Post Demonetization of Rs.500 and Rs.1000 notes, which had a severe impact on the lives of the people, Telangana Chief Minister K. Chandrasekhar Rao planning for a cashless system .
KCR held a review meeting with Finance Secretary Ramakrishna Rao to prepare a detailed note on the impact of Demonetization . He asked Finance Dept to prepare a detailed note wrt effects of demonetization on State to be circulated to all Cabinet Ministers
Telangana government on Sunday set up a five-member committee to prepare a policy for cashless e-payment system . He also asked the CS to instruct the collector to discuss with the bankers to educate people to move towards cashless transactions in future.