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5.4 Lakh new tax payers added post demonetization: CEA Arvind Subramanian


5.4 Lakh new tax payers added post demonetization: CEA Arvind Subramanian

New Delhi, Aug 11 (ANI): Chief Economic Adviser Arvind Subramanian on Friday said that about 5.4 lakh new tax payers have been added post demonetisation period. While speaking at the Economic Survey 2016-17, Arvind praised the Goods and Services Tax (GST) and called it an astonishing feat of administration.

He also said that farmer loans are going to have a deflationary, not inflationary effect if states' borrowing limit is not raised.

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