Naidu-led panel on demonetisation to hold maiden meeting today

Mumbai: The Central Committee of Chief Ministers and experts on demonetisation-related issues headed by N. Chandrababu Naidu will hold its first formal meeting at the Reserve Bank of India (RBI) headquarters in Mumbai today.

Naidu, convener of the committee said that committee will discuss a whole range of issues related to demonetisation, adding that the focus will be on transforming the country to a digital economy.

He also said that encouraging digital payments is the only solution to the current crisis and spreading digital literacy to at least one member of each family is the key.

Along with Maharashtra Chief Minister Devendra Fadnavis, his Odisha, Madhya Pradesh, Sikkim and Puducherry counterparts, NITI Aayog vice-chairman Arvind Panagariya and Amitabh Kant CEO, NITI Aayog are members of the committee.

This come as a united opposition is leaving no stone unturned in taking potshots at the government post the decision on demonetisation.

Demanding that this decision should be rolled back for not being implemented properly, the opposition parties have also alleged that this exposed the ‘anti-poor’ stand of Prime Minister Narendra Modi-led government as the general public is the worst hit.

The government has recommended the use of cashless methods of payment not only to tide over the cash shortage being experienced by people due to demonetisation but also to curb corruption and generation of black money in the future.