We live only once

We save lot many things in our life many things of elite brands and display it in living room without knowing for what purpose it was purchased. Can you recall one day that you have used the same in your life.

As one of my friends has rightly pointed out in a WhatsApp message whom are you expecting to come to your house so dear to you calling your name to whom you take out your priceless things to be shared.

Whenever the children ask that today is their birthday or grandparents have come, we will use those branded bed sheets or plates etc then we will say why we will take it when some guests come. But can you ever recall a day when somebody has come and we have taken those branded things for use.

We live for tomorrow without living for today. We slog ourselves forgetting to think about ourselves and to be happy also. Daily we read hundreds of quotations but none of them make any impact to us so that we live for the present. We forget our obligations towards our parents which is the happiness of today instead we save for our children (without spending for the parents) who will for sure will be more informative than ourselves and go behind their happiness they understood from their peers.

Facts last forever unlike truths which nobody likes. We all know that we do not live a life which we wanted to. There is no charm with no interactions among the dear and near ones leading oneself to depression. We never understand that our surroundings are changing for the better or for the worse, future prove it. Mechanical we are …that a slightest change in the routine upsets everything.

As somebody said life is , how you design it. If you have choices choose the best and if don’t do the best. So take a decision to live for today, live the day in happiness and decide that today is the day that you were saving for. Forget everything, your illness, stress, strain etc and decide that you will choose the best and do the best to live this day with full of happiness…

There is nothing bigger than our life and live happily for we must believe that we live only once. 

Bank unions reject IBA's 8% wage hike offer

Unions have also rejected the proposal to introduce variable pay, which would be linked to return on assets and operating profit and would be part of the overall wage hike.

The Indian Banks' Association has raised its wage hike offer to 8% from 6% but failed to make bank employees unions happy.The unions have rejected the offer and threatened to go on strike on December 26.

"It is far below our expectation. We have urged upon them to improve their offer," said Rajen Nagar, president at All Indian Bank Employees Association.

Banks saddled with high level of non performing assets and successive quarterly losses would be looking to restrict the rise salaries and remunerations while unions are demanding at least 15% hike like they get under 10th bipartite settlement.

The wage revision by way of 11th bipartite settlement is due from November 1, 2017. Wage revision in public sector banks take place every five years.

Nine unions, under the banner of the United Forum of Bank Unions (UFBU), also demanded wage negotiation for bank employees under scale 1 to 7 while IBA's wage hike offer pertains to employees under scale 1 to 3. The bank lobby group favours bank wise wage settlement for senior employees of scale 4 and above.

Unions have also rejected the proposal to introduce variable pay, which would be linked to return on assets and operating profit and would be part of the overall wage hike.

The unions said the all India bank strike would also highlight their opposition against bank mergers.

(coutesy; economic times)  

IDEAS CHANGE DRIVEN BY PASSION

Driven by passion many many students are making entry into activities different from their graduation and post graduation qualifications.

We know that children select their line of studies by selecting the subject in which they score high, join colleges due to satisfy the interest of parents, my close friends are going to a particular college for a particular subject so I will also join there attitude etc.

Only very few students got the choice in the earlier decades to choose their interest. But now it is different. Academic qualification is only a base,  since in most of the cases the students or persons who follow their drives are least bothered about finance in the initial stages. They are always having at their background the academic qualifications which will help them to earn for livelihood when needed.

Here I feel , backed by drive of passion and one's own interest students can achieve success in their chosen activities. Support by way of finance, opportunities etc to be given at home, society and Government will definitely help the growth of the country.  Many innovative ideas which can change the life has to emerge.

Why the change is not comming in the majority? Only very few think different and act different for a change. a mighty fear is upon them. We are all victims of inferiority complex. We are afraid of being ourselves. we have to be proud of ourselves and there should be freedom from complexes and fear. Thinking in this line only brings changes in us which leads to innovative ideas beyond our academic qualifications.

The world still need a lot both material and spirituyal which are legitimate. The world is still entitled for better life , food, shelter, infrastructure for better comforts, happiness etc. So only new thinking and ideas can only change the world which can bring developments and thus the development of the country.

Ideas change driven by ones passion which will lead to new ideas and so on emerges a nation of strength and power.

Ego... without which life will be monotonous.

Ego is a coherent organisation of mental life, derived from the more primal structure,the Id, by modifications imposed on it by the external world.

