There are essentially five sources of taxes for the union government which matters BS Web team | New Delhi February 1, 2017 Last Updated at 18:55 IST madan sabnavis While government’s push to infrastructure and tax concessions to households in Budget ... Business Standard, 2 weeks ago
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Two areas that need to be observed are consumption and savingsBusiness Standard, 2 weeks ago
Hopes of getting easy credit - cheap and as required - in post-demonetisation India has not been fulfilled yet. In the two months of note ban additional credit has been Rs 60,140 crore only - an increase of 0.81%. Deposits, on the other hand, increased 4.7% ...catchnews.com, 2 weeks ago
Much of the Q3 data will simply not be available for the CSO to factor in its calculation. The advance estimates of GDP for 2016-17, to be released later this week, might not fully capture the disruption in economic activity due to demonetisation. As these estimates will be based mostly on data till October, before demonetisation kicked in, they might paint a rosier picture of the economy than the ground reality. Further, as the Budget numbers will be based on advance estimates, to be ...Rediff.com, 1 month ago
PM's announcement were focused on those most affected by the note ban. Economists are divided on whether Prime Minister Narendra Modi's populist schemes announced on New Year's eve will add to the government's spending burden for this year and the next. While most expect the net expenditure on Modi's sops to be incremental, some say it will add to the Centre's burden. On Saturday evening, Modi presented a mini Budget of sorts at the end of the 50-day demonetisation exercise. His announcements ...Rediff.com, 1 month ago
The bigger worry is that its effects could linger well into the next financial year.Ishan Bakshi reports.Illustration: Dominic Xavier/Rediff.com The demonetisation of the Rs 500 and Rs 1,000 notes has been the most disruptive policy measure in several decades. When Prime Minister Narendra Modi announced that notes of Rs 500 and Rs 1,000 denomination would lose their status as legal tender on November 8, he did not have the comfort of an economy in the pink of health. The Gross Domestic Product ...Rediff.com, 1 month ago
Priya Nair/Business Standard lists ways on how consumers can maximise benefits.Illustration: Uttam Ghosh/Rediff.com The government, a month after implementation of demonetisation, has decided to give a push to digitisation. On Thursday, December 8, Finance Minister Arun Jaitley announced a slew of incentives for people willing to transact digitally. Making digital payment on fuel purchases from petrol pumps will be cheaper by 0.75%. New policies bought from the customer service portals of the ...Rediff.com, 2 months ago
'While collections under the Income Disclosure Scheme explain it partly, indirect tax numbers not showing any effect of the withdrawal of high denomination currency notes was puzzling,' reports Indivjal Dhasmana.Illustration: Uttam Ghosh/Rediff.com The absence of an adverse impact because of demonetisation on total tax receipts till November-end surprised economists. While collections under the Income Disclosure Scheme (IDS) explain it partly, indirect tax numbers, which include excise duty, ...Rediff.com, 2 months ago
Going forward it is going to be a sharp fall in the next couple of months and the negative number can further increase for the months of November and December due to demonetisation, said Madan Sabnavis, Chief Economist at Care ratings.Money Control, 2 months ago
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crore of these right after, report Business Standard's Ishan Bakshi and Nitin Sethi. From September 16 to 30, a staggering Rs 3.03 lakh crore of time deposits -- fixed and recurring -- were made at banks. This has never happened in any fortnight since January 2001. September 16 is also the date from which the Reserve Bank India, in a rare later decision, chose to ...Rediff.com, 2 months ago Over Rs 12.6 lakh crore comes back to banks The Financial Chronicle, 2 months ago
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