Successful Demonetisation To Help Increase Revenue In Long Run: World Bank

New Delhi: Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, according to a report by World Bank. 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 the states' share, surpassed a budgeted target (of 10.8 per cen...