Live
- Participation of women in workforce is a constitutional entitlement: SC
- Sabita, Secretary of the District Legal Services Authority, made a surprise visit to the sub-jail
- Superstars Yash, Rakshit Shetty cast their votes, underline importance of polling
- Hyderabad court denies bail to 3 police officers in phone tapping case
- Apollo Hospitals' unit to raise Rs 2,475 crore from PE firm Advent International
- More than 70 per cent voter turnout in Assam till 5 PM
- Repeated and persistent doubts on EVMs can have contrarian impact of creating distrust: SC
- World Veterinary Day 2024: Celebrating Veterinarians as Guardians of Animal Welfare
- Addl DC Assured Measures to procure paddy
- Civil Engineer held in drug trade in Goa, contraband valued at Rs 8.5 lakh seized
CM favours abolition of Rs.500, Rs.1,000 notes
Corruption could be eradicated by reducing usage of paper currency and abolition of notes of Rs 500 and Rs 1,000 denomination would help in eliminating poverty.
- Move will help eliminate poverty
- Launches Jan Dhan Yojana
- Old age pension to be credited to bank accounts
- Every house to get broadband, 4G, optical fiber connectivity
Rajahmundry: Corruption could be eradicated by reducing usage of paper currency and abolition of notes of Rs 500 and Rs 1,000 denomination would help in eliminating poverty, Chief Minister N Chandrababu Naidu stated here on Thursday.
He recalled that the US was using two per cent of paper currency and Australia three per cent, while launching ‘Pradhan Mantri Jan Dhan Yojana (Mere Khata Bhagya Vidhata), a national mission on financial inclusion, in association with the State government and State-level Bankers’ Committee of AP.
Addressing the gathering, Naidu mentioned that opening bank accounts for everyone in the country would eradicate poverty, terming the scheme as beginning of the end of poverty. Now banks would come to the doorsteps of the poor to provide benefits, like pensions.
The CM announced that old-age pension of Rs 1,000 would be credited to the bank accounts of beneficiaries from October 2. He urged bankers to make use of Aadhaar cover of 96 per cent in the state to expedite opening of accounts.
Deputy CM N Chinarajappa, Finance Minister Yanamala Ramakrishnudu, CMD of Andhra Bank and State-Level Bankers’ Committee CVR Rajendran, Principal Secretary (Finance) and Mission Director PV Ramesh, East Godavari Collector Neetu Prasad, MPs M Murali Mohan, Thota Narasimham, and Pandula Ravindra Babu, ZP Chairman N Rambabu, MLCs and MLAs were present.
