<h1>Finance Minister Highlights Positive Economic Impact of Demonetisation; Increased Tax Collections and Economic Activity Observed.</h1> The Finance Minister stated that the effects of demonetisation were not as severe as critics predicted, highlighting a significant increase in tax collections and economic activity, including winter crop sowing. As the 50-day deadline for depositing the invalidated 500 and 1000 rupee notes approached, he noted the smooth progress of the remonetisation process without unrest in the country. Despite the positive developments, he did not speculate on the GDP growth for the year or the potential impact on tax proposals in the upcoming 2017-18 Budget due to increased revenue collections.