Linking demonetisation with job losses is simplistic and naive.
Kamal Haasan wrote that the sign of a good leader is one who accepts they committed a mistake. “If the PM accepts his mistake without being adamant, then one more salaam is waiting for him from me…”
The dip in India’s economic growth is a temporary blip. There is no scope for gloom.
Bank for sex workers, by sex workers, brings change to 30,000 lives in Bengal.
Data sets read together suggest demonetisation broke domestic supply chains, and disruption caused by GST compounded problems; meanwhile, with remonetisation, demand rose, and was met by imports.
The economy of the country is not in a position to bear “shocks” like demonetisation and GST within a span of one year, Manpreet Badal claimed.
A draft of the report was prepared and circulated in previous tenure of the panel, but now the committee has been reconstituted so it will again be circulated, a member of the panel said on condition of anonymity.
The audience consisting mostly of young boys and girls, heard Rahul Gandhi in rapt attention and responded to his rhetorical questions in a chorus. And, Gandhi interacted with them and proclaimed that “There is an undercurrent against Modi, Amit Shah and the BJP here in Gujarat.”
For the first time in his three-and-a-half year rule, PM Narendra Modi is facing sustained discontent over his economic policies as growth slows, job losses mount and distressed farmers protest.
The RBI this month raised its inflation target to 4.2-4.6 per cent for the second half of this fiscal from 4-4.5 per cent announced earlier
“In India, growth momentum slowed, reflecting the lingering impact of the authorities’ currency exchange initiative as well as uncertainty related to the midyear introduction of the country-wide Goods and Services Tax,” the IMF said.
Two-wheeler sales in September grew 9.05 per cent to 20,41,024 units compared with 18,71,621 in the year-ago month. Motorcycle sales were up 6.98 per cent to 12,69,612 units against 11,86,759 units in September 2016.
Rahul Gandhi in Gujarat: “You cannot run this country by cruelty; compassion (Karuna) is the key. If you don’t listen to people in a country like India, you will hurt them; government must hear.”
The Union minister was defending the government’s initiatives like demonetisation, GST and ‘Swachh Bharat’ which has been widely panned by the critics for not resulting in any changes on the ground.
A source close to the development told that some companies had more than 100 accounts and they deposited and withdrew money during demonetisation till they were struck off.