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Benchmark indices closed flat with a negative bias on the first day of the week due to lack of domestic as well as global cues. All eyes are on quarterly earnings season that will kick start this week with IndusInd Bank, Infosys, and TCS. Macro data will also be announced, which will be closely watched especially after currency demonetisation. The 30-share BSE Sensex was down 32.68 points at 26726.55 and the 50-share NSE Nifty fell 8.70 points to 8235.10 while the broader market outperformed.

 

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Closing Bell : Short covering and positive global cues helped the BSE Sensex snap six-day losing streak and the Nifty close above 8000 level on Tuesday after volatility. The broader markets outperformed benchmarks with the BSE Midcap and Smallcap indices rising more than 1.1 percent. Commodities also bounced back after fall in dollar. The 30-share BSE Sensex was up 195.64 points at 25960.78 and the 50-share NSE Nifty climbed 73.20 points to 8002.30. The market breadth also turned positive as about 1475 shares advanced against 1083 declining shares on the BSE. Investors continued to avoid pumping in fresh money into markets due to demonetisation concerns and strengthening dollar. They maintained cautious stance ahead of Federal Reserve's policy meeting in next month.

MUMBAI: A fortnight before his โ€˜Rally For Riversโ€™, spiritual leader Sadhguru Jaggi Vasudev has praised the countryโ€™s growth trajectory and hailed demonetisation. โ€œWe must understand that money is just a transactional mode itโ€™s not a commodity by itself.

 

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Designed and Folded by me from a single uncut currency note of Rs 500(demonetized)

 

It's the same as my previous model "0.5 man". But the medium makes the whole difference. Here is a demonetized note, 0-value, but artistically seen, it's worth more.

I wish the 500 reflection becoming 500002 was clearer - introspection showing one's true worth as much more - but the font style doesn't work so well.

 

Hope you all like it!

"Rise in the confidence index in fourth quarter reflects strong economic, commercial performance at the end of third quarter and at the beginning of fourth quarter, says Nielsenโ€™s Prasun Basu. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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People planning to park their unaccounted wealth in actual estate inside the names of their drivers, maids or through shell businesses, possibly the usage of demonetised notes of Rs 500 and Rs 1000 are in problem , specially after top minister Narendra Modiโ€™s caution that extra anti- graft steps ...

 

pagedesignpro.com/exit-from-became-homes-to-be-difficult-...

On November 08, 2016, Modi scrapped high denomination notes namely Rs 500 and Rs 1000 - accounting 86% of India's currency. This event has been a hot topic since then across the country.

 

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Opening Bell : Equity benchmarks as well as broader markets erased more than half of early gains as traders seem to be using 'sell on rally' strategy due to uncertainty after demonetisation and fears of likely Fed rate hike in December policy meet. In opening, the Sensex surged more than 200 points after falling for six consecutive sessions but could not sustain all gains for long. The index was up 93.02 points at 25858.16. The NSE Nifty also reclaimed 8000 level in early trade but failed to hold the same. It was up 32 points at 7961.10 at 10 am. The market breadth was marginally positive as about 1066 shares advanced against 838 declining shares on the BSE.

Bike 4 Everything has started cashless transaction, offers every comfortable action to enjoy the bike ride in a cashless situation for Booking Bike taxi services, Laundry Services, Logistics Services, tours & travels services etc.

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Demonetisation of old Rs 500 and 1,000 notes had a "material impact on spending" as reflected in significant slowing of GDP growth in January-March, Fitch Ratings said today, warning that the ongoing steep decline in investment could spell risks to growth potential.

 

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99% of demonetised notes returned, says RBI report.The latest RBI data showed that 98.96% of the withdrawn currency โ€” at the time of demonetisation the value of old โ‚น500 and โ‚น1,000 notes in circulation was โ‚น15.44 lakh crore โ€” was deposited with the banks.Only 1.04% of the demonised cash was not deposited or exchanged for new notes.Separately, the data showed that the share of the newly introduced โ‚น2,000 banknotes in the total value of currency in circulation was 50.2% at end-March 2017.Finance Minister Arun Jaitley said seizing of money was never the objective of the demonetisation exercise. โ€œThat people have been compelled to deposit even black money into banks is itself a good evidence of the success.โ€

MUMBAI: Digital payment companies have seen a substantial jump in their business as a result of the government's measures towards promoting cashless transactions post demonetisation last year.

 

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NEW DELHI: Moodyโ€™s Investors Service has hailed wide-ranging economic and institutional reforms of the BJP government over the last three, citing them as the big reasons for the agencyโ€™s first upgrade of Indiaโ€™s sovereign rating in almost 14 years.

