80 pc of informal economy will come under formal sector: Nadda

SHIMLA: More than 80 per cent of informal economic activities, especially in the retail sector, will be brought into formal economy through digitalisation and cash-less transactions, Union minister J P Nadda said today.

It will increase the number of tax payers with availability of adequate funds for development, the Union Health Minister said at ‘Digidhan Mela’ here.

He said 27 crore savings bank accounts were opened under Jan Dhan Yojana with a deposit of Rs 63,800 crore and that this amount could be used for economic development.

Himachal Pradesh Information Technology, Irrigation and Public Health Minister Vidya Stokes said that the State Government was promoting computerisation in every department and advocating cash-less system for Government transactions.

She said the State was ready for adopting the Goods and Services Tax (GST). (AGENCIES)

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