Withdrawal of money from bank accounts was curbed amid a massive cash crunch that followed Prime Minister Narendra Modi's sudden announcement on November 8 last year scrapping 500 and 1000 rupee notes.
The government has capped anonymous cash donations to political parties at Rs 2,000 per donor.
The lucky award schemes have been launched to promote only small transaction between Rs 50 and Rs 3,000.
Finance Minister Arun Jaitley on Wednesday said the Joint Parliament Standing Committee has cleared the Bankruptcy and Insolvency Code and is likely to be discussed in the current Budget Session of Parliament.
Reserve Bank Governor Raghuram Rajan held repo rate steady at 6.75 per cent in his monetary policy announcement on Tuesday. The status quo on repo rate comes amid a pick-up in economic growth, the recent uptick in retail inflation and the prospects of a rate hike in the US.
RBI Deputy Governor Urjit Patel on Thursday said the central bank expects Current Account Deficit (CAD) around 1.5 per cent of GDP in the current fiscal.
The Indian economy is shown signs of improvement, the governor of the Reserve Bank of India said on Thursday, adding that a pickup in rural demand would further improve economic growth.
Moody's Analytics, an economic research unit of Moody's Corp, also raised a red flag over the Parliament logjam.
The bill, which has already been approved by Lok Sabha, will now have to be taken up for passage in the Upper House.
The I-T department has particularly been bolstered by ever-increasing collections under the TDS head as it believes that collecting taxes this way promotes a "non-adversarial" regime and according to latest data of the Finance Ministry, TDS now contributes 36.08 per cent of the total direct taxes collection.
Reserve Bank of India kept interest rates on hold at 7.50 per cent on Tuesday, choosing to wait longer to assess inflationary pressures before making its next move.
India on Monday forecast that annual economic growth would accelerate to 7.4 per cent in the year ending in March after its statisticians changed the way they measure Asia's third-largest economy.
Consumers struggling under the burden of high EMIs have been feeling cheated as a majority of banks have not lowered lending rates despite the 25-basis point repo rate cut by Reserve Bank on January 15. The irony is that "big brother" Raghuram Rajan cannot do much about it.
In the RBI's monetary policy statement review, Governor Raghuram Rajan said banks could extend timelines for large stalled projects by bringing in new 'promoters', or owners.
The actions, unveiled at the RBI's policy review on Tuesday, reflect the central bank's cautious approach to foreign investment, which is integral to narrowing the current account deficit but leaves the country exposed to outflows in periods of global market volatility.
He indicated that the quality of fiscal consolidation, rather than the headline deficit number alone, will be important for him while undertaking any further cuts.
The Reserve Bank of India (RBI) held interest rates steady on Tuesday, while boosting banks' liquidity in a bid to persuade them to lower lending rates after they failed to pass on the benefits of the last official rate cut three weeks ago.
Instead, the Reserve Bank of India cut the statutory liquidity ratio (SLR) - or the amount of bonds that lenders must set aside - by 50 basis points to 21.5 per cent of deposits from the two-week cycle starting on Feb. 7 in a bid to spur banks to inject more credit into the economy.
The Reserve Bank of India held interest rates steady at 7.75 per cent on Tuesday after easing monetary policy just three weeks ago, leaving its next move probably until after the government presents its annual budget at the end of this month.