Sops for middle class, poor and farmers on cards.
Whether or not such an overhaul will be carried out depends on the government's comfort level.
If a risk taker and young, NPS would suit her/him. Otherwise, s/he should go for EPF.
Such a move will help bring clarity to the Centre's estimates of the demonetised amount
Increase of 10% to 12% likely in a bid to improve citizens' mood after demonetisation.
Senior bureaucrats say the government has planned a 'feel-good' Budget after the 'pain' of demonetisation.
IDS-2 and raids to uncover black money stash keep receipts flowing
Pronab Sen, the government's former chief statistician, says contrary to perception, GDP growth won't be drastically hit in the present quarter.
A large number of people using cards at PoS Cards being used more frequently Small-ticket transactions Mastercard South Asia head Porush Singh calls these the three key trends for a cashless future. And post-demonetization India, he believes, is steadily moving towards it.
The economy could return to 8% growth by the end of 2017-2018, says Arvind Panagariya, vice-chairman NITI Aayog.
Consensus seems a problem before the current session of Parliament ends.
Measures may include tax slab and rate revisions for individuals, companies.
Budget planners for now have been told to prepare with the assumption that GST will apply from April 1.
Branch networks will give preference to pensioners and labourers for withdrawing money.
'Demonetisation may have been well-intentioned, but it was a major mistake. The government should reverse it. It could at least declare that Rs 500 notes, which many poorer people frequently use, are legal again,' Basu, who till recently was World Bank vice-president, wrote in an opinion piece in The New York Times.
The study says the entire supply chain of goods and services will suffer a massive liquidity shock.
'Because of the government's step, the people are now going to splurge on consumption.' 'If you ask me, would growth be 8% for 2017-2018, I would say 7.5% because of the demonetisation move would not be very significant.'
Information gathered from a person's social media account will be matched with his or her declared income.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
Chief Economic Advisor Arvind Subramanian says that he hopes GDP growth will be at the upper end of the 7-7.5 per cent range.
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