PM's idea of cashless economy unrealistic: Omar Abdullah

Posted By: PTI
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Former Jammu and Kashmir Chief Minister Omar Abdullah on Sunday termed idea of Prime Minister's idea of cashless economy as unrealistic. He was speaking on the idea of a cashless economy as floated by Prime Minister Narendra Modi in his 'Mann Ki Baat' radio address, saying internet connectivity in the state was unreliable.


"I'd love to move to a cashless economy but given the reliability of connectivity in J&K & the absence of points of sale I fear I'd starve," he tweeted.

{Also Read: Embrace e-banking, mobile banking: Modi]

The National Conference Working President said it was an unrealistic idea especially for the people living in remote areas of the state. "And I live in Srinagar. Imagine asking people in Gurez, Karnah, Keran & other remote areas to dispense with cash!!! Totally unrealistic idea," he said.


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