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50 per cent reduction likely in tax collection following currency note ban: Sisodia

India Blooms News Service | | Dec 04, 2016, at 01:05 am

#Currency ban #Manish Sisodia #Tax collection #Delhi government #Narendra Modi

New Delhi, Dec 3 (IBNS): Delhi Deputy Chief Minister Manish Sisodia on Saturday said the move of banning old Rs. 1000 and Rs. 500 currency notes by the Centre last month may led to a reduction of almost 50 per cent in tax collections.

"Tax collection can be 50% low this month as there is no business in Delhi markets. If so, it would b hard to pay salaries of govt employees," Sisodia tweeted.

The Centre on Nov 8 announced the move to ban Rs. 500 and Rs. 1000 currency notes.

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