Page 5 - Demonetisation

Deja vu: a series of economic shocks that's similar to the 1960s

Handing over control to bureaucrats in the 1960s strangled the Indian economy. The error must not be repeated, writes TCA Srinivasa-Raghavan.

Cash usage now at pre-demonetisation levels: CMS Info Systems report

The report stated that industries, such as logistics and jewellery, had seen the biggest increase in usage over the past two years

Weak economy is host to coronavirus attack

Set against the virus scare and a global market crash, the latest economic numbers presents a scary scenario, especially since the December quarter in a given year is one of the strongest.

Top headlines: Note-ban ghost visits jewellers, Analysts on Q3FY20 GDP

NCLAT relief for Flipkart, FM on credit scores, flurry of dividend payouts by companies and more

To shore up revenues, taxmen dig up three-year-old demonetization cases

About 15,000 Indian jewellers have been sent tax demands; tax authorities are seeking around Rs 500 billion from people in the gems and jewellery sector

Rs 500 notes to push Rs 2,000 out in mega ATM reboot: Things you must know

Biggest recalibration since demonetisation; Rs 2,000 notes to remain legal tender but to be pulled out of circulation

Cash is king, digital is divine: RBI talks digitisation post demonetisation

Digital payments in the country have witnessed a growth (CAGR) of 61 per cent, it said

Budget 2020: Govt depts to create over 260,000 jobs between 2019 and 2021

The highest 79,353 jobs are estimated to be created in policing

A lesson to learn: Economic problems can have counter-intuitive solutions

From drug price ceiling to additional duties on steel imports and export ban to counter onion shortage - govt response to several problems shows the lessons may not have been learnt, writes T N Ninan

Falling net fixed asset growth to impact job creation by corporate sector

At a macro-level, the Indian corporate sector has stopped investing into new capacities for all practical purposes

Goa police arrests 8 people with demonetised currency worth Rs 1.5 crore

The police intercepted a Kerala-registered car and found demonetised currency in a bag

Liquidity surplus in banks races past Rs 4 trn. Will it lead to inflation?

The last such liquidity scene was witnessed just after demonetisation in end of 2016 and early 2017 when banks were parking their deposit-linked money with the central bank

Note ban ghost comes to haunt jewellers as I-T dept passes recovery orders

Jewellers who have received such orders will have to cough up at least 20 per cent of the demand before they can file an appeal

Decade in review: How state-owned banks rose to the occasion amid crisis

At the start of the decade, the government was busy infusing stimulus packages to revive various sectors affected by the global credit crisis

Individual advance taxpayers shine in December quarter

Total advance tax collection from individuals till December 2016 was Rs 46,331 crore,

Pay minimum Rs 10,000 fine if you have 10 scrapped notes: Govt notifies law

The Specified Bank Notes (Cessation of Liabilities) Act, 2017, was passed by Parliament last month

Banks to levy Rs 150 after 4 cash transactions, Twitter users say not fair

This move being considered as a move to discourage cash transactions and encourage digital payments

I-T department identifies 30,000 shell companies in Kolkata

Most of these companies have been used to launder unaccounted money after the note ban

India's GDP growth appears solid, says noted US economist Steve H Hanke

India's growth was higher than China's 6.8 per cent for the October-December period of 2016

Tirupati Temple's quirky problem: It is stuck with Rs 4 crore in old notes

It is a common practice among devotees of Lord Venkateswara to keep depositing cash in tiny boxes