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Need bold reforms to transform economy: Arun Jaitley
Business & Finance   Wednesday, January 11, 2017 IST
 
Need bold reforms to transform economy: Arun Jaitley

Need bold reforms to transform economy: Arun Jaitley

New Delhi: Finance Minister Arun Jaitley on Wednesday said that striking changes are required to change economy. 
 
Talking at the eighth version of Vibrant Gujarat Summit in Gandhinagar, Jaitely stated, "India needs strong choices, time now to tidy up table." 
 
"Troublesome choices at first go through troublesome stages," he included. 
 
Jaitley said that over the top paper cash has its own indecencies, it prompts to its own enticements. 
 
Expressing that GST and demonetisation will help development, the fund serve said that its effect will be seen for the current year. Talking on the demonetisation of high esteem money notes, FM included, " After transient effect, demonetisation will prompt to cleaner and bigger GDP"



 
 
BSE Sensex touches new all-time high of 30,071.61
Business & Finance   Wednesday, January 11, 2017 IST
 
BSE Sensex touches new all-time high of 30,071.61

BSE Sensex touches new all-time high of 30,071.61

The BSE Sensex touched a new all-time high of 30,071.61 on Wednesday.

The 30-share index opened above the crucial psychological level of 30,000 on strong Asian cues. NSE Nifty also opened in the green, trading at a new level of 9,343.15. It, however, retreated after that.

BSE Sensex also came down from the new record level and was trading at 30,029.52, up 86.28 or 0.29% from the previous close. It hit an intraday low of 30,004.28.

The markets are buoyed by strength in the Asian markets that are on a gaining streak for the fifth day led by strength at the Wall Street. Nasdaq Composite hit and hit an all-time high on Tuesday while the Dow and S&P 500 brushed against recent peak as strong earnings underscored the health of corporate America, a Reuters report said.

The top gainers were Orient Bank up 5.63%, Andhra Bank 4.71%, Wipro 2.87%.



 
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