Loot was 2G, CWG and coal allocation, not demonetisation: Jaitley hits back at Manmohan

Defending the government's decision to demonetise high value currency last year, Finance Minister Arun Jaitley on Tuesday said that demonetisation cannot be a one-stop solution to cleanse all corruption, but it did give a "new direction" to economic and financial decisions.

07 November 2017

16:05 IST

Making India a less-cash, higher tax base economy were objectives of demonetisation. Tax payers, digital transactions increased in a year. Demonetisation met the objective of reduction in cash circulation, with Rs 3.89 lakh crore less cash in economy now than in 2016, says FM Jaitley

16:01 IST

Resource availability increased with respect to more money in banks, mutual funds, insurance, capital markets in the last 1 year: Jaitley