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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