Subramanian, the Survey said economic growth is expected to return to normal as new currency notes in required quantities come back into circulation. "It has reduced sharply, the supply of one type of money cash while increasing almost to the same extent another type of money demand deposits. "Demonetisation was a potentially powerful stick which now needs carrots as complements," it said prescribing a five-pronged strategy. It includes implementing Goods and Service Tax (GST) with broad coverage to include activities that are sources of black money creation land and other immovable property. (This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)

Source: dna January 31, 2017 10:35 UTC