With 48 hours for demonetisation deadline, the CM panel set up to enforce digital payment is swinging into action.

While speaking to India Today, the 13-member Committee head Chandrababu Naidu mooted the proposal to extend the waiver on card transactions beyond December 30.

"Its time to make digital currency cheaper than the physical currency. We are interested in a long term model for cheaper digital transaction," said Chandrababu Naidu, Andhra Pradesh.

So far the government has announced discounts on payment by debit card/ credit card/ digital wallets for fuel, insurance, railway tickets and toll plazas.

Interestingly, Chandrababu Naidu is the only non BJP CM in the panel, his next step is to rope in the non-BJP states to ensure nationwide cashless economy implementation.

"We are open to taking suggestions from states and Chief Ministers for betterment of the policy. We will also be reaching out to technology experts", said Chandrababu Naidu to India Today.

But even Naidu admits the transition to 'less cash' economy is not an easier one and it will be a daunting task for the government to implement many of the suggestions.

"We can't avoid total cash,yes temporary there is a problem. I also felt very bad. I used to spend time saying there is no breakthrough. Slowly though situation is normalising, but its not sufficient", said Chandrababu Naidu.