A Year Of Demonetisation, Dollar And Debt Mutual Funds

A Year Of Demonetisation, Dollar And Debt Mutual Funds
Post-demonetisation cash crunch led many brokerages to trim GDP forecasts for the current fiscal year.

In the realm of finance, demonetisation dominated the headlines this year with the government on November 8 announcing on November 8 the move to ban Rs 500 and Rs 1,000 notes. The following cash crunch led many brokerages to trim the GDP forecasts for the current financial year.

Demonetisation pain: The restrictions on withdrawal of cash from banks and ATMs are likely to continue beyond December 30 as currency printing presses and the Reserve Bank of India have not been able to keep pace with the demand of new currency notes.

Lower interest rates
Rate cuts on small savings schemes
PF rate at 4-year low
New form for claiming deductions
More tax relief for first-time home owners
Marginal tax relief
The year of dollar
Rupee under pressure68.87/dollar
No cheer for stock market investorsNew law to tackle benami transactions
New rate regime for banksDebt fund shine
Pain at the pump
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