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इंडियन आवाज़     25 May 2024 04:32:58      انڈین آواز

Demonetization gave strong impetus to fight black money: PMO

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AMN

pm-newPrime Minister’s Office today said demonetization has cleansed country’s financial system by giving strong impetus to the fight against black money.

In a series of tweets, the PMO highlighted the success of note ban and said while protecting country’s financial system, the move had given a huge push towards formalisation ensuring better jobs for the poor.

It said the demonetisation added more strength to digital transactions by giving digital payments a significant boost.

The decision also resulted in an unprecedented increase in tax compliance.

The PMO also referred to cheaper loans and affordable homes as an outcome of note ban.

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