Growth in the third quarter (October-December) is expected to be the weakest in years, with spending hit due to unavailability of enough replacement currency.
Limited IT staff may compel them to focus on big fish than small depositors.
A senior finance ministry source said making the use of debit cards and e-wallets compulsory across the board is legally untenable, but banks have been asked to insist their account holders use these instruments
The total balance in 255 million Jan Dhan accounts now stands at Rs 66,637 crore against Rs 45,637 crore on November 9.
Grains, non-mineral water might be on the list; biscuits, butter and cheese might attract GST
The minders of the Modi government's economic policy believe it would take 7 to 8 quarters -- or till around late 2018 -- for the economy to reap the rewards of demonetisation.
With a staff crunch, it seems the I-T department would now target only the big fish rather than go after small assessees.
Continued lack of consensus at next meeting could cast shadow on GST rollout by April 1.
Former NSA Shivshankar Menon said the defence minister did not have a right to voice his personal opinion on nuclear policy in public, particularly when that opinion contradicted the country's official policy.
'People are willing to face temporary inconvenience as they are determined to support PM Modi's crackdown on black money,' Commerce Minister Nirmala Sitharaman tells Archis Mohan.
'Day by day, the queues will shorten.'
Information gathered from a person's social media account will be matched with his or her declared income.
The Centre is likely to introduce the Central GST and integrated GST bills in late November or early December in the ongoing session in the form of money Bills.
ArthaKranti wants the government to abolish income tax and 56 other taxes and replace it by a banking transaction tax.
Budget announcements will come right before five states, with population of around 250 million, go to polls.
Amid persistent fear of prosecution and penalty, people across income classes are looking for ways to do away with stacks of higher denomination currency.
A BJP leader said the money would be spent on welfare schemes for the poor, modernising of defence forces, and improving schools.
Congruence on terrorism, current disquiet on immigration, short-term visa would top the wish list.
The government will assess how cash deposits after the demonetisation could be brought under the tax net, says Revenue Secretary Hasmukh Adhia.
It has the potential to burnish his image as a strong leader, bring down inflation and could turn out to be common man-friendly.
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