No fake currency in circulation post note-ban:

 Bokil Anil Bokil, founder of Pune-based think tank ArthaKranti, who was part of the team that claims to have suggested demonetisation to the government today said "no fake currency is in circulation in the system" after the note ban. | Anil Bokil, founder of Pune-based think tank ArthaKranti, who was part of the team that claims to have suggested demonetisation to the government today said "no fake currency is in circulation in the system" after the note ban. "The whole thing is now transparent. One more serious thing is that there is no consideration of fake currency. Another thing what banks have received is white money. So the whole purpose for the exercise is yet to be ascertained and some time is required to examine and after that only we can say,"

Bokil said in an interactive session organised by Junior Chamber International (JCI) here. During his presentation he suggested that there should not be any note with denomination higher than Rs 50. He said the main reason for banning currency notes with high value denomination is that the notes were not serving the intended purpose but had turned into a hoardable commodity. "There are three main reasons for note ban. One is the currency note has not become medium. Second is the currency notes are not sustainable and the third is it has become source for counterfeit notes," he said. He further said that in cash transactions, there is no trail and it is unaccountable whereas in digital payments are transparent and traceable

Read more for Indian Stock Tips -http://bit.ly/ace_services

Currency demonetisation decision lies with govt:

 RBI Amidst demand by Yoga guru Ramdev of banning currency notes of Rs 500 and Rs 1,000, the Reserve Bank today said the decision to demonetise a currency is taken by the government not the regulator. Amidst demand by Yoga guru Ramdev of banning currency notes of Rs 500 and Rs 1,000, the Reserve Bank today said the decision to demonetise a currency is taken by the government not the regulator. "These decisions (of banning Rs 500 and Rs 1,000 notes) are taken by the government and not the RBI. 

The central bank only prints currency notes, denominations are decided by the government," Reserve Bank Deputy Governor K C Chakrabarty said here, to a query over Baba Ramdev''s demand on discontinuation of high value currency notes. He was talking to reporters on the sidelines of a programme organised by International Management Institute. Ramdev, who is on an indefinite fast against corruption and black money, is demanding that the government should ban currency notes of Rs 500 and Rs 1,000 denominations to check corruption. However, experts believe that it would not be an easy task for the government to take out Rs 500 and Rs 1,000 notes from circulation.

Read more for HNI Stock Tips- http://bit.ly/ace_services

 The IMF has said India's demonetisation would have limited impact on Nepal

 As it projected a 5.5 percent growth rate for the Himalayan country in the current fiscal year. "India's sudden withdrawal of high-denomination banknotes is expected to have a limited impact on activity overall; bank holdings of Indian rupee currency are small but some corporates and households who hold such notes have seen their purchasing power affected," the International Monetary Fund (IMF) said in its annual report on Nepal. "The main risk to the outlook pertains to failure of capital budget implementation to improve," the IMF said, noting that Nepal's economy is rebounding after a slowdown caused by the 2015 earthquakes and trade disruptions, supported by the government's reform efforts. Stating that IMF expects growth will reach 5.5 percent in fiscal 2016-2017, IMF said strong policies are needed to enhance confidence amid ongoing political uncertainty, and to meet the authorities long-term goal of becoming a middle-income country by 2030.

 A IMF team, led by Geert Almekinders, visited Nepal from January 11-23, to hold discussions. The team met Deputy Prime Minister and Minister of Finance Krishna Bahadur Mahara, Central Bank Governor Chiranjibi Nepal, and other high-level government officials. The team also met with representatives of the private sector, labour unions, and the donor community. "Nepal's economy is rebounding following a slowdown caused by the 2015 earthquakes and trade disruptions, supported by the government's efforts to revitalise the reform agenda. The key challenge now is to put policies in place that will extend the cyclical recovery into a sustained period of high and inclusive growth," Almekinders said. According to him, the normalisation of economic activity is being supported by a good monsoon, accommodative monetary policy and rising government spending. 

