At his nondescript office in Pune's Kothrud area, Anil Bokil was having his late lunch munching a few biscuits while awaiting yet another round of hot tea coming from a neighbourhood tea-stall. The man behind ArthaKranti Pratisthan, a Latur based organisation working towards a better India, is still grounded even after Prime Minister, Narendra Modi has heard him a number of times on his proposal towards scrapping high denomination notes before announcing his government's decision using live television on November 8 night. People in the knowhow believe Bokil's ideas on 'demonetisation' had an impact on the PM leading to scrapping of ₹1000 and ₹500 notes. Yes, in his late fifties, the man admits of his spells of discussions with Modi since 2013 on this subject. While exclusively interacting with Arshad Hippargi on a Saturday afternoon, Bokil does not own the term 'demontisation,' but calls it 'compression of currencies.
Where does India head from here, post demonetisation?
I would not draw any perception or will not speculate about the future, but certainly it is going to be a smooth change. At large, people are responding positively on the move. Because of its young population India has enormous scope for progress and will basically move in that direction.
You had also suggested to the PM to scrap ₹100 denomination notes. Don’t you think it would have created more chaos had it been implemented?
Esta historia es de la edición Dalal Street Investment Journal Vol 31 Issue no 26 , November 28, 2016 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición Dalal Street Investment Journal Vol 31 Issue no 26 , November 28, 2016 de Dalal Street Investment Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
How To Invest In An Ageing Bull Market
Bull rallies (periods when stock prices rise) and bear declines (periods when stock prices fall) are natural parts of stock market cycles, but they don't follow a fixed timeline.
Should You Entrust All Your Money To A Single AMC?
If you are a market participant, you have probably heard the quote 'don't put all your eggs in one basket', which suggests diversification. Investors often focus on diversifying across categories like large-cap, mid-cap and small-cap, but they may unintentionally overlook diversification across different AMCs. The question arises: is AMC-wise diversification really necessary? Rakesh Deshmukh takes a closer look at this scenario
Wild Swings Engulf Global Equities
U.S. stock markets experienced significant volatility. An early-week rally pushed the markets to new highs, but this momentum faded, primarily due to weaknesses in the tech sector. The major indices had a mixed finish with, S&P 500 and Nasdaq closed lower, while the Dow recorded a notable gain.
U.S. Elections and China's Economy Hamper Commodities
Commodity markets experienced selling pressure in the last fortnight, driven by uncertainties surrounding the upcoming U.S. presidential elections, concerns about the Chinese economy, and increased agricultural production in Brazil.
Wealth Building For Retirement Through Mutual Funds
Retirement is one of the most crucial and lifechanging phases. It marks a period where maintaining your lifestyle becomes paramount even though your regular income stops.
Mastering Investment with Information Ratio
Information Ratio helps in navigating the complexities of the investment landscape by assessing an active fund manager's performance. And though it has its limitations, it remains an essential part of the finance industry. The article explains what Information Ratio is and how investors can use it as another tool
Plan To Be Financially Independent
Each of us aspires to be financially independent as it ensures having enough resources to be self-sufficient and control our finances.
❝Technology is the new game-changer"
With a new breed of young investors entering the financial markets, it is the use of technology that is increasingly playing a major role in how investments are done and tracked. Anand Radhakrishnan, Managing Director, Sundaram Mutual Fund, shares his opinion about how this factor is turning into a significant tool and how it will shape the strategies of his company
What If Donald Trumps?
The potential election of Donald Trump as president in the U.S. carries significant implications for the Indian equity market. It could lead to changes in the global trade dynamics, in particular affecting the Indian IT sector while also raising inflation levels and leading to yet another revision in the visa programme for Indians who want to work in the US. The article takes a closer look at what may lie in store
Sectoral Gains Make A Mark
Benchmark indices continued their uptrend, reaching new record highs, although the pace has slowed as the broader markets faced selling pressures
