Editorial

November 2016 was about major events not just in India but even USA. On the evening of 8th November, Prime Minister Narendra Modi carried out a surgical strike on black money by eliminating old Rs 500 and Rs 1000 currency notes from circulation. While in USA, Republican Donald Trump defeated Democratic nominee Hillary Clinton to become the 45th President of USA. Demonetization was a bold and historic decision taken primarily to curb black money that was being used to fund terrorism. The black market which is mainly cash driven was badly affected. In addition, the shortage of lower denomination notes affected trade across different sectors of the economy. In this edition we will see what is black money, its sources and its effects on economy. We have also explained the impact of Demonetization on the stock market and various sectors.

Donald Trump’s America first policy and changes to the H-1B program could adversely affect Indian IT companies and other professionals. Trump is keen on reducing the outsourcing of jobs and giving priority to Americans, hence the decisions that he takes shall have an effect on our economy. In this edition we take a look at how Trumps presidency can affect India.

We also take a look at how the Union Budget is prepared and presented. Union Budget 2017 will be unique as it ends the 92 year old practice of separate railway budget. Lastly we take a look at advantages and disadvantages of investments in international mutual funds.