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Anil Bokil, the brain behind demonetisation thinks that the new Rs 2000 note may also get demonetised sometime soon.
The industry has demanded cut in the import duty from the current 10 per cent to 2 per cent.
Care Ratings estimates the Centre to levy tax between 12 per cent and 18 per cent on services.
The lower reduction in fiscal deficit is to stimulate demand in a weak economic environment post demonetisation, a report said.
Following the demonetisation move, the recast in direct tax moves is expected to give a boost the economy.
Naidu directed the panel to submit data of cashless transactions and digital payments after demonetisation.
The new initiative is aimed at augmenting revenue by winning the trust of people
Anil Bokil, founder of “Arthakranti Pratishthan” whose proposal for economic rejuvenation formed the basis of demonetisations. Excerpts from an interview with Abhijit Mulye.
The central government has begun analysing deposits in new accounts and loan repayments as well as transfers to e-wallets and ad.
According to reports, the note ban has hit corporate profitability, impacted informal jobs, affected farmers, and brought small-scale industry to a halt.
Common people must be oriented with financial literacy and opt for cashless payment and receipt mechanism, say experts.
The Archery Association of India (AAI) still derecognised due to its failure to accept the Sports Code (age and tenure rules).
Anil Bokil, the man credited to be the brain behind demonetisation move of the central government, has advocated that election spending by political parties should come under the scanner.
The manifesto also promises implementation of the seventh pay commission, raising the retirement age of government employees to 60 years.
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