Saturday , December 3 2016

AP CM Chandra Babu Naidu Writes to Centre, Demands Rs 10,000 Crore in Smaller Denominations

Mr. Naidu also required waiver of user charges on all the online transactions and supply of ‘point of sale’ swiping machines.

chandrababu-naidu
Andhra Pradesh Chief Minister N. Chandrababu Naidu.

Vijayawada: In the wake of currency crunch caused by the demonetization of Rs 500 and Rs 1,000 notes, Andhra Pradesh Chief Minister N Chandrababu Naidu on Friday night wrote to the Centre listing a set of demands, including the release of cash worth Rs 10,000 crore in smaller denominations for the state.

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He also wanted waiver of user charges on all online transactions and supply of ‘point of sale’ swiping machines at a subsidy of 80 percent.

“Treat AP as a special case and release smaller denomination notes to meet the people’s needs,” Chandrababu wrote in the letter.

The Chief Minister earlier appraised the situation with RBI officials, bankers and state officials here tonight.

“We will bring whatever the cash is required for the people of the state. People also should the make use of technology and cooperate with the government in this hour,” Chandrababu told reporters later.

Online transactions would curb the corruption, he said, adding that henceforth all government transactions would be only online.

“From December 1, we will start a cashless ration distribution through the 29,000 fair price shops,” he said.

Noting that people were apprehensive about security issues in online transactions, the Chief Minister Chandrababu said he has requested the Centre to link all bank accounts with Aadhar card and iris imprint and fingerprints.

“Right now user charges are being levied heavily on online transactions and PoS machines. The user charges must be waived and people are given incentives to encourage cashless transactions,” Chandrababu added.

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