The demonetisation announcement may have affected a few films, but we released ‘Dear Zindagi’ a few weeks after demonetisation and the film did well at the box office.
Almost a year down the line, is Prime Minister Narendra Modi’s dream of making India a cashless or less-cash country becoming a reality?
The Reserve Bank also tightened its supervisory and enforcement frameworks by revising the prompt corrective action (PCA) framework and establishing an Enforcement Department.
Over 50 percent of employees and officers are yet to get their compensation for the extra work they did during the demonetisation period
A year ago, SMBs were reeling under demonetisation. However, a normal monsoon and with the hope of the RBI lowering interest rates, SMBs expect higher consumption and a rise in industrial production to weather the storm.
The event clearly pushed the economy towards a higher degree of digitisation and financial inclusion. Accordingly, the digital finance sector seems to have gotten a push, while over the longer term financial services should be the biggest gainer.