PM Modi’s idea of cashless economy unrealistic, says Former J&K CM Omar Abdullah

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.

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