-PTI New Delhi: Over Rs 29.41 crore was spent on using the Indian Air Force’s ultra-modern transport aircraft — the C-17 and the C-130J Super Hercules — to ferry the newly-issued Rs 2,000 and Rs 500 currency notes post-demonetisation, according to an RTI reply. The move to Scrap the old Rs 500 and Rs 1,000 notes was announced by Prime Minister Narendra Modi on November 8, 2016, and saw 86 per cent...
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Currency with public doubles from demonetisation low; hits record at over Rs 18 lakh crore
-PTI Currency with the public has reached a record high level of over Rs 18.5 lakh crore, more than double from a low of about Rs 7.8 lakh crore it had hit post-demonetisation decision in late 2016, as per RBI data. At the same time, the total currency put in circulation by the Reserve Bank has also more than doubled to over Rs 19.3 lakh crore -- from a low of about...
More »Anti-Sterlite protest: Behind violence that killed 9 in Tuticorin, a prolonged agitation and controversy
-Financial Express Sterlite protest in Tuticorin: Nine people were killed in port city of Tuticorin in Tamil Nadu on Tuesday after a crowd close to 20,000 started protesting against Vedanta group's Sterlite Copper plant citing pollution concerns and demanded immediate closure of it. Sterlite protest in Tuticorin: Nine people were killed in port city of Tuticorin in Tamil Nadu on Tuesday after a crowd close to 20,000 started protesting against Vedanta group’s...
More »Malaysia Scraps GST, experts advise caution to Indian govt -Dilasha Seth
-Business Standard India studied the Malaysian model before implementing the GST and borrowed the anti-profiteering clause to ensure GST benefits are passed on to the end-consumer by the industry New Delhi: Malaysia deciding to Scrap the goods and services tax (GST) on Wednesday, three years after its roll-out, may prompt India to tread with caution over the next few years to stabilise the new indirect tax regime implemented in July last year. Although...
More »Govt finally dilutes rules on cattle sale
-The Times of India NEW DELHI: The Centre has finally Scrapped its controversial notification on a ban on sale of animals for slaughter in livestock markets and come out with new draft rules doing away with the clause on “restrictions on sale of cattle”. This means cattle, including cows, can be sold in animal markets, even for slaughter wherever it is legal. Last year’s notification had not prohibited slaughter as such, but...
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