Rajesh Bhayani examines what SEBI's approval of diamond futures trading means for the diamond market players.
In the post-demonetisation phase, the govt's tax revenues have ended up soaring in November.
Much of the Q3 data will simply not be available for the CSO to factor in its calculation.
The contraction in November this year is the second biggest fall in the current financial year.
The customs duty from gold imports could be approximately Rs 8,000 crore, about less than half of what was collected a year ago.
The bigger worry is that its effects could linger well into the next financial year.
With cash -- the primary medium of exchange -- all but disappearing, it is now unlikely that the expected fillip to demand on account of a good monsoon and proceeds from the Seventh Pay Commission payout will materialise.
Sentiment very bullish for 2017; prices could touch all-time peak of $1,161 soon and may double from present levels by the end of the year. Rajesh Bhayani reports.
Months before 8/11, MP, Haryana probed note ban
'We asked them to withdraw these instructions immediately.
'We said, "If you don't withdraw, we are going to give a call that from tomorrow officers will totally boycott these instructions".'
The ripples from November 8 may be seen in next year's state budgets.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
The second fortnight of September saw Rs 3 lakh crore of time deposits, something unique, followed by liquidation of Rs 1.2 lakh crpre of these right after.
Some believe the shift to mobile-based transactions will be seamless considering that the urban tele-density is 148%. In rural areas, it is touching 51%. But smartphone penetration in India is a mere 12%. Growth of mobile money has been extremely slow: It is currently 1%.
The exchange, say sources, began mock trading from early October and around 250 Indian brokers have said they'd take membership of the international exchange.
Much depends on how the liquidity situation evolves over the coming months, with greater clarity expected from the next monetary policy meeting scheduled for December 7.
The minister asked jewellers not to recover transaction charges for use of debit or credit cards from customers.
Lens on rural transactions. Only 38% of branches of scheduled commercial banks (SCBs) are in rural areas
Real reason for crashing gold prices is not Trump victory, says expert.
The study says the entire supply chain of goods and services will suffer a massive liquidity shock.
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