 

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Designed and Folded by me from a single uncut currency note of Rs 500 (demonetized)

 

It's the same as my previous model "0.5 man". But the medium makes the whole difference. Here is a demonetized note, 0-value, but artistically seen, it's worth much more.

I wish the 500 mirror reflection becoming 500002 was clearer - introspection showing one's true worth as much more - but the font style doesn't work so well.

 

Hope you all like it!

New Delhi: Heightened surveillance and a crackdown on black money has led to a three-fold increase in PAN (permanent account number) registrations, an 18% rise in income tax returns as well as a significant increase in the number of properties seized by the tax department to 475.

 

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The disruptive impact of demonetisation announced last year is a temporary phenomenon and the scrapping of the high-value currency would bring "permanent and substantial benefits", according to the International Monetary Fund (IMF).

 

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Unprecedented response to App Survey, record number of citizens share their view. Everyone share your views on #demonetisation drive on Modi app. We need your support for an effective surgical strike on black money.

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via NMApp

"According to separate reports in The Hindu, both economists have said that cashless economy is a boon and that it will kill black money and corruption. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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Bhopal : First Demonetisation, then Real Estate Regulatory Authority (RERA) and now Goods and Services Tax...Read more here goo.gl/xRdtYY with www.realtymedia.in

India's economic growth outlook has improved as impact of demonetisation is fading and some key reforms are paying off, but concerns are growing on corporate debt and banking system vulnerabilities, the IMF said today.

 

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MUMBAI: Global ratings agency Moody's on Friday revised the country's sovereign ranking to Baa2 from Baa3 - its first upgrade in almost 14 years โ€” citing implementation of a string of economic reforms, including demonetisation and rollout of the goods and services tax. The new rating, India's highest since the 1991 reforms, comes as a huge boost for the government.

 

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Business News: RBI May Cut Rates By Up To 50 bps Next Year

RBI surprised with a status quo on policy, premised on upside risk to January-March quarter inflation and limited transient growth drag owing to demonetisation.

NEW DELHI: The rate cut cycle may not be over, and the Reserve Bank of...

 

www.expressess.com/business-news-rbi-may-cut-rates-50-bps...

Designed and Folded by me from a single uncut currency note of Rs 500 (demonetised).

 

Some fun wordplay XD

 

How is the Indian Real Estate Market, after a year from demonetisation? Know every detail @ aditiahuja.livejournal.com/3517.html

Former Congress president Rahul Gandhi on Thursday blamed the 2016 demonetisation for the slump in the Indian economy which recently hit a steep minus 23.9 per cent drop in GDP in the April-June quarter.

www.apnlive.com/rahul-gandhi-blames-demonetisation-for-ne...

Cellular operators affiliation COAI on Thursday stated government’s decision to allow Antique Rs. 500 notes to be used for Prepaid cellular recharges will cope with problems being confronted by using over the counter clients and allow over the counter to maintain over over the counter cell...

 

networkposting.com/demonetisation-old-rs-500-notes-can-no...

Demonetisation, as the courageous move by Prime Minister Narendra Modi to ban currency notes with denominations of Rs 500 and Rs 1,000 on November 8, 2016, is popularly known, will long be remembered as the most telling body blow to rampant and widespread corruption and black economy that 10 years of UPA rule had foisted on India

 

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Union Finance Minister Arun Jaitley today said demonetisation left Maoists in many parts of India and separatists in Jammu and Kashmir "fund starved".

 

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This year's rally after demonetisation lows in end-December has been a one-way street, with barely any sharp corrections

 

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"Improved demand from the United States, European Union and Japan helped increase Indiaโ€™s exports for the fifth month in a row in January, indicating that demonetisation has not hit exports as much as feared. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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Any country that takes steps to control flow of black money and corruption needs to be commended,"" said Canada's Minister for Infrastructure Amarjeet Sohi. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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Demonetisation impact was noticeable on the informal sector which was dependent on cash, in the later part of the FY17, said IMFโ€™s Deputy Director for research Gian M Milesi-Ferretti. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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"In order to tackle the problems caused by demonetisation, GCMMF/Amul had been specifically directed to ensure 100% milk producers accounts to be opened by the end of 2016. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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"

 

"""India is forecast to have the fastest growing economy among all G-20 countries with growth put at 7.1 per cent for 2017, down from a previous expectation of 7.5 per cent because of the effects of demonetisation,"" Moody's said. Get Narendra Modi's & BJP's latest news and updates with - nm4.in/dnldapp

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