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DEMONETISATION TIME CASH
Think property makes you rich? These 5 facts tell a different storyAs per a 2017 RBI report, a typical middle-class Indian family puts 70-80% of its net worth into realty. No asset class would be considered...- US-based son gets tax notice in India over Rs 11 lakh cash deposit made on behalf of parents during demonetisation; ITAT Delhi cancels notice for this reasonA US-based son, Mr. Bussi, successfully challenged an Indian income tax notice after depositing Rs 11 lakh cash into his parents' account d...
- Deposited Rs 80 lakh cash during demonetisation: ITAT rejects property purchase claim, calls it unexplained incomeA Surat businessman's Rs 80 lakh cash deposit during demonetisation was deemed unexplained by ITAT Surat. The tribunal rejected his claim o...
- No income tax scrutiny on cash deposits up to Rs 2.5 lakh by housewives post demonetisation: ITATThe appellant, a housewife Uma Agrawal of Gwalior, had declared total income of Rs 1,30,810 in her income tax return filed for fiscal 2016-...
- Three years of demonetisation: Cash is king in 66% of real estate transactionsA majority of Indians continue to make a substantial percentage of their total annual purchases in cash, the survey said. About 40% people ...
- View: Do Team Modi's note ban claims stand the test of data? See for yourselfData suggests that demonetisation stimulated the transition to a digitally-enabled economy.
- Unusual cash deposits hit Rs 1.7L cr after note ban: RBIThe share of the low-cost CASA deposits in total bank deposits increased from 35.2% in October 2016 to 40.6% in March 2017, before declinin...
- Slow progress for cashless transactions a year after note banDemonetisation was aimed at reducing the cash-dependence of the Indian economy but has it's impact persisted in the year since it occurred?
- Note ban a stride towards digital, formal economy, feel expertsA bone of contention between the government and the Opposition parties, the note ban was a highly secret move that shook the whole nation.
- Widening of tax base most tangible benefit of demonetisation: Shobana Kamineni, president, CII"The way India has taken to digital transactions is unprecedented. Any cash-based economy has a high cost," Shobana Kamineni said.
- Counter Point: Slow demonetisation would have given govt better resultsSince all demonetised notes came back, there was no money to stimulate the economy.
- Cash holdings slip 20 per cent, tax payers grow 45 per cent on demonetisationIt said the number of taxpayers increased 45 per cent in 2016-17 as an effect of demonetisation, compared to 25 per cent rise in the previo...
- You have seen public opinion on demonetisation: Arun Jaitley to CongressHe also appeared to be targeting former PM Manmohan Singh as he told the Congress benches to change its "advisors" who had predicted that G...
- Note ban success hinges on higher tax compliance: CEA Arvind Subramanian"Before demonetisation, the cash to GDP ratio was something like 12 per cent. Going forward, that should come down if demonetisation is to ...
- Cash payments at retail stores near pre-note ban levelsCash payments at hypermarket chain Spencer’s have increased from 11 per cent of overall sales in November to 25 per cent in December, and 3...
- Demonetisation: The queue getting shorter but wallet is still lightThis survey attempts to understand how demonetisation has affected banks’ ability to dispense cash, as well as people’s ability to access a...
- How Delhi lost a working day to demonetisationPeople of Delhi appear to have spent an additional 10.5 hours of their life going to and waiting in banks since demonetisation.
- Demonetisation: Wake up & smell the revolutionThe best or the most lethal thing about demonetisation is that practically all the cash in the country will have to be cycled through a ban...
- Demonetisation to slow down PC, phone sales in Q4: IDCSales of mobile phones in the quarter ending December will see a sharp sequential decline, with featurephones set to face the steepest drop...
- Demonetisation in a booming economy is like shooting at the tyres of a racing car: Jean DrèzeDevelopment economist Drèze says the sudden move to demonetize high-value currency notes has created a scary situation for people who live ...
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