Prime Minister Narendra Modi scrapped Rs 500 and Rs 1,000 banknotes on November 8 in a bid to flush out cash earned through illegal activities, or earned legally but never disclosed.
Ssome state have insisted on exclusive control over small taxpayers, who earn less than Rs 1.5 crore in annual revenue.
A discount of 0.75 per cent will be offered on purchase of petrol and diesel through either credit/debit cards, e-wallets and mobile wallets.
Fitch said there has been a rapid build-up of private sector debt - both corporates as well as households - in a number of APAC economies since 2009.
Finance Minister Arun Jaitley announced that Indian Railways passengers making digital payments will get accidental insurance cover of Rs 10 lakh and a 5 per cent discount on digital payments for railway facilities like catering and retiring rooms.
The SBI report said that "there is possibility of double-counting of money deposited in the banks on various accounts".
The RBI surprised with a status quo on policy, premised on upside risk to January-March quarter inflation and limited transient growth drag owing to demonetisation.
Workers in France and Germany are forecast to see real wage rises of 1.5 per cent and 2.2 per cent respectively.
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.