This analysis is based on only reported cash transactions
'I have done all the research. If it fails, I am to blame,' PM Modi had said
The lower participation of workers was also captured by the Centre for Monitoring Indian Economy (CMIE) in its survey
Markets currently trade at over 20 times its one-year forward earnings, compared to the long-term average of 16 times
Exact impact on growth difficult to estimate in absence of data on informal sector
In terms of value, the transactions were valued at Rs 70.57 billion in October 2017
The Corporate Affairs Ministry said that the information with respect to such companies had been shared with enforcement authorities
What is also interesting is that Praful Patel dismissed Rahul Gandhi's soft Hindtuva pitch in Gujarat as 'temple tourism'
Daily workers are now paid collectively for around 15 days, which has affected their routine
It will be one year since demonetisation on November 8
SC said it has not opined on the merits of the validity of the ordinance or on the demonetisation decision
Bibek Debroy, chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), today said demonetisation should be seen as part of government's drive against black money and not in isolation.Speaking at an event to launch of book 'Black Money and Tax Havens' by Prof R Vaidyanathan, Debroy said the government had earlier come out with black money declaration scheme, which yielded only Rs 6,500 crore.Referring to cash economy, he said around 2000-01, India's Cash to GDP ratio was 9-10 per cent, which recently shot up to 13 per cent."There was excessive use of cash that is why cash to GDP ratio went up," he said.The government's decision to demonetise old high value currency notes on November 8, 2016 should not be viewed in isolation, it was a part of broader set of measures, Debory said."Almost entire amount of demonetised currency come back into the banking system because people realised that threat is credible. War against black money was necessary," he added.As per the ...
After November last year, prices fell and the real estate market, which operated mostly in cash, the same as everywhere else, crumbled
Seafood exports from the state bring in a large proportion of Kerala's revenue
According to Maira, it was, however, yet to be known whether the rich got hurt
The cash component in real estate has been there at various levels, beginning with land transactions where it amounts to 30-50%
Banks have also seen a surge in the demand for debit and credit cards, online transactions and fund transfers through RTGS and digital payments
The opposition has declared that it will observe 'black day' on November 8
Demonetisation 'biggest diabolical method of money laundering', Yechury asserted
CBI arrests businessman over deposit of unaccounted currency during note ban