Union Minister Arjun Ram Meghwal on Saturday said the country’s tax net has grown due to the Centre's policies directed at the shadow economy in the last three years. “In the last three years, we laid a strong foundation for economic reform, which has helped increase economic activities. The biggest reform is towards financial inclusion -- from Jan Dhan account to social security measures, from demonetisation to digital transaction,” Meghwal, Minister of State for Finance and Corporate Affairs, said here. He was speaking to reporters on the sidelines of the 18th annual convocation of the Entrepreneurship Development Institute of India (EDII).
“In the last three years, we have managed to hit the shadow economy, which is estimated at 23 per cent. We have attacked it through our policies. When it weakens, our tax net will increase, and we can see our tax net increasing due to this,” he said.