"The normalisation of prices in the aftermath of last year's trade disruption is pushing down inflation which is expected to undershoot the authorities' mid-2017 inflation target of 7.5 percent," he added. The IMF said maintaining competitiveness and external balance will require closing the inflation wedge with India on a sustained basis through a tightening of monetary policy, facilitated by a strengthening of the monetary policy framework. "Efforts are also needed to narrow the gap in productivity growth with India and other trading partners and to improve the business environment," he said.

Read more for Indian Stock Tips- http://bit.ly/ace_services

Budget 2017: Health insurers seek tax incentives to boost 

Penetration Health insurance providers feel tax incentives to salaried class on purchase of health insurance should be raised.  exemption of service tax on health insurance premiums and preventive health check-ups can prompt more people to buy health cover.  Health insurance providers are expecting the Finance Minister Arun Jaitley to announce several measures to improve penetration and widen popularity of health covers. "Insurance, as of today, is treated as a compulsion and not as an essential component. The thought needs to be re-classified. The government can do much in changing this perception and help increase the insurance penetration in India," says M Ravichandran, President-Insurance at Tata AIG General Insurance Company. Ravichandran feels the tax incentives to salaried class for health insurance should be increased. 

More can be done for the salaried class. Currently, if one purchases a health insurance policy for self/spouse/children, the insured can claim a tax deduction of up to Rs 25,000. When one purchases a health insurance policy for parents (a senior citizen), the person is eligible for an additional tax deduction benefit up to Rs 30,000. Given the rising cost on medical expenditures, it would be even more beneficial if they could provide further tax benefits under Section 80D of the Income Tax Act," he said. Sandeep Patel, MD & CEO at Cigna TTK Health Insurance, calls for tax exemption on health covers. "As health insurance is still not adopted as a necessity for one’s self and family, there is an impending need for further tax exemption. There is an urgent need to provide an incentive for individual and family to build a safety net in the virtual absence of a government-backed social security system and rising health care costs in the country.

 Exemption of service tax on term products for life and health insurance premiums and preventive health check-ups can help achieve the purpose to a large extent,” Patel said. Insurers feel the rising healthcare costs require a greater awareness towards health insurance protection. "Rising health care costs has made it very difficult for the general public to have an access to quality health care services," says Tapan Singhel, MD & CEO of Bajaj Allianz General Insurance Co. Singhel feels Finance Minister Jaitley should consider mandatory health cover for all employees. "The government should make it mandatory for employers, both in the organised and unorganised sectors to provide health cover to all their employees. Currently, we have an Employee’s State Insurance scheme modelled for the organised sector. However it remains limited to a certain segment of employees," Singhel says. He feels a national health scheme by the government in line with the Pradhan Mantri Suraksha Bima Yojana (PMSBY) especially for those from the underprivileged sections of the society would ensure that a sizeable population is covered against unforeseen medical exigencies.

Read more for Best Stock Tips- http://bit.ly/ace_services

Oil firms after producer meeting, but high US output weighs

 OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices. Oil firms after producer meeting, but high US output weighs Oil edged up on statements over the weekend from OPEC and other producers that they have been successfully implementing output cuts, but gains were limited by a surge in US drilling. OPEC and non-OPEC countries have made a strong start to lowering their oil output under the first such pact in more than a decade, energy ministers said on Sunday as producers look to reduce oversupply and support prices.

 Ministers said 1.5 million of almost 1.8 million barrels per day (bpd) had already been taken out of the market. "It is the weaker dollar to start the week and comments over the weekend from OPEC and non-OPEC producer that compliance has been very good, giving a bit of boost to oil prices," said Jeffrey Halley, senior market analyst at OANDA brokerage in Singapore. "Oil is trading in a range. In the medium term it is going to be tough for oil to break out. The more oil goes up, the more these shale drillers are going to hedge by the futures." Brent crude, the international benchmark for oil prices, was trading at USD55.55 per barrel at 0215 GMT, up 6 cents from its last close. US West Texas Intermediate (WTI) crude futures were up 5 cents at USD53.27 a barrel.

