-The Hindu Business Line Almost half the unaccounted cash seized this fiscal was in this denomination: Tax data New Delhi: The Rs.2,000 note seems to be the key tool for unaccounted income and assets. According to the latest Income Tax data, little less than half of the unaccounted cash seized during this fiscal was in the denomination of the maximum value. It was more than 60 per cent during the last two fiscals. As...
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Fake banknotes seized in India doubled after demonetisation, Gujarat topped list: NCRB -Apoorva Mandhani and Aneesha Bedi
-ThePrint.in National Crime Records Bureau’s report for 2017 says new Rs 2,000 note, released after demonetisation, accounted for more than half the seized Currency. New Delhi: Fake Indian Currency notes worth Rs 28.1 crore were seized in 2017, almost doubling from the previous year’s mark of Rs 15.9 crore, according to the Crime in India-2017 report put together by the National Crime Records Bureau (NCRB). The report points out that the new Rs...
More »Growth lessons India can take from new frontrunner Bangladesh -Jayanta Roy Chowdhury
-The New Indian Express What changed the terms over the last few years from when India was the toast for global business and Bangladesh was an also ran? NEW DELHI: India has not only lost its tag as the fastest growing economy, it is even lagging behind its former 'poor cousin’ Bangladesh, which grew by 8.1 per cent last financial year as against India’s 6.8 per cent. Similarly, while India’s growth forecast...
More »A rural stimulus: On MGNREGA wage hike
-The Hindu Putting more money in the hands of rural households will stir up the economy The government’s statistical machinery has begun work on revising the indices that capture the trends in consumer prices experienced in rural India. This opens up the prospect for an upward revision in the wages paid out to workers under the Mahatma Gandhi National Rural Employment Guarantee Act (MGNREGA). The current national average wage is just about...
More »Why are resident Indians remitting more money abroad than ever before?
-TheWire.in From $1 billion in 2012 to over $13 billion in 2018, higher remittances could indicate greater spending abroad as rich Indians look to diversify or the beginnings of a flight of capital. New Delhi: Indians sent more money out of the country than ever before in July 2019 under the liberalised remittance scheme (LRS), in a development that comes even as the Narendra Modi government looks to attract foreign direct...
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