution and playback affects viewers engagement with and loyalty to video streaming services, a new study said on Thursday. According to the content deli ..Written by : IANS | 12:51 AM
Hyderabad June 22: Akkineni Akhil is currently working on his second movie which is directing by Vikram K. Kumar. They have completed some action sequences of the movie in the supervision of Hollywood ..
Hyderabad, June 22: Comedians turning heroes is a common trend in Telugu film industry. Several top comedians tested their luck as heroes and scored hits at the box office. Similarly, popular comedi ..
Hyderabad June 22: Budgets are increasing for the films of Tollywood stars. The market is also increasing simultaneously. Satellite rights are becoming the crucial source of income for star hero films ..
Hyderabad, June 22: Tollywood Superstar Mahesh Babu's latest upcoming movie 'Spyder' which is the 23rd flick in the Mahesh career. It is yet to be released.. but there is interesting news doing rounds ..
Hyderabad June 21: Do you Remember Bhumika Chawla? The Punjabi kudi, who has done some remarkable movies such as 'Okkadu', 'Kushi' in her early career, is now all set for the second-innings. Bhumi ..
Mumbai June 21: Young Rebel Star Prabhas achieved nationwide recognition with 'Baahubali: The Beginning'. He went on to become a nationwide star with 'Baahubali 2: The Conclusion'. The historical dra ..
Hyderabad June 21: Nowadays, Hindi Audience has been appreciating movies of Tollywood Stars. Who could forget the historical drama 'Baahubali' franchise in Hindi-dominant territories so soon? We did w ..
Hyderabad June 21: One of the successful producer in the Tollywood is Dil Raju, he almost stopped buying the Distribution Rights of movies after incurring huge losses with few Star-Studded movies. ..
Hyderabad June 21: 'Size Zero' is one film which had a huge negative impact on the physic of sweety Anushka. After gaining excess weight, It took her almost a year to shed most of it. Still, The Manga ..
Hyderabad June 20: Power Star Pawan Kalyan is busy shooting for Trivikram Srinivas film and as it is his 25th, the actor wants it to the most special film for his fans and Telugu Cinema lovers as well ..
Hyderabad June 20: These days, Moviemakers are finding it very difficult to rope suitable heroine for Star-Studded Projects. This could be because of the scarcity of Top League Actress and prior commi ..
Hyderabad June 20: Whenever there is some news about Rana Daggubati and Trisha, there is so much curiosity among the netizens. There were several reports in the media in the past that they are seeing ..
Hyderabad June 20: It is not unusual for producers to face few financial problems before the release of their movies. Even the big producers face some issues but as the star heroes are part of the pro ..
Hyderabad June 20: Actress Sayesha Saigal debuted to film industry with Akhil's debut movie 'Akhil'. Even though her debut movie turned out to be a failure.. she went to B-town and acted in Ajay Devga ..
Hyderabad June 20: Many people say that they don't believe concepts like past life.. reincarnation.. but most of them will have good interest. When it comes to films, they make the audience believe t ..
Hyderabad June 19: Director Srinu Vaitla who was once considered as a top director, has delivered three back to back disasters and lost his market. There are rumors that no hero is willing to work wi ..
Hyderabad, June 19: Grapevine in the Industry is that Sonal Chauhan is in a live-in relationship with Abhimanyu Dasani who is the son of Actress Bhagyashree of 'Maine Pyaar Kiya' fame. Intimate Pictur ..
Hyderabad June 19: Tollywood Young Hero Nani's choice of scripts has been appreciated since from the 'Yevade Subramaniam' movie. Having the experience of working as Assistant Director, has helped him ..
Hyderabad, June 19: This director is known for making some of the best films in our Telugu Cinema and recently, he gave us the 'pride' of Cinema to show off Worldwide. Well, it is hard to believe ..
Hyderabad June 18: Megastar Chiranjeevi's 151st film will be made on Uyyalawada Narasimha Reddy life and Chiru himself has confirmed about it. Director Surender Reddy is busy with the pre-production ..
Hyderabad June 18: Akkineni Akhil is presently working on his second film in the direction of Vikam Kumar. The film unit has completed a huge schedule which consists of international standard action ..
Hyderabad June 18: Krishna Vamsi is known as creative director a decade back with brilliant films.. but he has not delivered a solid hit or critically acclaimed film in the last ten years. When h ..
Hyderabad, June 17: Buzz about 'Spyder' is at peaks and so is its pre-release business. Already, Nizam and Ceded Theatrical rights were sold out for Rs 26 crore and Rs 15 crore respectively. The d ..
Hyderabad June 17: Allu Arjun wasn't even considered as a Star Hero until few years ago. The range of Allu Hero kept increasing since 'Julayi' and he never looked back since then. Blockbusters like 'R ..
Hyderabad June 16: Kannada Heroine Rashmika Mandanna who created a huge sensation in Sandalwood Industry with her cute looks in the film, 'Kirik Party'. The song featuring her, Belageddu has become vi ..
Bengaluru, June 22: Five Nigerians have been ..
NewDelhi June 22: A good news for home buyers ..
Kolkata, June 22: Former Calcutta High Court ..
New Delhi, June 22: The much-awaited meeting ..
New Delhi, Anti corruAnti-corruption cases ar ..
Indore, June 22: Five patients died on Thursd ..
Kolkata, June 22: Indian Police Service PS of ..
Chennai, June 22: The Tamil Nadu government o ..
New Delhi, June 22: Power tariffs will not ri ..
New Delhi, June 22: The quality of video reso ..
Beijing, June 22: A draft law on the usage of ..
Islamabad Pakistan, June 22: A country has gi ..
United Nations, June 22: In seven years India ..
Juba, Sudan June 22: A good news from a count ..
San Francisco, June 22: In a bid to go after ..
Wellington, June 22: New Zealand wicket-keepe ..
San Francisco, June 22: After acquiring socia ..
Kabul, June 22: At least 15 Afghans were kill ..
Colombo, June 22: The Sri Lankan Navy on Thur ..
Islamabad, June 22: Pakistani authorities hav ..
New Delhi, June 22: Seasoned cricketer Gautam ..
New York, June 22: The International Olympic ..
London, June 22: Three-time Wimbledon tennis ..
New Delhi, June 21: Acknowledging the rift wi ..
London, June 21: Indian skipper Mithali Raj o ..
New Delhi, June 21: Asserting that a new nati ..
Islamabad, June 21: The emphatic ICC Champion ..
New Delhi June 21: We already knew that Team ..
London, June 21: Defending champion Andy Murr ..
NewDelhi June 21: A good news for Team India. ..
Mumbai, June 22: Chinese smartphone maker On ..
Here is a warning call from scientist those w ..
New York, June 22: In what could confirm a ce ..
London, June 22: Instant messaging service Wh ..
New Delhi, June 22: Domestic smartphone maker ..
New Delhi, June 22: Short in height? Wear fla ..
London, June 21: Raising hope for a novel tre ..
Hyderabad, June 21: Human beings are made up ..
New Delhi, June 20: After launching it at the ..
New York, June 20: Compounds found in grape s ..