Centre sets up panel of CMs on ways to normalise situation

The Centre has decided to constitute a committee with Chief Ministers of five states to suggest measures to normalise the situation in the wake of demonetisation of Rs 500 and Rs 1,000 denomination notes.
Union Finance Minister Arun Jaitley called Andhra Pradesh Chief Minister N Chandrababu Naidu over phone this afternoon and asked him to head the five-member committee, sources in the Chief Minister's Office here said.
No other details about the committee were immediately known.
It may be recalled that Chandrababu was the only top political leader to have constantly sought a ban on Rs 500 and Rs 1,000 currency notes.

Though he welcomed the Centre's November 8 decision of scrapping Rs 500 and Rs 1000 notes, Chandrababu took exception to the introduction of Rs 2,000 note.