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Demonetisation Anniversary: I Bow To People Of India, Says PM Narendra Modi, Opposition Calls It 'Black Day'
Nov 08, 2017 08:53 (IST)
Did Demonetisation Increase Tax Base? Not Really
If the government is to be believed, the ban on high-value currency led to a significant surge in India's tax base over the past year. To back this claim, the government has released a deluge of data. Including the claim that that there was a 25 per cent increase in tax returns in the April-August 2017 period, compared to the same period last year. But the surge is not unusual given what demonetisation was meant to achieve.

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