DSIJ Mindshare

Finally GST is IN, markets may consolidate

'Good' monsoon and a set of new laws to finally introduce a unified tax regime across the nation are finally in amid much cheer from the individual investors and the stock-markets in India. Markets too have been responding well to the tune of these two major developments while Raghuram Rajan-led Reserve Bank of India (RBI) has now come up with flexible norms allowing enthused ones to make foray into the business of banking and transactions. Rajan's latest announcement emphasising on the concept of on-tap banking has also received much appreciations from the trade and industry. This reform in fact, enables even an individual to file an application with the apex bank to start a full-service bank. I am sure this will aspire some of the major NBFCs also to get into the business of full-service banks, no more a privilege only for the major corporate houses. A good enough move, Governor, I must say, that too just a month before your scheduled departure from the coveted post. 

In this edition of your favourite investment fortnightly, we have featured 12 CFOs from as many companies letting them to talk about happenings within their organisations, markets and industries. They are in fact the new-age CEOs, I believe strongly, leading the companies from forefront and also coping up with the heat taking it on stride as and when such situations arise. This is an attempt to apprise our reader-investors to know more about the finance brains in the companies and how they manage things while taking their companies to a new height everytime. Meanwhile our editorial-research team also has worked exhaustively on the balance-sheets of the Oil Marketing Companies (OMCs) in the country as most of them have achieved their all-time highs on the stock markets during the month of July. So how these companies are going to go ahead from this juncture considering crude price is not going to jump very sharply from here during medium to long-term. The report ends with recommendations for our reader-investors.

Now with all the GST talks around, I think the markets have already somewhat discounted and well-prepared to embrace the new laws which will impact some of the sectors with immediate basis. Our research team believes transport and logistics, cement, consumer staples, media and automobile sectors to benefit immensely from the new set of laws, just awaiting to be formally introduced at the time of printing this edition of DSIJ. You can refer to our earlier edition also for having a ready reference to GST and its impact and invest accordingly.

Amid lot of political activities taking place in the power corridors in our national capital at this moment, the economic picture of the country looks stable and if no much overseas provocations arise all of a sudden, post-GST, stock markets will go for consolidation. Have a profitable time ahead on the wake of all these developments. 

Enjoy reading your DSIJ and let me remind you, while on move you can access not only the magazine but also some of our top products through DSIJ app, now open to be downloaded both from the IOS and Android platforms. 

Write me back and share your thoughts on how we can serve you better, smarter in the coming days considering life is changing fast along with every passing day.

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