Updated By: LatestGKGS Desk
Hyderabad individual black money lncome Disclosure Scheme 2016
CM of Andhra Pradesh CHandrababu Naidu disclosed a Hyderabad individual with Rs.10,000 crore from Income Disclosure Scheme
The Chief Minister of Andhra Pradesh N Chandrababu Naidu has disclosed black money in its press conference in Velagapudi.
He claimed that out of 65,000 crore black money 13,000 crore is declared in Hyderabad and 10,000 crore belongs to a single individual.
He stated that politics has become a shelter for corrupt people and black money earners, some people are misusing the money of the citizens.
CM to write a letter to ban Rs.1000 and Rs.500 notes to promote bank transactions
He also stated that he will write a letter to Prime Minister to obliterate the use of Rs.1000 and Rs.500 notes from the country.
According to him, by abolishing the notes total bank transactions will be promoted, the lust of money will be gone and the people will earn money in a genuine way.
Recently, he also disclosed an Income Disclosure Scheme to curb the money with the people and to have the information regarding black money.
