Search found 303 matches

by Sicanta
21 Dec 2016 23:52
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Just 1% Indians pay Income Tax: NITI Aayog's Amitabh Kant

http://www.business-standard.com/articl ... 905_1.html

Kant said there are more than a billion mobile phone subscribers in India
by Sicanta
21 Dec 2016 14:38
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

While I completely support demonitisation, I am not happy with the implementation. The road to hell is paved with good intentions. While the intention is laudable, the execution has been laughable !! Well just treat it as an aberration and move on. And you can just transfer money through an atm. No...
by Sicanta
21 Dec 2016 14:05
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

http://timesofindia.indiatimes.com/india/lower-rates-for-merchants-to-push-digital-deals-cms-panel/articleshow/56094547.cms These rates needed to be removed and instead cash transactions - withdrawals needed to be charged. At present large cash transactions are charged, and that needed to extend to...
by Sicanta
21 Dec 2016 09:38
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Nabard plans to provide RuPay cards to over 34 million farmers, To deploy 200,000 PoS machines in 100,000 villages http://www.business-standard.com/article/economy-policy/nabard-plans-to-provide-rupay-cards-to-over-34-million-farmers-116122000974_1.html Digital push to help small traders save up to...
by Sicanta
20 Dec 2016 21:36
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

... Those who keep questioning "what has Modi done to Pakistan who keeps killing our soldiers" as part of criticizing everything Modi, I ask those hypocrites this question.. "War with pakistan will attract a steep war tax on you. Are you still up for it?" Needless to say that th...
by Sicanta
20 Dec 2016 08:03
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Govt says less tax for small traders on digital transactions http://www.business-standard.com/article/economy-policy/govt-says-less-tax-for-small-traders-on-digital-transactions-116121900626_1.html Govt seeks help from IT industry for digital payment training http://www.business-standard.com/articl...
by Sicanta
17 Dec 2016 15:19
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Exemption for political parties is disconcerting to say the least.
by Sicanta
17 Dec 2016 00:21
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

RBI cracks down on deposits exceeding Rs 2 lakh http://www.financialexpress.com/economy/rbi-cracks-down-on-deposits-exceeding-rs-2-lakh-check-out-the-details/476132/ In yet another measure to curb black money and prevent illegal transactions, Reserve Bank of India on Friday announced that those who...
by Sicanta
17 Dec 2016 00:16
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

CBDT sends 3,000 notices for high bank deposits post notes ban http://www.business-standard.com/article/economy-policy/cbdt-sends-3-000-notices-for-high-bank-deposits-post-notes-ban-116121601044_1.html Government's latest scheme to declare black money opens Saturday: Adhia http://www.business-stand...
by Sicanta
16 Dec 2016 04:45
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

No target of printing new notes worth entire Rs 15.44 lakh cr: Govt http://www.business-standard.com/article/economy-policy/no-target-of-printing-new-notes-worth-entire-rs-15-44-lakh-cr-govt-116121501136_1.html Centre to absorb MDR on debit card payments of up to Rs 1 lakh to govt http://www.busine...
by Sicanta
14 Dec 2016 18:51
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Rs 2,000 notes a temporary arrangement, will be ultimately withdrawn http://www.business-standard.com/article/economy-policy/rs-2-000-notes-a-temporary-arrangement-will-be-ultimately-withdrawn-rss-ideologue-116121201151_1.html Gurumurthy, who is said to be in the loop all through the demonetisation...
by Sicanta
14 Dec 2016 18:40
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Rs 70 cr cash, 170 kg gold seized at airports in India post note ban http://www.business-standard.com/article/economy-policy/rs-70-cr-cash-170-kg-gold-seized-at-airports-in-india-post-note-ban-116121400564_1.html Govt to audit banking tech infra, look at IT act review to tackle cyber crime http://w...
by Sicanta
14 Dec 2016 13:55
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Don't fudge numbers: CBDT warns of strict action for changing I-T return 'drastically' http://www.business-standard.com/article/economy-policy/don-t-fudge-numbers-cbdt-warns-of-strict-action-for-changing-i-t-return-drastically-116121400313_1.html What the Watal Committee recommends for a cashless I...
by Sicanta
13 Dec 2016 22:23
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Suddenly nearly every shop in my area is on paytm network. On enquiring further, a shopkeeper told me that they were approached by paytm representatives who set up the entire app for all of them.

