Union Health Minister JP Nadda on Sunday said that more than 80 percent of the informal economy activities especially in retail sector will be brought into formal economy in the country.
This is possible only with digitalisation and currency of cashless transactions in the country. It will increase the number of tax payers with availability of adequate funds for development, said the Union Minister while presiding over Digidhan Mela at Peterh off here.
He said that 27 crore saving accounts were opened under Jan-Dhan Yojana in different banks with a deposit of Rs 63,800 crore. This amount deposited in the banks could be used for economic development of the nation, he said.
Speaking on the occasion, IT and IPH Minister Vidya Stokes said that the State Government is promoting computerisation in every department and advocating cash less system for Government transactions. The Excise and Taxation department in the state has made all the requisite forms online for convenience of commercial activities leading to transparency and promptness, said she.