“The two successive shocks of demonetisation and the GST had a serious impact on growth in India. Growth has fallen off interestingly at a time when growth in the global economy has been peaking up,” he said delivering the second Bhattacharya Lectureship on the Future of India. A growth rate of 7 percent per year for 25 years is “very very strong” growth, but in some sense, this has become the new Hindu rate of growth, which earlier used to be 3.5 percent, Rajan said.

Car sales grew marginally by 0.38 per cent to 1,85,400 units last month as against 1,84,706 units in October last year, according to data released by the Society of Indian Automobile Manufacturers (SIAM) Friday.

Tax filers under both direct and indirect taxes are close to getting doubled. Digital payments have risen sharply and become common place. Fake notes are out, Economic Affairs Secretary Subhash Chandra Garg tweeted

According to the draft papers, the company IPO will put up 49,58,98,076 shares for sale, worth 24.64 per cent stake dilution.PNB will offer up to 8,04,95,242 shares in the IPO, while Metlife International Holdings LLC will offload 12,90,36,281 stocks.