July 24, 2026 08:18 pm (IST)
50 per cent reduction likely in tax collection following currency note ban: Sisodia
New Delhi, Dec 3 (IBNS): Delhi Deputy Chief Minister Manish Sisodia on Saturday said the move of banning old Rs. 1000 and Rs. 500 currency notes by the Centre last month may led to a reduction of almost 50 per cent in tax collections.
"Tax collection can be 50% low this month as there is no business in Delhi markets. If so, it would b hard to pay salaries of govt employees," Sisodia tweeted.
The Centre on Nov 8 announced the move to ban Rs. 500 and Rs. 1000 currency notes.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
Big boost for India-Israel trade as FTA talks make key progress
Fri, Jul 24 2026
NEET protest: CJP firm on Dharmeendra Pradhan's resignation, says govt sought time till tomorrow
Fri, Jul 24 2026
CBI gives clean chit to alleged 2024 NEET paper leak 'kingpin' as 2026 protests rage
Fri, Jul 24 2026
'Don't insult students': Rahul Gandhi tears into PM Modi's midnight NEET video, demands Dharmendra Pradhan's exit
Fri, Jul 24 2026
Sonam Wangchuk ends 26-day hunger strike after 'long negotiations', urges CJP protesters to maintain peace
Thu, Jul 23 2026
'More action tomorrow': PM Modi promises fresh steps on paper leaks
Thu, Jul 23 2026
