“The Great Disappointment: How Narendra Modi Squandered a Unique Opportunity to Transform the Indian Economy” attempts to answer the overarching question of whether or not the Modi government transformed India's economy and what the next government's agenda should look like.
Sanyal was referring to the soaring inflation, widening fiscal and current account deficit and massive lending from the banks that were ailing India's economy under the UPA regime
The clarification follows reports citing an RTI reply saying that RBI Board had not agreed with the government's reasoning on the need for demonetisation.
Government spending continues to prop up the economy, to compensate for the dismal state of agriculture. As for the agricultural sector, its problems are well-known
Ramesh said the minutes of the RBI meeting were obtained through an Right to Information (RTI) application filed by an activist, who got the reply 26 months after he had sought it.
The minutes of the crucial board meeting, which approved the government's request for demonetisation, recorded the presence of the then RBI Governor Urjit Patel and the then economic Affairs Secretary Shaktikanta Das.
A standard operating procedure (SOP) was issued by the CBDT in this context on March 5 and it has asked the department to conclude this exercise by the end of the current financial year in March and "in any case" by June 30.
Cash levels are now well above the 13.1 percent they were in March and April 2014
The fall in the number of job seekers, Vyas says, indicates a fall in the labour force participation rate.
GVA growth in the current quarter in agriculture is projected to be negative. The data clearly point to rural distress.
Prime Minister Narendra Modi had announced on November 8, 2016 that Rs 1,000 and Rs 500 notes, which constituted about 86 per cent of total currency in circulation then, would cease to be legal tender.
This comes after the RBI announced in November 2018 that there was more currency in the system than before PM Narendra Modi's demonetisation announcement in 2016
Prime Minister Narendra Modi said sops announced in interim Budget 2019 will encourage the youth to purchase houses
What is damaging is that the controversy around the jobs report is not an isolated incident
The new government would do well to understand that farm sector faces peculiar challenges in different regions of India and they need to be understood and tackled differently.
The government had demonetised currency notes of 500 and 1000 denomination on November 8, 2016, to check black money.
The prime minister was addressing a gathering after laying the foundation stone for extension of the new terminal at Surat airport in Gujarat.
Farm distress is a real risk to the health of the rural economy. But rural demand seems to be in good spirits, posing a dilemma for investors
Controversies and allegations are not new for Zee promoter Subhash Chandra. But every time, Chandra has managed to forge ahead. Will he succeed this time too?
Addressing a press conference here, All India Congress Committee Spokesperson Ajay Upadhayay charged the BJP-led government that demonetisation and the GST had hit the unorganised sector most.
Uttaresh Venkateshwaran gets in conversation with Moneycontrol Deputy Executive Editor Ravi Krishnan to discuss the restructuring scheme, the impact of it and more.
The expenditure on printing of notes during 2015-16, the year prior to demonetisation, was Rs 3,421 crore.
The Bhartiya Reserve Bank Note Mudran (P) Limited, a wholly owned subsidiary of the Reserve Bank of India (RBI), claimed that the printing of currency and related activities cannot be shared with people as it will result in "proliferation of counterfeit currency and economic chaos, it observed.
"The government does not comment on the views and opinions of former RBI governors and economists on demonetisation and GST expressed before media/private agency etc," Jaitley said in a written reply to the House.
Chidambaram also hoped that Das stands up to the autonomy and rights of the RBI.