Positives about Demonetisation in actual figures:-

Undisclosed income worth Rs. 29,213 crore detected and admitted.

Black money worth Rs 16,000 crore did not return post demonetisation

21 per cent reduction in currency in circulation, will lead to reduction in printing cost.

56 lakh new tax payers added.

Number of returns filed increase 24.7 per cent compared to 9.9 per cent in previous year.

Advance tax collections of personal income tax grow at 41.79 per cent over same period of last year

Personal income tax under self-assessment tax grow at 34.25 per cent over same period last year.

Transactions of more than three lakh suspected shell companies under the radar

2.1 lakh shell companies de-registered

Around 450 companies delisted and 800 untraceable companies to be further delisted.

More than 400 benami transactions identified and market value of properties attached more that Rs 800 crore.

Deposits in the banking system increased around Rs 3 lakh crore.

Additional liquidity helped reduce interest rates by 100 basis points

Digital payments increase by 56 per cent from 71.27 crore transactions in October 2016 to 111.45 crore transaction in May, 2017

More than one crore workers added to EPF and ESIC system post demonetisation

Bank accounts opened for about 50 lakh workers to get their wages credited directly in their accounts.

It's almost the End of HAWALA system(the parallel economy) and big boost to GDP in the coming years.

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