Over 1,100 searches, 5,100 notices in demonetisation so far: FM

Friday, February 3rd, 2017
Arun Jaitley

New Delhi: As part of efforts to combat blackmoney and fake currency through demonetisation, government agencies have conducted over 1,100 searches and issued 5,100 notices to verify suspicious high-value cash deposits. This led to seizure of valuables worth over Rs 610 crore, of which as high as Rs 513 crore were in cash. “Post demonetisation, […]

Demonetisation bold, decisive step; to boost economy: Jaitley

Wednesday, February 1st, 2017
Arun-Jaitley

New Delhi: Terming demonetisation as “bold and decisive” measure, Finance Minister Arun Jaitley today said it will have a multiplier effect on the economy and will create bigger, cleaner and real GDP. “We are moving from informal to formal economy and the government is now seen as a trusted custodian of public money,” he said […]

June quarter GDP growth will be relatively flat: PM

Friday, August 30th, 2013
June quarter GDP growth will be relatively flat: PM

New Delhi: Ahead of GDP numbers to be released later in the day, Prime Minister Manmohan Singh on Friday said the economic growth in the April-June quarter of the current fiscal will be relatively flat. “Growth has slowed in recent quarters. I expect growth in the first quarter of 2013-14 to be relatively flat, but […]

Pranab hopeful of higher GDP growth in 2011

Saturday, February 5th, 2011
Pranab Mukherjee

Kolkata: Union Finance Minister Pranab Mukherjee who is working to present a budget at the end of this month amidst double digit inflation and ever-rising prices on daily need items, has now admitted that Indian economy has taken a kick (beating) during the international economic crisis in a global network, and has managed to recover […]