Demonetisation Effect
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Demonetisation effect: 15 lakh jobs lost between Jan and April this year, shows CMIE data
Business | November 08, 2017 14:34 ISTEstimated total employment during January-April 2017 was 405 million compared to 406.5 million during September-December 2016.
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Demonetisation, GST double whammy on India’s GDP: Manmohan Singh
Politics | November 03, 2017 15:02 IST"When 86 pc of currency is withdrawn from circulation, plus GST, which was put in practice in haste.. lot of glitches are now coming up, it was bound to affect GDP growth adversely."
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‘We don't knock the economy for a six’: Raghuram Rajan on demonetisation impact
November 03, 2017 15:03 ISTRajan said that had the government thrust the note ban decision upon him, the only option he would have had was to resign
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ITR filings grow by 25 pc to 2.82 cr, govt says 'demonetisation effect'
November 03, 2017 15:06 ISTUnion finance ministry said that the number of ITRs filed showed that substantial number of new tax payers have been brought into the tax net subsequent to demonetisation.
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Demonetisation pushes govt’s Q1 direct tax collections by 14.8 pc to Rs 1.42L cr
July 07, 2017 12:12 ISTWhile gross collections under Corporate Income Tax (CIT) grew at 4.8 per cent, that from Personal Income Tax (PIT), including Securities Transaction Tax (STT), rose by 12.9 per cent
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Cash crunch led to 'material impact on spending', says Fitch
June 20, 2017 14:31 IST'It appears that the cash squeeze of November 2016 whereby the government pulled 86 per cent of cash in circulation out of the economy virtually overnight finally did have a material impact on spending,' it said
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Demonetisation picture to become clear by end of fiscal 2017-18 : Govt's Chief Statistician
June 14, 2017 15:00 ISTExpressing reservations over "making quick" judgements about the note ban decision that had affected the economy at multiple levels, TCA Anant said that it should not be seen just from the perspective of cash replacement only.
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Demonetisation side-effects gone, India to grow at 7.5 pc in FY'17: Moody’s
May 31, 2017 12:27 ISTIn its Global Macro Outlook, Moody's Investors Service said the ruling BJP's victory in Uttar Pradesh elections indicates that the ruling party has remained politically popular despite the demonetisation exercise
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After demonetisation, India's economic growth to bounce back in 2018: IMF
April 22, 2017 8:05 ISTThe International Monetary Fund (IMF) on Friday said that post demonetisation, India's growth is projected to rebound to 7.2 per cent in fiscal year 2018 and further to 7.7 per cent the next year.
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Demonetisation has not affected prices of essential items, govt informs Parliament
Politics | March 28, 2017 15:49 ISTThe government today informed the Parliament that the decision to demonetise Rs 500 and Rs 1,000 notes did not affect the prices of 22 essential commodities including foodgrains.
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RBI governor Urjit Patel to be summoned again, this time over banned notes deposited post demonetisation
March 23, 2017 18:23 ISTA Parliamentary Panel has decided to summon Reserve Bank of India Governor Urjit Patel again to ascertain how much of the junked currency has been deposited in banks post note ban. The meeting of the
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India's factory output rises 2.7 percent post demonetisation
March 11, 2017 7:06 ISTIndia's factory output post-demonetisation rose by 2.7 per cent in January, official data showed on Friday. The factory output, as per the Index of Industrial Production (IIP), had inched lower by (-)0.10 per cent
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India’s billionaire club: Patanjali’s Balakrishna leads pack of 27 new entrants, 11 lose status post notes ban
March 08, 2017 12:45 ISTReliance Industries chairman Mukesh Ambani retains his position as the richest Indian with an estimated wealth of Rs 1.7L cr
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Demonetisation sucked in cash like a ‘vacuum cleaner’, says IMF official
February 24, 2017 17:24 ISTThe government’s mega attempt to flush out unaccounted wealth, or "black money", has been likened to a vacuum cleaner – one that “sucked in the cash” and "adversely affected" consumption. “You've heard about so-called 'helicop
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Referendum on notes ban? BMC verdict shows it had little effect on India’s financial capital
Politics | February 24, 2017 12:49 ISTThe run up to the elections for Maharashtra’s civic bodies saw the political spectrum abuzz with statements projecting the polls as a referendum on the Centre’s move to demonetize high-value currency notes.
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56 pc merchants still do not accept digital payments: Survey
February 17, 2017 12:14 ISTAs much as 56 per cent of the merchants still do not accept digital payments because of the risks and cost of handling cash along with a fear of income loss after adopting digital payment
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Demonetisation woes, fuel costs bear heavy as SpiceJet reports 25 pc dip in net at Rs 181cr
February 14, 2017 19:24 ISTIndia’s second largest low-cost carrier SpiceJet today reported a 24.5 per cent dip in profit that stood at Rs 181.1 crore for the three months to December, down from Rs 240 crore a year ago.
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BJP ready to accept UP polls as referendum on demonetisation: Amit Shah
Politics | January 30, 2017 9:09 ISTBharatiya Janata Party (BJP) President Amit Shah on Sunday said the upcoming assembly elections in Uttar Pradesh "would not be a referendum on demonetisation policy, but if the opposition wanted to play it that way, then the BJP was game for it".
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Rs 5,000 crore withdrawn from Jan Dhan accounts post note ban
January 29, 2017 23:50 ISTSince December 7, Jan Dhan accounts have witnessed a net withdrawal of Rs 5,582.83 crore. Total deposits had increased to a record high of Rs 74,610 crore on December 7 and thereafter, it saw a
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Notes ban hits auto loan repayments, normalcy to return in 3 months: Fitch Ratings
January 27, 2017 12:22 ISTGlobal credit rating agency Fitch Ratings on Friday said demonetisation has had a negative impact on repayment of Indian auto loans and that it would take a couple of months for collections to come back to normal levels.
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