According to the latest survey by industry bodies FICCI and NAREDCO, and property consultant Knight Frank, the Current Sentiment Index of real estate stakeholders in India has plummeted to 42 in the July-September quarter from 47 and 62 in the preceding two quarters.
That the Central Bank has halted the printing of high value bank notes was conveyed by the Reserve Bank of India (RBI) in a response to an RTI query.
An order was issued by the Central Board of Direct Taxes (CBDT) on Thursday, setting the new deadline on December 31, the official said.
Did demonetisation abort an incipient recovery? True, the manufacturing sector had bounced back in the year before demonetisation, but it’s hard to say whether this was sustainable, even if demonetisation did not happen
Earlier, credit card users were able to avail a 0.75 percent discount while buying fuel at petrol pumps.
Currency with the public, as a percentage of nominal GDP, is back to where it was before demonetisation
Growth in the private sector has been lower, sometimes much lower, than what the headline numbers indicate
The development comes after multiple instances of deposit frauds post demonetisation, especially into Jan Dhan accounts and is in line with the finance minister budget announcement
If rural infrastructure gets a leg up and the poor in the countryside have more to spend on essentials, it will start a process of demand revival which will go up the business ladder.
Business Expectations Index for the July-September quarter is the worst since the fourth quarter of 2016-17
The assessing officers (AOs) of the Income Tax Department had earlier this month petitioned the Central Board of Direct Taxes (CBDT) to extend the deadline, saying it was 'humanly impossible' to finish the task by July as it requires a lot of 'paperwork and manpower'.
Government consumption contributed more than a fifth of GDP growth in the March quarter
The saffron party seems to have turned caste-based arithmetic on its head.
Personal attacks by discredited leaders hurt themselves more than their potential targets.
SBI shut 1,000 ATMs in the first half of FY18 and the trend will continue as banks increasingly look to digital solutions and mobile apps to keep up with evolving banking infrastructure.
The Enforcement Directorate (ED) had filed a criminal case in the matter based on an FIR filed by the Delhi Police after it seized Rs 3.70 crore in old notes of Rs 1,000 in 2016.
The traders of Chandni Chowk are still struggling with the after-effects of GST and demonetisation and residents of the walled city complain about the shortage of basic facilities.
Money supply has not kept pace with output growth
'Modi is the first PM in whose tenure black money was used openly and he says that there is no corruption in his governance. The biggest scam of the century is demonetisation,' Sharma said at a press conference here.
Moneycontrol also observed that there were attempts to identify voters of a particular community by a few party workers. This was more pronounced in Madhya Pradesh, where flags were being put outside the houses of eligible voters.
Addressing a rally in West Bengal's Asansol on April 23, Modi had ridiculed Banerjee over her prime ministerial ambitions.
She alleged that the saffron party is importing guns and goons to ensure votes in its favour and said that such a situation will not be allowed to develop in Bengal.
The Sena, a BJP ally, said in the last few days, there have been I-T raids on prominent political parties and their leaders in which large amount of cash is claimed to have been confiscated.
Aligarh has been synonymous with locks since the Mughal era but the once thriving lock industry, employing more than one lakh people, has been brought its knees with demonetisation and GST dealing it a body blow.
In this seven-part series, we examine the schemes and policies of the NDA government introduced under the leadership of Narendra Modi.