Demonetisation Will Cut Prices, But GDP Growth Will Take a Hit: Manmohan Singh’s Adviser The demonetisation drive will help curb inflation and shore up the fiscal deficit but India can kiss bye to the GDP growth target of 8%, a top economic adviser to former Prime Minister Manmohan Singh told News18. “Finance is like blood … Read More →
Black Money: RBI set to scrap Rs 1,000 currency note? It was almost two years back that the Reserve Bank of India (RBI) had announced its plan to phase out all currency notes issued before 2005. The central bank gave three-month time to exchange old notes for new, after which all such kind of exchanges, … Read More →
Suspicion of cash transfers through the illegal hawala channel in the course of arbitrage between gold futures contracts traded on local exchanges and those traded overseas was one of the main reasons for Sebi and Economic Offences Wing (EOW) of the Mumbai police to have conducted joint raids on certain brokers in Kolkata and Mumbai, … Read More →