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Cash in circulation rises, hindering Modi govt’s digital economy push Ratio of currency in circulation to GDP has risen to 11.23 per cent as of March 2019, putting question mark over demonetisation aim. Current Affairs :India’s reliance on money may ease back the nation’s change to advanced installments regardless of enormous quantities of web and cell phone clients. For some, residents living in rustic zones, money is as yet the bedrock of every day presence as a result of an absence of offices. Sudhir Shinde, a rancher in Satara locale in Maharashtra, says he pulls back more cash from his bank than required as the cash candy machine in his town has not been operational for a considerable length of time. “In the event that I need cash critically, I should make a 32 kilometer excursion to Satara town, which isn’t constantly conceivable,” said the 37-year-old sugarcane rancher Shinde, while purchasing composts for his winter-planted harvests. “I generally keep cash cl...

With G24 backing, India to battle it out with US, UK to tax digital firms   Aditi Mehta     Uncategorized     May 30, 2019   1 Minute The OECD report on the subject will be finalised in 2020. India has the backing of 28 countries of G24 Economy :-India will press for enlarging the extent of perpetual foundation (PE) to impose computerized endeavors, for example, Google, Facebook, Microsoft, and Netflix at the Organization for Economic Co-task and Development (OECD) Base Erosion and Profit Shifting (BEPS) Inclusive Framework meeting in June. With G24 backing, it will battle it out with the US and the UK to push through its ‘critical monetary nearness’ proposition at the OECD, as 128 areas sit together to set up a multilateral instrument to carry these organizations into the assessment net. In its portrayal, India has pitched for ‘noteworthy financial nearness’ guideline, contending that PE ought not just require a fixed spot of business a...