Tag Archives: demonetisation effect

IMF Brings Down India Forecast Post-Demonetisation

IMF Managing Director Christine Lagarde on Thursday said India growth forecast has been revised down to 7.2 percent for 2017 due to the impact of demonetisation, which had affected the credit lines and repayments situation in rural areas. Addressing a press conference, Ms. Lagarde said, "We had slightly revised down our projection as a result of the demonetization process that ...

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Budget 2017-18: Different in Style, Progressive in Spirit

Budget 2017-18, presented by Finance Minister Arun Jaitley on Wednesday has three significant changes embedded in it but the significant change above all these cosmetic features is the progressive improvement in spirit. First, presentation of Budget advanced to 1st February to enable the Ministries to operationalise all activities from the commencement of the financial year. Secondly, merger of Railways Budget ...

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Corrupt Bank Officials Divert Crores of New Currency, Weaken Demonetisation

Ironic but the Indian government’s motive to replace black money with white has reached its peak with series of IT raids revealing the nexus between corrupt bank officials who have diverted new currency to their favourite customers to replace their black money. On the paper, on TV, on social media, Prime Minister Narendra Modi has been defending the most-appreciated move ...

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