-Hindustan Times India’s economic growth slumped to 5.7% in April-June quarter, which experts attribute to demonetisation that sucked out 86% of the Currency in circulation from a largely cash-reliant economy. The government’s expected measures to revive a stuttering economy could mainly target the MSME sector and involve a re-look at public-private project norms to boost investment without breaching its fiscal deficit target for the year, officials involved in the process told HT. Besides,...
More »SEARCH RESULT
Total Matching Records found : 551
Do the maths: India's first bullet train isn't 'free of cost' as Modi claims -MK Venu
-TheWire.in/ Business Standard Over 50 years, the loan repayment value will be much higher based on the inflation differential Prime Minister Narendra Modi has claimed the bullet train offered to India by Japan is virtually free of cost. A 50-year yen loan amounting to Rs 88,000 crore at 0.1 % interest is being described by the prime minister as free of cost. This is patently absurd. India can have as many bullet trains...
More »Hasty implementation of GST, demonetisation will hit GDP further: Manmohan Singh
-The Financial Express Former prime minister Manmohan Singh once again warned of sharp fall in the GDP, saying that the hasty implementation of the GST and the demonetisation are bound to affect the economic growth adversely. In an interview to CNBC-TV18, Manmohan Singh said, “Both demonetisation and GST have had some impact. GST was put on practice in haste, and there are a lot of glitches which are now coming out.” The...
More »Revisiting demonestisation: 'If the notes have come back, why not the lost jobs?' -Abhishek Dey
-Scroll.in In Delhi’s largest industrial area, many are still struggling to find work. “If 99% of the demonetised Currency has returned [to the banking system], then why haven’t the jobs that demonetisation took away from us come back too?” asked Bajrang Yadav, 45, standing in a waterlogged lane outside his home in a slum cluster in West Delhi’s Mayapuri area last Sunday. Yadav was referring to the Reserve Bank of India’s annual report...
More »Has no counting machines but using sophisticated tools to check scrapped notes: RBI
-PTI NEW DELHI: The Reserve Bank of India (RBI) is not using 'counting machines' for tallying the total number of demonetised notes of Rs 500 and Rs 1,000 in any of its offices, the central bank has said in an RTI reply. Rather, it is using "sophisticated Currency Verification and Processing (CVPS) machines for checking the numerical accuracy and genuiness of the Currency notes, including SBNs (Specified Bank Notes that have...
More »
