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गुरूमूर्ती यांचे नोटबंदीवरिल विचार अत्यंत सोप्या शब्दात  १९९९ मधे सामान्य GDP च्या ९.४% रोकड जनतेकडे होती. यांत्रिकीकरण, संगणकीकरण, बँकिंग आणी डिजीटल व्यवहार, इंटरनेटचा वापराच वाढत प्रमाण लक्षात घेता, २००७-२००८ पर्यंत खर तर रोकड बाळगण्याचं प्रमाण कमी व्हायला हवं होतं. पण ते कमी नं होता, सामान्य GDP च्या १३% झालं ! त्यातही २००४ मधे ५००/१०० च्या जितक्या नोटा लोकांकडे होत्या (३४%) तेच प्रमाण २०१० मधे ७९% इतकं झालं.  याचाच अर्थ कितीतरी रकमेच्या मोठ्या नोटा लोकांकडे कॅश स्वरूपात पडुन होत्या! *स्रोत* पुढील टेबल नीट बघा :- साल ===== ५००/१००० च्या नोटा २००४ ===== ३४% २०१० ===== ७९% ८ नोव्हेंबर २०१६ ===== ८७% म्हणजेच मोठ्या चलनी नोटांच्या संख्येत २००४ ते २०१० मधील सरासरी वाढ होत होती ५१%. तर २०१३-१४ मधे ६३%. रिझर्व बँकेने स्पष्ट केलंय कि १०००च्या दोन तृतीयांश (२/३) आणि ५००च्या एक तृतीयांश (१/३) नोटा छापल्यानंतर त्या कधी बँकेत आल्याच नाहीत.  अश्या नोटांचं एकूण मूल्य आहे ६ लाख करोड…! दुर्लक्षीत व मार्केट मधे अदृष्य झालेल्या  मोठ्य...

Where the demonetisation debate turns bizarre is when self professed well-informed critics take a single data point, like return of 99 percent of devalued currency, and argue that this signifies "utter failure of the motive" and hence demonetization has failed. This attempt to base a sweeping judgement on a single matrix is being done by that section of the elite upper class and / or leftovers - who suffer from a reflexive derision of Modi, and wouldn't budge from making a political point in the garb of economic prudence. Their problem with Modi is essentially that they are no match to him. Let us analyse their core argument and see how it is flawed. First, nowhere did the government make any definitive claim that a huge amount of devalued currency would never return, much less mention a benchmark figure. The closest that we come to such a figure was when the then attorney general Mukul Rohatgi told Supreme Court last December that the amount of money alre...

The  GST Council  may reduce the number of products in the highest slab, following a series of complaints by state finance ministers, who have argued that several common-use products face a 28% levy, causing hardship to people. At least two state finance ministers opined that a number of items like bath fittings, cement, steel products such as rods used for construction are in the top bracket and do not belong there. “The idea was to classify the goods and services into merit and non-merit goods with the non-metrit goods in the top bracket. But we have gone beyond that,” said a state finance minister, who has usually sided with the Centre on most issues. The minister said the “block” was too big and needed to be reduced.  The second state FM said the issue is expected to be discussed at the next meeting of the Council scheduled in Guwahati, given the concerns expressed by several states. “In the medium-term the aim is to move to fewer slabs,” the minister said. Finance ...

Prime Minister Narendra Modi tonight said the GST has become "even simpler" after GST Council's recommendations and that it is in line with the government's constant endeavour to safeguard citizens' interests and ensure India's economy grows.  He congratulated Finance Minister Arun Jaitley and his team for engaging with various stakeholders for "extensive feedback which led to today's recommendations" on GST (Goods and Services Tax).  The Minister of State for Finance, Mr. Pon Radhakrishnan said that the ministry was receiving requests from various industries and sectors requesting for changes in GST slabs, which were done depending on merits, the minister of state for finance told media. Union minister Pon Radhakrishnan  said that the changes in GST rates were made considering the demands from various sectors.The ministry was receiving requests from various industries and sectors requesting for changes in GST slabs, which were done ...

The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting held on October 6, 2017, to fine tune aspects of the new tax system that has created upheavals amongst the trading community since it was rolled out on July 1. The Goods and Services tax (GST) council on Friday cut rates on 27 items and 12 services, and approved sweeping changes in rules to soothe frayed nerves of millions of small enterprises and exporters that have been battling with procedural irritants, delayed refunds and technical glitches on returns filing. The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22 nd  meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1. Here's the full list of revised rates on 27 goods and 12 services. 1) Mango sliced dried Old rate: 12% New rate: 5% 2) Khakra and plain chapati Old rate: 12% New rate: 5% 3) Food preparations...

GST registration: A 10 step guide Goods and Services Tax (GST) registration is a must for every business owner whose annual turnover exceeds Rs 20 lakh. However, in some states with special status, the amount is lowered to Rs 10 lakh. If you are a businessman and want to understand the basic process of GST Registration, here is a complete step-by-step guide to help you: First step:  Go to GST official website – https://reg.gst.gov.in. Click on Services tab and select Registration from the drop-down menu. Second step:  Now select New Registration and enter required details such as – mention whether you are a Taxpayer/GST Practitioner/Tax Deductor, then your state/ union territory, district, name, PAN number, email ID and Mobile number for OTP. Then enter verification characters and click on proceed. Third step:  An OTP will be sent to the email ID and Mobile number you entered in the second step. Enter that OTP and click on Continue. Fourth step:  A...