| Author | Message | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2270 Registered: 04-2008 Posted From: 66.177.16.69 Rating: |
| ||
Sachin Legend Username: Sachin Post Number: 42448 Registered: 04-2008 Posted From: 108.171.130.163 Rating: N/A |
BJP govt and MODI sollu poo kadhalu cheppatam aaapi actions theesukunte better...idoka eri poo schem ayindi last ki..em peekaru saami..middle class ni poor ni daily lines lo nunchobetti torture cheyatam thapppa...enthamandi dorikaadu with 100s of crores tho emanna action theesukunnaaraaa? black money balck money ani comedy cheyatam thappa....okka big fish ni peekindi ledu.....prathi big fish happygaaa bayata thiruguthunnaru..... akada pappu ikkada jagadu undi lakku ravatame modi and adimin.....utterly disappointed so far.... inni issues unte eelaki lafada lo beef ban kavalsi vachindi.... | ||
Vjawarrior Legend Username: Vjawarrior Post Number: 30745 Registered: 02-2014 Posted From: 68.53.21.199 Rating: N/A |
2020 lo 2000 rupee note ni kooda demonetize chestaaru anukuntunna | ||
Sachin Legend Username: Sachin Post Number: 42446 Registered: 04-2008 Posted From: 108.171.130.163 Rating: N/A |
what is success? | ||
Teluguhero Side Hero Username: Teluguhero Post Number: 2269 Registered: 04-2008 Posted From: 66.177.16.69 Rating: N/A |
http://economictimes.indiatimes.com/news/economy/policy/succ essful-demonetisation-will-help-up-revenues-in-long-run-worl d-bank/articleshow/58985594.cms Successful demonetization will help up revenues in long run: World Bank NEW DELHI: Successful demonetisation will help in raising revenues on sustained basis as more and more people will come under the tax net, says a World Bank report. During 2016-17, India generated additional tax revenues as unreported cash identified both through the amnesty scheme and demonetisation were brought under the tax net. Gross tax revenue, including states' share, surpassed budgeted target (of 10.8 per cent) at 11.3 per cent, which was mostly due to higher-than-expected excise collections on petroleum products. Even though, demonetisation had only a neutral effect on direct taxes, which fell within the budgeted target of 5.6 per cent of the gross domestic product (GDP), it said. "Going forward revenues may increase permanently if demonetisation is successful in raising the amount of income reported to tax authorities," World Bank said in a chapter titled 'India's Great Currency Exchange' in its latest 'India Development Update'. On November 8, Indian government had pulled out old Rs 500 and Rs 1,000 currency notes from circulation with immediate effect, which accounted to almost 86 per cent of cash in circulation. The World Bank report is of the view that demonetisation has the potential to accelerate the formalisation of the economy. Informal economy accounted for over half of India's GDP as of 2008-09 and 82 per cent of non-agricultural employment. "Demonetisation promotes a reallocation of resources from the informal to the formal economy ... Many firms that had been reluctant to formalise now adopted digital payments, moving a step closer to formalisation, thanks to the demonetisation exercise," it said further. Formalisation is ultimately a positive transformation that can lead to greater efficiency, World Bank said, adding India's low aggregate productivity is in part due to the prevalence of a large number of informal unproductive firms. Still India needs to bring in complementary measures for ease of doing business to ensure that the new equilibrium of higher formalisation prevails. "The smooth transition of Goods and Services Tax (GST) will be another major complementary reform to promote formalisation, as firms have a strong incentive to register with GST to obtain input tax credits," it added. |
