As such there are expectations that finance minister Arun Jaitley will announce tax rebates and incentives to encourage transactions through cards and digital means. Some experts believe that the finance minister may also announce measures to tax cash withdrawals from banks above a threshold. As such there are expectations that finance minister Arun Jaitley will announce tax rebates and incentives to encourage transactions through cards and digital means. Some experts believe that the finance minister may also announce measures to tax cash withdrawals from banks above a threshold. The higher level of growth is being premised on the back of a stable and higher growth in the US, stable growth in China and a rebound in growth of some emerging economies.

Source: Economic Times January 28, 2017 18:31 UTC