Id is not very distinctively differentiated from Ego. It has two parts ...one is conscious and the other unconscious.

Instincts play a big role in Id and therefore perceptions too.

Three masters who need services of Ego are the three dangers: the external world,the libido of the Id and the severity of Super- ego. The driving power is produced by Id and and the Ego steers to reach the desired goal.

In a normal person there is no distinction between Id and Ego ,no inherent opposition too . When Ego takes control over Id an Ego-Id conflict is often the result. There will be some crippling of Ego. The warfare of Id and Ego is incessant,without it life will be monotonous. The components of behaviour will be more biologically expressed by evolution and integration.

Professor Jastrow has given us a logical and careful study in this regard. Id and Ego forms part of Freudian doctrines and one can conclude that without the warfare life will be boring and monotonous. 

Budding New TV Channels

TV channels must be able to reach the people by by going to them and must bring the truth to the public. Don't sensationalist and come out with mega serials which always create a negative energy in the minds of viewers and in the area too. 

TV channels must be the place for concrete and constructive discussions on political, social  economical educational areas which can improve the thought process and thereby can lead changes. 

Now a days it is painful to see certain discussions. The so called anchors leading the debate the way they want to and thereby satisfying the objectives of the management. Then in some channels it is like 🐠🐋🐟 vending in markets. Too many vendors calling upon very few buyers and thus confusing them. 

TV Channels must think about their approach to the society and must work for building a great country for which everything must start from the root level instead of flaring up and sensationalising trifle issues many a times. 

Let the channels utilise themselves by not allowing to propagate hate speech,  flare up issues etc and thus bring harmony in the society. It should be like that always. 

We can salute before the channels too for bringing out truth in certain issues to the public which had benefited them. 

Remembering 100 days after Floods in Kerala.

Kerala had suffered due to the greatest ever floods it has ever faced.It suffered loses which cannot be equalled in its history. Many people lost their lives,many their houses and dwelling places and through that their hard earned savings and many more including their confidence.

The Government machinery along with NGOs and volunteers from all sectors of life (the services of fishermen,army,navy,airforce and our police force to be seperately mentioned and remembered) helped to reduce the impact of the loss.

The initiatives by IAS Officers K Vasuki and T V Anupama made a big impact and must be remembered today.Many I AS Officers were also involved and went above duty during the floods.

Everyone ensured a safe,healthy epedimic free environment in their respective districts.

I take this opportunity to remember them through this.

Rebuilding Kerala which had fallen behind atleast by Ten years in certain sectors of development has to be brought back.But the unfortunate things happening in the State now must end.During floods Kerala saw the face of unity which was unseen even in our State before. Now also the same unity should continue.All sectors of the population must stand together for this God's Own Country which have in her the unique harmony, equality etc etc

Long live the unity and brotherhood in Kerala and thus rebuild a vibrant State.

Views on Share Market by Spandanangal

If we analyze the market we can understand that due to many domestic and international factors it is sluggish. The trade wars,, fall in value of rupee, oil prices, elections, sell off by institutions etc are some illustrative reasons only.  I feel that this sluggishness is for a big leap.
Many of the factors that are affecting the market negatively can or bound to improve later through negotiations etc
Small investors if they see the history one can understand that after every sluggish trend there was improvement and big leap in the market.
Only advice is that study the past before taking decision to invest in a particular shares. Market will definitely bounce back. One cannot prediction how much time it takes for recovery.
So be patient don't withdraw but invest hold it returns will come. Happy investing. 

Slow food,no rush...post from WhatsApp

This is worth a read for everyone who feels their lives are one big RUSH.
Stop and smell the roses....

"It's been 18 years since he joined  Volvo, a Swedish company. Working for them has proven to be an interesting experience. Any project here takes 2 years to be finalized, even if the idea is simple and brilliant. It's a rule."

Globalized processes have caused in us (all over the world) a general sense of searching for immediate  results. Therefore, we have come to possess a need to see immediate results. This contrasts greatly with the slow movements of the Swedish. They, on the other hand, debate, debate, debate, hold x quantity of meetings and work with a slowdown scheme. At the end, this always yields better results.

1. Sweden has 2 million inhabitants..
2. Stockholm has 500,000 people.
3. Volvo, Escania, Ericsson, Electrolux, are some of its renowned companies. Volvo even supplies NASA.

