With low sales, labourers in small-scale manufacturing units are facing an employment crisis, while those who have somehow managed to retain their jobs are earning very little.
The government has said it will assess reasons for low rate of compliance.
Shatrughan Sinha, a BJP MP, came out in support of his party colleague after Yashwant Sinha, a former finance minister, critcised Narendra Modi and Arun Jaitley for their handling of the economy.
Data shows that post demonetisation – announced on November 9, 2016 – the number of fatal instances in Kashmir have in fact gone up.
While the opposition parties called the variance in Rs 500 and Rs 2000 currency notes the “biggest scam of the century,” the Centre dismissed it as a “frivolous” issue.
The airline has a debt of more than Rs 52,000 crore and is surviving on a Rs 30,000-crore bailout package extended by the previous UPA government in 2012.
The ordinance to amend the Banking Regulation Act will give a big boost to the government’s efforts to cut down on non-performing assets in the banking sector.
Advancing the Budget presentation could give the BJP an unfair advantage in the upcoming state elections. By failing to defer it until after the polls, the party is unwilling to follow the high principles expected in a bipartisan polity.
The finance minister announced that the government will expedite cashless payments in the country and has declared a slew of measures facilitating digital transaction.
In the last fiscal year, several ministers had revealed possessing large amounts of cash in hand with Arun Jaitley topping the list at Rs 65 lakh.