In conversation with BJD MP Jay Panda.
Despite the success of some Indian industries since the 1990s, we are now seeing a major productivity gap circumscribing the prospects of industrial growth.
Are banks expecting that some kind of restriction on cash withdrawals could become a more permanent feature of our system?
The RBI governor also stated that Rs 9.2 lakh crore has been introduced into the economy in the form of new notes since November 8.
The Shekatkar committee report represents a starting point and makes a valuable suggestion – non-combat organisations must be reviewed and restructured.
A shift away from cash reliance will come only when the urban middle class finds plastic money more convenient, not with forceful government intervention.
Using tax collection numbers as signifiers of robust economic activity may be highly optimistic.
The finance minister needs to begin to think of strategies to counter the negative impact of a tax war on business taxation.
After demonetisation, investors and those within the BJP intellectual community are confused: Will Modi take a socialist path or will he stick to being a market-friendly prime minister?
In a report titled ‘An economy for the 99%’, Oxfam said that the richest 1% of the world has owned more wealth than the rest of the planet put together since 2015.
The cut was “due to the temporary negative consumption shock induced by cash shortages and payment disruptions associated with the recent currency note withdrawal and exchange initiative”.
An informal survey of local shop owners and workers in the city’s Company Bagh and Lawrence road areas reveals most people’s ambivalence about the policy.
Proponents of demonetisation say it was required for market correction. However, given the magnitude of government interference involved, it is likely to disrupt markets rather than correct them.
The report, released by Oxfam said that the richest 1% of the world has owned more wealth than the rest of the planet put together since 2015.
With the Regional Comprehensive Economic Partnership agreement, China has an opportunity to be an agenda-setter and demonstrate leadership on global trade.
In a series of tweets, the economic affairs secretary warned that Amazon’s intolerance would come “at its own peril.”
Out of the 144 recorded farmer suicides, over 40 were from outside the Cauvery delta region. Observers and farmers directly attribute demonetisation as one major factor behind the suicides.
In an interview with The Wire, the former central banker talks on the infeasibility of executing demonetisation while raising concerns over re-starting the working capital cycle of small and medium businesses.
Demonetisation was meant to widen India’s tax base and increase our abysmally low tax-GDP ratio. The government could further this aim in more concrete ways through the Budget.
Objects of almost any shape or geometry can be produced by 3D printing. The technology could seriously disrupt not just manufacturing but related national plans for economic development.
The deal between the Gujarat state government and ONGC did not get the required approval from minority shareholders.
Partha and Rekha, who left their city jobs to become organic farmers, are now working to spread awareness on organic produce and make it accessible for all.
Rising non-performing assets and sluggish economic growth have led to a decline in corporate borrowing, inhibiting the anticipated lending bonanza to companies from banks after demonetisation.
How much money will come through the second income disclosure scheme and by tracking down hitherto unidentified black money? What will it be used for?
Deputy governor R. Gandhi’s claims on the quantity of low-value notes pumped into circulation are false. The giant release of small change is just another attempt at spin.
To tackle black money that originates in the process of electing MPs and MLAs, the legal provision that freezes the number of Lok Sabha and state assembly states must be revisited.
Factoring in demonetisation, the World Bank lowered the growth rate of the country to 7%, recognising that many sectors have taken a hit.
While Arun Jaitley talks of increased tax collection, banks are battling historically-low credit growth and small and medium businesses are staring at drastically decreased revenues.
If the sport is banned, farmers will be forced to abandon the raising of native livestock, which already stands threatened due to the extensive use of motor pumps, tractors and mechanised agriculture.
Reddy also said that the problem of black money cannot be eliminated through demonetisation alone.
The prime minister could use the president’s suggestion that the poor need immediate relief after demonetisation, unveil radical measures in the upcoming budget and leave the Opposition speechless.
Dam-builders seldom keep their promises and the government has failed to stop their infrastructural orgies. We thus have a disease of gigantism on our hands crippling the Chambal’s ecology.
This has been done to help small merchants overcome their apprehensions towards installing Point of Sale (PoS) terminals in their shops, SBI said.
Oil minister Dharmendra Pradhan has said that oil companies and banks are currently in discussions to determine who will bear the extra transaction charge.
Petrol pump owners are protesting the imposition of a 1% service fee on all cashless transactions, saying they will lose twice of what they make in profits.
Is finance minister Arun Jaitley budgeting in the dark? One can’t have a strategy for economic revival without first estimating the economic impact of demonetisation.
Many events over the past year – Brexit, Donald Trump’s victory, rise of far-right parties in Europe and continued weakness in the banking sector – have added significant uncertainty to an already fragile global economy.
The commission has written a letter to cabinet secretary Pradeep Kumar Sinha asking him to respond to the plea by January 10.
A survey conducted in Munirka village, Vasant Vihar’s Kusumpur Pahadi slum, Trilokpuri and Noor Nagar’s Pahadi slum shows that casual labourers and small shop owners have been the hardest hit by demonetisation.
People have lost their jobs, small businesses are closing down and the agricultural sector has been hit hard as a result of demonetisation. The RBI must increase the supply of cash to curb further fallout.