1. Government will earn Rs 2-3 lakh crore in taxes: Manohar Parrikar on demonetisation

Government will earn Rs 2-3 lakh crore in taxes: Manohar Parrikar on demonetisation

Due to Prime Minister Narendra Modi's demonetisation move, the Central government will earn at least Rs 2 lakh crore to Rs 3 lakh crore in taxes, Defence Minister Manohar Parrikar said on Sunday.

By: | Panaji | Published: December 18, 2016 10:56 PM
Due to Prime Minister Narendra Modi's demonetisation move, the Central government will earn at least Rs 2 lakh crore to Rs 3 lakh crore in taxes, Defence Minister Manohar Parrikar said on Sunday. (PTI)    Due to Prime Minister Narendra Modi’s demonetisation move, the Central government will earn at least Rs 2 lakh crore to Rs 3 lakh crore in taxes, Defence Minister Manohar Parrikar said on Sunday. (PTI)

Due to Prime Minister Narendra Modi’s demonetisation move, the Central government will earn at least Rs 2 lakh crore to Rs 3 lakh crore in taxes, Defence Minister Manohar Parrikar said on Sunday. “A minimum of Rs 2 lakh to Rs 3 lakh crore in taxes will be collected and once this tax comes to the government, it will help fulfil the needs of the common people and the poor. The Central government will utilise the money to give financial strength to these sections,” Parrikar told a BJP party meeting at Quepem assembly constituency, in South Goa.

Parrikar also said that one of the key aims of the demonetisation move was to strengthen the Indian economy and that the decision had also resulted in huge caches of black money being unearthed.”But the manner in which black money is coming out, even in trucks, is something else. Until now, Rs 700 to Rs 800 crore of black money was caught in currency notes. I do not have to say how many people who have deposited money in banks are going to be taxed,” Parrikar said.

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At the same time, Parrikar also conceded that some amount of hardship had been caused to people, especially in areas where there were fewer bank branches in operation. “We can understand there was hardship. There was some hardship in Goa, but outside Goa, where there are lesser banks, some people may have been troubled more,” he said.

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    Arvindam Kejriwala
    Dec 19, 2016 at 11:22 am
    Mr Parrikar, please do your own job and stop talking about Mr. Jaitley's area. Your government is doing flip-flops and you would be better off keeping silent on the demonetization issue.
    Reply
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      Praveen Sakhuja
      Dec 19, 2016 at 12:28 pm
      It is interesting to note that every leader in government has become financial expert to calculate and boost the demonetizing issue. Jaitly him self is in tizzy to take stock of the latest position who hold Finance port folio, then where Parikar stands, is a big question. Black money is being seized as said by Parikar. He forgets the black money seized is new currency which government has introduced on 9th November 2016. If this is declared as black money then were is the money which government declared as black lying in foreign banks? PM should intervene by directed his team to propagate demonetization and paperless atmosphere BUT not to provide any figures, that defames the activities of government.
      Reply

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