Demonetisation has been a historic and multi-dimensional success, the government said in full-page ads on one year of demonetisation.
Prime Minister Narendra Modi’s ‘surgical strike’ on black money has failed to dent his popularity among masses despite the hardships people faced. As the opposition’s attacks against demonetisation gain momentum, can the BJP hold on?
Amid a spate of claims and counter claims by the government and the opposition, we try to make sense of the true impact of demonetisation one year since PM Modi's November 8 announcement.
India’s 30-place leap in the World Bank’s ‘Doing Business 2018’ rankings affirm India’s growth story as well as the Centre’s reforms agenda.
India made a double-digit jump in the World Bank's 2018 edition of Ease of Doing Business report, reacing the 100th spot from the previous 130th in 2016.
The indirect revenue collection by the government may fall short of the target this fiscal due to disruption caused by the GST rollout, a top official said.
Stocks in banking and infrastructure led the market rally on the government's Rs 9 lakh crore stimulus push.
Economic history had shown repeatedly that only healthy banks lend to healthy firms and borrowers, creating a cycle of investment and job creation.
The infusion into PSBs will be based on twin parameters of 'performance and potential', the Finance Ministry said.
Interest burden of Rs 1.35 lakh crore recapitalisation bonds on the government would be about Rs 9,000 crore, Chief Economic Adviser Arvind Subramanian said on Tuesday.
The Union Cabinet on Tuesday announced an aggressive Rs 2.11 lakh crore capital infusion for the NPA-hit public sector banks (PSBs) over a period of two years.
"During Q3 2017, corporate funding in the solar sector grew 74 per cent compared to Q2 2017, with USD 2.4 billion raised in 45 deals. In Q2 2017, USD 1.4 billion was raised in 37 deals," said Mercom Capital.
An IMF official said it is not endorsing the replacement of Public Distribution System (PDS) with the Universal Basic Income (UBI) in India.
India carried out key structural reforms like demonetisation and the GST at the right time and it will serve the country well in the days to come, Finance Minister Arun Jaitley today said.
IMF chief Christine Lagarde today said the Indian economy is on a "very solid track" in the mid-term.
Finance Minister Arun Jaitley has said the Indian government is working on a plan to rebuild the capacity of the banking sector.
The World Bank said in its report that India's economic momentum has been affected by disruptions from demonetisation and uncertainties around the GST.
The Narendra Modi-led government wants an overhaul of archaic tax rules to ensure that tax compliance is easy and dispute redressal, quicker.
The 22nd meeting of the Council comes on the back of promises made by PM Narendra Modi to remove glitches in the GST.
The move is aimed at bringing transparency in loan pricing and ensure that the benefits of change in policy rates are passed on to borrowers.
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