Andhra Pradesh Chief Minister N.Chandrababu Naidu has welcomed the Centre’s decision to pull out Rs 500 and Rs 1,000 notes from circulation.
He said, this move will change the face of Indian economy. He was with a view that after discussions only center should look forward of reintroducing of 500 notes and introducing of 2000 notes as higher denomination notes would lead to malpractice.
He said, Telugu Desam party was the forefront of the demand for ban of high-value currency notes. He had written letters to PM in this regard much before banning decision.