-The Times of India Former economic affairs secretary Shaktikanta Das , who played a key role during the Demonetisation drive, spoke to TOI's Sidhartha & Surojit Gupta, four months after retiring from service in May. He says he does not agree with the criticism that implementation of Demonetisation had serious shortcomings. Excerpts: * What is your assessment on the state of the economy? The macroeconomic parameters, except the growth figures which are down...

-Livemint.com Digital transactions rose 13.5%—from Rs109.82 trillion in August to Rs124.69 trillion in September, the second highest for a month since the Demonetisation exercise New Delhi: Digital transactions in September rose to the second highest monthly level by value since the government’s Demonetisation exercise in November. Transactions through digital means rose 13.5% to Rs124.69 trillion in September from Rs109.82 trillion in August, according to provisional data released on Wednesday by the Reserve Bank...

-The Indian Express To suggest that Demonetisation improved rural wages on the basis of rise in income of some workers is misleading. It halted the recovery of the rural economy, which had begun after the 2016 monsoon. There is now a consensus that the economy has been slowing down and is headed for a hard landing. Many who matter have spoken out and as Yashwant Sinha points out (‘I need to speak...

-PTI After Demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage online payments Mumbai: The government’s digital payments push, mainly online card payments through point-of-sale (PoS) machines, may leave already capital starved banks bleed by a whopping Rs3,800 crore annually, warns a report. After Demonetisation last November, the Narendra Modi government has pushed banks into deploying millions of points-of-sale (PoS) machines to encourage...

-The Indian Express The RBI which studied the results of 2,726 non-government and non-financial companies said the overall EBIDTA of these corporate showed a 0.2 per cent increase. However, net profit declined by 6.9 per cent even as sales improved by 7.2 per cent. Mumbai: Small companies are finding the going tough with sales and profits taking a big beating in the wake of Demonetisation and implementation of Goods and Services Tax (GST)....