ECONOMY

Why a surgical strike on ‘benami’ property will be more lethal than demonetisation

December 26, 2016 | Aman Malik

On Sunday, during his Christmas day radio address, Prime Minister Narendra Modi said that his next attack in the fight against black money will be on so-called ‘benami’ properties.

Won't hesitate to make tough decisions to help economy, says PM Modi

December 24, 2016 | Reuters

India will not hesitate to make tough decisions to help support its growing economy, Prime Minister Narendra Modi said on Saturday, alluding to his recent scrapping of 500 and 1,000 rupee banknotes to tackle endemic corruption.

Centre, states inch toward draft GST bill but April launch uncertain

December 23, 2016 | Reuters

The prospects of introducing a goods and services tax (GST) in India next April, its biggest tax reform, faded on Friday after central and state finance officials postponed talks on how to administer the tax after a two-day meeting.

Demonetisation: Four positive side effects of PM Modi’s note ban

December 23, 2016 | Aman Malik

On 8 November, Prime Minister Narendra Modi shocked the country by declaring that Rs 500 and Rs 1,000 notes, comprising 86% of the currency in circulation, will no longer be legal tender. 

How India lobbied Moody's for ratings upgrade, but failed

December 23, 2016 | Reuters

India criticised Moody's ratings methods and pushed aggressively for an upgrade, documents reviewed by Reuters show, but the US-based agency declined to budge citing concerns over the country's debt levels and fragile banks.

Fighting black money: Three key electoral reforms that may be on the anvil

December 22, 2016 | Aman Malik

Ever since Prime Minister Narendra Modi announced his decision to demonetise Rs 500 and Rs 1,000 currency notes, speculation has been rife on the next moves the government could make in its fight against black money.

Demonetisation threatens to derail GST

December 22, 2016 | Reuters

Prime Minister Narendra Modi's crackdown on the cash economy has shattered the consensus needed for a new national sales tax, plunging his boldest reform into limbo and threatening to entrench an economic slowdown.

Demonetisation: Flip-flops continue as RBI rolls back curbs on cash deposits

December 21, 2016 | Reuters

The Reserve Bank of India (RBI) on Wednesday retracted a directive for banks to question individuals depositing more than 5000 rupees ($74) in discontinued currency, just two days after issuing the order.

PM Modi losing allies as anger grows over banknote ban

December 21, 2016 | Reuters

A leading political ally of Narendra Modi has abruptly distanced himself from the Indian prime minister's move to scrap high-value banknotes, as broad initial support for the radical monetary reform showed signs of crumbling.

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