Andhra Pradesh CM N Chandrababu Naidu to head CMs Committee on Demonetisation

Posted on:29 Nov 2016 10:44:45
Andhra Pradesh CM N Chandrababu Naidu to head CMs Committee on Demonetisation
29 November 2016 Current Affairs: The Union Government has decided to constitute a sub-committee of Chief Ministers of five states in the wake of demonetisation of Rs 500 and Rs 1,000 denomination notes. 

The committee will be headed by Andhra Pradesh CM N Chandrababu Naidu. 

It will  suggest measures to normalise the situation. Union Finance Minister Arun Jaitley has called up Bihar CM Nitish Kumar, Karnataka CM Siddharamaiah, Assam CM Sarbananda Sonowal and Maharashtra CM Devendra Fadnavis to be part of the committee.

 Since demonetisation of Rs 500 and Rs 1,000 denomination notes was announced by the Union Government, Andhra Pradesh CM N Chandrababu Naidu government has been effectively tackling the cash crisis in the state. 

He has come up with several alternatives to encourage mobile and online transactions besides distributing small change at vegetable markets as an immediate relief to the people. As a long-term measure, Andhra Pradesh government has roped over 90 lakh members from co-operative sector in villages and towns to undertake statewide campaigns on online transactions.  

Under it, as many as 5,000 women are being trained as master trainers to train 90 lakh women. The state government is also designing a mechanism that makes ordinary phones do money transactions. The government will distribute such phones to families which do not have one.

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