The finance minister also hinted that not all of the Rs 15.44 lakh crore worth of currency junked will be remonetised through issuance of new notes as he said digital currency will fill the gap.
Unless RBI temporarily relaxes the norms on recognising of bad loans, the pressure on this front could rise in the December quarter.
Jaitley said note ban has compelled people to deposit money into bank accounts.
'We have promised to ensure reduced tax rates.'
Sidbi acquires Ahmedabad-based start-up at hefty premium; founders deny link to govt.
If the states do not chip in with better governance procedures in the setting up of new businesses, providing electricity connections, enforcing contracts, issuing construction permits or registering property, there is little the Centre can do on its own to quickly move India up the index on ease of doing business, says A K Bhattacharya.
Lost in this maelstrom is the unasked question about what are the secrets the government really needs to keep? One can appreciate the need to keep news about movements of troops secret. But what is the need of sealing, and sequestering away the bulk of the work being done by ministries dealing with economic and social welfare, asks Sunjoy Joshi.
Among other things, taking note of complaints against several Chinese e-commerce players such as Shein, Ali Express etc for sending shipments as 'gifts' to customers in India and avoiding duties, the government has now mandated that all e-commerce sites and apps must have a registered business entity. This will be the importer on record and subject to customs rules, report Subhayan Chakraborty, Neha Alawadhi and Karan Choudhury.
'Facing foes with a common intent is not something Modi-Shah's BJP has done before,' points out Saisuresh Sivaswamy.
'The current crisis is a result of a clash between a coercive attempt by the government to justify demonetisation and rising digital transactions against the market and the economy fighting the unexpected pressure from atop.'
Chidambaram said that of the total 17 lakh (1.7 million) registered service tax payers, only seven lakh of them were paying the levy.
The report touches on variety of issues including consent, rights of children, data protection authority and right to recall data.
The Central Information Commission has directed the Central Board of Secondary Examination to allow inspection of class 10th and 12th school records of Union Minister Smriti Irani, rejecting CBSE's contention that it constituted "personal information".
The issue of 1978 DU degree records cropped up after Aam Aadmi Party raised questions about the degree of the PM.
The remarks by the top court came at the fag end of the day-long hearing after WhatsApp, while opposing the maintainability of the plea challenging its 2016 privacy policy, explained the nitty-gritty involved in it.
Hyderabad-based Pi Datacenters wants to be the first destination of choice for enterprises in data and cloud services.
Ways on how consumers can maximise benefits.
Wipro has been quite aggressive among Indian IT services companies in acquisitions as a strategy to buy the capabilities in emerging technologies.
Technology, not just cost, is key to IT's future.
'What's the point in lamenting widespread toxic work culture, and the capitalist system that gives rise to it if there is no alternative?' 'Actually, there is,' says Ashish Sharma.
This was due to a planned expenditure being revised
In two months, the lender has disbursed about 25,000 car loans
More, many market gurus expect the Sensex to reach 30,000 levels by December and 40,000-45,000 in three to four years.
The West Bengal government declassified 64 files on freedom fighter Netaji Subhas Chandra Bose in Kolkata on Friday.
Here are four things to keep in mind after buying life insurance
While people have paid the price for the disruption it caused, now is the time to reap its benefits, says T N Ninan.
Practo is an online health service platform which assists patients to meet the best doctors and keeps digital records.
The Supreme Court on Monday ordered replacement of "old and worn out" tarpaulin sheet, ropes and other material with new ones.
The cancellation of over a million duplicate or multiple permanent account numbers belonging to the same person or entity may have led to the disappearance of many of those who used to file returns earlier, but now no longer exist, says A K Bhattacharya.
Assuming that demonetisation had not happened, the value of notes in circulation this year could have increased to Rs 19.3 lakh crore. But what we have, instead, by the end of August is a 20 per cent lower figure for currency notes in circulation, says A K Bhattacharya.
Banerjee urged President Pranab Mukherjee to "save" the people of the country from the hardship caused by demonetisation and the resultant cash crisis
Investors are already factoring in the impact. The IT Index on the BSE exchange dipped 2.5 per cent, with Infosys, Wipro and TCS showing a decline.
The failure to reform has meant that there is no buzz about job opportunities, or about urban opportunities enticing young people off the farms. And it is this failure that has contributed to the widespread disappointment that threatens to make the next general elections closer than expected, says Mihir S Sharma.
Last-mile verification with Aadhaar-Based Biometric Authentication have the worst record among other options available to check PDS pilferage. So the Centre's insistence on that option is bewildering, says Reetika Khera.
The founder of the e-commerce firm, which specialises in procurement of industrial products, believes if he plays his cards right, his company could become a unicorn with a valuation of $1 billion in 5 years.
Indians want change and progress. They should be willing to accept tough decisions, says Sanjeev Nayyar.
'We need more universal films like Dangal, Sultan or Padmavat that work across single screens and multiplexes.'
Entirely new businesses have been built using data to disrupt traditional companies.
'We have not issued notices randomly.' 'We have done the risk profiling of individuals, and sent to those whose profile has not matched with their declared income.'
Is the curated and limited data put out by the central government sufficient enough to pass a judgement on the trend in GST collections, particularly that of the Centre?
