The Finance Minister has taken a bold position by increasing the fiscal deficit to 3.5% as against the initial expectation of 3% on the back of substantial increase in expenditure to boost Rural India, Infrastructure and various other growth projects. The key to success will be effective executio…
Tag: cashless economy
Budget 2017: FM should announce incentive on cashless transactions, better IT backbone
Reserve Bank of India might not have officially acknowledged, yet over 95 per cent of the demonetized currency of 500 and 1000 notes has returned into circulation. The Government still hopes to unearth 3-4 lakh crores of unaccounted wealth, deposited in the banks. Income Tax department with help …
Demonetisation: Textile industry extends support for cashless economy
The textile industry has expressed solidarity with the Centre’s goal to promote India as a cashless economy. Supporting the decision, representatives of the textile industry across the country are encouraging the workers to open bank accounts. As a result, salary payment will be done either throu…