Notes Ban Survey

The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

The data suggests the economy is still struggling with weaker demand trend seen since the notes ban, the survey said.

The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.

Responding to improving demand, manufacturers cranked up output for the fourth month in a row, and hired new workers at the fastest pace in five years.

Prime Minister Narendra Modi has remained popular in Asia's third-largest economy even after his decision to ban high-value bank notes, according to a new poll that gauged public sentiment earlier this year, months before economic growth slowed sharply.

Massive searches, seizures and surveys by the Income Tax department over the last three years have led to the detection of around Rs 71,941 crore worth "undisclosed income", the Centre has told the Supreme Court.

The government had invalidated high value notes of Rs 500 and Rs 1,000 early in November last year, leading to disruption in economic activity.

The Income Tax department carried out over 1,100 searches and surveys immediately after demonetisation and detected undisclosed income of over Rs 5,400 crore, Finance Minister Arun Jaitley told the Rajya Sabha today.

The Income Tax Department has seized cash and valuables totalling Rs 600 crore in search and survey operations post demonetisation of high value currency notes of Rs 500 and Rs 1000. Based on intelligence reports, the department carried out searches and surveys in over 1,100 cases during the two-month period ending January 10 leading to seizure of ...

Raghunath, a 60-year-old farmer, surveys his two-acre farm in Bundelkhand with some concern. After four consecutive years of drought, the weather cooperated this year. Right after Diwali, he sowed the Rabi or winter crop of wheat, which now stands about two feet tall. On seeds, fertilizers, diesel for his water pump, he spent Rs 15,000. Then, on No...

The Reserve Bank of India will lower the repurchase rate to 6 percent from 6.25 percent, according to 34 of 39 economists in a Bloomberg survey.

The worst of the cash crunch is now over and the government expects it to be fully cleared by the end of April. A private manufacturing survey on Wednesday showed business is slowly returning to normal.

Finance Minister Arun Jaitley is all geared up to present the Union Budget 2017-18 today, breaking the decade-old practice of presenting it on the last working day of February. This Budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency notes. The Economic Survey for 2016-17,...

Hours ahead of the Budget, Chief Economic Adviser Arvind Subramanian talks to NDTV's Prannoy Roy to decode the economic survey.

The last time it contracted for three consecutive months was from November 2016 following the ban of high-value currency notes, which severely hurt consumption.

Fifty lakh men lost their jobs in the past two years beginning November 2016, when Prime Minister Narendra Modi announced an overnight ban on high value currency, according to a new report. The timing of the start of the decline in jobs coincides with demonetisation but no "causal link" can be established based on the available data, says the repor...

The data suggests the economy is still struggling with weaker demand trend seen since the notes ban, the survey said.

The Economic Survey projects a growth rate of 6.75 per cent for the current fiscal year, higher than the Central Statistics Office's outlook of 6.5 per cent.

Responding to improving demand, manufacturers cranked up output for the fourth month in a row, and hired new workers at the fastest pace in five years.

Prime Minister Narendra Modi has remained popular in Asia's third-largest economy even after his decision to ban high-value bank notes, according to a new poll that gauged public sentiment earlier this year, months before economic growth slowed sharply.

Massive searches, seizures and surveys by the Income Tax department over the last three years have led to the detection of around Rs 71,941 crore worth "undisclosed income", the Centre has told the Supreme Court.

The government had invalidated high value notes of Rs 500 and Rs 1,000 early in November last year, leading to disruption in economic activity.

The Income Tax department carried out over 1,100 searches and surveys immediately after demonetisation and detected undisclosed income of over Rs 5,400 crore, Finance Minister Arun Jaitley told the Rajya Sabha today.

The Income Tax Department has seized cash and valuables totalling Rs 600 crore in search and survey operations post demonetisation of high value currency notes of Rs 500 and Rs 1000. Based on intelligence reports, the department carried out searches and surveys in over 1,100 cases during the two-month period ending January 10 leading to seizure of ...

Raghunath, a 60-year-old farmer, surveys his two-acre farm in Bundelkhand with some concern. After four consecutive years of drought, the weather cooperated this year. Right after Diwali, he sowed the Rabi or winter crop of wheat, which now stands about two feet tall. On seeds, fertilizers, diesel for his water pump, he spent Rs 15,000. Then, on No...

The Reserve Bank of India will lower the repurchase rate to 6 percent from 6.25 percent, according to 34 of 39 economists in a Bloomberg survey.

The worst of the cash crunch is now over and the government expects it to be fully cleared by the end of April. A private manufacturing survey on Wednesday showed business is slowly returning to normal.

Finance Minister Arun Jaitley is all geared up to present the Union Budget 2017-18 today, breaking the decade-old practice of presenting it on the last working day of February. This Budget comes less than three months after Prime Minister Narendra Modi's bold and risky gamble to outlaw high-value old currency notes. The Economic Survey for 2016-17,...

Hours ahead of the Budget, Chief Economic Adviser Arvind Subramanian talks to NDTV's Prannoy Roy to decode the economic survey.