The PSB boards are still not adequately professionalised, and the government, rather than a more independent body, still decides board appointments, with inevitable politicisation.
A continued property market slowdown and a vegetable glut may have pushed landless labourers back to villages, seeking daily jobs and depressing wage growth
Until August 29, 2018, Rs 82,100 crore has been deposited in 326 million bank accounts under the Jan Dhan Yojana.
Patel has made clear his unease about the Finance Ministry’s attempts to get overbearingly close to the central bank
Patel took over the saddle from his high-profile and “rockstar” predecessor Raghuram Rajan on September 4, 2016
An FIR against Vadra, who is Congress leader Sonia Gandhi's son-in-law, Hooda and two companies has been registered at Kherki Daula police station in Gurgaon, Manesar Deputy Commissioner of Police Rajesh Kumar had said on Saturday.
Ravi also stressed on the need for rationalising GST tax and laws related to real estate sector
As the RBI report points out, household financial savings are the most important source of funds for investment in the economy
India also cemented its status as the world’s fastest growing major economy, ahead of China, which grew 6.7 percent in April-June 2018.
As per the RBI Annual Report released yesterday, 99.3 percent of the demonetised Rs 500 and Rs 1,000 notes were returned to the banking system.
Kovind said the government last year introduced the Goods and Services Tax, the most comprehensive tax reform ever seen by the nation.
The finance minister also pointed towards the increase in income tax returns filed
Addressing a press conference, Gandhi termed demonetisation the country's "biggest scam" and alleged that money was taken from common people and given to "crony capitalists".
The Congress had earlier demanded an apology from Prime Minister Narendra Modi for allegedly lying to the country, after the RBI said 99.3 per cent of the junked Rs 500 and Rs 1,000 notes have returned to the banking system.
After the Punjab National Bank fiasco, the value of frauds in the Indian banking system has expectedly risen to Rs 41,000 crore in 2017-18.
In 2016-17, the indent and supply of the Rs 2000 banknote stood at 3,500 million pieces and 3,504 million pieces, respectively.
The completion report comes after almost two years after the demonetisation was announced on November 8, 2016
FMCG growth stood at 11.6 percent in MAT (moving annual total) June, 2018; nearly 70 percent of this is driven by consumption volume.
Last month, interim Finance Minister Piyush Goyal had told the Rajya Sabha that Indian deposits had fallen by 34.5 percent in 2017 alone and by 80 percent since the Narendra Modi government came to power in 2014.
The committee may not be able to complete the task during the term of the current Lok Sabha due to lack of consensus among it members.
The PM rattled off a long list of achievements and reforms undertaken by the government but demonetisation, billed before as a strike against black money, did not find a mention.
Banerjee said her party TMC will take up the issue in Parliament "very soon" about the large number of incidents of fraudulent ATM withdrawals in the city and elsewhere.
Property prices in secondary market reduced by as much as 5-10% over primary market
In its last report, India jumped 30 places to rank 100th in the World Bank's 'ease of doing business' ranking.
Banga stressed that he thinks of inclusion as “democratizing productivity”. Among ways to increase and democratize productivity is bringing things into the formula economy and the ambitious measures of demonetization and the Goods and Services Tax (GST) are helping doing just that, he said.