Note ban, GST to widen tax base; focus on clean political funding: Jaitley

At Delhi Economic Conclave, Singapore deputy PM says little late for India in terms of job creation

Finance Minister Arun Jaitley (pictured) on Saturday said the Centre was trying to clean up political funding, considered one of the major repositories of unaccounted wealth. He said demonetisation and the goods and services tax (GST) would lead to greater compliance and digitisation. 

“For the past 70 years, India’s economy has been funded by invisible money. Elected representatives, governments, political parties, Parliament and the election commission completely failed in checking it,” Jaitley said at the Delhi Economics Conclave.

“This is why in the last Budget I suggested a solution; we are actively working on it.” 

In his 2017-18 Budget speech,