PM Narendra Modi's idea of cashless economy unrealistic: Omar Abdullah

Srinagar: Former Jammu and Kashmir Chief Minister Omar Abdullah on Sunday termed as "unrealistic" 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.

The National Conference (NC) 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.

Firstpost is now on WhatsApp. For the latest analysis, commentary and news updates, sign up for our WhatsApp services. Just go to Firstpost.com/Whatsapp and hit the Subscribe button.

Updated Date: Nov 27, 2016 15:29:35 IST

Also See