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Arun Jaitley: Thanked people for supporting demonetisation

 2016-12-29 11:21:19.0

finance-ministert-arun-jaitely NEW DELHI: Finance minister Arun Jaitley on Thursday said that remonetisation has advance substantially and the RBI has a large amount of currency available with it. "A large part of the demonetised currency has been replaced and more new notes of Rs 500 are being released for the circulation," Arun Jaitley said today. Jaitley thanked people for supporting demonetisation and said that not a single incident of unrest has been reported over junked notes of Rs 500 and Rs 1,000. The finance minister said that large benefits of the demonetisation move are visible now and there is identifiable impact on tax collection already. "Notwithstanding what critics predicted, there has been a significant increase in tax collection in all segments," Jaitley said. "Till December 19, direct tax mop-up rose 14.4%, indirect tax grew 26.2%, central excise is up 43.3%," he said. Jaitley said that "critical part of remonetisation is now behind us and it will be much better, going forward."

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