Finance Minister Arun Jaitley has expressed hope, the targets on direct and indirect taxes would be exceeded this fiscal. Responding to queries in the Lok Sabha during question hour, he said in last December alone, over one lakh forty thousand crore rupees has been collected as the direct taxes. He stressed that there are buoyant growth in tax collections for the past three years.<br/><br/>He said the recent demonetization move by the Centre has brought all the high value currencies into the banking system rather than from lying unaccounted. He said the Reserve Bank of India is verifying each and every high value currency note that has been deposited post demonetization. He said it is a lengthy process and at the end of it, fake currency notes would be segregated and it would be known how much of genuine high value currency has been brought into re-circulation. <br/><br/>Mr Jaitley added, by 24th February this year, over 11.64 lakh crore rupees has been re-monetized, which could have exceeded 12 lakh crore rupees by now. When asked if new currency printing presses would be established, he replied in the negative saying one of the main aims of the demonetization move has been to reduce dependency on paper currencies.