Events proved that on every count the RBI had accurately predicted both the damage and the lack of benefit.What the RBI was hiding was the fact that Modi had ignored its concerns -- all of which......
ArthaKranti, which suggested demonetising Rs 500 and Rs 1,000 currency notes, wants the government to abolish income tax and replace it by a banking transaction tax.Archis Mohan reports. 'Imagine,......
States sent queries for research to NIPFP in Feb-March; Work on research started around July, reveal Nitin Sethi and Ishan Bakshi.Illustration: Uttam Ghosh/Rediff.com Months before demonetisation,......
According to the NIPFP, there is the possibility that even if the banking system matures over time, some transactions could bypass the system so as not to pay the BTT. Illustration: Uttam......
The Bharatiya Janata Party's proposed banking transaction tax is ill-conceived and inadvisable but it is disruptive enough to raise questions about the perverse nature of India's current tax regime......
'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. 'Why will black......