National

Demonetisation: Telangana weighing options to tackle situation

M Somasekhar Hyderabad | Updated on January 15, 2018 Published on November 28, 2016

Reeling under the impact of demonetisation, Telangana, the youngest State in the country has set up a 5-member Committee to study the impact and suggest ways to tackle the situation.

Post the November 8 decision by Prime Minister, Narendra Modi Government to demonetise Rs 500 and 1000 currency notes, the State has seen a sharp dip in collections of revenue earning departments with the exception of municipal bodies and utilities.

Chief Minister, K Chandrasekhara Rao, who had reviewed the implications a week after the announcement had also expressed the apprehensions about payment of salaries in full to the Government employees. His Chief Secretary Rajiv Sharma a few days ago requested the Centre to allow cash payments of a certain percentage to tide over the situation for the month.

The Committee consisting of senior bureaucrats will work out modalities and prepare a policy to help the State move towards cashless transactions. It will present interim views to a Cabinet meeting called for Monday, where the CM will have exhaustive discussions with his ministerial colleagues.

An effort has been launched to involve the district collectors, bankers and other stakeholders to address the issues of the common people and work out action plans to prepare the people for e-payment.

Published on November 28, 2016

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