Demonetisation behind buoyancy in tax collections: RBI MPC member Ashima Goyal2 min read . Updated: 23 Oct 2022, 11:48 AM IST
Noting that demonetisation had short-term costs but some long-term benefits, Ashima Goyal said it enhanced digitisation and formalization in the economy and reduced tax evasion, although all this has further to go.
RBI Monetary Policy Committee (MPC) member Ashima Goyal has said that demonetisation has attributed to the rise in tax collections. She further added that this will help the nation move towards the ideal situation where low taxes are levied on a large base.
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