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

IANS 18 Dec, 2016 Economy Demonetisation, Manohar Parrikar

Union Defence Minister Manohar Parrikar. (File Photo: IANS)

Panaji, Dec 18 – 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.

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.

Post Views: 891

Previous Post 22 vehicles torched near Imphal, violence spreads, curfew imposed

Next Post Book Review: Love Voltaire Us Apart – A Philosopher’s Guide to Relationships

About The Author

IANS

In Partnership with Indo-Asian News Service. For clarifications/queries, please contact our News Desk at contact@causticnews.com

Notice: Undefined variable: args in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/fbcomments.php on line 2

Notice: Undefined variable: totpost in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/fbcomments.php on line 11

Notice: WP_Query was called with an argument that is deprecated since version 3.1.0! "caller_get_posts" is deprecated. Use "ignore_sticky_posts" instead. in /home/causticn/public_html/wp-includes/functions.php on line 4130

Notice: Undefined variable: resizer_width in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/related-posts.php on line 38

Notice: Undefined variable: resizer_height in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/related-posts.php on line 38

Inflation, fiscal uncertainty induced RBI to hold rates

Urjit Patel had recommended key interest rate unchanged at 6 per cent

Read Story
Notice: Undefined variable: resizer_width in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/related-posts.php on line 38

Notice: Undefined variable: resizer_height in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/related-posts.php on line 38

India loses 6% GDP annually due to unsanitary conditions: Venkaiah Naidu

The lack of sanitary conditions in India has a serious economic consequence

Read Story
Notice: Undefined variable: resizer_width in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/related-posts.php on line 38

Notice: Undefined variable: resizer_height in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/includes/templates/related-posts.php on line 38

Multiple rates a key problem with present GST : Bibek Debroy

Bibek Debroy said that one of the key problems with the present GST regime is its multiple rates structure.

Read Story

Entertainment

Notice: Undefined variable: resizer_width in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/single.php on line 131

Notice: Undefined variable: resizer_height in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/single.php on line 131

So much to learn from Anupam Kher, says Riteish

IANS Dec 20th, 2017 0 Comment

Riteish Deshmukh says there is a lot to learn from veteran actor Anupam Kher

Read Story

‘Aiyaari’ will be one of my best films, says Manoj Bajpayee

Shankar Mahadevan enjoys complete freedom with ‘MTV Unplugged’

Recipe

Notice: Undefined variable: resizer_width in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/single.php on line 253

Notice: Undefined variable: resizer_height in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/single.php on line 253

Savour mouth-watering specialties of Old Delhi in Gurgaon

IANS Apr 12th, 2016 1 Comment

Mouth-watering specialties of Old Delhi – The Fortune hotel’s Zodiac restaurant here has come up with a ‘Purani Dilli ki Galiyan’ festival

Read Story

Indian Butter Chicken (Murgh Makhani)

Capsicum Rice

Lifestyle

Notice: Undefined variable: resizer_width in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/single.php on line 372

Notice: Undefined variable: resizer_height in /home/causticn/public_html/wp-content/themes/magExpress.1.5.1/single.php on line 372

I don’t feel like 50-year-old man: Shah Rukh

IANS Dec 20th, 2017 0 Comment

Shah Rukh Khan said that he is motivated to entertain his fans

Read Story

Baking is my first love: Maria Goretti

Jessica Chastain applauds Salma Hayek

Notice: Theme without comments.php is deprecated since version 3.0.0 with no alternative available. Please include a comments.php template in your theme. in /home/causticn/public_html/wp-includes/functions.php on line 4069