Amaravati: Andhra Pradesh Chief Minister N. Chandrababu Naidu has once again strongly advocated withdrawing high-value currency notes from circulation, reiterating his demand to scrap ₹500 notes to curb corruption and restrict cash transactions.

Addressing a press conference on Monday, the Telugu Desam Party (TDP) chief said that ₹500, ₹1,000 and ₹2,000 currency notes should be withdrawn from circulation. He suggested that only ₹100 and ₹200 denominations should remain in circulation in the country.

Naidu argued that eliminating high-value currency notes would make it difficult to use large amounts of cash for corruption and illegal activities. He said he would continue to pursue the proposal.

Naidu Advocates Technology and Digital Transactions

The Andhra Pradesh Chief Minister also emphasised the importance of technology and digital transactions in improving economic opportunities and accelerating development.

He said that proper utilisation of technology could make wealth creation and poverty eradication significantly easier. Naidu added that he had previously included the proposal regarding digital currency and the withdrawal of high-value notes in a report submitted to Prime Minister Narendra Modi.

Naidu Claims Growing Public Support for NDA

During the press conference, Naidu also discussed the recently concluded urban local body elections and claimed that the results reflected growing public support for the National Democratic Alliance (NDA) in Andhra Pradesh.

According to figures cited by Naidu, the NDA secured a combined vote share of 58.9% in urban municipal and council elections, compared with 55.3% in the 2024 general elections, marking an increase of 3.6 percentage points.

In contrast, the opposition YSR Congress Party (YSRCP) reportedly saw its vote share decline from 39.81% in the 2024 elections to 33.56% in the municipal and council polls, a drop of 6.25 percentage points.

Naidu claimed that the NDA had successfully reduced the influence of money power in the elections and said the results demonstrated a widening gap between the ruling alliance and the opposition.

The Chief Minister asserted that the NDA's growing electoral support reflected increasing public confidence in the alliance's governance and political leadership.