I-T lens on current account deposits over Rs 12.5 lakh. All the news and more post demonetisation.
The prime minister touched upon many issues including scrapping of Article 370, triple talaq and many more.
According to the RBI's Financial Stability Report, the industry's gross bad-loan is at a 14-year high. As RBI's March 2017 deadline for banks to clean up soured credit looms closer, Shailajanand Mishra takes stock of just how bad the situation is.
Honest tax payers need not worry about the new black money law, says finance minister Arun Jaitley.
To get same tax treatment as FIIs; rules on search & seizure and consent settlement cleared
The government should set up agricultural co-operatives in every cluster of villages and in respective districts on a war-footing within a time limit. We should involve the services of our military personnel who retire at a young age with several years of working life still left in them and would be happy to contribute to nation-building, recommends Atul Gupta.
'Overall, domestic demand has moderated significantly. 'The weakening of private consumption, which for long has been the bedrock of aggregate demand, in particular, is a matter of concern,' RBI Governor Shaktikanta Das said in the MPC meetings, in October.
IMF, which has also lowered its global economic growth forecast for 2016 and 2017 by a marginal 0.1 per cent to 3.1 and 3.4 per cent respectively, recommended six 'reform priorities' for India
This Budget plans for an increase to 10.3% of GDP from 9.9%.
Deadline to submit convincing reform plans is this week.
What does Nobel Laureate Abhijit Banerjee thinks about India's education sector?
Delhi CM Arvind Kejriwal said the govt will extend a loan of Rs 551 crore to two civic bodies; and alleged a situation was being created through the ongoing strike to prepare grounds for imposition of central rule.
The Congress leader also targeted Modi over "hasty" implementation of the GST, and his pet bullet train project.
'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.'
The first task before him is to get used to the idea of working with the Monetary Policy Committee
There was no word on whether or when Patel would be talking to the media about his priorities and plan of action as head of Mint Street
'EVMs are absolutely credible, they are robust.' 'It's only a calculator with certain instructions. And the sim card inside an EVM is burnt and cannot be reprogrammed.' 'Besides, the machines are circulated among various states. No machine is allowed to remain in one state after an election.' 'By far, it is one of the finest innovations India should be proud of.'
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
In a statement, the CPI-M Politburo contended that a political party was a voluntary association of citizens who believe in the ideology, programme and the leadership, and it was accountable only to its membership.
Incessant rains continued to lash Mumbai city and neighbouring districts on Saturday, throwing normal life out of gear even as weathermen predicted heavy showers across the state for Sunday.
RBI Governor Raghuram Rajan on Tuesday kept the repo rate unchanged 6.50 per cent.
The need for larger investment in infrastructure that is the biggest shortcoming, says A V Rajwade.
The indebtedness of Indian companies has had an adverse impact on the economy's investment climate apart from weakening their performance and seriously impairing the financial health of the banking sector. Unless both the problems are resolved, there is little chance of reviving investment and boosting growth on a sustainable basis, says A K Bhattacharya.
In a Q&A with Doordarshan, Jaitley discusses how he chose the areas on which he would spend more.
India Inc is encouraged by a determined Budget.
'2017-2018 will be one of the best years for the country.' 'The wheel has finally started moving in the right direction. It should pick up momentum in the next 8 to 9 months to have a positive impact on the economy'
Farmer leader Joginder Singh Ugrahan said told reporters after the meeting that the unions urged the government to repeal the three laws, but the Centre was unwilling to do so. "We decided to meet again on January 19 at 12 pm," he said.
'There is a fiscal crisis building up, which might become apparent when the Finance Commission presents its report,' warns T N Ninan.
Finance Minister Arun Jaitley said the inflation index would determine the nominal growth figure, and it is better to set modest targets and outperform them.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
Bowing to mounting public pressure, Karnataka Chief Minister Siddaramaiah on Monday decided to hand over to the Central Bureau of Investigation the probe into the mysterious death of an upright Indian Administrative Service officer that had led to national outrage and state-wide protests.
RBI Governor Raghuram Rajan on Friday pitched for incentivisation of domestic savings to boost investments in the country.
'Secrecy allowed in the electoral bonds scheme legalises anonymity'
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The power of a nation is directly related to the revenues it realises from its citizens. But India loses a gargantuan Rs 5.8 lakh crore, as the IT department drags its feet over recovering uncollected taxes in time or holding up files in appeal cases, says Mohan Guruswamy.
The parties, including the Communist Party of India-Marxist, the Samajwadi Party, the Rashtriya Janata Dal and the Trinamool Congress, said they will collectively oppose the Union home ministry's order issued on Thursday.
The decision to do away with Rs 500 and Rs 1,000 notes accelerated the slowdown in economic activity with growth averaging 6.8 per cent in the seven quarters after it, as against an average of 8 per cent in the six quarters preceding it, says former chief economic advisor Arvind Subramanian.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
From FY18, Ind-AS will be mandatory for all listed entities, barring those listed on the SME platform.
Karunanidhi was convinced that using the 2G cases against the DMK and reopening the fodder case against Lalu Prasad Yadav were products of the Congress leadership's short-sightedness. A revealing excerpt from A S Panneerselvan's Karunanidhi: A Life.
'The role reversal of those in favour of GST and those opposing it is troubling.'
