India Remains a Cash Based Economy

India Remains a Cash Based Economy In the premium edition of  The 5 Minute WrapUp  on 11 November, Rahul Shah wrote about  the reasons why India is a cash based economy .  Trust in online payments, security risks, identity and privacy issues, as well as old habits of paying in ca…

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Recommends Special Investigation Team on Black Money: Maximum Cash Holding Limit Rs.15 Lakh, Cash Trans Limit Rs. 3 Lakh..!

The 5th Special Investigation Team (SIT) report has been submitted before the Hon’ble Supreme Court by the SIT. An extract of the report has been uploaded on Department of Revenue The SIT has made the following recommendations in the 5th Report: Cash transactions..!  The SIT h…

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India-UK Trade Relations - Which Way Forward..?

India-UK Trade Relations: Which Way Forward? The UK is an important trade partner of India. Its share in India's total exports has been steadily increasing over the past 5 years.  In absolute terms too, our imports and exports with UK stand at a significant level.  With th…

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India Black Money Disclosure Window opens from June 1, 2016.

India Black Money Disclosure Window  The 4-month disclosure window giving an opportunity to domestic black money holders to come clean by paying tax and penalty of 45% on such assets will open on June 1, 2016. People who have made money via corrupt means will not be allowed t…

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When without money, When has money: What Man Did?

Don't know who wrote this.. Hats off to him / her Man O Man! When without money, Eats vegetables at home; When has money, Eats the same vegetables in a fine restaurant. When without money,  rides bicycle; When has money  rides the same ‘exercise machine’ . ** When without money  walk…

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Indian economic overview June 2015

From MCX Report • Overall, the Indian rupee treaded a range-bound movement in June 2015. – USD–INR RBI reference rate June close was at 63.7549, as against the May close of 63.7615 (a m-o-m change of -0.01%). – Contrasting factors, such as looming debt default crisis in Greece and…

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Global economic overview June 2015

By MCX Report Despite intense talks, European officials and the International Monetary Fund (IMF) failed to strike a deal on Greece's bailout programme. Ultimately, Greece failed to make a €1.73 billion payment to the IMF by June 30. • US economy – Following Federal Reserv…

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6 Reasons Why Are Indian Rural Incomes So Less..!

6 Reasons Why Are Indian Rural Incomes So Less..! The first Socio Economic Survey in independent India has thrown up a picture of struggling rural India with few non farm jobs, low incomes, execessive dependence on land and lack of basics.  ET looks at the key findings of the…

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PM’s New 15 Point Programme for the Welfare of Minorities..!

Prime Minister’s New 15 Point Programme for the Welfare of Minorities..! (A) Enhancing opportunities for Education..! (1) Equitable availability of ICDS Services..! The Integrated Child Development Services (ICDS) Scheme is aimed at holistic development of children and pregna…

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GUIDELINES for implementation of PM’s New 15 Point Programme..

GUIDELINES for implementation of Prime Minister’s New 15 Point Programme for the Welfare of Minorities..! The Hon’ble President, in his address to the Joint Session of Parliament on February 25, 2005, had announced that the Government would recast the 15 Point Programme for …

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