 US energy companies last week added the most rigs drilling for new production in almost four years. Drillers added 29 rigs in the week to January 20, bringing the total count up to 551, the most since November 2015, energy services firm Baker Hughes said on Friday. US oil production has risen over 6 percent since mid-2016, although it remains 7 percent below historic high in 2015. It is back to levels of late 2014, when high US crude output contributed to a crash in oil prices. On the technical front, Brent may climb up to USD56.55 per barrel, as it has cleared resistance at USD55.43, according to Wang Tao, Reuters analyst for commodities and energy technicals. Hedge funds rushed to place bullish wagers on US crude oil last week, data showed on Friday. The US dollar fell against the euro and yen on Tuesday after a drop in oil prices suggested US inflation would stay low and prevent the Federal Reserve from hiking interest rates at a steady pace this year, while risk aversion also boosted the euro and yen. A weaker dollar makes the greenback-priced commodities cheaper for importer holding other currencies 

Read more for Indian Stock Tips- http://bit.ly/ace_services

Trump may weigh on stocks but earnings may surprise: 

However, there are two reasons why Indian markets could do well: the economy could bounce back from demonetisation- induced slowdown and the Budget and GST  rollout may be positive triggers, says Arvind Sanger, Managing Partner, Geosphere Capital Management. Founder & Managing Partner, Geosphere Capital Management | Capital Expertise: Equity - Fundamental Error loading player: No playable sources found New US President Donald Trump's inaugural speech was no different from candidate 

Trump's rhetoric, centering around the promise of making every decision on trade, taxes, immigration and foreign trade with "America first" being the priority. Trump's statements could mean emerging markets could stay rangebound till the President articulates his policies more clearly, says Arvind Sanger, Managing Partner, Geosphere Capital Management that should Trump indulge in protectionism and impose trade barriers, the move should be "disruptive". "Emerging economies that are trade dependent could see some slowdown and India IT firms. They are already facing technological challenges and could see more headwinds," says Sanger. Lewis 

Alexander of Nomura says that Trump's perceived hard line on immigration may not be such a "straight line" after all, but did not rule out the possibility of a trade war among countries on his watch. "[However] there is currently too much optimism about the US economy, so one will have wait for a month to see how things pan out," he said. Talking about earnings in India, Sanger says numbers have not been as disappointing as expected but have been mixed with a positive bias. "Q3 earnings haven't seen the full impact of demonetisation." However, there are two reasons why Indian markets could do well: the economy could bounce back from demonetisation induced slowdown and the Budget and GST rollout may be positive triggers, Sanger added 

 Read more for Best Stock Tips- http://bit.ly/ace_services

Sebi freezes bank, demat accounts of Bharatiya Real Estate

 The order comes after the company and its directors failed to comply with Sebi's direction of making refund to investors. Sebi freezes bank, demat accounts of Bharatiya Real Estate Coming down heavily in investor refund case involving a little over Rs 99 lakh, regulator Sebi has ordered freezing of bank and demat accounts of Bharatiya Real Estate Development and its directors. The order comes after the company and its directors failed to comply with Sebi's direction of making refund to investors. The firm had raised Rs 99.06 lakh by issuing 'Redeemable Preference Shares' to investors without complying with the public issue norms under the Companies Act.

 Following this, in an attachment order dated January 19, Sebi ordered freezing of bank accounts of Bharatiya Real Estate Development and its five directors -- Soumen Majumder, Pankaj Upadhyay, Sekh Abdul Ajim, Subhas Koley and Tarunkumar Das. Similarly, Sebi has ordered depositories - NSDL and CDSL - to attach all demat accounts of the defaulters. The markets watchdog told banks and depositories that there was "sufficient reason" to believe that the defaulter may dispose of the amount or securities and "realisation of amount due under the certificate would in consequence be delayed or obstructed". In January 2016, Sebi had directed Bharatiya Real Estate Development and its directors to refund the money it had illegally raised by issuing redeemable preference shares. They had been directed to refund the money raised through RPS along with an interest of 15 percent per annum 

Read more for Indian Stock Tips-http://bit.ly/ace_services