Demonetisation

Modi govt rejects Yashwant Sinha's critique of economy

"The world acknowledges India is the fastest growing economy. No one should forget it. Our image at the international level is very strong," Home Minister Rajnath Singh said.

 

Sep 27, 2017, 17:05 PM IST

Rajnath Singh responds to Yashwant Sinha's criticism, says India is the fastest growing economy

Rejecting senior Yashwant Sinha's critique on the state of the Indian economy, Rajnath Singh said the country's image is very strong internationally.

Sep 27, 2017, 16:38 PM IST

Another big scheme, another poll promise: PM Modi sets the tone for 2019 polls

PM Narendra Modi on Monday unveiled his latest big-ticket scheme. The Saubhagya Scheme that he launched was another visible policy initiative that ties in with his messaging for the 2019 Lok Sabha elections.

Sep 25, 2017, 20:47 PM IST

Digital payments up, debit card use declines: Report

According to the report, the usage of debit card has been weak and the total debit card transactions have seen a modest decline -- both in terms of value and volume.

Sep 25, 2017, 16:35 PM IST

Scope for further rate cut by RBI: Finance Ministry

Asserting that the slowdown in the manufacturing sector is due to various reasons, the official said the response has to be from across the board, including interest rate, exchange rate for boosting the manufacturing sector.

Sep 23, 2017, 18:38 PM IST

Stimulus package should focus on raising capex: C Rangarajan

On demonetisation, he said adequate preparation by the central bank could have reduced the pain which people had to undergo on account of ban on high value notes last November.

Sep 22, 2017, 16:14 PM IST

PM Modi to meet FM, officials to review economic situation today

Increasing government spending, particularly on infrastructure, combined with quickly fixing the problems with GST may feature in tomorrow's deliberations.

Sep 18, 2017, 19:17 PM IST

Former PM Manmohan Singh takes potshots at note ban, 'hasty' rollout of GST

Singh, who had previously cautioned against note ban shaving off 2 percent of GDP, said demonetisation of 86 percent of the currency in circulation and the hasty implementation of the Goods and Services Tax (GST) have impacted informal and small scale sectors, which account of about 40 percent of the USD 2.5-trillion economy.

Sep 18, 2017, 18:03 PM IST

Arun Jaitley lists three gains from note ban

Jaitley said the idea of Tez was discussed by Google`s India-born CEO Sundar Pichai in January, just after demonetisation. 

Sep 18, 2017, 16:53 PM IST

Digital payment bound to pick up with new technology, says Arun Jaitley

According to the RBI, there were as many 588.2 crore of Rs 500 notes, both old and new in circulation, as of March 31, 2017. 

Sep 18, 2017, 16:22 PM IST

Digital payment bound to pick up with new technology, says FM Jaitley

Jaitley further said high denomination currency circulation has come down in terms of volume after demonetisation of Rs 500 and Rs 1,000 notes that came into effect from November 9 last year.

Sep 18, 2017, 15:46 PM IST

CVC to probe govt employees deposits post demonetisation

Deposits of scrapped currency notes made by central government employees post demonetisation will be probed by anti-corruption watchdog Central Vigilance Commission (CVC), its chief K V Chowdary said on Sunday.

Sep 17, 2017, 11:26 AM IST

India's GDP growth likely to slip below 7% this fiscal: DBS

According to the global financial services major, two recent policy measures -- demonetisation in November 2016 and GST rollout in July 2017 had a short term impact on economic activity and aggravated the already slowing momentum.

Sep 15, 2017, 13:07 PM IST

Note ban, GST, BSIV norms dent pre-owned car market: Report

The demonetisation coupled with GST and BSIV norms seem to have made a dent in the domestic pre-owned car market with the segment growing six per cent lesser in the previous fiscal against the projected growth of 15 per cent, as per an industry report.

Sep 13, 2017, 17:17 PM IST

70% people want scrapped Rs 1000 note back, claims survey

To the consternation of the pro-note-ban advocates and the government which was expecting trillions in savings from the move, last week the Reserve Bank had said as much as 99 per cent of the scrapped notes have come back to the system.

Sep 12, 2017, 18:15 PM IST

Gold ETFs register Rs 300 crore outflow in Apr-Aug FY18

Equity and equity-linked saving scheme (ELSS) saw an infusion of more than Rs 61,000 crore during the first five months (April-August) of the current financial year.

Sep 12, 2017, 13:26 PM IST

Bank employees call for protest march on Sept 15

Bank employees plan to conduct "March to Parliament" on September 15 to draw the government's attention towards various issues, Deepak Kumar Sharma, General secretary of SBI Officers Association, Chandigarh Circle, said here.

Sep 11, 2017, 23:49 PM IST

Fading Demonetisation impact, monsoon pushes up August car sales

The three-wheelers segment`s off-take increased by 2.51 per cent to 51,451 units during the month under review.

Sep 11, 2017, 18:36 PM IST

Don't know how demonetisation idea entered Modi's mind: Rahul Gandhi

Over 9,000 farmers have ended their lives in Maharashtra in the last three years.

Sep 08, 2017, 19:22 PM IST

Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan

Let India grow at 8-10% for 10 years before chest-thumping: Raghuram Rajan

Sep 08, 2017, 15:54 PM IST