Months before 8/11, MP, Haryana probed note ban
despite an Election Commission notification, disallowing tax benefits on cash donations to political parties, the cash contribution increased from 0.14% in FY15 to 1.42% in FY16.
'We asked them to withdraw these instructions immediately.
'We said, "If you don't withdraw, we are going to give a call that from tomorrow officers will totally boycott these instructions".'
The ripples from November 8 may be seen in next year's state budgets.
There is anti-incumbency in urban areas. Rural Punjab, the Akali base, will hold the key.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
In the concluding article of a six-part series, Business Standard visits Ludhiana, one of the largest industrial towns in Punjab, to assess the effect of demonetisation.
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
We are certainly for digitisation. I do not have opinion about demonetisation. I still don't, says Bill Gates.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
Instructions from the Union rural development ministry to the state officials on the WhatsApp group show that the chat was also used as an off-record avenue for the Union government to pass instructions, which it could not have done through formal channels, keeping the law in mind.
Centre's off-the-record instructions through WhatsApp and a squeeze on funds brought the rural work programme to collapse after a roaring first half of the year.
Even as there is a strong anti-incumbency mood in Punjab, the multi-cornered contest has made the 2017 assembly polls prediction more difficult.
India tried to block the project at the fund's board meeting in South Korea, but later agreed to approve it with new condition, reports Nitin Sethi.
Defence Minister Manohar Parrikar wants the Modi government and BJP to reap the profit of the surgical strikes. But electoral history suggests a political party's ability to exploit military successes for poll gains has a mixed record.
Most villagers decided to stay back to harvest crops, their only source of livelihood.
Reducing it to 1.3% would lead to savings of Rs 70,000 crore over 5 years
100 square kilometre of Panna Tiger Reserve could go under water, writes Nitin Sethi.
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