Skip to main content

Cash in system surges: Informal sector's back?

Currency in circulation touched a new high of Rs 20.65 lakh crore on January 18, 2019. The increase in currency usage points to a recovery in 'informality' in the economy as the government goes easy on goods and services tax compliance and businesses continue using cash, according to Pranjul Bhandari, chief economist, India, HSBC.

from The Times of India http://bit.ly/2I7agG4

Comments

Popular posts from this blog

REPORT: Furious Spike Lee Paces Aisle, Turns Back To Stage...

REPORT: Furious Spike Lee Paces Aisle, Turns Back To Stage... (Top headline, 5th story, link ) Related stories: REVIEW: Hostless Show Starts With Rock & Rolls Off Rails... Actor knocks borders, walls during speech in Spanish... Stage designed to look like Trump hair? 'GREEN BOOK' OVERCOMES BACKLASH, NABS BEST PICTURE... Top Critics Fume... LIST: WINNERS... Advertise here from Drudge Report Feed https://ift.tt/2SUpIKy

Tiny Love Stories: ‘Who Was I to Deprive Him of Joy?’

By Unknown Author from NYT Style https://ift.tt/2UV7YAG

The Ugly History of Dual-Loyalty Charges

When Representative Ilhan Omar recently complained about “the political influence in this country that says it is okay to push for allegiance to a foreign country,” many noted accurately that she had deployed a trope—dual loyalty—that had been used against Jews for years. But this accusation has a broader history in the United States, having been used against several religious minorities—including Muslims like Omar. Indeed, many battles over religious freedom have revolved around dual-loyalty claims. [ Read: Ilhan Omar just made it harder to have a nuanced debate about Israel ] In the 19th century, many attacks on Catholics stressed that these immigrants were pawns of a foreign power. In the 1830s, Samuel Morse—then a prominent painter and later the inventor of the telegraph—urged Americans to build “walls” and “gates” to keep out Catholic immigrants, who would always be loyal to Rome. Because these Catholic immigrants were decrepit —“halt, and blind, and naked”—they were easy to co...