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Black Money: No estimate of amount stashed in foreign accounts for last 5 years, Centre tells RS

-Scroll.in The Centre said that 648 disclosures about foreign assets worth Rs 4,164 crore were made during a one-time compliance window in September 2015. There is no official estimate on the amount of black Money stashed in foreign accounts for last five years, the Union government told the Rajya Sabha on Tuesday. Minister of State for Finance Pankaj Chaudhary made the statement in a written reply to a question by Samajwadi Party MPs...

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Retail inflation rate rises to 4.91% in November 2021

-MoneyControl.com The CPI-based inflation rate has increased on a sequential basis. It was 4.48 percent in October 2021. The country's retail inflation rate, which is measured by the Consumer Price Index (CPI), rose to 4.91 percent during the month of November 2021, as per the data released by the Ministry of Statistics and Programme Implementation (MoSPI) on December 13. The inflation has increased sequentially, as it was recorded at 4.48 percent in October...

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‘Withdraw order on mandatory use of health card in govt. hospitals’ -Bishwanath Ghosh

-The Hindu Bengal doctor’s association writes to Mamata saying the order will only fatten wallets of insurance firms A prominent association of doctors in West Bengal has written to Chief Minister Mamata Banerjee, asking her to revoke a recent order that makes it mandatory for patients to use the Swasthya Sathi card while seeking treatment in government-run hospitals. Swasthya Sathi is the Trinamool Congress Government’s insurance scheme providing a cover of ₹5 lakh...

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India is among the most unequal countries, says World Inequality Report

-Scroll.in In 2021, the top 1% of India’s population earned 21.7% of the total national income, while the bottom 50% made just 13.1%. The top 1% of India’s population earned more than one-fifth (21.7%) of the country’s total national income in 2021, while the bottom 50% made just 13.1% of the Money, showed this year’s World Inequality Report released on Tuesday. The top 10% of the population owned as much as 57% of...

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As migrant workers return to work, domestic remittances rise -Surabhi

-The Hindu Business Line The trend signals normalisation of economic activities to pre-Covid levels With economic activities reverting to normal on most fronts, domestic remittances by migrant workers, too, has touched pre-Covid level and in fact is even higher, according to payment players. “Things have got back to normal, we see a lot of activity in the market. People have gone back to jobs and continue to send Money. That market continues to...

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