Exporters believe the situation will also have a grave outcome for employment, with large numbers of casual laborers looking at no work, as well as downstream units facing a loss of work, reports Subhayan Chakraborty.
A task force will speed up the recalibration of 200,000 ATMs so these can dispense the new Rs 2,000 notes.
While the government's demonetisation move is aimed at curbing under-invoicing, the worry was that retailers would de-stock in the short term, impacting sales.
The focus is likely to be on consolidation and improvement of existing rural-centric programmes to ensure their completion ahead of the next general elections in 2019, rather than announcement of new schemes. Sanjeeb Mukherjee and Arup Roychoudhury report.
Overall business confidence index is at 6-quarter high: Ficci survey
Government hits back, tells rating agency to introspect on processes.
According to a source close to the development, the government is set to come out with a notification in this regard by the end of this week.
The government has managed Rs 21,000 crore through stake sales and buybacks in the first six months, the highest-ever first half divestment revenue for any year by a good margin, raising expectations for the rest of FY17.
Government considering proposal to allow conversion of used cooking oil into biodiesel, say Shine Jacob and Shreya Jai.
Dharmendra Pradhan lays bare the next course of action for his ministry and says RIL will have to pay the same price at which it produced the volumes.
'GST gives a huge relief to small businesses of India and West Bengal.'
The scheme would cover incidents like robbery and dacoity.
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