https://www.taxtmi.com/news?id=17076 The statement frames demonetisation as a policy to reduce reliance on cash by withdrawing high-denomination notes, bringing large sums into the banking system, enabling identification and recovery of unpaid taxes, increasing digital transactions that widen the tax base, improving banking liquidity, and lowering opportunities for cash-based corruption and illicit activity, while warning of monitoring and enforcement against attempts to subvert the process. en-us Wed, 14 Dec 2016 11:21:05 +0530 Wed, 14 Dec 2016 11:21:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=17076 The statement frames demonetisation as a policy to reduce reliance on cash by withdrawing high-denomination notes, bringing large sums into the banking system, enabling identification and recovery of unpaid taxes, increasing digital transactions that widen the tax base, improving banking liquidity, and lowering opportunities for cash-based corruption and illicit activity, while warning of monitoring and enforcement against attempts to subvert the process. News - Wed, 14 Dec 2016 11:21:05 +0530 https://www.taxtmi.com/news?id=17076