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2,000 notes: Rs 6,839 cr still with the public

2,000 notes: Rs 6,839 cr still with the public

The Reserve Bank on Monday said 98.08 per cent of the Rs 2,000 banknotes have been returned to the banking system, and only Rs 6,839 crore worth such notes are still with the public. Photograph: PTI Photo from the Rediff

‘GST Council Should Jack Up Rates’

‘GST Council Should Jack Up Rates’

‘Rates go up, revenues go up, and the need for compensation diminishes.’   The Goods and Services Tax Council has turned into a “rate cutting panel”, former chief economic adviser Arvind Subramanian said on Friday while suggesting that the council