Against estimates of black wealth of Rs 300 lakh crore and black money in cash of Rs 3 lakh crore by economist Arun Kumar, the PMGKY numbers fall short by a huge margin.
"India is not a country to lose courage. We will fight and win," he said.
Demonetisation should be judged to have delivered some immediate gain if at least around Rs 2 trillion gets immobilised.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
The PM alleged that a 'PC' (percentage commission) culture has become the state government's identity.
The government on Monday ruled out the possibility of free food-grains distribution to migrants saying there is no panic situation and no complete national lockdown unlike last year.
They say that a stimulus package may not be necessary because, unlike last year's total lockdown, public transport, including the railways and airlines, is running and the restrictions on movement are localised and, in some cases, are partial rather than total.
Despite his ministers on shaky ground, Chouhan -- at the helm for three consecutive terms -- is holding the fort. He is being aided by a capable team for public relations and the RSS, which has deployed its workers to bolster the BJP's campaign, reports Sandeep Kumar.
A combination of reduced cash intensity, a focused strategy of tax administration and GST is the way to go, say Sakshi Gupta, Tanvi Garg and Abheek Barua.
IDS-2 and raids to uncover black money stash keep receipts flowing
To help revive the economy battered by COVID-19, Finance Minister Nirmala Sitharaman on Monday announced a slew of measures, including Rs 1.1 lakh crore credit guarantee scheme for improving health infrastructure, and enhancing the limit under the ECLGS by 50 per cent to Rs 4.5 lakh crore for the MSME sector facing liquidity crunch. Sharing the details of stimulus package, the finance minister said this comprises eight relief measures and other eight measures to support the economic growth. She announced Rs 1.1 lakh crore loan guarantee scheme for COVID-affected sectors, including health sector, which includes guarantee cover for expansion or for new projects. Besides, she said, additional Rs 1.5 lakh crore limit enhancement done for Emergency Credit Line Guarantee Scheme (ECLGS) scheme.
While the government has the option of ensuring the passage of these Bills as money Bills, there are voices within the government advising discretion on the GST roll-out by April 1.
Six months after the lockdown was imposed, two dozen migrant workers were interviewed across five villages of Prayagraj. As the economy opens up, most of them are either hunting for a job or desperately waiting for a phone call from their previous employers. But the bruises of the lockdown are still fresh in their minds. Somesh Jha reports.
Here's the full text of President's Ram Nath Kovind's address to the joint sitting of both houses of Parliament on the first of Budget Session 2022.
The BJP would want that by March 2022, when UP votes, the economy starts looking up and it heads into the polls with no other issue distracting from its main poll plank of the construction of the Ram temple in Ayodhya.
'Most of the agitations are staged by the Opposition to disturb the peace of the state.'
Only national service can save the nation, and not politics: Modi
The government has only taken a pause and more measures will be announced in the days to come to help sectors hit by the coronavirus outbreak and also to make India 'Atmanirbhar Bharat', Minister of State for Finance Anurag Thakur said. Since the outbreak of the pandemic, the government has taken several steps to mitigate the hardships of the people due to lockdown and support growth, Thakur told PTI in an interview.
From India's fight against COVID-19 to China face-off, Kovind spoke on several issues during the televised address.
Accusing the Bharatiya Janata Party of not fulfilling its promise of giving a ministerial berth to Republican Party of India in Prime Minister Narendra Modi's cabinet, its chief Ramdas Athawale on Thursday asked the saffron party to get its act right, or risk the breakdown of 'Mahayuti'.
Piloting the Specified Bank Notes (Cessation of Liabilities) Bill, Finance Minister Arun Jaitley said it will extinguish the government's liability towards scrapped notes and also eliminate the possibility of their bring used as parallel currency.
'Their vote bank has shifted to the BJP; the Congress is yet to realise it.'
'Like doctors, health workers, police, bankers are also COVID warriors,' notes Tamal Bandyopadhyay.
Another bill related to the farm sector, the Essential Commodities (Amendment) Bill, was passed on Tuesday.
'Recently we held a video conference with a host (about 100) of US companies that want to move their base from China to Uttar Pradesh.'
While some CMs suggested reopening economic activity in phases, others pitched for the extension of the coronavirus lockdown, but with a carefully crafted exit strategy
'This is a watershed election in Indian politics.' 'For the first time, we are moving away from identity politics to aspirational politics.'
Jaitley increased the excise duty on most tobacco products by 10-15 per cent.
Anil Swarup, who conceived the Rashtriya Swasthya Bima Yojana -- a scheme the United Nations Development Programme and the International Labour Organisation recognised as among the finest -- speaks to Anjuli Bhargava.
This Budget signals a shift from a hand-out to a hand-up economy.
Finance Minister Arun Jaitley on Monday presented the Union Budget for 2016-17.
The patience, discipline, and resolve displayed by 125 crore Indians, will play a critical role in shaping the future of the nation for years to come, the PM said.
A provision of Rs 15,000 crore has been made in the budgetary estimate of 2016-17 towards interest subvention.
'I want to ask Modiji is the support price announced by him good enough to make a farmer's sons to start farming in their villages?' 'Can he swear by Bharat Mata and say that is true?'
BJP President Amit Shah -- arguably the second most powerful politician in the nation -- granted a rare television interview to the Network 18 group of news channels. Rediff.com's Rajesh Alva checks out what the BJP boss said in this word cloud assessment of the interview.
'A CEO is successful if he is able to retain the confidence of his shareholders. And the shareholders of India Inc have backed their prime minister-CEO to the hilt,' says Sudhir Bisht.
President Pranab Mukherjee on Monday addressed the first joint sitting of Parliament as mandatorily required under the Constitution after the general elections. The address is the political, economic and foreign policy road map of the Narendra Modi government and covers virtually all crucial areas.
Opposition on Monday picked holes in various government decisions like demonetisation and surgical strikes as well as allocation of funds for MNREGA, agriculture sector and Scheduled Castes, saying it has failed on all fronts despite which it is trying to "fool" the people.
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