Demonetisation will lead to a wider tax base and lower interest rates, thus paving the way for "sustainable faster economic growth", FinMIn has said.
The Ministry of Railways sought Gross Budgetary Support of Rs 50,000 crore for 2017-18.
PAC Chairman and senior Congress leader KV Thomas said the House panel will again call RBI Governor and Finance Ministry official after Budget on February 10.
Following concerns over alleged government interference in the affairs of the central bank, RBI Governor Urjit Patel has asked staff to ‘guard’ the integrity.
Patel is reported to have said that RBI has been able to infuse Rs 9.2 lakh crore of new currency.
The move comes as a follow up to Prime Minister Narendra Modi's initiative of start-up revolution to harness entrepreneurial spirit to beat economic slowdown.
RBI employees' unions are protesting against Government infringing on its autonomy.
PAC of Parliament can call PM on the issue of demonetisation if it is not satisfied with the answers given by top finance ministry officials and RBI Governor.
Demonetisation drama shows trial and error method is being experimented on 1.3 billion people in the name of fighting invisible demons.
In order to encourage digital transactions, the Finance Ministry today asked PSU banks to restrict fees on payments through IMPS and UPI.