The first time hehe w in Sweden , one of his colleagues picked him up at the hotel every morning. It was September,bit cold and snowy. They would arrive early at the company and  would park far away from the entrance (2000 employees drive their car to work). The first day, he didn't say anything, neither the second or third days. One morning he asked him, "Do you have a fixed parking space? I've noticed we park far from the entrance even when there are no other cars in the lot." To which he replied, "Since we're here early we'll have time to walk, don't you think that whoever gets in late will need a place closer to the door?" Imagine his face.

Nowadays, there's a movement in Europe named Slow Food. This movement establishes that people should eat and drink slowly, with enough time to taste their food, spend time with the family, friends, without rushing. Slow Food is against its counterpart, Fast Food and what it stands for as a lifestyle. Slow Food is the basis for a bigger movement called Slow Europe, as mentioned by Business Week.

Basically, the movement questions the sense of "hurry" and "craziness" generated by globalization, fuelled by the desire of "having in quantity" (life status) versus "having with quality", "life quality" or the "quality of being".

French people, even though they work 35 hours per week, are more productive than Americans or British. Germans have established 28.8 hour workweeks and have seen their productivity driven up by 20%. This slow attitude has come to the notice of USA , the pupils of the fast and "do it now" brigade.

This no-rush attitude doesn't represent doing less or having a lower productivity. It means working and doing things with greater quality, productivity, perfection, with attention to detail and less stress.

It means re-establishing family values, friends, free and leisure time. Taking the "now", present and concrete, versus the "global", undefined and anonymous. It means taking humans' essential values, the simplicity of living. It stands for a less coercive work environment, more happy, lighter and more productive work place where humans enjoy doing what they know best how to do.

It's time to stop and think on how companies need to develop serious quality with no-rush that will increase productivity and the quality of products and services, without losing the essence.

In the movie, 'Scent of a Woman', there's a scene where Al Pacino asks a girl to dance and she replies, "I can't, my boyfriend will be here any minute now". To which Al Pacino responds, "A life is lived in an instant". Then they dance the tango!

Many of us live our lives running behind time, but we only reach it when we die of a heart attack or in a car accident rushing to be on time. Others are so anxious to live for the future that they forget to live the present, which is the only time that truly exists.

We all have equal time throughout the world. No one has more or less. The difference lies in how each one of us does with our time. We need to live each moment. As John Lennon said, "Life is what happens to you while you're busy making other plans".
🎀Worth reading.. In this age of quick fixes
 sharing to understand that the world is everyone's. Received in social media
Think big aim gihi otherwise it's a crime.

Performance of Public Sector Banks

*Financial Performance of Public Sector Banks for July - September 2018 (Q2 2018 - 19)*

*NET PROFIT*

1) State Bank of India - Rs. 944.87 Crores
2) Bank of Baroda - Rs. 425.38 Crores
3) Canara Bank - Rs. 299.54 Crores
4) Indian Bank - Rs. 150.14 Crores
5) Vijaya Bank - Rs. 139.94 Crores
6) Union Bank of India - Rs. 139.03 Crores
7) Corporation Bank - Rs. 103.01 Crores
8) Oriental Bank of Commerce - Rs. 101.74
9) Bank of Maharashtra - Rs. 27 Crores

*NET LOSS*

1) Punjab & Sind Bank - Loss of Rs. 109.23 Crores
2) Dena Bank - Loss of Rs. 416.70 Crores
3) Andhra Bank - Loss of 434.10 Crores
4) Indian Overseas Bank - Loss of Rs. 487.26 Crores
5) United Bank of India - Loss of Rs. 883.17 Crores
6) Central Bank of India - Loss of Rs. 923.60 Crores
7) UCO Bank - Loss of Rs. 1136.44 Crores
8) Bank of India - Loss of Rs. 1156.25 Crores
9) Syndicate Bank - Loss of Rs. 1542.54 Crores
10) Allahabad Bank - Loss of Rs. 1822.71 Crores
11) IDBI Bank - Loss of Rs. 3602.49 Crores
12) Punjab National Bank - Loss of Rs. 4532.35 Crores

