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Security printing of currency is a time-consuming exercise; RBI calibrating release of currency: Finance Minister Arun Jaitley.
Volume of trade, business will grow but size of paper currency will shrink: Jaitley on demonetisation.
Country has welcomed demonetisation; difficult to estimate disruption in this quarter, it does have impact but will not last long, he says.
Rabi sowing is higher than last year; mixed trend in auto sales: Finance Minister on impact of demonetisation on economy.
India is likely to continue to be fastest growing major economy in world like last year, Jaitley adds.
Some disruption is bound to be created due to switchover but long-term advantages are huge: Finance Minister on demonetisation.
Constitution Amendment notified on Septmber 16, 2016 says existing indirect tax regime can run for year, any delay would mean there will be no taxation from September 17, 2017.
GST and demonetisation together will be a game changer; investors will be wary of some states seen on wrong side of reforms: Jaitley.
There is a constitutional compulsion to have GST before September 16, 2017.
Jaitley says a year from now India will be a larger economy with higher GDP, cleaner GDP, reasonable interest rate.
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