Commerce Minister Nirmala Sitharaman today said the objectives of demonetisation have largely been met as the cash, which was never part of the circulation, has now reached bank accounts. "I certainly would like to believe that the objectives of demonetisation are to a large extent met. I might need more time to elaborate on the data because the currency has reached the bank accounts," Sitharaman said while participating in an interactive session with Young Ficci Ladies Organisation (YFLO) Hyderabad Committee members. Sitharaman said that by September 30 last year, there was the IDS scheme through which lot of people had made their declarations. "When I say with confidence that the objectives of demonetisation is largely fulfilled, it is because the currency has come into the accounts," she said.

Source: dna April 08, 2017 15:06 UTC