The Congress president said the PM should apologise for the note ban decision.
Declaring demonetisation a complete failure may turn out to be hasty, argues economist Ashok K Lahiri.
Union ministers fanned out across the country to highlight the crackdown on black money to mark the first anniversary of demonetisation on Wednesday which the Bharatiya Janata Party celebrated as "Anti Black Money Day" while the Congress-led Opposition observed it as "Black Day" with street protests.
'On the road, you see only youth in Swiggy, Big Basket and Zomato uniforms.' 'Just now, I had a delivery from Amazon, and do you know what his qualification was? He was an engineering graduate!' 'The Ola driver who took me to the airport had an MCom degree. 'Where is the match between education and employment?'
The slowdown had been brewing since 2016 but was intensified further by several disruptions in the past two years including demonetisation.
Housing prices may rise 5 per cent next year on improved demand, according to Knight Frank India. In its '2022 Outlook Report', the property consultant said: "While 2021 was mostly impacted by the volatility due to the pandemic, 2022 may prove to be a more stable year for the sector both for commercial as well as the residential sector." On the housing segment, the report said that sales momentum is expected to continue in 2022 as prospective homebuyers' preferences for bigger homes, better amenities, and attractive pricing will keep them interested to seal the deals.
Opposition members in the Lok Sabha on Monday blamed the Bharatiya Janata Party-led central government's policies for the price rise and accused it of ignoring the plight of common people, saying kitchens will soon "see a lockdown" if the Centre does not take corrective measures.
'The finance ministry and the RBI will never admit to the difficulties in the economy because if they do so, it will adversely impact the financial markets, etc.' 'They like to present a rosy picture that everything is fine and under control.'
Post demonetisation, there has been a hike in collection of personal income tax
He will highlight the pain suffered by public due to demonetisation.
'Unemployment barely figures in the Budget except as a derived demand from the industry and infrastructure.' 'There is no effort at direct attack on unemployment.'
India's residential market is expected to sustain demand momentum despite rise in mortgage and property rates as sales this year across the top 7 cities are likely to breach pre-pandemic level of 2.62 lakh units, industry players said. After braving four back-to-back disruptions in form of demonetisation, RERA, GST and COVID-19 in the last 6 years, industry experts feel the housing market is going through a lot of structural changes and is now at the start of a long-term upcycle. Homebuyers body FPCE gives credit to the Real Estate Regulatory Authority (RERA) under the Real Estate (Regulation & Development) Act, 2016 for this improved buying sentiment.
CBDT feels 30% growth in income-tax not feasible.
The cash crunch following demonetisation and transaction fees that do not cover costs are among the reasons why the sector is struggling.
Althea Krishna's collection inspired by the defunct 500 and 1,000 notes was showcased at Lakme Fashion Week Summer/Resort 2017.
Rapid strides in digital payments notwithstanding, the Indian economy will likely remain cash-dependent for many years to come, at least that's what the automated teller machine makers and cash logistics companies are betting on. After growing at over 20 per cent for most of 2020, currency in circulation growth fell to 8.5 per cent as of October 29 this year, shows data from the Reserve Bank of India (RBI). The reason for the steep rise in currency last year was the uncertainties related to the Coronavirus (Covid-19) pandemic, where people preferred to hoard cash to meet exigencies.
Breaking from opposition ranks, the JD-U chief had supported the demonetisation move taken by the PM.
"There can be a situation where a person has lost his/her money for no fault," SC said.
Earlier this month, the Central government said in a reply in Parliament it had taken measures to double farmers' income by the end of FY23 and the progress made so far indicated it was "on the right track". However, a close look at the data and at the assumptions made shows that as of now, it appears the country is unlikely to achieve the goal in real terms.
The apex court said that the government should file an affidavit by April 11 explaining the reason why the window was not created for the people having difficulty and the chance was only given to NRIs and the citizens who travelled abroad.
After the Ukraine war, coke prices just soared and most units don't have money left to buy raw material. Customers are not absorbing the price escalation'
'Modi has given India its 'lost half-decade'. Elect him again and by 2024 it will be a lost decade'
Earlier, RBI had refused to disclose information about consultation undertaken before the demonetisation move was announced by the prime minister on November 8.
He said that land, a state subject, was a big destination of black money while reform in political funding was also important
The shoe, however, missed its target and the youth was nabbed.
He also criticised the Centre's ambitious Ahmedabad-Mumbai bullet train project and dubbed it an exercise in vanity.
'If Urjit Patel had resigned after the five-state elections results people would have taken a different view. So this was the right time for him to resign.' 'He rightly resigned as he felt the differences with the government were not getting settled.'
From hitting the 1,000-mark on July 25, 1990 to reaching the 60,000-mark for the first time on Friday, it has been a historic and memorable journey for the benchmark index Sensex. It has taken a little over 31 years for the Sensex to traverse from 1,000 level to the famed 60,000 level now. Over the years, the frontline index has climbed several record levels. The index had reached the 10,000-mark for the first time on February 6, 2006.
Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited, it said.
"Demonetisation sends a very, very strong signal that the days when the central government was complacent are over. If you misbehave, it will be seen that you pay for it," Panagariya said.
The Congress won 77 seats or 42% of seats in the 2017 polls. How then can Gujarat be called a BJP bastion, asks Sanjeev Nayyar.
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.
The thing is that unemployment and joblessness are a personally felt shame. It is not easy to mobilise a set of people who identify with others as a group that cannot get work, asserts Aakar Patel.
In 50 days, 60% of the work force was let off in retail, agri, textile and other sectors.
Ambrose D'Mello, the Independent candidate from Bengaluru South, has been on maun vrat for 15 years. He does not own a house, does not wear footwear and sells books to earn a living.
New filers reported an average income, in many cases, close to the income tax threshold of Rs 250,000, limiting the early revenue impact.
Sena said many banking frauds have come to fore during the Modi regime.
Even as people lined up for the final time to deposit their old notes in banks, Lalu Yadav launched a scathing attack on the PM over his demonetisation scheme.
They believe that the key reason behind such a high growth rate could be "a steep downward revision" of the year-ago base period.
The TMC chief and West Bengal CM made the remarks after her party member received three calls from the CBI.
