The charge that DeMo has triggered the growth slide hasn’t been proved. However, improved tax compliance is a huge plus
Doctors and lawyers also hit as fee income drops sharply
What are the implications for consumer spends and marketing?
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V Balasubramanian, president (transaction processing and ATM service), FSS, said, "More than 60% of ATMs in the country operate on a per-transaction basis.
Both resulted in increasing tax compliance and squeezing quantum of cash in the economy
Easing the currency exchange woes of general public, Chandigarh sets a Helpline.
Money & Banking News:Demonetisation has hit the economy: Kaushik Basu
Day 1 skirts dual control; no unity on revenue-sharing
Employees using their bank account-linked ID cards for point-of-sale transactions
Financial institutions will need to get into fintech, says Sven Bossu
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Text:TNN With a new government at the helm, the state is again looking ahead to a fresh beginning, a renewal of pledge and completion of projects that lie unfinished. For the youth of Bengal, it’s also time to redeem their dream of seeing the state re-emerge as a vibrant, happening place where jobs will be easier to come by, roads will be safer, transport faster, facilities for sports improved and security for women less of a concern. Mamata's second term begins
Impacted by fall in big-ticket buys after note ban, said bankers.
On Thursday, the government slashed the onetime exchange limit for old notes to Rs 2,000 from Rs 4,500, having raised it from Rs 4,000 before that.
Even as people suffer after the RBI curb, parties are busy protecting their turfs in a system filled with their cronies, write Vinson Kurian and V Sajeev Kumar
Economy News:'By-products of demonetisation could be more valuable'
People of Delhi appear to have spent an additional 10.5 hours of their life going to and waiting in banks since demonetisation.
Indian stock market recorded its fourth straight weekly loss, with Sensex at 6-month low as severe cash crunch gripped sentiment after demonetisation
Following the Income Tax Department's warning on not allowing misuse of Jan Dhan accounts for laundering black money post-demonetisation, inflows into such accounts have come down significantly, the government has said.
