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News18 » India
1-min read

Telangana Cabinet To Discuss Impact Of Demonetisation On Monday

Chief Minister K Chandrashekhar Rao asked the Chief Secretary of the state to instruct Collectors to hold talks with bankers on cashless transactions and educate people about the move so that they can adapt themselves to the change in near future.

Sakshi Khanna | CNN-News18

Updated:November 27, 2016, 11:08 PM IST
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Chandrasekhar Rao (right), PM Modi
In this file photo, Telangana Chief Minister K. Chandrasekhar Rao (right) greets Prime Minister Narendra Modi. (Photo: PTI)

Hyderabad: The Telangana state Cabinet will meet in state Secretariat in Hyderabad on Monday at 2.30 pm to discuss the impact of demonetisation drive on the state and its people. The Cabinet will also discuss several measures to be taken to overcome problems faced by people due the ban imposed on old Rs 500 and 1,000 currency notes.

On Sunday, Chief Minister K Chandrashekhar Rao held a review meeting on the eve of the Cabinet meeting. The chief minister said the government couldn’t be a mere spectator to the situation. “There cannot be any stalemate in transactions since it is concerned to lakhs of people in the state,” he said.

The CM also elicited the opinions and suggestions of the participants on the issue.

Rao asked the Chief Secretary of the state to instruct Collectors to hold talks with bankers on cashless transactions and educate people about the move so that they can adapt themselves to the change in near future.

The chief minister also reiterated the need to help people. The finance department should work out on what they would do and what the government do as a whole? In this regard, a five-member committee was constituted to work out modalities for preparing a policy towards cashless e-payment system. The five-member committee included Senior IAS Officers Suresh Chanda, Navin Mittal, Jayesh Ranjan and Collectors Raghunandan and Surendra Mohan. Santi Kumari, Principal Secretary to CM, will be in the committee representing CMO. The Committee will also prepare a job chart to the Collectors to face any grave situation like the present demonetization and place before the Cabinet.

Rao also asked Finance Secretary Ramakrishna Rao to prepare a detailed note on the impact, implications and other aspects of demonetisation of high denomination notes on the State to be tabled before the State cabinet on Monday. This would help the cabinet to take a view on issue.

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| Edited by: Bijaya Das
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