Niveshak December 2016

Monday, January 9, 2017 , Posted by Team Niveshak at Monday, January 09, 2017

Dear Niveshak,

Happy New Year!

The last month was mainly abuzz by the effects of demonetization seen by the Indian public. Owing to the deadline of 30th December to exchange old currency notes, the banks and ATMs across the country continued to see long queues of people. The limitations on the withdrawal from the ATMs and Bank accounts were removed post December 30.

RBI also came up with its credit policy for the year and rendered most of the key rates unchanged at 6.25%, while the CRR restrictions imposed on deposits worth Rs.3.2 lakh crore were called off from December 10. The month also saw some other interesting news like the introduction of Interest Rate Option by RBI, the fall in India’s Forex reserves for quarter ending September 2016, and the jumps in Sensex and Nifty50 as 2016 came to a close.

On the magazine front, we have covered Tata Motors for our Equity Research report. Our cover story talks about the economic blockade in the north-eastern states of Manipur & Nagaland. It tries to dig a bit into the history of the issues and how the ongoing unrest is having a financial impact as well. The article of the month talks about Abenomics in Japan and its success factors. The author has thrown light on the concept, while also trying to create a scorecard in terms of its success in various fields like economic development, labor market, etc. For FinGyaan, the author talks about how Payment banks are the future of Indian Financial System and the related pros and cons. In the FinSight section, the author has studied the possible impacts of the election of Donald Trump as the US president on various facets of global economy.

In the FinaFame section, we have looked at Dr. Manmohan Singh, the former Prime Minister of the country, as well as a well-known economist and politician. The Classroom section explains the concept of Open Interest, which essentially means the number of contracts or commitments outstanding in futures and options trading on an official exchange at any one time. For FinView, we
have brought the interview of Mr. Mitez Sheth, Global Head - Treasury & Operations at Amicorp Group and Board Member at Amicorp Community Foundation.

Finally, we would like to thank our readers for their immense support and encouragement. You remain our prime motivating factor that keeps our spirits high and gives us the vigor and vitality to keep working hard. We hope you had a great month and wish you the best for the new one.

Thank you. Stay invested!
Team Niveshak

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