The Times of India says that 90% of scrapped notes have been deposited and a big dividend is unlikely. Visit:
http://timesofindia.indiatimes.com/india/90-of-scrapped-notes-back-in-system-big-dividend-unlikely/articleshow/56210235.cms
Obviously, there would have been a dividend to the Govt. if a large number of "owners" of black money had burnt their banned currency holdings instead of laundering them, but those guys have obviously paid a large number of intermediaries to deposit the loot in small lots under different names.
One hope is that income tax collection this year could be significantly more and thereby provide a dividend to the government.
Another hope is that more people will pay more income tax in future years because the government has shown that it is willing to take major steps to penalize tax evaders.
The doubters point out that slowing of the economic growth will reduce tax collections this year at least.
The results for this year will be really known only after March 31. Meanwhile the budget is expected early in February. It may bring reduced corporate taxes as indicated by the Finance Minister informally. What else can we expect? Visit
http://indianexpress.com/article/business/budget/budget-2017-here-is-what-we-can-expect-from-the-upcoming-financial-year-4435513/
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One generation goes to the bank to get cash and the next generation arrives before the cash is made available! Visit
Woman Waiting in Bank Queue Delivers a Baby
The baby, it seems, was born inside the bank! I hope they name the child Kuber, if it was a male! If it was a female baby, it will of course be named Lakshmi! Not many people are fortunate to be born in a bank!
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