Liquidity conditions remain in surplus mode even as its magnitude moderated gradually with progressive remonetisation
The liquidity conditions remained in surplus mode even as its magnitude moderated gradually with progressive remonetisation
According to Japanese financial services major Nomura's Composite Leading Index (CLI), some growth consolidation is likely in the Q4 (October-December), followed by a sharp recovery in Q1 (January-March) 2018 due to ongoing remonetisation
and improving global demand.
But it was important to ensure faster remonetisation
and replacement of currency of value that you're taking out of the system.
As a result of the entire process of demonetisation and remonetisation
, the cost of printing new currency notes has gone up by a whopping 133 per cent in the last one year.
He said people welcomed demonetisation or remonetisation
because they realised temporary pain will bring them long term gain.
As GST-driven distortions fade, expectations are set on festive-driven demand, a good monsoon, remonetisation
and higher disposable income following an increase in wages or allowances, to provide support to the production outlook, the bank said.
Though underlying concerns about GST and other transparency measures continue, predictably, positive sentiment returned with continued remonetisation
and an expectation of a good monsoon, he said.
From January onwards, the pace of remonetisation
Jewellery demand is still in the doldrums, although there are signs of improvement, especially from India where the gradual remonetisation
of the economy is supporting the jewellery market, Hewitt said.
Increased export revenues, increased tax compliance, and the remonetisation
of the economy indeed led many observers to believe that this was in fact going to occur.
4 trillion had been expunged as legal tender and remonetisation
would take time.