The Central Statistics Office (CSO) has recently released estimates that India’s GDP for the third quarter ended December 2016 recorded a growth of 7 percent, sharply beating expectations for a much lower 6.4 percent growth rate indicated in a Reuters poll held just before. The Continue Reading
The Government has decided to discontinue the legal tender character of ‘Higher Denomination Bank Notes’ (HDN) of Rs 500 and Rs 1,000 with effect from November 9, 2016.In other words, such notes will not be legal tenders from midnight of November 8, 2016. Old HDN can be exchanged or deposited in banks till December 30, […]Continue Reading