Paytm certainly will be hard to displace.
by Sicanta
13 Dec 2016 16:14
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

It will be good if Zee News/ Doodarshan can put together 1 hr show detailing out these arrests and further measures being taken by the government to deal with the menace.
by Sicanta
13 Dec 2016 13:21
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Yes, please believe it. For a cut, everybody wants a piece of the gravy train in India . That's been our story since 1947. Why do you think people like Pawar, Yadav, Lalu, Amma, Muka, Didi win elections after elections? Do mango people don't know how corrupt they are? This is absolutely correct. Th...
by Sicanta
11 Dec 2016 04:17
Forum: Technology & Economic Forum
Topic: Indian Railways Thread (Dec 2015)
Replies: 3486
Views: 508978

Re: Indian Railways Thread (Dec 2015)

Aadhaar card to become mandatory for railway concessions

http://www.businesstoday.in/current/eco ... 41784.html
by Sicanta
06 Dec 2016 22:42
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

I will repeat it again that I have posted several times. 2. No oversight on bank workings. Free for all run ins at banks have made genuine account holders returning dejected from long queues to teller counters and ATMs. Not only did this allow black money to be deposited as white money by proxy dep...
by Sicanta
06 Dec 2016 01:08
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

We need Rs 500 notes to end bank queues: SBI http://www.financialexpress.com/industry/banking-finance/we-need-rs-500-notes-to-end-bank-queues-sbi/464655/ At least Rs 10 lakh crore must be in circulation for the long queues at banks to end but the pressing need is the missing Rs 500 currency, a top ...
by Sicanta
04 Dec 2016 14:31
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Can someone please critically analyze this article:

Demonetisation: Understanding the event, impact, narrative and meaning

http://www.business-standard.com/articl ... 175_1.html
by Sicanta
04 Dec 2016 13:26
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

I don't have a take on it that is why I asked for opinion. But I have said in the past that instead of giving anything for free to the poor, use the money to build rural infra. The man and the fish story etc etc. Money deposited in PMJDY Accounts is not a significant portion of assumed BM. Though a...
by Sicanta
04 Dec 2016 12:08
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

@tufailelif I am reaching a conclusion that Modi Govt is seeding a Nehruvian-style socialist government, bigger than USSR. What is it with demonetization that is causing khujli to so many nationalists, in this case on twitter? They see a few incidents here and there and take it to be the general ru...
by Sicanta
03 Dec 2016 10:14
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Govt raises MSS cap to Rs 6 lakh crore to manage liquidity http://www.financialexpress.com/industry/banking-finance/govt-raises-mss-cap-to-rs-6-lakh-crore-to-manage-liquidity/462417/ Demonetisation crackdown: Narendra Modi govt suspends 27 public sector bank officials, transfers 6 others http://www...
by Sicanta
03 Dec 2016 01:59
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

We will go back to pre Nov 8, situation. Because 1. Peoples habit have not changed, Many are simply not realising and are are not ready accept when understood, that free flow cash would lead to accumulation, and in turn would fuel black market transactions. 2. GoI has no plan to accelerate cashless...
by Sicanta
02 Dec 2016 00:00
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Paid kirana shop today with 2k. Got back 1850 with 10 100's notes, rest all Rs 10 notes. The fella had an entire separate cash box comprising of the lower denomination note. Atleast will have no problem in paying local subjiwalla for next 2 weeks.
by Sicanta
01 Dec 2016 17:41
Forum: Trash Can Archive
Topic: Indian Economy News & Discussion - Aug 26 2015
Replies: 4573
Views: 558643

