Estimated total employment during January-April 2017 was 405 million compared to 406.5 million during September-December 2016.
"When 86 pc of currency is withdrawn from circulation, plus GST, which was put in practice in haste..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."
Rajan said that had the government thrust the note ban decision upon him, the only option he would have had was to resign
Union 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.
While 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
'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
Expressing 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.
In 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
The 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.
The 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.
A 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
India'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
Reliance Industries chairman Mukesh Ambani retains his position as the richest Indian with an estimated wealth of Rs 1.7L cr
The 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
The 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.
As 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
India’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.
Bharatiya 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".
Since 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
Global 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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