Jaitley lists three gains from note ban

Business, Nation No Comments on Jaitley lists three gains from note ban 13

New Delhi, Sep 18 (IANS) Increase in volume of digital transactions, widening of tax base and squeezed circulation of high denomination currency were the real measures of success of demonetisation, Finance Minister Arun Jaitley said on Monday.

The success of the November 2016 note ban came under attack after the Reserve Bank of India revealed that almost 99 per cent of the banned currency had returned to the banks.

“Some circles have lack of understanding and measure success of demonetisation with only how much money reached banks,” Jaitley said here at the launch of Google’s new digital payment app — Tez.

Related Articles

Back to Top

Copyright © 2013 The Avenue Mail. All Rights Reserved. Online edition of The Avenue Mail published by Vimal Agarwal. Editor: Vimal Agrawal. Telephone: +91 657 2442826.
%d bloggers like this: