Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
Apart from cotton, copper, petroleum and industrial machinery, India does not export much to China. This means that India buys six times the merchandise it sells to China, points out Abhishek Waghmare.
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
Creation of 115 million non-farm jobs over next decade critical to sustaining growth, says McKinsey
Taxes on health, excluding medicines, could rise from 8.8 per cent currently, to around 13.6 per cent - an increase of 4.8 per cent.
Moody's expects tax to be lower than the multitude of taxes such as sales tax, excise duties, local taxes, and value-added taxes the automobile sector currently pays
Seven months down the line, not much progress has been made, except that the scheme is still being fine-tuned.
Political scientist Vinay Sitapati explores the role played by the then Prime Minister P V Narasimha Rao in steering the reforms through in his new book Half Lion.
West Bengal and Maharashtra, despite having fewer public sector employees, are likely to face a higher burden of salaries and pensions.
The survey covered 47,535 households in rural areas and 36,065 households in urban areas.
Higher interest rates in the US do not necessarily coincide with capital outflows.
The Finance Commission has substantially increased the allocation of funds to panchayats, but a large part of it is apportioned by state governments.
This time there has been a rather peculiar criticism of the latest GDP numbers.
Sugarcane, which is grown by no more than 1.1 million farmers, consumes 70 per cent of water available in Maharashtra for irrigation. In contrast, about 10 million jowar, pulses and oilseeds farmers get only 10 per cent of irrigation water, points out Abhishek Waghmare.
Small and medium enterprises have been struggling to raise bank credit even as they have been powering India's manufacturing growth in recent years.
For debt-laden companies, asset sales is an obvious solution.
Not all NPAs are treated as wilful defaulters.
India is experiencing jobless growth and skepticism abounding that the country may not be able to cash in on its demographic bonus
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