Demonetisation will certainly be good for the economy in the longer run but it is tough to ascertain how long the adjustments will take says Ajay Srinivasan of Aditya Birla Group in an interview to CNBC-TV18.
Certain verticals will require funding to scale up like housing finance, insurance and non-banking finance company, says Ajay Srinivasan, Chief Executive - Financial Services, Aditya Birla Group. The company has no plans of listing the verticals separately anytime soon.
According to Crisil Research, amendments including - back ending of premium payments, deemed termination of projects, allowing greater equity contribution by the NHAI, stringent penalties on non-compliance of maintenance contracts and collection of real-time traffic data - will improve the confidence of developers and lenders in the sector.
Crisil believes an improvement in the distribution process of FMCG goods is a must to see the effectiveness of GST.
At the Mint's post budget analysis conference esteemed panelists spoke about growth and Indian economy.
The Sensex plunged 654.25 points to close at 27457.58 and the Nifty fell 188.65 points to 8342.15.
CRISIL expects aggregate EBITDA margins to improve by 25-50 bps Y-o-Y in Q3FY15.
Ajay Srinivasan, CEO, Financial Services, Aditya Birla Group feels that Reserve Bank of India is very transparent in terms of what their expectation were. It was after the RBI, issued the final guidelines for licensing of new private sector banks.
In an interview with CNBC-TV18, Ajay Srinivasan of Aditya Birla Group believes the tax approach to pensions would be a fairly significant initiative. However, he feels it will take time to implement the measures and once approved, it will help the industry to launch more products.
CRISIL Research has come out with report on cement sector. According to the research firm, cement demand is expected to improve in 2012-13.