As India holds 11.8 per cent of its economy in cash, the cash-driven consumption story has come to an abrupt halt. The market is expecting six months of recession and slow recovery by the end of 2017.
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“The judgment of the honorable Supreme Court (SC) would have far reaching effects, as it endorses states’ right to levy entry tax on goods from other states. It will have a significant impact on the ongoing dispute(s) between the ecommerce industry and the states…”
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If President Trump continues to take a hard line on immigration after being sworn-in; then that could have a negative impact on Indian software professionals who have dominated the Silicon Valley.
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From founders to COOs and VPs of Flipkart, Snapdeal, OYO Rooms to Olacabs, the overall view was resounding positivity for demonetisation as it has jump started the cashless, digital economy. A high incidence of meetings with investors following the demonetisation announcement was observed. The ShopClues cofounder believes the negative effects of demonetisation will lessen in about sixty days. Read on for more.
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“The RBI is like God. They will tell you what to do but won’t tell you how to do it. Banks are like the mere mortals who will interpret the commands as they see and will sometimes make mistakes in carrying out the orders.”
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Not much, anymore. And with landing jobs abroad becoming difficult, such degrees only mean bigger loans and heftier EMIs
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The Narendra Modi-led government's decision to scrap Rs 500 and Rs 1,000 currency notes was taken to create a corruption-free India
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Donald J Trump, the wild card entry went all the way to become the 45th U.S. President. According to Reuters, Donald Trump's victory in the U.S. election has shocked various industries especially those dependent on open trade for airlines, cars and IT services outsourcing.
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