"What was asked was whether SIT proposal on reducing cash transactions was feasible. "The demonetisation and a cap on cash withdrawal is a very positive step as this can just end the parallel economy as almost no black money would be generated. "As it is, black money would be highly hit due to GST and if the government goes ahead with the SIT recommendation it would be very good. "There could a probability that such a step could just come in by budget because the government is leaving no stones unturned to attack the black money economy. The government may be looking at preparing and gauging the impact of such a step in detail by roping some consultants and senior tax officials.

Source: Economic Times November 17, 2016 19:32 UTC