Union Minister Arjun Ram Meghwal today said the country’s tax net has grown due to the Centre’s policies directed at the shadow economy in the last three years.
He was speaking to reporters on the sidelines of the 18th annual convocation of the Entrepreneurship Development Institute of India at Ahmedabad today.
Minister of State for Finance and Corporate Affairs Arjun Ram Meghwal said that the government has laid a strong foundation for economic reform, which helped increase economic activities in the last three years.
The biggest reform is towards financial inclusion — from Jan Dhan account to social security measures, from demonetisation to digital transaction. The minister claimed that government has managed to hit the shadow economy in last three years.
He also said that the revenue collection has increased and the number of people paying income tax has also increased. Speaking to the students, Meghwal said the country is well placed to become an economic superpower.
The Minister said that the Centre’s focus on entrepreneurship has brought about a paradigm shift in terms of the society’s outlook towards it.