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About 7 results for "uttam ghosh monitoring"

Indian economy is now working with less cash
Rediff.com

Indian economy is now working with less cash

Assuming that demonetisation had not happened, the value of notes in circulation this year could have increased to Rs 19.3 lakh crore. But what we have, instead, by the end of August is a 20 per cent lower figure for currency notes in circulation, says A K Bhattacharya. Illustration: Uttam Ghosh/Rediff.com One year after 86 per cent of India’s currency in circulation ceased to be legal tender, it is time to take a closer look at what impact that decision of Prime Minister Narendra Modi ... Rediff.com, 1 day ago
Rediff.com

Why banking transaction tax may not be evasion-proof

According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT. Illustration: Uttam Ghosh/Rediff.com. A banking transaction tax (BTT) replacing the current tax systems (direct and indirect taxes, except for Customs duty) is not a superior system on all parameters, say economists at the National Institute of Public Finance and Policy (NIPFP) in their assessment of Arthkranti’s proposal ...
 Rediff.com1 day ago
Rediff.com

5 things to do to tackle NPAs

For stressed loans, the need is to prevent disruption in cash flows from a systemic perspective, conserving employment and assets in untainted enterprises with the potential for recovery, says Shyam Ponappa. Illustration: Uttam Ghosh/Rediff.com An aspect of financial services often overlooked is that they serve as second-order infrastructure, essential for commerce, industry, and daily living. A disruption in the financial sector slows everything by cutting productivity.   Other reasons ...
 Rediff.com1 month ago
Rediff.com

How the government manages its expenses in GST regime

The new GST regime has brought with it a new cash management system for government expenditure and income, with the home ministry directing all its 21 divisions to strictly follow it to avert any situation of temporary mismatch in cash outflows and inflows. In a circular, the home ministry said the revised cash management system, formulated by the ministry of finance, has to be followed in view of the changes in tax receipt under the GST regime. As per the guidelines of the new system, the ...
 Rediff.com1 month ago
Rediff.com

Shell companies feel the heat as govt banks on AI to nab them

'The drive against shell companies will not scare businesses. Rather, it will boost ease of doing business.' 'Chartered accountants are primarily auditors who report a company's finances. This is why it is important for us to monitor them.' 'Restriction on subsidiaries would ensure that multiple layers of companies are not used for money laundering.' Illustration: Uttam ghosh/Rediff.com P P Chaudhary, bottom, left, the newly-appointed minister of state for corporate affairs, is monitoring and ...
 Rediff.com1 month ago
Rediff.com

The daunting tasks facing Suresh Prabhu

Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy. Illustration: Uttam Ghosh/Rediff.com Suresh Prabhu has become the Minister of Commerce and Industry at a critical juncture when the gross domestic product growth has dipped to 5.7 per cent and most economists are belatedly acknowledging that the steady decline of exports is a principal cause of the falling growth rate. Policymakers are also grappling with growth without jobs.
 Rediff.com2 months ago

Unemployment is rising. It's a good sign!

Rising unemployment rate reflects a rise in the labour participation rate, which in India's case has been worryingly low. Mahesh Vyas explains the co-relation. Illustration: Uttam Ghosh/Rediffcom.   The unemployment rate has been crawling up recently. I consider this to be a good sign because this seems to reflect a rise in the labour participation rate. In the recent past, that is since April 2017, the unemployment rate has been below 4 per cent. In any mature economy such a low rate ...
 Rediff.com2 months ago
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