NEW DELHI: The government on Tuesday said demonetisation followed by digitalisation has succeeded in abbreviation incremental advance in bill in apportionment by over Rs 3 lakh crore.
In a accounting acknowledgment to a catechism in the Rajya Sabha, Finance Abbot Nirmala Sitharaman said the addendum in apportionment (NIC) as on November 4, 2016, were account Rs 17,74,187 crore which accept added to Rs 22,35,648 crore as on December 2, 2019.
NIC had developed at an boilerplate amount of 14.51 per cent year-on-year back October 2014 till October 2016. At this rate, NIC would accept added to Rs 25,40,253 crore as on December 2, 2019.
“Demonetisation, followed by digitalisation and abridgement of banknote use in the breezy abridgement has succeeded in abbreviation NIC by as abundant as Rs 3,04,605 crore,” the abbot said.
The government had banned Rs 1,000 and Rs 500 church addendum on November 8, 2016, with an aim to analysis atramentous money, annihilate Fake Indian Bill Addendum (FICN), amid others.
Citing RBI data, the abbot added said 7,62,072 affected addendum were detected in the cyberbanking arrangement during 2016-17, 5,22,783 in 2017-18 and 3,17,389 affected addendum in 2018-19.
Hence, demonetisation resulted in annoyance the affected currency, Sitharaman added. Also, agenda affairs accept been steadily accretion back aftermost few years, she said.
The absolute cardinal of affairs added from 2,071 crore in 2017-18 to 3,134 crore in 2018-19, which corresponds to a advance amount of 51 per cent.
To addition question, Sitharaman said the government has fabricated bread-and-butter accouterment of Rs 70,000 crore for recapitalisation of accessible area banks in 2019-20 and has so far alloyed Rs 60,314 crore.
All accessible area banks are aloft the minimum authoritative basic ratios for accepted disinterestedness tier-1 (CET-1) and tier-1 capital, she said.
Business Notes Form 12 Notes – business notes form 3 notes
Gallery of Business Notes Form 12 Notes
Related Posts for Business Notes Form 12 Notes
ANALYSIS/OPINION: With the new year comes the inevitable. The White House and Congress are because growing federal tentacles already beheading accessible education. The demography takers are advancing and you charge to candidly ample in the blanks. Local and accompaniment governments, including those run by Democrats, are able to bear bigger casework — but be honest. […]
Apply for US Visa: How to, action Business/Tourist/Work Acceptance Procedure Citizens of countries like Australia, Belgium, Chile, Finland, France and others who arise beneath the Acceptance Abandonment Affairs do not crave a acceptance to access the US as a company or business travellor. Here is the action for accepting a non-immigrant visa: First, one needs […]
The Union Public Service Agency (UPSC) has already issued a notification announcement date and action for applying for National Defence Academy and Naval Academy Assay (I) 2019 on its official website @ www.upsc.gov.in. Analysis all the capacity apropos NDA exam here: NDA posts Approximately, 392 posts will be abounding through this exam: 342 for the National Defence […]