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5 major events that shaped
2016 Time flies! As we bid farewell to 2016, let us have a look at the 5 major events that affected people across the world.
1) Brexit It was one
of the first shocking events in the year. Contrary to many exit polls, Britishers voted to leave the European Union on 23rd June, 2016. That set the tone for a lot of market upheaval and government shakeups. The country is still discussing the details of its exit with major European leaders. Most experts agree that the decision could have a negative impact.
2) Demonetisation The next shock
came closer from home. In a surprise move, Prime Minister Narendra Modi decided to demonetise all 500 and 1,000-rupee notes with immediate effect on 8th November. The effects of the drastic measure, meant to scoop out black money from the system, can still be felt throughout the country over a month after.
3) US Elections While India
battled with demonetisation, the results of the US election results were announced. Again, exit polls were proved wrong when Donald Trump won with 304 electoral votes. The newly elected President will take charge from the 20th of January, 2017.
4) Indian economy surpasses Britain
economy Amidst all the shock and confusion, there came good news for the Indian economy. India surpassed the UK to become the 6th largest economy in the world in terms of Gross Domestic Product (GDP).
5) Goods and Service Tax
(GST) Some more good news—the Goods and Services Tax (GST) was finally approved in both the houses of the Parliament. GST, touted to be one of the biggest tax reforms, has been in the works for years. It will replace the numerous indirect taxes levied by the central and state governments.
Disclaimer: Kotak Securities Limited. Registered
Office: 27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051. CIN: U99999MH1994PLC134051, Telephone No.: +22 43360000, Fax No.: +22 67132430. Website: www.kotak.com / www.kotaksecurities.com. Correspondence Address: Infinity IT Park, Bldg. No 21, Opp. Film City Road, A K Vaidya Marg, Malad (East), Mumbai 400097. Telephone No: 42856825. SEBI Registration No: NSE INB/INF/INE 230808130, BSE INB 010808153/INF 011133230, MSEI INE 260808130/INB 260808135/INF 260808135, AMFI ARN 0164, PMS INP000000258 and Research Analyst INH000000586. NSDL/CDSL: IN-DP-NSDL-23-97. Compliance Officer Details: Mr. Manoj Agarwal. Call: 022 - 4285 6825, or Email: firstname.lastname@example.org. In case you require any clarification or have any concern, kindly write to us at below email ids: • Level 1: For Trading related queries, contact our customer service at ‘email@example.com’ and for demat account related queries contact us at firstname.lastname@example.org or call us on: 30305757 (by using your city STD code as a prefix) or Toll free numbers 18002099191 / 1800222299 and 18002099292. • Level 2: If you do not receive a satisfactory response at Level 1 within 3 working days, you may write to us at email@example.com or call us on 022-42858445 and if you feel you are still unheard, write to our customer service HOD at firstname.lastname@example.org or call us on 022-42858208. • Level 3: If you still have not received a satisfactory response at Level 2 within 3 working days, you may contact our Compliance Officer (Name: Manoj Agarwal) at email@example.com or call on 91- (022) 4285 8484. • Level 4: If you have not received a satisfactory response at Level 3 within 7 working days, you may also approach CEO (Mr. Kamlesh Rao) at firstname.lastname@example.org or call on 91-(022) 4285 8301. This is an editorial content, our research should not be considered as an advertisement or advice, professional or otherwise. The investor is requested to take into consideration all the risk factors including their financial condition, suitability to risk return profile, and the like and take professional advice before investing.
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