-NDTV (With inputs from agencies) As ATMs ran dry in several parts of the country, finance minister Arun Jaitley said the shortage is temporary and is being tackled quickly. New Delhi: In response to reports that ATMs in several states are running dry, Finance Minister Arun Jaitley today conceded a "temporary shortage in some areas" and said it was being "tackled quickly". The Reserve Bank of India said the shortage...
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Cash shortage likely to get worse in Delhi-NCR, Mumbai as ATMs run dry
-BusinessToday.in As the problem of sudden cash crunch hits several states of the country, India's two major regions, the Delhi-NCR and Mumbai, can severely get affected in the coming days if the situation persists. According to sources in one of the largest private banks in the country, in the past one week the Delhi-NCR region received around 20 per cent of the cash supply it used to get on a daily...
More »7 mn jobs in FY18? An 'independent study' with government's hand-holding -Somesh Jha
-Business Standard EPFO data given to non-government researchers for the first time. EPFO was unaware of the access The study that claimed 7 million people would be added to the payroll in 2017-18 was triggered by the Prime Minister’s Office (PMO), which had asked the NITI Aayog last October to give “quick indicators for direct or indirect reflections on employment data” to be able to arrive at “desired trends in employment at...
More »SBI's Budget 2018 pitch: Increase income tax exemption limit to Rs 3 lakh
-PTI NEW DELHI: With rise in personal disposable income post 7th Pay Commission, the income tax exemption limit needs to be raised by Rs 50,000 to Rs 3 lakh, a SBI report said on Monday. The move will benefit around 75 lakh people, it said. The SBI's Ecowrap report further said that if the exemption limit of interest payments under housing loan is increased to Rs 2.5 lakhs for existing home loan...
More »Electoral Bonds prize anonymity, you won't know who's bought them -Milan Vaishnav
-The Indian Express Far from reducing opacity in how politics is financed, this new vehicle merely legitimizes it. It is an open secret that political finance in India is, to put it mildly, a sordid affair. When it comes to political contributions, opacity reigns. The situation is not much better when it comes to expenditure, as candidates regularly declare laughably small amounts of campaign spending in order to give the appearance...
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