Remonetisation will not take very long time: Jaitley

Defending the government’s demonetisation move, Finance Minister Arun Jaitley on Saturday said that India has the capacity to take decision on demonetisation and it’s no longer a fragile economy.

“Ideally, GST should start from Apr. 1, 2017; constitutional necessity for new regime to come into force between Apr. 1 and Sept. 16,” Mr. Jaitley said at FICCI's 89th Annual General Meeting.

“Remonetisation will not take very long time, RBI will be able to complete it very soon,” he added.

He noted that long-term benefits are very clear even if we have to bear short-term inconveniences.

PTI