'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.
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 study says the entire supply chain of goods and services will suffer a massive liquidity shock.
Experts claim impact of breather limited as most hybrid vegetable seeds are sold by private companies.
'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.
Budget announcements will come right before five states, with population of around 250 million, go to polls.
Work in mandis across UP and in northern India which till Tuesday, witnessed heavy arrivals of newly harvested paddy, saw a steep decline.
Significant portion of the funds used to fuel urban demand have become illegal and inoperative.
The focus is likely to be on consolidation and improvement of existing rural-centric programmes to ensure their completion ahead of the next general elections in 2019, rather than announcement of new schemes. Sanjeeb Mukherjee and Arup Roychoudhury report.
BMS, BKS and SJM are trying to forge common cause with outfits on the other side of the ideological divide over the government's policies they are not in agreement with.
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
The NITI Aayog has big plans for Indian sport.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
The fund allocated for pulses buffer is more than 40% of entire farm ministry's 2016-17 budget.
Rains have been 5% below normal so far, but Met department sticks to its forecast
The textiles sector is India's largest organised employer and critical for the prime minister's dream of creating jobs
Skymet said September would be much better and it expects it to end at 111 per cent of the LPA
In the global markets, pulses prices have slumped because of a bumper harvest.
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