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Business Economy National

Three years since demonetisation, cash is back

Posted on Author NewsDesk

Three years since demonetisation, the level of cash with the public has grown faster than the GDP growth of the country, even as digital payments — especially those on the Unified Payments Interface (UPI) platform — have seen robust growth. Reserve Bank of India data show that the public held ₹20.49 lakh crore in cash […]
Business Economy

Govt to take call on relief in income tax at appropriate time, says Anurag Thakur

Posted on Author NewsDesk

The government will take a decision on raising the income tax exemption limit at an appropriate time, Minister of State for Finance Anurag Thakur said on September 26. Last week, the government lowered the corporate tax to 22% from 30% and there has been a clamour for raising income tax exemption limit to push demand […]
Business Economy

131 CAs refute economists’ claims on GDP base year revision

Posted on Author NewsDesk

A group of 131 chartered accountants have sought to debunk recent claims made by a group of economists that the government was suppressing uncomfortable data and had eroded the integrity of national data. The 108 economists, had last week, written a letter in which they cited the revision of the base year for the estimation […]

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