While the nation adjusts to the new normal arising out of the historic demonetization and debates its merit/demerit, it also has another important fall-out. The move can lead to huge bonanza for government in the form of sharp increase in the transfer from RBI. This would be equivalent to the amount of Rs 500 and Rs 1,000 notes that does not come up for replacement. Let’s see how..
Ken-Betwa river linking project is an ambitious project with considerable benefits so much so that Ms Uma Bharti, Union Water Resources Minister, threatened to go on hunger strike last month if the project is not cleared soon. The project, if successfully initiated, will pave the way for taking up many more such projects, crucial to meet country’s irrigation needs and change the face of Indian agriculture.
The Central Statistics Office (CSO) released estimates for GDP for 2015-16 last week, which recorded growth of 7.6% (at constant prices), the best in four years. The quarterly number at 7.9% is second best in last eight quarters.
Mauritius has finally succumbed to continued pressure from India to amend the tax treaty and that must have been the result of some tough talk from the present government. Continue reading Mauritius Treaty Amendment -A brief…
Inflation… Probably the most haunted word, for both, households and the policy makers is equally haunting for the readers/ students of economy and business..! Continue reading CPI and WPI Inflation- Making sense of numbers..!