Tuesday, November 8, 2016

America is counting vote and India is counting note

Modi government bold step delivered which put India on world map. India Government shun all 500 and 1000 currency denomination notes from Midnight, November 8, 2016. It's sweet coincidence that today I do not have a single paisa in my purse. I put all cash available with my wife for some reason at 7:30 PM.

Trying to imagine how life will change to India...some food for thought

Many Indian house wife traditionally use to save money unnoticed to anybody. What will happen to those use to ask for "hariali" (code word to ask for bribery). Real estate sector would change it's vocabulary black and white. Politics would be clean.

On share market front, I noticed paper industries were on uprise. No analyst were able to figure out the reasons. Now I got my answer.

This is crisis of short order, but credibility will be hold for India, Indian Government, and India economy.

1 comment:

  1. Hero Motocorp, Bharti Airtel, Dr Reddy's Labs, Infosys, HUL, Cipla, TCS and Reliance Industries gained 1-2 percent. Bajaj Auto, Axis Bank, HDFC, Indiabulls Real, UPL and HPCL were under pressure in early trade. Commodity tips

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