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Demonetisation has been the biggest reform move in India since nationalisation of 14 private banks in 1969. The impact of the decision is already being felt. As of mid-January 2017, the forecast on the GDP expected in the last year is 7.1%, as against the pre-demonetisation expectation of 7.6%. There is a slowdown happening alright and the Central Statistics Office (CSO) data released recently seems to bear that out. The economic indicators for November and [...]


Amazon Canada has listed for sale a machine washable doormat with the Indian flag printed on it for CDN$27.99. The seller is apparently a Canadian company with Canadians as their major customers. Somebody tweeted a screenshot of it to the Minister for External Affairs Sushma Swaraj and what followed was a fierce nationalistic response by the Minister, wherein she threatened Amazon to withdraw the product along with all other similarly offensive products forthwith and issue [...]


Prime Minister Narendra Modi inaugurated India’s first international exchange – India INX – on Monday, January 9, 2017, at the International Financial Services Centre (IFSC) in Gujarat International Financial Tech City (GIFT) located in Gandhinagar. Modi inaugurated the INX by sounding the virtual gong and termed it as a “momentous occasion for Indian financial sector”. India International Exchange (INX) is the wholly owned subsidiary of BSE (Bombay Stock Exchange), a pioneer in the world of [...]

flipkart new ceo

Flipkart is India’s leading e-commerce company with a current market valuation of $15-billion. It’s been in the news for a variety of reasons; some good and some not so good. Flipkart’s market valuation has been a source of both envy and inspiration for other start-ups, many of which have been witnessing a lot of venture capital interest post 2010. But of late, Flipkart has also been witnessing a lot of churn at the top. Sachin [...]


November 8, 2016 – we’re not likely to forget this date all too easily. The demonetization of high denomination notes undertaken by PM Modi and the NDA government has indeed caused quite a stir. Add to this the cash withdrawal restrictions that were put in place and there has been hardly anyone in the country who remains untouched by the move. Not getting into the wisdom of the move, or lack thereof, one clear trend [...]

service-tax-in-restaurant-optional (1)

The Department of Consumer Affairs on Monday, January 2, 2017, issued a directive to states to instruct all hotels and restaurants to make payment of service charge ‘optional’ for customers. It also directed restaurant and hotel owners to prominently display the message within the premises. In a rather brazen rejoinder, the National Restaurant Association of India (NRAI) issued a statement saying that customers were free “not to eat” in a restaurant that levied a service [...]


Ever since the government of India undertook its demonetisation drive, withdrawing old Rs 500 and Rs 1000 notes from the system and placing restrictions on withdrawal of cash, people from across the country have been turning towards digital payments as the only viable alternative. From plastic money to instant bank transfers and from digital wallets to account-linked transactions, the country is exploring newer ways to go cashless. Digital wallets, also popularly known as mobile wallets [...]


As the year draws to a close, all eyes are on 2017 now with hope for a better year than what 2016, and especially the last two months of 2016, presented. After making the historic announcement on demonetisation, Prime Minister Narendra Modi had asked for 50 days for things to improve and 31st December was announced as the last day for the public to deposit their demonetised currency in the bank. That deadline has now [...]

Sanpdeal's 'Cash@home'

On November 8, 2016, Prime Minister Narendra Modi made an unexpected announcement. The Indian government decided to withdraw all INR 500 and INR 1000 notes as legal tender and replace them with new INR 500 and INR 2000 notes. The move intended to flush out all the black money in the country, which, according to the government, was being held in high denomination currency. Much has been said about the rather drastic move since then. [...]


It took more than 150 years for the Indian economy to get past its former ruler, Great Britain and it is reason enough to celebrate. As per IMF prediction, India was to emerge as the 5th largest economy by 2020 but UK’s decision to BREXIT has resulted in the British Pound devaluing and thus India now stands 5th in global rankings after the US, China, Japan and Germany. Several studies have predicted that if India [...]