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Union budget, presented every year in February, is a unique event in the fiscal calendar of India. Everyone, from poor to rich earmarks the day to hear the Finance Minister’sspeech. Before, during, and after the budget is presented, the entire nation is engrossed in debates with their own expectations and understanding. While salaried class expects changes in tax slab, the industrialists expect ease in policies for their respective sectors. Similarly, people in villages

Prime Minister Narendra Modi, while announcing the demonetization of higher value currency (Rs. 500 & 1000) on 08th November, 2016 had categorically established this fact that in India majority or 68% of the business transactions by value and 98% by volume (source: PWC, 2015) happen through cash (source: CLSA). Let us take a holistic view of the expanse of cash dependence in our financial system and how less-cash economy will do wonders for

There is a lot of hue and cry about the recent demonetization of large value currency (500 & 1000) by the government. The opinion of economic pundits worldwide is split on the merit of the move with some calling it a brave, progressive, and futuristic move while other are taking a more pessimistic – wait and watch approach. While the government is of the firm view, that demonetization will weed out black money