1. Hyderabad individual declared Rs 10,000 cr in black money scheme: Chandrababu Naidu

Hyderabad individual declared Rs 10,000 cr in black money scheme: Chandrababu Naidu

Andhra Pradesh Chief Minister N Chandrababu Naidu today claimed that out of the Rs 13,000 crore of black money declared in Hyderabad under a recent scheme, Rs 10,000 crore belonged to a single individual, in apparent hints towards his political rivals.

By: | Amaravati | Updated: October 12, 2016 8:27 PM
"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," said N Chandrababu Naidu. (PTI) “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,” said N Chandrababu Naidu. (PTI)

Andhra Pradesh Chief Minister N Chandrababu Naidu today claimed that out of the Rs 13,000 crore of black money declared in Hyderabad under a recent scheme, Rs 10,000 crore belonged to a single individual, in apparent hints towards his political rivals.

He also demanded immediate abolition of currency notes of Rs 1,000 and Rs 500 denominations to curb black money.

“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,” he told a press conference in his new office at Velagapudi.

“In the future, in 2-3 or 5 years, they will again regularise black money , depending on their need. You just pay 40-45 per cent penalty and the rest becomes white. Isn’t that better? Nobody can question. Now, there will no social stigma as well,” Chandrababu said.

Noting that politics has become a “shelter” for corrupt people and black money earners, he said, “Some people who are in politics are misusing the people’s mandate. I am writing a letter to the Prime Minister today asking that Rs 1,000 and Rs 500 notes be abolished and total bank transactions be encouraged.”

The Chief Minister said once these currency notes are abolished, it would also put an end to “buying of votes”. “In course of time, we have to go for total bank accounts. We have to bring in that culture. One, you have to regulate and two, you have to bring in that culture. Then it will curb the evils,” Chandrababu said.

“A smartphone is enough to deal with everything. Be it shopping, travelling, money transaction or even if you have to spend money abroad, a smartphone is enough,” he said.

Referring to the Centre’s recent income disclosure scheme, the Chief Minister said an effort was made to unearth black money .

“If compulsory bank transactions were introduced, it would eliminate the need for money. The lust for money will also be gone and then everybody will earn money in a genuine way,” he added. Stating th at India was the only country that could achieve double digit (economic) growth in the future, the Chief Minister stressed on the need for totally eradicating black money.

“We are the biggest market in the world. After the Chinese economy diminished, the world is looking towards India. We are very strong in technology, we have the demographic dividend and also leadership. India is in a position to become a superpower,” Chandrababu said.

  1. G
    ganga
    Oct 13, 2016 at 5:00 pm
    So Babu says it is his men???? Whom he had as a binami???, Or is he asking to take of the 500 & 1000 notes series (which he was bribing an MLA) to get rid of his Case... Dear Babu, request you to please look into ur 19 Sta cases and gooo open for facing trials against them all. Whish this is read by the PM of our great India to let the trials go on
    Reply
    1. P
      patriot
      Oct 12, 2016 at 3:17 pm
      How this CM is so rich now. Almost all politicians of all parties have black money .They rule us with this money. Fun is they blame each other.
      Reply
      1. Rajendra Prasad Avvaru
        Oct 12, 2016 at 5:34 pm
        How much , did you waltz away hard cash through ' Hawala Route ' to Singapore and Swiss Affiliates , Mr.Naidu ? If you are hinting at your rival Jagan , who is another deable character in the Chess-Game of A.P. politics, Mr.Naidu must come out clean as to how he built his present ' empire ' from rags to billionaire level ?
        Reply
        1. S
          satya
          Oct 12, 2016 at 3:46 pm
          Ulta chor kotwal ko daante.. :) Why Chandrababu Naidu rivals only, why not Naidu himself ? Alleging with out proofs is cage age politics.
          Reply
          1. PS Rao
            Oct 13, 2016 at 9:55 am
            good begining is half done.....dia will be blessed under modis leadership.....
            Reply
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