Digital transactions rising in unorganised sector: NITI Aayog member
July 14, 2017 15:21 ISTNITI Aayog member Saraswat said that there had been a slump in the economy following the demonetisation of high-value currency in November last year.
NITI Aayog member Saraswat said that there had been a slump in the economy following the demonetisation of high-value currency in November last year.
Rahul remarked that the government is looking for a math tutor and those interested should apply to the PMO at the earliest.
RBI Governor Urjit Patel today refused to give the amount of demonetised notes deposited with banks saying they are still being counted.
According to NITI Aayog, this steep rise in a single year is in sharp contrast to the 28 per cent increase over a five-year period ending 2015-16.
"One cannot make people suffer if they have genuine reasons, they should be allowed to deposit old notes", the SC said.
The new batch of Rs 500 notes will be in circulation along with the notes introduced after Centre's demonetisation announcement in November last year.
Officials believe that a higher revised income could indicate hidden non-tax paid incomes or unaccounted cash from previous years being disguised as a rise in sales
'Private sector investment has collapsed and the economy is running on just one engine of public spending,' Singh said at the CWC meeting, chaired by Congress President Sonia Gandhi
Leading the attack over "falling GDP", Congress Vice President Rahul Gandhi accused the Modi-led NDA government of using diversionary ploys.
Chidamabaram’s comments came after the GDP growth for the fourth quarter, ending March this year, fell sharply to 6.1 per cent from seven per cent in the previous quarter.
Slamming Prime Minister Narendra Modi for his ”demonetisation” move, CPI-M General Secretary Sitaram Yechury today said that corruption, black money and terrorism which the PM sought to end, were flourishing after the note ban.
Reserve Bank of India had kept ready a reasonable stock of new Rs 500 and Rs 2,000 notes before the announcement of demonetisation on November 8 by Prime Minister Narendra Modi, Urjit Patel has told a Parliamentary Committee.
Shunyota, the film on demonetisation which had been stalled by the censor board regional office, finally released yesterday with six cuts.
The number of Aadhaar-enabled payments also increased from 2.5 crore in November 2016 to over five crore in March 2017.
The Reserve Bank of India (RBI) is still calculating and taking stock of the currency that was returned to banks post demonetisation, Finance Minister Arun Jaitley said on Tuesday.
The Centre had recently informed the apex court that it has taken a "conscious decision" not to extend the period beyond December 30 last year for exchanging the demonetised currency notes.
Customs officials have registered a few cases, where demonetised banknotes were sent abroad by courier, and seized over Rs 1 lakh in such notes.
The government would not extend the period to exchange demonetised currency notes of Rs 1,000 and Rs 500 will be granted, the Supreme Court was informed on Friday.
In scenes that drew sharp resemblance to the uproar over the government’s demonetisation decision, Opposition parties today disrupted proceedings in the Rajya Sabha over alleged tampering of EVMs to favour the ruling BJP.
CAG plans to audit the impact of note ban and the affect it has had on government tax revenues, Shashi Kant Sharma said.
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