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James Wilson @jamewils
, 12 tweets, 5 min read Read on Twitter
Here is my take on #DemonetisationDisaster, A CIRCUS, CLOWNS AND A SILVER BULLET.
Special thanks to my co-author Nandakumar (@varunan) whose edit added more firepower.…
Did you know this?

RBI shredded more Demonetised notes (SBN) than the Currency in Circulation in 2017-18..

Yep, demonetisation made all of us CLOWNS
My answer to Arun Jaitley's bragging about IT growth.

As always he uses selective data to sell his narratives.
This is FM in Parliament where his so vocal about Tax buoyancy (TB). His statement is true like "Ashwathma the Elephant".

Facts last year UPA-2 had a TB of 1.16 & they recorded highest TB of 2.42 & 2.27 in UPA-1.

If there was no IDS, what will be the TB & IT growth in 2016-18
Do you know how much fake currency was killed by demonetisation of ₹15.44 lakh cusecs?

RBI Annual Report gives the answer!

₹58.3 CRORES

Burn the manor down to smoke out a rat!!

Poor Tuglak weeps as someone broken his record!!! 🤣
Not cusecs, but crores 😝
This is for you to throw at the face of IT Cell guys when the alternative truths on income tax growth is being propagated by them.
Detailed Table and Graph is provided here, all this data is available for you at CBDT website, at public domain
I think enough highlights are already given by me.

Now go back to the first tweet and read the whole article shared there or grab a copy of the @NH_India of today's Sunday edition.
Then for the ones who ask for the source of the income tax data, here is the link from CBDT data…
Please take away the contribution of Income Disclosure Scheme, and it's contributions spanning 2016-17 & 2017-18.

Then please have a relook at whatever direct tax and tax buoyancy claims in the last two years!

That discloses the TRUE PICTURE
Finally the internet edition from @NH_India


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