'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.
The Niti Aayog is preparing 15-year vision document that will replace the Five-Year Plan from the next financial year
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
The Rajya Sabha on Wednesday approved the biggest tax reform since Independence.
For the government to meet its GST roll-out deadline of April 1, 2017, the states will have to ratify the Bill before Parliament's winter session, starting November.
Lack of political consensus on economic reforms a key concern.
With EU, it is part of the FTA that we will need to negotiate.
Cong leaders speak in two voices but final stand may be decided at a meeting headed by Rahul Gandhi next week
Gujarat and Jharkhand are most favourably placed in terms of smaller share of public sector employees and lower liability on pension, wages and salaries.
'Now, we have a minimum pension of Rs 1,000 annually.'
To decide whether capital gains on surrender of call options are taxable
It should be noted that the CPC allocation is provisional.
The panel's recommendations will be aimed at making a predictable and non-adversarial tax regime in the economy.
Budget may bring exemption for those backed by Indian securities other than shares
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