Post-demonetisation, there were expectations that the government would use the gains to boost economic growth. But there remains no clarity on what were the gains. Shaktikanta Das, secretary of the Department of Economic Affairs, assures Lola Nayar that a huge tax inflow is expected, either as voluntary disclosure or as penal tax. Excerpts from an interview:
Video by Jitender Gupta; Edited by Suraj Wadhwa
The 2017-18 budget speaks about low resource generation and more steps to curb the generation of black money. Is the shift to digital payments robust enough to make a meaningful difference as cash transactions without sale receipts are continuing?
What was talked about were revenue receipts, particularly tax receipts, which have...