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.
Aug 10, 2017, 16:32 PM IST
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.
Dec 06, 2016, 18:45 PM IST
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.
Nov 24, 2016, 18:27 PM IST
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.
Nov 15, 2016, 16:21 PM IST
