MoS Finance Anurag Thakur was responding to a query whether currency notes in circulation increased post-demonetisation.
PMC Bank came under stress due to alleged financial irregularities forcing the RBI to impose restriction on it.
There has been a clamour for raising income tax exemption limit to push demand and consumption to boost economy.
Infrastructure investment of Rs 100 lakh crore will be needed for achieving USD 5 trillion GDP, said Union minister Anurag Thakur.
Automobile and component manufacturers have been seeking GST cut on automobiles to 18 per cent from 28 per cent
In 2018-19, 1,620 cases of fake invoicing were detected involving Rs 11,251.23 crore, and 154 persons were arrested.
GST, which subsumed 17 local levies, was rolled out on the intervening night of June 30 and July 1, 2017.
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