Kerala floods--Water level recedes in Idukki. heavy rains in Wayanad is reported

Idukki: Water level in Idukki dam is receding from Sunday morning. According to Kerala State Disaster Management Authority, water level in Idukki dam is 2399.38 ft on Sunday morning.  Shutters of Cheruthoni dam was opened on Friday afternoon following the heavy rain in the catchment area. Full reservoir limit of the dam is 2403 feet.Five shutters of Cheruthoni dam was opened in order to control the water level here. These shutters have not been closed yet.Union Home Minister Rajnath Singh will arrive in Kochi on Sunday around 12.30 in the afternoon. He will undertake an aerial survey of flood-hit areas n Idukki and Cheruthoni.In the evening he will hold discussions with the Chief Minister and people’s representatives. Meanwhile, water level in Periyar river is also dropping.It is reported that the water level has fallen below 10 feet than the previous day. Though the water level receded, people are still in relief camps....Houses in Aluva, Paravur and Eloor were submerged after the heavy rain on Saturday. However, water level in Idamalyar dam is rising. Hence, one more shutter of the dam was opened. Maximum capacity of the river is 169 metres..Meanwhile, heavy rain is reported in Wayanad. As shutters of Banasura dam were opened without notice, many areas reeled under flood. Minister TP Ramakrishnan will visit relief camps on Sunday.......

courtesy mthrubhumi online.Read more at: https://english.mathrubhumi.com
https://english.mathrubhumi.com/news/kerala/flood-havoc-let-s-lend-a-helping-hand--1.3052219

Forget cash or card, soon your thumb would be enough to pay at petrol pumps

Soon, you won't have to carry any cash, card or mobile phone to pay for fuel at petrol pumps. Your thumb would be enough for payment at the petrol pump. According to a Dainik Jagran report, Indian Oil Corporation (IOCLNSE -0.09 %) has tied up with Oxigen Micro Agency and IDFC bank to roll out the facility at its fuel stations. 

Under Digital India programme, IOCL has already installed two Micro ATM machines in Bhopal and plans to expand the facility to other places across the country in the next couple of months. 

How the payment is done: 

Oxigen Micro ATM machine is a point of sale machine that allows the owner to accept the payments from several modes other than cash. The machine allows payment made through credit card, debit card, UPI, BHIM Aadhaar pay Bharat QR code and UPI. 

Besides, IOCL is also planning to import self-service petrol pump machine ins India. Soon, Bhopal will have the self-service fuel pump which the motorist can use to fill the vehicle tank after making payment through card. 

courtsey

economictimes.indiatimes.com

Bank employees shouldered worst impact of demonetisation: Unions

As bank customers suffered by waiting in long queues to withdraw their money from November onwards last year, another group of people -- bank employees -- endured the hardship of extended work hours and customer anger.

According to C.H. Venkatachalam, General Secretary of the All India Bank Employees’ Association, the whole experience had left “a big scar in the minds of bankers”. (PTI)

The bank unions said that of the more than 100 persons who lost their lives during the demonetisation chaos, over 10 were bank employees and officers. Das said that despite the enormous amount of extra work put in by the employees, very few were compensated. “Over 50 per cent of employees and officers are yet to get their compensation for the extra work they did during the demonetisation period,” Das said.As bank customers suffered by waiting in long queues to withdraw their money from November onwards last year, another group of people — bank employees — endured the hardship of extended work hours and customer anger. The employees, say bank unions, bore the major brunt of the sudden decision announced on November 8 last year by the Prime Minister. “Banking personnel were rigorously working towards recovery of bad loans before the announcement of demonetisation, but the entire drive of recovery got derailed after the announcement as employees had to work day and night for giving service to depositors,” Sanjay Das, Assistant General Secretary of the All India Bank Officers’ Confederation, told IANS.

According to C.H. Venkatachalam, General Secretary of the All India Bank Employees’ Association, the whole experience had left “a big scar in the minds of bankers”. He said a million bank employees handling 1,000 million people coming to branches to deposit old notes was certainly a big task. He said the bankers were abused by the general public for not disbursing new notes and diverting the same to others. “The RBI made matters worse by saying that sufficient number of new notes were disbursed to banks,” he added.

He said the bank managements were not bothered about the problems faced by branch officials. The Reserve Bank of India (RBI) also asked bankers to work on Saturdays and Sundays. Officials in the branch were in office till late in the evening. Although some clerical staff, he said, were paid overtime, officers were left out.

