Union finance minister Arun Jaitley on Wednesday expressed his confidence in Aadhaar, saying the legislation will stand the test of constitutionality.
While speaking at Conclave on Financial Inclusion by United Nations in Delhi, Jaitley said the full potential of Aadhaar was not realized when it was brought in, but it was an evolving idea.
The finance minister said there is an emphasis in India particularly after Demonetisation to reduce the quantum of cash in society.
Backing the demonetisation move, he said the volume of cash has reduced, the tax base has increased and the economy has more formalised.
I am sure the Aadhaar legislation will stand the test of constitutionality: Finance Minister Arun Jaitley pic.twitter.com/8Z1Dyu9ybf— ANI (@ANI) September 13, 2017
Jaitley said zero balance accounts under PM Jan Dhan Yojana have come down to 20 per cent from 77 per cent in last 3 years.
Results of demonetization- volume of cash reduced, tax base increase, more formalisation of the economy: Arun Jaitley,Finance Minister pic.twitter.com/nezUW1UcpK— ANI (@ANI) September 13, 2017