LIVE MARKET TRACKER :   BSE SENSEX   31406.79      |    NSE NIFTY 9807.45    
GLOBAL MARKETS :  NASDAQ 6216.5269   -0.0866%    |    FSI London 7323.98   -0.86%    |    NIKKEI Japan 19413.98   -0.29%
  USD GBP EUR CAD AUD INR
USD - 0.7770 0.8517 1.2598 1.2625 64.1000
GBP 1.2870 - 1.0958 1.6213 1.6246 82.4446
EUR 1.1744 0.9126 - 1.4795 1.4825 75.2314
CAD 0.7943 0.6173 0.6762 - 1.0026 50.8690
AUD 0.7922 0.6157 0.6747 0.9980 - 50.7500
INR 0.0156 0.0121 0.0133 0.0197 0.0198 -
Indian-Commodity  :  Economy  :  Note ban's real fallout evaluation may take few months: Subramanian

Note ban's real fallout evaluation may take few months: Subramanian (20-Apr-2017)

Chief Economic Adviser Arvind Subramanian has said that it may take few months to evaluate the real fallout of Modi government's decision to withdraw high-denomination currency notes from circulation. He also pointed out that India's high GDP growth rate in the previous financial year may not reflect the actual impact of note ban mainly on the informal sector.

However, Subramanian has stated that the impact of the sudden withdrawal of over 86 per cent of Indian currency is pretty much over as the newly- printed Rs 500 and Rs 2,000 notes hit the banking system, replacing the old Rs 500 and Rs 1,000 notes that were cancelled overnight on November 8, last year. On the GDP front, he said that the country is projected to have clocked a surprising 7.1 per cent growth in the financial year 2016-17 with a 7 per cent growth rate in the October-December quarter, notwithstanding demonetization.

He further said that the informal sector, which does the bulk of its transactions in cash, had borne the biggest brunt of demonetization. He also said that the full impact of demonetization will only be known over the course of the next few months, except for the impact on the informal sector, which they do not think that they are really going to get a handle on at all. He also conceded that the government's decision to demonetize high-denomination notes was a step towards digitization and broadening of the tax base. Adding further, he said that it is really about creating an infrastructure, using technology to better deliver government services in the long run.


Top News Today
Kotak India Growth Fund sells 23.68 lakh shares of Minda Corporation
(21-Aug-2017)

Kotak India Growth Fund sells 23.68 lakh shares of Minda CorporationKotak India Growth Fund II has sold 23.68 lakh shares of Minda Corporation at Rs 112 per share on the BSE on August 18, 2017. However, Steinberg India Emerging Opportunities Fund has bought 24.90 lakh......click on news to read complete article.

Aurobindo Pharma planning to broaden portfolio in US
(21-Aug-2017)

Aurobindo Pharma planning to broaden portfolio in USAurobindo Pharma is planning to broaden portfolio in the US through accelerated growth in injectable, OTC and higher complexity products. The company is also planning to expand presence into new geographies......click on news to read complete article.

WHV-EAM International buys 23.15 lakh shares of Meghmani Organics
(21-Aug-2017)

WHV-EAM International buys 23.15 lakh shares of Meghmani OrganicsWHV-EAM International Small Cap Equity Fund has bought 23.15 lakh shares of Meghmani Organics. The company has purchased these shares at Rs 70.70 per share on the NSE on August 18, 2017.Meghmani Organics......click on news to read complete article.

International Stock News
US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

US markets closed lower on Friday
(19-Aug-2017)

US markets closed lower on FridayThe US markets closed lower on Friday, to register another unsightly week of losses as low volumes and skittish investors left Wall Street especially vulnerable to pullbacks. Stocks shifted between gains......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.