Pradip Biswas, General Secretary of the Bank Employees Federation of India, said that not only employees but even the banks had not been reimbursed by the government for the cost incurred on recalibration of ATMs. Criticising demonetisation, Biswas doubted that the whole exercise was done to unearth black money as claimed by the government. “The annual report of the RBI revealed that Rs 15.28 lakh crore, or 99 per cent of Rs 15.44 lakh crore of scrapped notes, came back into the system after demonetisation. Now the question arises: was the demonetisation scheme designed to convert black money into white?” Biswas wondered. He said the government had described it as a fight against black money, funding of terrorist outfits and counterfeit currency. “But all their claims have fallen flat,” he said.

“The scrapping of notes failed miserably in addressing its objective of striking a blow against the black economy. Instead, the side effect of the note ban has impacted the banking industry adversely,” said Das, who is also the West Bengal State Secretary for the union. The massive inflows of bank notes put a strain on the banks’ daily operations and banking personnel were not able to focus on credit disbursement, which resulted in potential loss of banks’ income, Das said, adding that bank credit growth came down to about 5.1 per cent in 2016-17 from an average of 11.72 per cent in the previous five years.

The apex bank too has mentioned that banks’ preoccupation with exchange of notes and deposits was one the factors for low credit growth. “Credit growth touched a low in more than two decades on account of factors such as subdued state of economic activity, risk aversion of the banking sector… loan repayment by use of specified bank notes (old notes) and banks’ pre-occupation with exchange of notes and deposits following demonetisation,” said the RBI’s latest annual report.

D. Thomas Franco Rajendra Dev, General Secretary of the All India Bank Officers Confederation, said that, initially, they had welcomed the government’s move. “But it turned out to be a nightmare for the bankers.” He said people thought bankers were at fault for not disbursing the new notes, but “the RBI supplied new currencies only to private banks daily and not to government-owned banks”. Dev said the government should probe whether new notes found their way into the hands of industrialists and businessmen directly from the currency printing presses.

But some senior bank officers differ with the unions about the impact of demonetisation on the economy in the long run. “Right now people are complaining, but one thing is certain that (huge) money has come into circulation. Banks have accessed low-cost deposits and, subsequently, lenders have reduced the lending rates,” said Punjab National Bank Executive Director Sanjiv Sharan. One year down the line, economic conditions would improve, and with the government’s thrust on low-cost housing and infrastructure development, credit demand would grow, he added. “For the time being it may seem that demonetisation is disturbing the economy. But in the long run, it will help it,” Sharan contended.

 (Coutesy Financial Express

PROMOTED STORIES

Expect more relief in GST, PM Narendra Modi hints ahead of council meet

Expect more relief in GST, PM Narendra Modi hints ahead of council meet

Most changes to the goods and services tax (GST) regime suggested by a panel of state finance ministers to help small businesses and traders could be endorsed by the GST Council at its next meeting on November 9 and 10, Prime Minister Narendra Modi hinted on Saturday.

By: FE Bureau | New Delhi | Updated: November 5, 2017 5:21 AM

PM Narendra Modi. (PTI)

TOP NEWS

• 

  First time ever! Apple is coming for campus placement in India, here is the college tech giant has selected

• 

  Airtel offers massive 300GB data, unlimited voice calls for 360 days in new plan; full details here

• 

  In next three years, these 7 are going to be the new white-collar jobs

Most changes to the goods and services tax (GST) regime suggested by a panel of state finance ministers to help small businesses and traders could be endorsed by the GST Council at its next meeting on November 9 and 10, Prime Minister Narendra Modi hinted on Saturday. He also expressed confidence that India’s rank in the World Bank’s ease of doing business ranking will improve even further once the GST is taken into account from next year.

“I am happy to say that the ministers’ committee, set up by the GST Council, is addressing all the issues raised by small traders and almost all the suggestions made by the small businesses are being accepted positively. If no state raises objections in the GST Council meeting on November 9 and 10, I am confident whatever changes are required to strengthen the businesses and the broader economy will be done,” Modi said, addressing the gathering at an event at the Pravasi Bhartiya Kendra in the capital. While a reduction in tax rates for several items under the highest 28% slab is expected, the group of state finance ministers has recommended that all taxpayers be allowed to file detailed returns on a quarterly — instead of monthly — basis while they continue to make the tax payments every month.

Also, all restaurants should pay a 12% tax instead of having to follow two sets of rates (currently, air-conditioned restaurants pay GST at 18%, while the levy is 12% for non-air-conditioned ones). However, the uniform 12% rate will come with the removal of the input tax credit facility. Also, the benign composition scheme that allows the businesses to pay tax as small percentage of turnover instead of the item-wise GST rates may be made available to units with turnover of up to Rs 1.5 crore as against Rs 1 crore now. The composition scheme may be made accessible to units with intra-state sales as well.

