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Arun Jaitley Defends Demonetization, Posts Facebook Blog on Good Things It Did
September 14, 2018
Since the day RBI issued annual report containing the final data on demonetization, the central government has been facing flak from the opposition which raised big questions on the massive miss of the note-ban. However, Union Finance Minister Arun Jaitley recently took to Facebook to defend the initiative that took the entire nation by storm. He published a blog on the social media platform in which he highlighted some of the benefits of the initiative. He said that it had led to an increase in income tax returns from 19% to 25%, higher growth, and more money in the system.
Photo credit: U.S. Embassy New Delhi on Visualhunt.com / CC BY-ND
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