Demonetisation helped reduce black money, increased tax compliance and transparency: Modi

On the fourth anniversary of demonetisation, Prime Minister Narendra Modi came out with a strong justification of the move, arguing that it triggered higher compliance and detection of black money, while helping improve tax collections and slowing the growth of currency in circulation.

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On the fourth anniversary of demonetisation, Prime Minister Narendra Modi came out with a strong justification of the move, arguing that it triggered higher compliance and detection of black money, while helping improve tax collections and slowing the growth of currency in circulation.