You are here: Home » News-IANS » Politics
Business Standard

Telangana forms panel on cashless system

IANS  |  Hyderabad 

Reeling under the impact of demonetisation, the government on Sunday set up a five-member committee to work out modalities for preparing a policy towards cashless e-payment system.

The panel comprises senior IAS officers Suresh Chanda, Navin Mittal, Jayesh Ranjan and collectors Raghunandan and Surendra Mohan.

Santi Kumar, Principal Secretary to the Chief Minister, will be in the committee representing CMO.

The committee will also prepare a job chart for the collectors on facing any grave situation like the present and place before the cabinet, which will be meeting on Monday to discuss the impact of

Chief Minister K. Chandrasekhar Rao, who held a review meeting on Sunday, also asked the Finance Secretary Ramakrishna Rao to prepare a detailed note on the impact, implications and other aspects of of high denomination notes on the state to be tabled before the cabinet.

The cabinet will also discuss measures to be taken to overcome problems faced by people due to the move.

The Chief Minister said that the government couldn't be a mere spectator to the situation arising out of the demonetisation.

"There cannot be any stalemate in transactions since it is concerned to lakhs of people in the state," a statement from CMO quoted him as saying.

He emphasised the need to take effective measures by the state government to overcome the problems.

The Chief Minister also asked Chief Secretary Rajeev Sharma to gear up the collectors and instruct them to discuss with the bankers to educate people to move towards cashless transactions in future.

Reiterating the need to help people, he said that the Finance Department should work out on what they would do and what the government do as a whole, he added.

Sharma had said last week that the state may suffer a revenue loss of over Rs 3,000 crore during current financial year due to demonetisation.



(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sun, November 27 2016. 20:46 IST