Demonetisation to blame
| | | Economist Arun Kumar, widely considered to be an authority on black money in India, has said that our economy is in recession and we have demonetisation to blame. In an interview with Huffpost India's Akshay Deshmane that the effect of demonetisation on the unorganised sector continues to play out even today. Meanwhile, Vodafone has said it is in a 'critical' state in India and could head for liquidation. Find out why. In other news — the 'notoriously prudent' CBFC has now blurred out alcohol glasses in Christian Bale-Matt Damon starrer Ford V Ferrari. |
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| | | | Arun Kumar, who currently teaches at the Institute of Social Sciences in New Delhi, said the current state of the economy is being called a “slowdown” because people look only at the official government figures about the growth of the Gross Domestic Product, which capture data only for the relatively better-off organised sector. |
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| | | | | | Vodafone had asked the government for a relief package comprising a two-year moratorium on spectrum payments, lower licence fees and taxes and the waiving of interest and penalties on the Supreme Court case, which centred on regulatory fees. |
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