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This Article is From Jan 11, 2017

Excessive Paper Currency Has Its Own Vices: Finance Minister Arun Jaitley

A number of business and political leaders are expected to attend the 2017 Vibrant Gujarat Summit.

Excessive Paper Currency Has Its Own Vices: Finance Minister Arun Jaitley
Finance Minister Arun Jaitley said excessive paper currency leads to its own temptations.
Finance Minister Arun Jaitley spoke at the Vibrant Gujarat summit in Gandhinagar. A number of business and political leaders are expected to attend the 2017 Vibrant Gujarat Summit.

Here are the highlights:
  • The debate over protectionism is hardly heard in India
  • India's macro-economic data looking up
  • India needs bold decisions, time now to clean up table
  • Difficult decisions initially pass through difficult phases
  • Excessive paper currency has its own vices
  • It leads to its own temptations
  • GST will lead to seamless transfer of goods and services across India

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