Abruptly withdrawing more than 80 percent of the cash in circulation in India, Modi appears today a very different kind of revolutionary: the type that emerged in many non-Western countries in the previous century.
The poor quality and reliability of agent networks in India remains the Achilles' heel of the country's remarkable quest for financial inclusion - and the biggest challenge for payments banks.
As fear plays havoc with sentiment in the Indian context, the Nifty has retraced from 8968 to 7920 in just two months.
The demonetization of India's existing stock of 500 and 1,000 rupee notes has spawned a number of such apocryphal tales, one of which is a $45 billion bonanza for the government.
Many asset classes suffered collateral losses last week as huge gyrations were reflected globally on equities, bonds, currencies and commodities as Donald Trump was elected President of the US.
The new council of central and state finance ministers empowered to administer the tax has decided on a GST with four levels and numerous exemptions.
If the position in question is chairman of Tata Group, there might be three figures - $40 billion; 2020; and 250 basis points.
Saudi oil minister Khalid Al-Falih said at last week's Oil & Money conference in London, if OPEC had cut output in November 2014 to support prices, it would have had to do so again in 2015 and 2016.
India's richest tycoon is also the country's most optimistic spender. Every project into which Ambani is pumping money is close to fruition, meaning he could sit back and savor the rewards.
The first hint that the end was near came when TCS announced a virtual stalling of its business in the September quarter. Infosys followed up by slashing its full-year revenue guidance for the second time in three months.
The world's biggest carmaker is a bit player in a country that's forecast to become the third-biggest auto market by 2020.
Quarterly results of most heavy-weight Nifty companies have been disappointing, which means there's no scope of re-rating in most Nifty stocks. The Nifty at 8,200 is priced around 18-19 times FY17 estimated price earnings and needs to correct to factor lower earnings of individual components.
Reserve Bank of India Governor Raghuram Rajan put the cat amongst the pigeons by cutting the repo lending rates by 50 basis points. This saw the Nifty recover intraday from a low of 7,691 to a high of 7,882 - almost 200 points.
It is that time of the year again when most of us have to file our income tax returns. While doing so, we should keep in mind that loss from a source of income can be helpful in maximizing tax benefits. Income tax laws in India allow the adjustment of losses (set-off) from income either in the same financial year or in the subsequent financial years. Let's see how this works.
Come July and most of us are busy with filing our individual tax returns. Things have been different this year though. The income tax return (ITR) forms were initially notified in April 2015 and the forms had considerable addition to the reporting requirements like details of foreign travel and all Indian bank accounts along with closing balances.
The Nifty has corrected almost 12 per cent from the early March top of 9,119. The market correction was always on the cards as the rally was driven by foreign flows, particularly exchange traded funds.
There is a need to do a more objective diagnosis of why investments are just not working out, writes MK Venu.
The Union Cabinet has cleared the Real Estate Regulatory bill, albeit a somewhat watered down version of the initial bill proposed in 2013. Next, it will be tabled in Parliament.
Wealth tax is a levy of tax on the net wealth including foreign assets and liabilities.
The week ahead should see foreign flows chase domestic equities following the presentation of the Union Budget and a surprise rate cut by Reserve Bank Governor Raghuram Rajan, writes Sanjeev Bhasin