Re: Indian Economy News & Discussion - Aug 26 2015

India may impose curbs on domestic gold holdings: Report http://economictimes.indiatimes.com/news/economy/policy/india-may-impose-curbs-on-domestic-gold-holdings-report/articleshow/55614499.cms Gold in your lockers? Government not to tax jewellery from disclosed, exempted income http://www.financia...
by Sicanta
01 Dec 2016 17:40
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Gold in your lockers? Government not to tax jewellery from disclosed, exempted income http://www.financialexpress.com/india-news/ancestral-jewellery-and-gold-not-chargeable-to-tax-under-amended-i-t-law-finance-ministry/461420/ J ewellery and gold in all its form purchased out of disclosed income or...
by Sicanta
30 Nov 2016 14:49
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

HDFC chief Aditya Puri hints ex PM Manmohan Singh wrong? Dubs economists’ 2%’ fall in GDP comment as ‘nonsense’

http://www.financialexpress.com/economy ... se/460129/
by Sicanta
30 Nov 2016 09:39
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

According to the new notification, the KYC (Know Your Customer)-compliant account holders might be allowed to withdraw Rs 10,000 a month from their account, while branch managers could allow further withdrawals beyond Rs 10,000 within the current applicable limits only after ascertaining the genuin...
by Sicanta
30 Nov 2016 08:42
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Black Money fight: Lok Sabha passes Income-Tax Amendment Bill The Taxation Laws (2nd Amendment) Bill, 2016, as reported earlier, proposes to levy a 30% tax, a 10% penalty and a surcharge called Pradhan Mantri Garib Kalyan cess, which will be 10% (33% of the tax). The proposed law also makes it obli...
by Sicanta
30 Nov 2016 01:56
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Demonetisation: Rights of income taxpayers and taxmen explained http://www.financialexpress.com/industry/banking-finance/demonetisation-rights-of-income-taxpayers-and-taxmen-explained/458652/ Gross NPAs of PSBs jump nearly Rs 80,000 cr in Jul-Sep http://www.financialexpress.com/industry/banking-fin...
by Sicanta
28 Nov 2016 13:09
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Debit card compromised: Should you be worried? http://www.livemint.com/Industry/yFVhPUngEny9eSewfSsBvI/Debit-card-compromised-Should-you-be-worried.html Should you worry? All the recently reported debit card data breaches have happened at the bank level. According to Reserve Bank of India (RBI), ba...
by Sicanta
28 Nov 2016 09:45
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

United Payments Interface: Post-dream launch, just Rs 3.5 crore daily volumes http://www.financialexpress.com/opinion/united-payments-interface-post-dream-launch-just-rs-3-5-crore-daily-volumes/456585/#.WDt_L8Qt2MM.twitter Yet, as NPCI managing director AP Hota said on Tuesday, there are just about...
by Sicanta
28 Nov 2016 09:27
Forum: Strategic Issues & International Relations Forum
Topic: Internal Security Watch
Replies: 4324
Views: 447830

Re: Internal Security Watch

ManSingh ji, your hunch is right.

Nabha jailbreak: Tipped off, Harminder Singh Mintoo tagged along

http://indianexpress.com/article/india/ ... g-4398879/
by Sicanta
28 Nov 2016 09:21
Forum: Strategic Issues & International Relations Forum
Topic: Internal Security Watch
Replies: 4324
Views: 447830

Re: Internal Security Watch

Suggests definitely some jihadis from Pakistan involved in this. Recently, ISI had stepped up the Sikh separatists activity within Pakistan. Nah, the gangsters in Punjab ( Indian side ) are quite capable themselves. News reports say that the people who stormed the prison called out the names of all...
by Sicanta
25 Nov 2016 23:58
Forum: Technology & Economic Forum
Topic: Currency Demonetisation and Future course of Indian Economy
Replies: 7852
Views: 709487

Re: Currency Demonetisation and Future course of Indian Economy

Gus wrote:http://www.dinamalar.com/news_detail.asp?id=1656615

tamil - JDY accounts cross 64000 crore.

UP no 1, with 10K plus. next WB and RJ.


Do these 'smart' people think they are pulling a fast one on the gov. and will eventually get their money back?

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