-The Times of India MUMBAI: The Reserve Bank of India (RBI) on Wednesday said that Rs 15.28 lakh crore --or 99% of the Rs 15.44 lakh crore demonetised by withdrawal of Rs 500 and Rs 1000 notes on November 8, 2016 --has Been deposited with banks. The disclosure dashes hopes of the government earning a windfall by extinguishing trillions of rupees worth demonetised currency that has not Been returned. In its annual report, the...
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Demonetisation: In value, digital deals surge, then dip to 5-month -Sunny Verma & Pranav Mukul
-The Indian Express Demonetisation: On digital transactions, too, RBI data shows that the volume of electronic payments, after peaking in December 2016 at 957.50 million transactions compared with 671.49 million in November, has Been on a decline. New Delhi: When it launched the currency withdrawal in November, the NDA government had outlined four key objectives of the demonetisation exercise: detection of black money, elimination of fake currency, squeezing funds available for...
More »Agri Ministry wants tax exemption for FPOs
-The Hindu Business Line Women farmers face the brunt; GST adds to their woes New Delhi: The Agriculture Ministry has written to the Finance Ministry seeking income-tax exemption for farmer produce organisations (FPOs), particularly for those that are registered as farmer producer companies (FPO) under the Companies Act. “These FPOs were brought in to negotiate the problems that are faced by cooperative societies. So they are naturally eligible for all the benefits that...
More »Rain pounds Mumbai to standstill; no relief in sight -Gautam S Mengle
-The Hindu Suburban train services on all three lines suspended, to be resumed in phases Mumbai: Heavy and incessant rain in Mumbai, which began in the early hours of Tuesday and continued unabated throughout the day, brought the city to a virtual standstill, with lakhs of people stranded across the city as transport systems collapsed. According to the India Meteorological Department, the city had recorded 297 mm of rain. The BMC, the Mumbai...
More »NITI report not views of think tank or Centre -Arup Roychoudhury & Subhayan Chakraborty
-Business Standard The Aayog had released the survey on Monday, with its logo and India's national emblem on the cover New Delhi: A survey on ease of doing business released by the NITI Aayog on Monday does not represent the views of the Centre or the think tank, the Union government said on Tuesday. The Aayog had released the survey, with its logo and India’s national emblem on the cover, which stated that...
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