Finance Secretary Ajay Bhushan Pandey said on Thursday that a tax mop up in first quarter of the current fiscal is “very encouraging”. It indicates revival of economy. He had said that about 70 per cent of the Rs 91,000 crore Goods and Services Tax (GST) collected in June is on account of transactions in May. He had further said that profile of a loan applicant is made available to banks then it would become easier for lenders to assess how much loan can be extended.
