"Digital transaction and demonetisation are absolutely impossible for implementation immediately in Puducherry since basic infrastructures, availability of swipe machines for shops and establishments, branches of banks in rural and semi urban areas were not in place adequately," he told reporters.
Narayanasamy said he had made this clear to Union Home Minister Rajnath Singh at the recent inter-state South Zone Council meeting in Thiruvananthapuram and also briefed Union Finance Minister Arun Jaitely.
He also said the demonetisation of high value currency notes had caused a 'setback' in revenue generation in the union territory.
There was a promising trend of generating more revenue through tourism, industrial development, business and trade sectors. However, post demoentisation, the trade and business had suffered, tourist flow had come down and revenue through sales tax and excise also had plummeted, he said.
Lt Governor Kiran Bedi on Friday ordered the suspension of Registrar of Cooperative Societies A S Sivakumar.