Modi said the country’s rank in ease of doing business has climbed 42 places in the last three years, including the unprecedented 30-notch jump in the latest ranking to 100th of 190 nations. He said the GST not just integrated the nation of 1.2 billion into one market with one tax rate, but also offered a stable and transparent tax regime. The Prime Minister said while the jump is impressive, he does not want to sleep over it with contentment, but intends to push everyone concerned to achieve even greater heights. “There are many other reforms that have already happened, but need gestation and stabilisation time before they are taken into account by the World Bank. There are a few other reforms where our team and the World Bank team need to find common ground,” Modi said.
Courtesy Financial Express

Indian Economy On A "Very Solid Track" Says IMF Chief Lagarde

Christine Lagarde described demonetisation and Goods and Services Tax (GST) - as a monumental effort by India.

Washington: Days after the International Monetary Fund lowered its growth forecast for the current and the next year, IMF chief Christine Lagarde today said the Indian economy is on a "very solid track" in the mid-term.

"Turning to India...we have slightly downgraded India; but we believe that India is for the medium and long-term on a growth track that is much more solid as a result of the structural reforms that have been conducted in India in the last couple of years," the IMF Managing Director Lagarde said.

Describing the two major recent reforms in India - demonetisation and Goods and Services Tax (GST) - as a monumental effort, Lagarde said it is hardly surprising that there "is a little bit of a short-term slowdown" as a result.

"But for the medium term, we see a very solid track ahead for the Indian economy," she said to a question on India.

"We very much hope that the combination of fiscal, because the deficit has been reduced, inflation has been down significantly, and the structural reforms will actually deliver the jobs that the Indian population, particularly the young Indian people expect in the future," Lagarde said.

(Coutesy Economic Times & NDTV)

'Party Has Just Begun' For Indian Stock Funds, Says Morgan Stanley

The S&P Sensex index is trading at 20 times projected earnings for the current year,

 the highest level in 7 years

The recent flood of cash into Indian stock funds is just the beginning, as the nation's growing savings chase equity returns amid decreasing appetite for gold, property and fixed income, according to Morgan Stanley.

"We've just started, the party has just begun," said Ridham Desai, managing director at Morgan Stanley India Co. Pvt. The nation's total financial savings are still low at 9 percent of the GDP compared with a peak of 14.5 percent about 8 years ago, and the government's push for pension funds to invest in stocks should drive flows even higher, Desai said at a press conference on Wednesday in Mumbai.

Inflows to Indian stock funds have remained positive for 17 straight months, starting in April 2016 and reaching an all-time high of 204 billion rupees ($3.1 billion) in August. In turn, domestic funds were net purchasers of Indian equities for 13 consecutive months, touching a record 179 billion rupees in August.

This liquidity has helped offset the negative impact from overseas investors, who are poised for a fourth straight month of net selling in September amid valuation concerns. Sentiment worsened after the latest quarterly GDP data showed that the economy grew at the slowest pace in more than three years.

The S&P Sensex index is trading at 20 times projected earnings for the current year, the highest level in 7 years, and higher than the S&P 500's multiple of 19 times. Part of the reason is that Indian corporate profits have been hit by India's decision to replace 86 percent of its currency bills in November as well as the introduction of a new national goods and services tax (GST) in July. At the same time, money has poured into stocks amid low interest rates on bonds and declining appeal for property and gold in the wake of demonetization.

Still, Morgan Stanley believes that Indian stocks aren't very expensive, and it expects a rebound in economic growth and company earnings.

"If we look at Indian stocks relative to the interest rates and relative to other markets, actually the valuations are not at all stretched," Desai said. "We are fairly sanguine about earnings as the dust settles down on GST in the next 12 months, and it's quite possible that the government's revenue collection exceeds targets, setting the stage for higher spending that will be eventually good for growth," he said.

Morgan Stanley estimates earnings for Sensex companies will rise 11 percent in the year ending March 2018 and 19 percent in the next financial year. It sees the country's economy growing at an average 7.1 percent annually for the next 10 years.

"India has successfully institutionalized equity savings, and the domestic flows have stood the tests of disrupting events such as demonetization and the GST," Desai said. "I don't think the structural nature of these flows will change, though there will be cyclical ups and downs."

(Coutesy Economic Times)