Currently, India is ranked 130th out of 190 economies in the Doing Business Report, 2017.
The average per account deposit in Jan Dhan accounts isRs 13,113 for the period from November 8 to December2.
Pinning hopes on quick resolution of the "difficult issue" of tax jurisdiction with states, Finance Minister Arun Jaitley on Wednesday said that Goods and Services Tax regime will be rolled out from April next year.
The Monetary Policy Committee unanimously voted to leave the policy rates of repo and reverse repo unchanged at 6.25 per and 5.75 per cent, respectively.
The speculation has been based on the premise that the RBI's liability from notes that do not return to the banking system will be extinguished.
In its fifth bi-monthly monetary policy review, the RBI on Wednesday kept its benchmark interest rate unchanged at 6.25 per cent.
Considering the average growth of money supply for lastthree years which is around 12 per cent, growth in moneysupply might moderate to an estimated 9 per cent in nearterm
With RBI belying expectations of a rate cut, India Inc expressed disappointment saying a rate cut was needed to provide fillip to the flagging industrial economy and stimulate consumption that has been hit by demonetisation.
The demonetisation decision was taken after detailed deliberations and not in haste, while nearly Rs 11.85 lakh crore or 80% of junked notes have come back into the system, RBI said promising to maintain steady supply of new currency to ease cash crunch.
S&P said many key US policies under the new administration remain undefined, leading to unusual uncertainty around the baseline outlook.
There were calls for a rate cut as an intense cash shortage threatens to slam the brakes on the world's fastest growing major economy.
The scrapped notes in circulation as of Nov. 8 were worth about Rs 15.44 lakh crore, according to government data. The old notes can be deposited in bank accounts up until Dec. 30.
The central bank said almost Rs 11.55 lakh crore in old notes has been deposited back in the system.
The RBI in its first monetary policy review after notes ban kept its repo rate unchanged at 6.25 per cent, surprising the Street.
The RBI will announce the decision of the Monetary Policy Committee at 2:30 p.m. A 25-basis-point cut could bring down the RBI's repo rate, or key lending rate, to 6 per cent - the lowest since September 2010.
The Reserve Bank of India in its first monetary policy review after the notes ban kept its repo rate unchanged at 6.25 per cent, surprising the Street.
Finance Minister Arun Jaitley sought parliamentary approval on Wednesday to increase net spending by Rs 35,170 crore.
Investors have one big question for India's central bank at Wednesday's policy review: will Prime Minister Narendra Modi's clampdown on cash hurt economic growth and how deep will the pain go?