NEW NORMAL

 Rs. 20000 has been on the verge of extinction, on 19/5/2023 RBI announced for same with one rider final call to end legal tender will be decided after 30-09-2023. Till then it is legal tender for any transaction. The different theories and story has been presented and it will go on till its logical end. The economy is well poised to expand and the final shock due to this is very less or negligible. The world saw our economy to convert in digital  mode in very short span of time. The daily transaction by digital mode is more than 60 Billion which is far more than entire transaction done by both US and Euro zone countries. The quantum in value term is more than 50%  of total amount. The many issues due to this had been solved, which is in public domain which we are not going to discuss here. The theory, rates for borrowing will reduce as money will get deposited in banks stands half true as exchange is allowed but now hoarding or cash stashing will reduce. The money is hoa...

 The proposal for investment is coming to our country. From Hyundai & Cisco to Apple, the list is long with marquee names are in it. The growth of manufacturing in our country is increasing. The semiconductor and fab sector PLI is just round the corner. Once it gets notified the self dependence will be just matter of time in many sectors not only in electronics. Recently, Apple made clear that they increase the production with complete development of ecosystem and it is for both domestic and export market. As system is now friendly as compared to past with increased transparency and simple to comply is increasing the confidence of investor either global or local. The digitalization of system or faceless system is boon for all of us due to which daily life is becoming easier and less cumbersome. We know that the system is just facilitator but in our country it used to be MAI BAAP, everywhere we had to face obstacles for small things, which is changing with attitude and mind set....

 New financial year started with big bang, all major indicators reaching or crossing its high.. The impact of all these is adding wealth of country. These figures are nothing but making world to acknowledge our progress. The continuity of reforms and new editions of reforms are adding the impact. The social impact of these is huge. The mindset of nation is changing with local government slowly and steadily aligning itself with center so the city and rural  authority.  Work in progress, that world is recognizing except the rating agencies. It is strange that when they advice their client for investment or on any other issues they give their feedback with highest recommendation, means best place to do business is INDIA. All major rating agencies from globe has stuck to their old rating ignoring the work done by us in last one decade. The major advantage we have is stable and listening government, other micro and macro indicators are stable or in positive territories for lon...

 A small but impactful news, the development of Nano DAP. It is very impactful due to developed at our own company and need for import of same will be reduced and after some time will stop altogether. This liquid fertilizer will not only reduce cost for farmers and the government but also reduce cost of logistics along with cost of handling it. A few year back we developed similar product namely liquid Urea, the innovation gives not only a confidence to our scientist but also every ordinary citizens. The main impact is confidence which will make us self sufficient or dependent with complete development of  eco system for research. The other sector other than fertilizer will also benefit altogether. A conducive atmosphere is being created and will be nurtured for future as it will reduce many issue which are resource guzzlers and import dependent. The  solutions for our problems are getting a Desi solutions which is more impactful than imported one. The huge population ne...

 Recently, a piece of news came in which PE giant's global CEO was being quoted for state of our economy. A small journey from Faridabad to Alwar by new expressway had a wonderful experience with pleasant surprise that most of individual truck owners are plying their vehicle from the expressway. It is said that plying in the expressway is costly due to high toll cost. Similarly a small trip to nearby township happened around same time with pleasant surprise that all heavy duty trucks are not in the road but they are plying through the expressway. The above things point out that we are developing ourselves for new world to develop the each aspect of life to reap maximum benefit and create wealth for all.  It is being  recognized that our planning and execution is matching the needs of today with future requirement kept in mind also. The flow of money from world is coming to our country not due to only huge market but continued reforms and transparency. The predictability o...

 So, the figures for last financial year is coming out. These figures are showing the resilience in our economy with prosperous future. The figures for Income Tax including revised one and GST collection for complete year is itself saying. The other important indicators for economy is fiscal deficit, current account deficit, WPI, CPI, IIP, PMI are in same direction as above said constituents.  The expansion in economy is going to accelerate in coming days as this will be first year in Amrit Kaal full financial year which we mentioned earlier many time.  The total impact of full financial year is now felt by each one as we are country of celebration and joy. Now, it is added by reforms which are done as per requirement presently and for future needs. The Uttarakhand government declared itself revenue surplus state which was never the case in past, with enhanced tax compliance of citizen and business the above things are possible now. The welfare expenses along with asset f...

 The time is running very fast as lots of activity in the economy is going on. The data which is coming is not only very positive but it is itself a success story of our management of the crisis. Recently the RBI took the decision to pause temporarily the rate hike cycle as our economy still needs growth. All sectors have been opened up and expanding, and the recruitment or hiring of both white and blue collar is going on. Investment in real estate is crossing the previous benchmark along with the timely completion and delivery of existing projects to the final user. This is new to all of us as the industry used to take all stakeholders on the ride. The increasing transparency along with continuous reforms aided the fire of the economy. The urban and rural demand is increasing with marked improvement in earnings, which will increase in the coming days. The overall picture is such that the whole world is in trouble whereas we are expanding with the new benchmark, CAD and the fiscal ...