The week through Dec 26 to 30 witnessed the markets rallying sharply from a low of 7,893. The Nifty gained 2.51 percent Week of Week to close at 8,186, by which it sustained the loses of the previous week.
On 29 December, Finance Minister Arun Jaitley said that for the period between April 1 and December 19, direct tax collections raised at a net rate of 13.6 percent year-on-year. He said all the data available, including that of indirect taxes and Rabi crop sowing, indicated that the circumstances was better than what the critics of demonetization feared...... Read More
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