“Penalties and dictating outcomes should not take precedence over incentivizing and voluntary compliance as the government promotes digital transactions after demonetising high-value banknotes,” chief economic adviser in the finance ministry Arvind Subramanian said after presenting his third Economic Survey on Tuesday. He presented the survey in his trademark style of exploring new ideas while analysing economic challenges in depth and with authority. You have said in the survey that the government needs to ensure that demonetisation does not lead to overzealous tax administration. ALSO READ | What the Economic Survey reveals about Arvind Subramanian’s reading listYou have said that government should incentivize digital transactions. On the contrary, what it does say is that the people who are most affected adversely are supporting it the most.

Source: Mint January 31, 2017 19:07 UTC