Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.———सविस्तर माहितीसाठी इकॉनॉमिक टाइम्स मधील बातमी वाचावी.

Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report.

During 2016-17, India generated additional tax revenues as unreported cash identified both through the amnesty scheme and demonetisation were brought under the tax net.

Gross tax revenue, including states’ share, surpassed budgeted target (of 10.8 per cent) at 11.3 per cent, which was mostly due to higher-than-expected excise collections on petroleum products.

via Note ban: Successful Demonetisation will help up revenues in long run: World Bank – The Economic Times