Demonetisation | The Asian Age

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The rollout of the GST last year was a landmark accomplishment that can be expected to enhance the efficiency of intra-Indian movement of goods and services, create a common national market, enhance tax buoyancy, and boost GDP growth and job creation, he said.

India economy recovering from note ban: IMF

Calling this development a “welcome change”, Zhang said the growth prospects remain positive.

12 Mar 2018 4:44 AM

Earlier at the University of California, Berkeley, Gandhi had said that Modi had caused “tremendous damage” to India’s economy with his 'reckless and dangerous' decisions like demonetisation and 'hastily-applied' GST. (Photo: File | PTI)

If PM, would have thrown demonetisation in dustbin: Rahul Gandhi

Rahul began the Malaysia leg of his visit by interacting with an 'enthusiastic gathering' of Indian diaspora.

10 Mar 2018 7:03 PM

Unemployment rate hits 15-month high, says study

The unemployment rate had reached a 71-week high in the week ended February 25, according to CMIE.

07 Mar 2018 1:33 AM

The two co-founders Kumar Abhishek (left) and Vivek Kumar Singh in the office

Brace for tone revolution in digital payments

Mr Abhishek, while discussing the challenges, cited the timing of demonetisation playing spoilsport to their plans.

06 Mar 2018 1:31 AM

The finance ministry said the data indicates a broad-based and significant acceleration of real economic activity, as projected in the Economic Survey.

India overtakes China as fastest growing economy

2018-19 too could bode well for India as the global economy is likely to move up in the New Year.

01 Mar 2018 12:59 AM

PNB lodged two financial fraud complaints of Rs 11,400 crore and Rs 280 crore against Nirav Modi, his family members and Mehul Choksi. (Photo: Nirav Modi website)

Nirav Modi deposited cash worth Rs 90 cr in PNB before note ban: report

Prime Minister announced the ban on Rs 500 and Rs 1000 Indian rupee notes, on November 8, 2016.

25 Feb 2018 5:25 PM

The real problem is that tax revenues are difficult to increase with 40 per cent of the population being either poor or vulnerable to fall into poverty.

Innovate, outsource to fund, deliver services

The conundrum is that higher growth needs higher public spends of around 6-8 per cent of GDP on infrastructure, health and education.

13 Feb 2018 12:41 AM

The government had on November 8, 2016 banned the use of Rs 500 and Rs 1,000 notes and allowed the holders of these currency bills to deposit them with banks or use them at certain notified utilities. (Photo: AFP/Representational)

Demonetised notes still being ‘processed for accuracy, genuineness’: RBI

As on date, 59 sophisticated Currency Verification and Processing (CVPS) machines are in operation in RBI for the purpose.

11 Feb 2018 1:09 PM

I-T department also cautioned eligible trusts, political parties and associations to file their income tax returns by this final deadline. (Photo: PTI)

DeMo depositors, all companies should file ITRs by Mar 31: I-T

Non-filing or incorrect filing of return of income may result in penalty and prosecution.

09 Feb 2018 1:38 PM

The case is related to the purchase of gold by some associates of the retired IPS officer during the demonetisation.

Kolkata: CID summons IPS officer Bharati Ghosh for questioning

It is not clear whether Ghosh who is out of the state now will appear before the CID where she was once posted as special superintendent of police.

06 Feb 2018 2:09 AM

Finance Minister Arun Jaitley meets President Ram Nath Kovind at Rashtrapati Bhavan before presenting the Union Budget 2018-19 in the Parliament. (Photo: Twitter | ANI)

Finally, rural India gets some attention

Jaitley’s real game-changer was the National Health Protection Scheme, covering 10 crore poor families or 50 crore people.

02 Feb 2018 4:53 AM

However, it said that as income growth over time pushes many of the new tax filers over the threshold, the revenue dividends should increase robustly.

GST, note ban to push tax revenue higher: Survey

The Survey pointed out that one of the aims of demonetisation and GST was to increase the formalisation of the economy.

30 Jan 2018 12:44 AM

Union Minister for Finance and Corporate Affairs Arun Jaitley (Photo: PTI)

Survey sees robust revival of economy

The Budget’s focus is expected to be on education, agriculture and employment.

30 Jan 2018 12:11 AM

Arun Jaitley will likely step up funding of existing rural programmes such as a jobs guarantee scheme, rural housing and a crop insurance plan in what will be his final full year budget before the general election. (Photo: PTI)

With elections coming up, what to expect in this year’s Union Budget

According to the official, 'The budget is likely to offer incentives to the farm sector and small businesses.'

28 Jan 2018 8:58 PM

Prime Minister Narendra Modi (Photo: PTI/File)

What’s Modi’s plan for India after 2019?

Does Mr Modi have a roadmap beyond the victory post-2019?

26 Jan 2018 1:48 AM

Modi listed bringing unbanked people into the banking network, construction of toilets in over four lakh schools, cooking gas connections to three crore families etc.(Photo: file)

Modi pitches for simultaneous parliament, slams caste politics

Modi praised his government's work, saying GST and demonetisation are not its only achievements.

20 Jan 2018 8:06 AM

The counting is underway to ascertain the exact amount of money. (Photo: ANI/Twitter)

UP police seize demonetised currency notes worth Rs 100 cr in Kanpur

The cash was in Rs 500 and Rs 1,000 notes, which were demonetised by the government in November 2016.

17 Jan 2018 12:24 PM

Prakash Pandey, a resident of Haldwani, the largest city in the Kumaun region, had recounted his story to Uniyal during a Janata Darbar programme at the BJP office in the state capital on Saturday. (Photo: File | Representational)

U'khand man who consumed poison to protest against note ban, GST, dies

The victim said he had to consume poison as his attempts to draw the attention of Modi, Arun Jaitley and Amit Shah through letters failed.

09 Jan 2018 7:56 PM

The 6.3 per cent GDP growth in 2018’s second quarter comes after five quarters of low growth, from a nine per cent high in 2016 fourth quarter.

At last, a positive signal

The number of jobs created may not be close to the 10 million jobs he promised in five years, but it could be a beginning.

05 Jan 2018 12:05 AM

Poll bonds’ benefits are not quite clear

The much-touted 2G spectrum corruption scandal has also been dismissed by the court.