Insight: FM Arun Jaitley hints at lower taxation post demonetisation
The first indicator of how the govt intends on bringing acche din for the country after December 30th is here.
Finance minister Arun Jaitley has stated that India will have to move to a lower level of taxation to be globally competitive, indicating a much lesser burden on the people post the demonetisation period.
With a significant amount expected to swell into the centre’s treasury once the currency exchange is complete, the question now remains as to where and how the govt will look to ‘invest’ it.
For now, the Centre has made it clear that it will keep the interests of the people paramount, but the opposition remains sceptical.
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