CIBIL RATING WILL DECIDE LOAN IN INDIA

After 2014 govt formation we see new policies and rules every fortnight . After big bomb of Demonstration now govt had made it clear that loan will be approved to any individual or firm after verifying CIBIL score.

What is CIBIL SCORE?
The score given on independent govt authorized agencies from 0 to 1000 stating credibility of person or firm who is seeking for a loan.

Generally Bank accept score from 750 or above however some banks approve loan on rating above 600 by checking other parameters.

GST, Demonstration and other steps seems to help bank reduce NPA as willful defaulters are now paying money back and not getting further loan approval.

Demonetisation of Indian Currency 500 and 1000 Notes

Indian Economy have currently Denominations of Rs 1,2,5,10,50,100 and 2000. as we all know Rs 500 and 1000 is now recalled by Indian Government.

Their are several pros and Cons on this Decision.

Mr. Prime Minister planned it very well however was not able to get it executed as expected and so oppositions are not leaving any stone upturned to propaganda the issue,

as everyone patience is now on the boiling point so the decision seems to be ebb. However its effects will be seen in long term.

we have done some analysis on Demonetisation of Rs 500 and 1000 Rs Note.

Benefits

All the black money kept unaccounted is now flourishing out:

a) Getting deposited in banks which leads to get that money in circulation.

b) As Jan Dhan Yojna was already successful so now at least 1 member in a family have a bank account so every family will know move towards bank for keeping money and start doing transactions with the banks

c) Since now New Notes are printed with new securities and paper all the old fake currency will automatically get scrapped.

d) All those Big fishes who tend to have bulk amount of black money with them are in huge problem and left with limited options.

e) Though Economic growth expectation is now reduced to 5.8 % but from next year economic growth can touch double digit as economy will stabilise within next 6 Months.

f) Usage of Online Transactions and digital money is now increased.

Losses:

Since Indian Economy 12% GDP is on Cash so everyone needs some cash for their daily needs and this is what getting hampered most.

People are standing in line which is wasting Indians productive time. 

Due to lack of proper management some people are getting badly affected like Marriages and Farmers.

Conclusion:

In every decision cost to return should be minimum and if Modi Govt. fix the issued within 31st December then it is very good decision for the better future of the Nation, people can suffer for a while but if more time is taken then it is a big big failure of the Govt, 

IMPROVE INDIAN SME FOR OVERALL GROWTH

Reasons for Short Term Growth of INDIA SME

All over the world it is the business which rules it may be big or small or very small and Big companies are very few however small companies are large in number so these are real backbone of the country.

In INDIA we see the current NDA government is very business friendly and is inviting the entrepreneurs from all over to work in INDIA, It is the biggest move of the govt. after 1991 Liberalization, Privatization and Globalization move. They have launched several schemes and have done several initiative like:

MAKE IN INDIA
START UP INDIA AND STAND UP INDIA
ONE DOOR APPROVAL
100% FDI ON SINGLE BRAND
DIGITAL INDIA
PUBLIC PRIVATE PARTNERSHIP

and many more as we know China economy is slowing so it seems INDIAN ECONOMY is best to invest but the question is did INDIAN were not good in business or they were not involved in business so they not made so good growth till date, their are several reasons for that.

INDIAN GOVERNMENT
FAMILY SUCCESSOR
PUBLIC AWARENESS


we all know now govt is improved and by technology improvement the last person is also aware of all the data and problems, Thanks to GOOGLE and TEAM ANDROID.

Now the only biggest problem is Family Successor doing the same business what his father was doing is still practiced in INDIA and is the biggest issue, It is not necessary that if father was good in Farming then his son would also be or a father is Technically Master then his son should and in INDIA a son concentrate on the limited area of boundaries created by his father.

Big companies appoints Managers and those who brake boundaries shift abroad, like SATYAM, SHIVAM & SUNDRAM.

Now small business owners need some inventions so they can manage like big companies with very few expenses so they can grow at a faster rate. Traditional Farming need to upgraded to Modern Horticulture, Fruits Farming and now they also need to keep Managers to manage their Farm land and use techonology, small shopkeepers need a software to keep track on all their stuff etc..

Thank only INDIA will grow at faster rate.