FinMin Arun Jaitley thanks people for support through demonetisation period, says tax collections visibly up

Finance Minister Arun Jaitley on Thursday revealed the government’s health report in a press conference and thanked the people for support through the difficult time induced by note ban.

The report comes on the 51^st day of demonetisation and days ahead on Union Budget. 

Here are the highlights: 

#Gross direct tax collections growing at a rate of 14.4% over last year. This growth rate was only 8.3% previous year

#Remonetisation has advanced, not even a single incident of unrest reported. Things will be better than what they were in last 6 weeks or so

#Till 30 Nov increase of 26.2% in central indirect tax; including increase of 43.5% in excise duty, 25.7% in service tax, 5.6% in custom duty

#What comes to banks is accountable; impact on tax collection already visible: FM Jaitley

#Not withstanding what critiques predicted, in all segments there has been significant increase in indirect taxes: FM

#Large benefits of the move are visible, what is in banks is identifiable impact on tax collection already visible: FM

#The Rabi crop sowing is 6.3% higher as compared to last year: Finance Minister Arun Jaitley

#The net increase seen on direct taxes is 13.6% : Finance Minister Arun Jaitley

#RBI has large amount of currency available, major part of currency has been replaced. More of Rs 500 notes coming in circulation: FM Jaitley

#We are extremely grateful to the people of India who supported demonetisation move: Finance Minister Arun Jaitley