Finance Minister Arun JaitleyFinance Minister Arun JaitleyWith Prime Minister Narendra Modi's 50-day deadline on easing the demonetisation pain only a day away, Finance Minister Arun Jaitley on Thursday said that tax collection in November increased following demonetisation.
"Till December 19, direct tax mop-up rose 14.4 per cent, indirect tax grew 26.2 per cent; central excise up 43.3 per cent and customs collection was up by 6 per cent," FM Jaitley said while addressing the media.
"RBI has very large currency available, large part of currency have been replaced and more notes of Rs 500 being released," Jaitley added.
Finance Minister Arun Jaitley further said that remonetisation has substantially advanced and not a single incident of unrest reported after the move. "Critical part of remonetisation is now behind us, it will be much better, going forward," he added.
ALSO READ: Demonetisation impact: Note ban plays party pooper
Reassuring the public on the health of economy, FM Arun Jaitley said that Life insurance business is up, petroleum consumption has increased and so have tourism and investments in mutual funds.
Inside the India-US interim agreement: Reciprocal tariffs on India to come down to 18%, 0% duty on generic pharma
'Think about it': Deepak Shenoy warns indices mask stress as majority of Nifty 500 stocks lag
NSE IPO: NSE board approves long-delayed listing plans; IPO to have equity shares of face value Re 1
IDBI Bank stake sale: Financial bids received; evaluation underway, says FinMin
Bitcoin avoids $60,000 breakdown, still down over 50% from record high 
RBI Says Trade Deals With EU, US & Others Strengthen India’s External Sector Outlook
Jeffrey Sachs Praises Modi On India-US Trade Deal: “Trump Blinked, India Must Not Depend On U.S.”
Agra’s ₹127 Cr Housing Project In Ruins: Flats For Poor Rot Before Occupation
RBI Credit Policy LIVE Analysis | Aditya Pagaria Explains Rate Pause Impact
TeamLease Q3 Results: Profit Jumps 47% As Margins Improve Despite Headcount Loss
'Think about it': Deepak Shenoy warns indices mask stress as majority of Nifty 500 stocks lagBitcoin avoids $60,000 breakdown, still down over 50% from record high NSE IPO: NSE board approves long-delayed listing plans; IPO to have equity shares of face value Re 1
Max Healthcare discontinues patented cancer drugs, writes to CGHS to review pricing
NSE Q3 net profit falls to Rs 2,408 crore; PAT up 15%, total income rises 6% QoQ