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Free mobiles to aid cashless transactions: AP govt

By Newsd
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Andhra Pradesh Chief Minister N Chandrababu Naidu has planned a move that he claims would help in this time of demonetisation chaos. The Andhra Pradesh government is planning to distribute free mobile phones to enable economically-backward people to undertake cashless transactions in the wake of the ongoing currency crisis.

“Everybody needs a mobile phone for digital transactions, so we want to implement this idea and distribute mobile phones,” the CM said during a review meeting with RBI officials and bankers on Thursday.

In a meeting attended by RBI representative Hari Sankar, Andhra Bank deputy general manager G S V Krishna Rao and other senior officials, the Chief Minister asked the bankers to review the demonetisation situation constantly with their top officials through teleconference, till the problem eased out.

RBI officials informed the Chief Minister that another Rs 3,000 crore worth new currency notes were expected to reach the state by November 28. Of this, notes of smaller denominations were expected to be around Rs 60 crore, they said.