Demonetization

market outlook

Market Outlook December 2017

The Indian markets have been range bound with NIFTY hovering between 10,000-10450 for over a month waiting for the next cue. The next cue could potentially be coming from Gujarat. Though symbolic how the current ruling party fares in the state could provide some indication to how BJP fares in the 2019 elections. A strong …

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Demonetization

Demonetization a success or failure-time will tell

As per the RBI, an estimated Rs.15.28 lakh crore has been deposited as on June 30, 2017 as compared to Rs 15.44 lakh crore in circulation. PM Narendra Modi’s decision to cancel the tender of 85% of currency in circulation on 8th November 2016 was greeted with delight in some quarters and anger in others …

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UNION BUDGET 2017-18 – Reviving Demonetized India

The Union Budget 2017-18 presented by Arun Jaitley on 1st February can be termed as a good effort under the prevailing circumstances. This was a challenging situation with very high expectation post demonetization. We feel the finance minister has done a good balancing act by not tinkering too much with tax rates (partly leaving changes …

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