December 22, 2024 15:51 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Mohali building collapse: Death toll rises to 2, many feared trapped for 17 hours | 4-year-old killed after speeding car driven by a teen hits him in Mumbai | PM Modi attends opening ceremony of Arabian Gulf Cup in Kuwait | Jaipur gas tanker crash: Toll touches 14, 30 critical | Arrest warrant against former cricketer Robin Uthappa over 'PF fraud' | PM Modi emplanes for a visit to Kuwait | German Christmas market car attack leaves 2 dead, Saudi Arabian doctor arrested | India, France come together to build world's largest museum in Delhi's Raisina Hill | Canada, US presented no evidence of Indians' involvement in purported criminal acts: Centre informs Parliament amid 'serious allegations' | Delhi Police Crime Branch to investigate FIR against Rahul Gandhi over Parliament tussle

Union Finance Minister says demonetisation benefits will be evident in the long term

| | Dec 02, 2016, at 09:16 pm
New Delhi, Dec 2 (IBNS): Union Finance Minister Arun Jaitley said on Friday that the cash crunch resulting from the scrapping of high value Indian currency is expected to ease by the end of this year, according to media reports.

Jaitley was speaking at the HT Leadership Summit.

The minister said that the security printing of currency is a time-consuming exercise but the Reserve Bank is calibrating the release of the new currency.

He also said though the demonetisation lead to some disruption, the benefits will be realised in the long run.

He said that the demonetisation and the Goods and Services Tax (GST) will act as game changers for Indian economy.


Image: Arun Jaitley Twitter

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.