Central banking is a profitable business because normally profits only move up. The profit ratios or rather surpluses tend to be healthy, as most activity
When Prime Minister Narendra Modi banned high-denomination currency bills in a surprise move late last year, authorities noticed a surge in shell companies depositing cash
The Survey estimates that DM accounted for 0.54 million of the increase. Income taxpayers totalled barely 30 million before Modi came to power. So, the
India’s economic growth is faltering. Part-II of the Economic Survey, just released, thinks that growth in 2017-18 is likely to be closer to the lower
Taking a potshot at the government over demonetisation, former Finance Minister P. Chidambaram on Friday said another Rs 50,000 crore should be added to the
Excess deposits in the range of ₹2.8-4.3 lakh crore accrued to the banking system during the demonetisation period, with unusual cash deposits in specific accounts,
Though demonetisation had some positives, former Reserve Bank of India (RBI) Governor Bimal Jalan says he would not have approved it had he been at
Demonetisation was a very big mistake and it has had a big negative fallout on the economy, according to Kaushik Basu, former Chief Economic Advisor
The Reserve Bank of India said it’s comfortable with the currency currently in circulation, reaffirming the contention that notes won’t get back to pre-demonetisation levels.
Demonetisation has led to instant extinguishment of Pak-printed high quality Fake Indian Currency Notes which has also adversely affected the hawala operators, said Minister of
Finance Minister Arun Jaitley today said the RBI is in the process of counting scrapped currency notes and will come out with the final figures
The government, it is true, did not get much traction in the post-demonetisation PMGKY amnesty scheme, but going by the increase in the number of
After targeting individuals who made large cash deposits in banks during or after demonetisation, the income-tax department is now going after businesses that deposited lots
The Opposition in Rajya Sabha today asked Finance Minister Arun Jaitley to clarify whether the government has decided to scrap the newly launched Rs 2,000
It commenced with an operation to cleanse Black Money that is still ongoing under different names. It continued with merging the Railway Budget with the
The Income Tax department is probing over 30,000 cases of alleged tax evasion wherein the returns (ITRs) were revised by assessees post demonetisation, CBDT chief
The Reserve Bank will hire 12 currency verification systems for six months to help it segregate fake ones from scrapped notes of Rs 500/1000 denomination.
Bajaj AutoBSE -0.22 % chairman Rahul Bajaj questioned whether demonetisation had achieved its aims while applauding the government for implementing the goods and services tax
Fake currency having face-value of over Rs 11.23 crore was detected in 29 states post demonetisation, the government informed Parliament today. In a written reply
When industry had expressed concern that the anti-profiteering initiative may evolve into a modern-day inspector raj, it was assured that this wouldn’t be the case.