Tag Archives: Demonetisation

Indian Economy Seems To Be On Way To Recovering From Demonetisation Disruptions, Says IMF

India’s economy has expanded strongly in recent years, said Tao Zhang, Deputy Managing Director of IMF. HIGHLIGHTS IMF has underscored the significance of reforms in education, health Economy expanded strongly because of macro economic policies Demonetization temporarily affected economic activity, said IMF Dy MD Washington: The Indian economy now seems to be on its way to recovering from disruptions caused by ... Read More »

Demonetisation: Economy shaken, GDP hurt, trust in govt undermined

NEW DELHI: While the immediate impact of demonetisation was seen in the long queues outside ATMs and felt through acute cash shortage, its anniversary is an appropriate vantage point to assess the less visible and generalised effect on the economy of what was easily the most disruptive measure post-Independence. The difficulty in making a cost-benefit analysis is that the move was not purely economic, ... Read More »

Economy is on a downhill path, demonetisation was not required at all: Manmohan Singh

Former Prime Minister Manmohan Singh on Friday said the economy is on a “downhill path” because of the “adventure” of demonetisation undertaken last year which was not required at all, either technically or economically. Singh, a renowned economist considered to be the architect of the reforms of early 1990s, said demonetisation has not been successful in any civilised country, except ... Read More »

Demonetisation benefits visible in IT enforcements, tax filings: Finance ministry

A day after the RBI’s report revealed that 99% of demonetised currency had come back into the banking system, the finance ministry on Thursday claimed that the note ban’s benefits were clearly visible in terms of a quantum jump in enforcement actions and growth in direct tax collections. “The government launched a concerted drive against black money with demonetisation being ... Read More »