Demonetization to surprise economist with results
Demonetization surprise, may not have negative impact if substantial black money in roped in white with people showing cash sale in accounting.
Demonetization has both negative on market with less demand but positive with black money forced in white two overlap GDPsurge 1 % -1,5 2LCr.Naresh Kumar Sagar @Nksagar
How far tax total collection in treasury by close 31Dec 2016 if proved plus More countries to follow demonetization route 2 galvanize Economy.
Indian economy with traditional factor and rapid technology is to rise for infra and development projects, business houses need build ethics of Quality.
Demonetisation will help increase govt revenue
Finance Minister Arun Jaitley today expressed hope that demonetisation will help increase government revenue and lower fiscal deficit, leading to higher expenditure on defence and rural infrastructure.
Speaking at the launch of the Digi Dhan Mela in New Delhi, Mr Jaitley said with the junking of the old high-value currency, the parallel economy has become part of the formal system, which leads to higher accountability and taxation that boost economic growth and transparency.
He illustrated this point by saying that shifting towards less cash economy will help bridge fiscal deficit and bring about improvement in rural India. He said the move will augment capability of administration, increase defence expenditure and improve spending on the poor.
Mr Jaitley said anonymity of money is gone with demonetisation as the money has come into the banking framework. The banks, in turn, can extend more loans and help build a better economy, he said.
India set to test fire Agni-5 ballistic missile
India test fires Agni V ballistic missile off Odisha coast fourth and final time, strike range over 6,000 kms
India is set to test indigenous developed intercontinental surface-to-surface nuclear capable ballistic missile ‘Agni-5’ from the Abdul Kalam Island off Odisha coast today.
Defence Research and Development Organisation sources said, range co-ordination has reached its final stage for the fourth test of Agni-5 missile.
The indigenous-developed surface-to-surface missile, Agni-5, is capable of striking a target more than 5,000 km. It is about 17-metre long, 2-metre wide and has launch weight of around 50 tonnes. The missile can carry a nuclear warhead of
more than one tonne.
more than one tonne.
Powering the Agni-1P will be the cutting-edge technologies developed for the Agni-4 and Agni-5 missiles, which the Defence R&D Organisation claims matches those in intermediate range ballistic missile anywhere. These advanced technologies will replace the technologies of the 1990s that powered the Prithvi and the early Agni missiles.
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