1. Vijay Mallya
We all know the name very colourful man , he made numerous headlines in india and abroad. It is news that he had fled from the country with public money. Around 17 banks had approached the apex court for the case of 9,000 crores. which they claimed to be covered from vijay mallya. Enforcement Directorate disclosed and stated vijay Mallya’s properties worth over Rs 6,027 crore. Many of proceedings had started against him.
2. Reliance Jio
Reliance jio was launched which is grand telecom venture by reliance industries, which made headlines with its free services like 4G internet free absolutely till 31 december the date which was later again revised with new date which is now till March. This network has had 4G coverage in 18000 cities and 200000 villages all over country. By which it produced tough and hard hitting competition in the Indian market to rest telecom industries like Airtel, Idea and Vodafone
3. Goods and Services Tax (GST)
This is an indirect tax, which is in news for a long time many of discussion were held on it to enforce it. It will change the future of taxation and Indian finance system. It is being considered best reform till date in the taxation department. From the global economy viewpoint, India’s ranking improved in the recent ‘Ease of Doing Business report’, primarily because of the GST’s implementation, structure and fundamental transformation. It is being expected that it will support the low middle class and middle class the most. By which GDP will be affected .
4. Cyrus Mistry
In the year it was also a big news in the arena of TAT group that Cyrus Mistry Got out from the Chairman position and Ratan Tata had taken short term takeover of the Tata Sons, which is worth $103 billion till the time new successor will be chosen. There have been news, that there were serious questions on Mistry’s decisions over non-profit businesses and business in Europe and many more. There were many reasons for disagreements. It was in news that it was loss of nearly $7 billion (Rs 50,000 crore) after Misty’s exit. Brand also slipped down. During his tenure it was being considered that most of the TATA companies were under performing.
5. Raghuram Rajan
In the banking sector it was completely shocking news that RBI governor Raghuram Rajan exits, at first it was a big stress in the country after this news. Even in the global market. He took his position in 2013, September. When it was highly influencial that country’s economy was vulnerable, there was inflation which was high, rupee was coming down daily. In short all eyes were on raghuram rajan towards his actions and measures. When he made exit.
6. UK’s decision
It actually happened that United Kindom decided to exit the European Union which took all eyes on them, and it was fearful and uncertainty to India as india is the third largest source of Foreign direct investment to the United Kingdom. But finally all went well. It didn’t affect the india. The during that time rupee depreciated . which affected the Sensex too.
7. Patanjali Ayurved
Brand name which has astonished entire country with its unimaginable growth and vindicated its place in india among other brands. It has give biggest competition to all other brands as they have introduced in food industry almost everything. Patanjali Ayurved net worth is expected to be $2.5 billion and still growing.
Prime Minister Narendra Modi announced its biggest step to demonetise Indian currency notes of Rs 500 and Rs 1,000 to exterminate the black money . this was the news which stunned the nation and influenced each citizen of the country rather we would say all business sectors were very heavily affected, still things are heavily influenced and will remain too until new currency takes its place properly in entire country. Many called it a huge and daring action till date in nation. This major announcement is made for all the tax payer and non tax payers who have not disclosed their incomes or assets till date to Income Tax Department and have kept huge amount undisclosed in form of cash.