Tuesday, 16 May 2017

Demonetisation, GST historic acts of NDA regime

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Terming demonetization and Goods and Services Tax (GST) as "two historic decisions" of the Narendra Modi government, Union Minister Nitin Gadkari on Monday said the revenue receipt will rise to Rs 30 lakh crore in the coming years.

Participating in India TV's 'Samvaad' program, the Road Transport, Highways and Shipping Minister said that the Modi government's decision to demonetize the Rs 500 and 1,000 currency notes had contributed Rs 7 lakh crore growth in revenue.

"When we formed the government, the revenue receipt was Rs 13 lakh crore. Now the revenue receipt is Rs 20 lakh crore. Demonetisation majorly contributed to this growth of Rs 7 lakh crore. I am sure GST will also contribute in this.

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