Impact of Demonetisation on Various Sectors

The sudden announcement of government to discontinue the use of 500 and 1000 denomination notes w.e.f 8th November midnight was received with applause as well as criticism by many. This demonetisation exercise is not only a big but also a bold step to erode the parallel black money economy that has ailed Indian economy for decades. Many have their concerns around the efficacy of this measure in long term. Yes, it is a step which flushes out black money in a flash and is not sustainable in long run but right now the sentiment in India topples towards “some step is better than no step”.  It is also being accepted that FY ending March’17 may show a dip in our GDP growth . In this article, we are discussing “Demonetisation” as a measure and its pros and cons. Thereafter we will move onto its impact on various economic and industrial sectors of India.

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Demonetisation Impact On Indian Economy

On the fateful night of 8th Nov 2016, the Indian government announced that the 500 and 1000 rupee note will cease to be a legal tender with immediate effect. This announcement caught everyone by surprise and impacted over 86% of the currency in circulation. Never in the history of India was a demonetisation exercise carried out at such a massive scale. In this article, we examine the impact of demonetisation on RBI's balance sheet and then we look at the short-term impact on Indian economy.

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5 Silent Reforms of the Modi Govt.

While the media, industry and general public has been taken on by the on-stage drama that unfolded with GST bill getting passed, very silent and revolutionary reforms have been shaping at the backstage as well! These amendments and reforms would yield long term result and strengthen our economy at the core. They may not immediately affect the common man as yet, but a thriving economy with strong fundamentals would, at a later date. So here are five silent reforms, present government has made that we think are going to make a huge difference in the future.

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Does The 6000 Cr Package Mark Revival Of Ailing Textile Industry?

The Finance minister Mr.Arun Jaitely has given his approval to a Rs. 6000 Cr package for revival of sick textile industry in a meeting chaired by the Prime Minister Mr.Narenda Modi. This move is a big step for the sector as well as the economy of the country. The package not only aims at providing financial aid to the industry that has been flailing for years but also strengthen it with labour law reforms, duty drawbacks and other incentives.

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Indian Corporate Debt: The Ticking Time Bomb

Recently the RBI governor, Raghuram Rajan raised red flag on the condition of corporate debts amounting to INR 5.65 lakhs Crore! This figure constitutes 20% of the total corporate debts extended by banks to top 441 non-financial entities. The 67 companies that accounted for this large number which is well headed for a write–off are reportedly fighting insolvency and failing at it.

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Scheme Uday- A chance for Indian DISCOMS to rise?

Plagued by a real possibility of bankruptcy, electricity distribution companies or DISCOMs in India paint a troublesome picture today. On November 5th of 2015, Union government introduced a scheme- Ujjwal Discom Assurance Yojna (UDAY) to rescue the distressed power distribution sector. UDAY is a comprehensive voluntary scheme that includes debt restructuring, curbing operational inefficiencies and some long pending reforms urgently required in the DISCOM segment.

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The Great Indian GST Story……So far

GST is presently the darling of newsmakers in India and there is every reason behind excitement and interest around this path-breaking bill (as and when it gets passed in the Parliament). There is a lot that has taken place and still a long way to go as far as the approval of bill and its implementation is concerned. Here, we give our readers a lowdown beyond the news and technical jargon as to how GST story has unfolded till now.

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