Tag: Economy
5 Results
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‘Demonetisation may temporarily slow down economy’
President Pranab Mukherjee on Thursday said demonetisation will be beneficial in immobilizing black money but may also slow down the economy temporarily. “Demonetisation, while immobilising black money and fighting corruption, may lead to temporary slowdown of the economy,” Mukherjee, a renowned economist who was the Finance Minister in the previous UPA regime said. “We all …
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January 5, 2017 -
Italy records annual deflation for the first time since 1959
Consumer prices fell in Italy in 2016 for the first time since 1959, according to data released on Wednesday by the national statistics bureau. Prices were down 0.1 percent in 2016 after they rose an annual 0.1 percent in 2015, the lowest increase in decades, provisional Istat figures showed. Excluding energy and unprocessed food prices, …
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January 5, 2017 -
Modi’s New Year-eve sops to cost over Rs.3,500 crore to economy
Prime Minister Narendra Modi's announcements on the New Year's Eve, including sops in housing, agriculture and for pregnant women, will cost the economy a total of over Rs.3,500 crore annually, a State Bank of India report said on Tuesday. "The overall fiscal impact of all these measures will be around Rs.3,500 crore per year," State …
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January 3, 2017 -
In the right direction?
This ‘emergency measure’ is in line with numerous others taken with the thought of greater good for the society and should definitely bring revolutionary change in India.November 17, 2016 -
Old notes ban to curb inflation, push white economy: Panagariya
Hailing the demonetisation step, Niti Aayog Vice Chairman Arvind Panagariya on Friday said the withdrawal of old higher denomination banknotes will check inflation and also help transactions move into white economy through the banking channel. Cleaning of the black money is a very positive step and as a result transactions will begin to move into …
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November 11, 2016