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, 1 month ago
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The way forward is positive -- there are signs volume of currency in the system is picking upBusiness Standard, 3 weeks ago
Two areas that need to be observed are consumption and savingsBusiness Standard, 1 month ago
The final agriculture GDP numbers for 2016-17 are expected to be revised up, as rabi production is looking really good. The agricultural and allied sector growth is officially projected at almost five per cent during the fourth quarter of the current financial year and could be revised higher, when the first provisional figures come in May-end. Though agriculture growth at 4.98 per cent in the fourth quarter was lower than six per cent in the third quarter, it is still among the highest in ...Rediff.com, 3 weeks ago
Chief economic adviser in the finance ministry Arvind Subramanian on Wednesday said there is an urgent need to create a ‘bad bank’ to solve the burgeoning bad loans on the books of domestic banks. His views echoes RBI deputy governor Viral Acharya’s ...The Financial Chronicle, 1 month 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, 1 month 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, 2 months 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, 2 months 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, 2 months ago
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