Telangana to lose 2000 cr monthly with ban of Big notes

kcr-governorTelangna Chief Minister Sri K Chandrashekar Rao met the Governor Sri ESL Narasimhan to reprise the present situation in the state after Prime Minister Narendra Modi announce to ban Rs.500 and Rs.1000 notes.

During their four-hour meeting,KCR and the Governor discussed several issues pertaining to the state. Both of them have reportedly discussed the situation after ban of Big notes.

KCR has informed that Real Estate industry is worst hit with the denomination of Big notes in the state. The registrations of properties have come down drastically. The car sales and other sales have also come down.The Telangana state is likely to lose 2000 Crores per month with this move of the central government.

KCR also discussed with the Governor about the grant that is still pending at the center .