Govt said the notes in circulation had grown at an average growth rate of 14.51 per cent year on year wise since October 2014.
Unaccounted wealth outside the country held by Indians was estimated in the range of USD 216.48 billion to USD 490 billion over various periods between 1980 and 2010, according to three separate studies conducted by three premier institutes -- NIPFP, NCAER and NIFM.
Illicit outflows from the country are estimated on an average at 10 per cent of the estimated unaccounted income.
In a written reply to a question in the Lok Sabha, she said over 6.49 crore electronic returns were submitted for assessment year 2018-19.
Around 41% of the respondents in the survey covering over 300 manufacturing units expect higher production during the June quarter - a 13% drop since the March-quarter.
For April, the total expenditure of the government was Rs 2,54,679 crore or 9 per cent of BE
Finance Minister Nirmala Sitharaman, Minister of State for Finance Anurag Thakur and senior officials of the ministry Saturday observed the symbolic 'Halwa' ceremony to mark the launch of formal printing of documents relating to the Union Budget 2019-20. The NDA government would on July 5 unveil the full Budget for 2019-20. Watch now. (Text: PTI)
The ministry cautioned the general public not to circulate the order since it is confidential in nature and may attract punitive actions under applicable legal provisions.
Nirmala Sitharaman will present the first full Budget of the Narendra Modi government, after its return to power, in the Lok Sabha on July 5.
Slowing economy has created shortfall in tax collections, putting pressure on govt to inject stimulus.
Non-food credit increased 11.9 percent in April from 10.7 percent in April 2018.
Of the 1,858 corporate debtors referred to the NCLT upto March 31, 920 or 49 per cent cases have been referred by the operational creditors.
Since a year or so, most banks have been refusing to collect the huge quantity of coins on grounds of lack of storage space, difficulty in counting, transporting and putting them back into public circulation.
The Economic Advisory Council to the Prime Minister (EAC-PM) on Wednesday rejected the claims of former CEA Arvind Subramanian regarding over-estimation of GDP growth after 2011, saying his analysis ignores data on services and agriculture and shows blind trust in a private firm CMIE.
The EAC-PM asserted that India's GDP estimation methodology is on par with its global standards.
The survey stated that annual budget for agriculture and allied activities sectors in 2018-19 in the annual credit plan was Rs 85,464 crore.
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