Banerjee and his wife Esther Duflo have jointly authored ‘Poor Economics’ to impress upon the effectiveness of solutions to global poverty using an evidence-based randomized
Category: Demonetization
Jairam Ramesh targets PM Narendra Modi citing new demonetisation study – The Economic Times
A new study has claimed that demonetisation hit economic activity by 2-3 percentage points, bringing reduction in jobs and contraction in bank credit. Citing a
‘Blunder of DeMo, faulty GST implementation behind the slowdown’ – MONEY & BANKING – The Hindu BusinessLine
The government must simplify and rationalise GST, kickstartrural consumption, revive agriculture and tackle the lack ofcredit for capital creation, says former PM Manmohan Singh Sharing
Has corruption increased since demonetisation? Nirmala Sitharaman says YES – The Financial Express
For the government that has striven to clamp down corruption with mottos like “maximum governance, minimum government’ and with all the hoopla caused by GST
With the demonetisation boost gone, reality check for tax regime – The Financial Express
Of the 6.68 crore e-returns filed for income tax in FY19, 6.49 crore were for FY18; hence the 19% growth claim. After analysts at Kotak
आज रोख.. उद्याही रोखच..! | लोकसत्ता
रोख रकमेच्या व्यवहारांवर २०१६च्या नोव्हेंबरपासूनच निर्बंध आले, तरीदेखील इतकी सारी रोकड सापडते त्याचे गौडबंगाल काय? निवडणुकीच्या तोंडावर ठिकठिकाणी रोख रकमांची जी काही घबाडे हाती लागत
Income tax dept coming after demonetisation cases, sets June 30 deadline for field officers – The Financial Express
CBDT has also set the deadline for filing of references before NCLT with respect to ‘struck off’ companies by June 30. The Central Board of Direct
Demonetisation, GST raised risks for poor; social protection needs private hand to step up – The Financial Express
The disruption caused by major reforms such as GST and demonetisation have increased the risks faced by the poorest households in India, leaving behind the
Income tax: Taxmen use rare law to collect dues directly from bank accounts of evaders–Economic Times
Garnishee proceedings mainly refer to a situation where income tax officer gets a right to attach or collect money from anyone who owes money to
Tax filers increased, number of dropped filers declined post note ban, says CBDT – The Financial Express
Prime Minister Narendra Modi’s shock decision in October 2016 to suck up more than 85% currency in circulation had a positive impact on tax compliance in
India far away from being less-cash economy, must address digital payments security issues: Nandan Nilekani – The Economic Times
India is still very far away from being a less-cash economy and security issues around digital payments system needed to be addressed to make the mode more acceptable, Nandan Nilekani said
RBI rejected Modi govt’s these 3 key arguments on demonetisation; here’s what minutes of meeting reveal – The Financial Express
The Central Bank rejected the suggestions mainly around noteban’s likely effect on curbing black money and counterfeit notes. Even as Reserve Bank of India (RBI)
Note ban: Demonetisation to kill black money: RBI directors didn’t agree–Economic Times
Demonetisation won’t impact black money: RBI directors On November 8, 2016, the day Prime Minister Narendra Modi announced demonetisation, banning high-currency notes, to hit at black money, a
RBI: RBI says no data on demonetised 500, 1,000 notes used at petrol pumps – The Economic Times
The Reserve Bank of India also said it did not have information on the number of SBNs used to buy KYC-compliant instruments like insurance policies.
Cash deposit after note ban: CBDT sets deadline for completing assessment of 87,000 non-filers – The Hindu BusinessLine
The Central Board of Direct Taxes (CBDT) has set a deadline of March 31 for completing assessment for 87,000 non-filers who deposited ₹10 lakh or
Demonetisation | Note Ban: Demonetisation 2.0? New rule to regulate deposits may hurt many–Economic Times
Acceptance of unregulated deposits could trigger attachment and freezing of assets and even imprisonment. Highlights ‘The Banning of Unregulated Deposit Schemes Ordinance, 2019’ was notified
CIC pulls up RBI for non-disclosure of demonetisation records – The Economic Times
The petitioner told Information Commissioner Suresh Chandra that the information is not exempted under section 8 (1) (a) of the RTI Act as claimed by
Rural Economy: Wrong to use cash as indicator of jump in economic activity, rural economy still depressed: SBI
The note said we are in a state of “paradox” at present, where the CIC has expanded but the income velocity of money has shown
Cash in circulation now more than pre-demonetisation level – The Economic Times
The CIC-to-GDP ratio was 11.9% on the eve of demonetisation. MUMBAI: Currency in circulation touched a new high of Rs 20.65 lakh crore on January
Do not fret about India’s cash economy–Economic Times
An HSBC global research report finds a spike in India’s cash in circulation, after demonetisation had knocked off the bulk of it. The ratio of
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