Demonetisation is the biggest success says BJP

Jammu: Vaishno Devi pilgrims showing demonetized 500 and 1000 rupees notes in Jammu on Wednesday. PTI Photo (PTI11_9_2016_000308A)
Vastavam web:  The BJP today rejected the opposition’s criticism of demonetisation, saying it has been the “biggest success” as it has proved to be a major step towards establishing a “clean and honest” economic order.All suspected black money transactions with banks are under the government’s scanner and those found having deposited unaccounted cash will be taxed. It will give a boost to revenue collection, Union minister Piyush Goyal said.Dismissing the opposition’s attack on the government, Goyal claimed that those criticising the measure do not understand economics.
Demonetisation instilled a sense of “fear” among tax evaders and increased compliance among people, leading to the “success” of the Goods and Services Tax.”It has been a big step towards creating a clean and honest economic order,” he said, adding that it has led to a huge increase in digital transactions.