Finance Minister Arun Jaitley has spoken to Andhra Pradesh Chief Minister N Chandrababu Naidu to head the chief ministers' panel, for which Bihar Chief Minister Nitish Kumar and Odisha Chief Minister Naveen Patnaik are also being co-opted.
Sources said Jaitley had spoken to all the three chief ministers. Incidentally, the three were among the first to back Prime Minister Narendra Modi's announcement of junking old Rs 500 and Rs 1,000 notes.
Besides assessing the public impact, it is also to come up with a road map towards a cashless economy.
Madhya Pradesh Chief Minister Shivraj Singh Chouhan would also be part of the committee. However, there is no decision on who will be picked from Congress and Left-ruled states.
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The sources said names of chief ministers of Puducherry and Himachal Pradesh, V Narayanasamy and Harish Rawat, respectively, have been mooted from among the Congress fold.
In Parliament, the Congress has joined ranks with other
Their combined show of strength has led to stalling of proceedings for the eighth day today.
According to the sources, the chief minister's committee is being discussed at the Prime Minister's Office (PMO) level and an announcement is likely once all the names have been agreed upon.
It is not immediately clear if the Congress and the CPM will join the committee, given their bitter opposition to Prime Minister Narendra Modi's November 8 announcement to withdraw old 500 and 1,000 rupee notes.
While Sharad Yadav of the JD(U) has opposed the demonetisation in the Rajya Sabha, Nitish Kumar has supported the move as he is convinced that the move would help fight the menace of black money.
The constitution of the panel is meant to counter the Opposition charge that the government did not take them into confidence while announcing the sweeping measure.