CM’s Committee on Demonetization – Snippets From Meeting 1

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CM Sri N Chandrababu Naidu is now chairing the special committee of CM’s on demonetization. Mr Naidu’s out of the box thinking to address the issues surrounding cashless revolution and digitization had left an impressionable impact on the meeting group. Finance minister Arun Jaitley himself acknowledged that CM’s suggestions were nothing short of a policy make in themselves.

The first meeting was successfully concluded with some important suggestions and points of action.

Here are the excerpts from the 1st meeting of the Committee of CMs on demonetization

The following issues were discussed:

– Plans to promote and encourage digital payments down to the grassroots.

– Plans on gradually transforming the country into a digital economy.

– The “best practices” like AP Purse mobile App, ePoS- enabled ration distribution were stated by AP Chief Minister at the meeting.

– Focus on Aadhar-enabled transactions, RuPay cards and opening of Jan Than accounts for the ‘unbanked’ population.

– Efforts to be made to ensure customers & merchants both find it more attractive to use digital payments instead of cash transaction.

– NITI-driven 360 degree campaign to inform Indian on different modes of digital payments

– NITI-driven committee, along with CMs Sub-committee, to explore all possibilities to solve problems in transitioning to digital payments

Context of the meeting:

Following the pro-active measures Chief Minister N. Chandrababu Naidu has taken to tide over the demonetisation crisis, the Centre had appointed AP CM as the Convener of the Committee of CMs to tackle the crisis.

Chief Ministers Shivraj Singh Chouhan (Madhya Pradesh), Devendra Fadnavis (Maharashtra), Navin Patnaik (Odisha), Pawan Kumar Chamling (Sikkim), V Narayanasamy (Puducherry) and NITI Aayog Vice-Chairman Arvind Panagariya, among others, are members of the panel.

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