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10 Aug 2017

Tax-GDP ratio to increase 30 bps for next two fiscals

The tax-GDP ratio will see an increase of 30 basis points (bps) each in 2018-19 and 2019-20 due to the impact of demonetisaion and the roll-out of the Goods and Services Tax (GST), according to the Medium-Term Expenditure Framework (MTEF) Statement tabled in the Lok Sabha on Thursday.

06 Dec 2016

Demonetisation impact: Bank of Baroda cuts lending rate by 0.2%

As banks continue to be flushed with deposits thanks to demonetisation move of the Modi government, state-owned Bank of Baroda has cut benchmark lending rates by 0.2 percent.

24 Nov 2016

Ratan Tata advises government to take emergency measures on demonetisation

Tata Sons chairman Ratan Tata on Thursday advised the government on demonetisation and recommended a series of special relief measures such serving the poor for their daily needs, enabling emergency medical treatment.

15 Nov 2016

Demonetisation has hit small traders hard – Here is how!

Demonetisation has hit hard the mostly cash-based retail businesses in India, witnessing an estimated sharp plunge of 25 percent since the government banned 500 and 1,000 rupee currency notes, according to traders.

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