Even rating agencies and broking houses have cut their estimates of India’s GDP growth for 2016-17 anticipating disruption by demonetisation.
“To discourage the creation of black money and curb corruption, we will also need to tackle election funding,” Panagariya told ET.
"We have a committee under Mr NK Singh looking into the matter, which would be making its recommendations soon. So this is an open question at the moment."
To extend the coverage to the entire workforce a new employer friendly scheme has been approved at the 170th meeting of EISC, chaired by labour minister, a statement from ESIC said.
Lucky Grahak Yojana and the Digi-Dhan Vyapari Yojana will be launched on Dec 25 and will be run by the NPCI for 100 days. It'll cost the govt Rs 340 cr.
Hailing the finance minister Arun Jaitley's announcements of invectives to promote digital payments, Naidu said the move will help in encouraging use of digital mode of payments.
The committee reiterates that the mandate of the NITI needs greater clarity and emphasis on issues like inter-ministerial and departmental coordination and especially with regard to the centrally sponsored schemes.
"The committee members are not entirely satisfied with the reply of the ministry of planning ," the report, tabled on Parliament on Wednesday, said.
Efforts are already on to implement Aadhaar-enabled transactions. These include talking to mobile manufacturers, merchants and banks.
Monday’s meeting was preceded by a meeting last week, which was attended by power minister Goyal and IT minister Prasad to evolve a strategy to fast-track cashless transactions.
- No blogs yet have been written by the author, we’re sure the author will contribute one soon