New Delhi, Dec 31 (IANS) The year was supposed to be that of final preparations for rolling out the comprehensive reform of India's indirect tax system through the Goods and Services Tax(GST), but progress towards meeting the government's implemention target of April 2017 was stymied by its November move to demonetise high-value currency.
New Delhi, Dec 31 (IANS) The Narendra Modi government came under increasing attack by opposition parties through the year over a range of issues, including demonetisation, but larger opposition unity remained elusive due to the competing interests of political outfits opposed to the ruling BJP-led alliance.
Mumbai, Dec 30 (IANS) The year 2016 has been the most momentous since India's Independence for the Reserve Bank on account of a trinity of events -- Raghuram Rajan's exit from the governorship, the decision on interest rates for the first time by a Monetary Policy Committee and the demonetisation of high-value currency last month.
Mumbai, Dec 30 (IANS) On the eve of the deadline for citizens to deposit demonetised currency in banks, Reserve Bank of India (RBI) Governor Urjit Patel said that demonetisation will have a transformative effect on the economy going forward, despite some short-term disruptions and "public hardship".
New Delhi, Dec 28 (IANS) Fifty days after Prime Minister Narendra Modi announced the scrapping of old Rs 500 and Rs 1,000 currency notes, he continued to be in the firing line of the opposition on Wednesday. If the Congress demanded a White Paper on the November 8 note ban, the CPI-M said Modi had a lot to hide.