SumanSpeaks: The Information Super Highway

India to go cashless? These days after the ill conceived demomitisation drive of the "Copy - Paste" Narendra Modi government, lot of stories are being spun to make India, a country where still more than 25 crore population struggles to get two square mills a day, Cashless -- a sort of Utopia, in the prevailing socioeconomic conditions. The Modi brigade has suddenly becomes aficionados of "Plastic Money".  However, it is to be remembered that in India more than 80% of the financial transactions are done through cash. The current "Tughlaq-ian" policy has suddenly brought this system to a standstill. There is no 100% cashless economy in the world. Moreover among the 150 - plus, small and big countries, only a few Scandinavian and African countries,  apart from UK and Canada has gone for partial cashless; with Sweden topping the list. However, Germany, a super power in Europe is one such place where the usage of cash is stil...

India to go cashless? These days after the ill conceived demomitisation drive of the "Copy - Paste" Narendra Modi government, lot of stories are being spun to make India, a country where still more than 25 crore population struggles to get two square mills a day, Cashless -- a sort of Utopia, in the prevailing socioeconomic conditions. The Modi brigade has suddenly becomes aficionados of "Plastic Money".  However, it is to be remembered that in India more than 80% of the financial transactions are done through cash. The current "Tughlaq-ian" policy has suddenly brought this system to a standstill. There is no 100% cashless economy in the world. Moreover among the 150 - plus, small and big countries, only a few Scandinavian and African countries,  apart from UK and Canada has gone for partial cashless; with Sweden topping the list. However, Germany, a super power in Europe is one such place where the usage of cash is stil...

Important 1. Those who have still now not sold the shares of Prajay Engineers Syndicate Ltd (Rs.14.05) can continue to hold with a SL of Rs.11.70 for earlier mentioned targets of Rs.18-21. The property prices in Hyderabad and Vijayawada are showing some buoyancy amidst all the doom and gloom in NCR, MMR, Bangalore, Pune, Kolkata, etc. How this opportunity is utilized by the Prajay management to effect a turn around, remains to be seen. 2. The shares of RCom should soon break out from the current levels and move towards Rs.53-54. The investors are suggested to have a little patience. Some of the analysts with qhom I spoke during the last couple of months have more or less given a target of Rs.72, for the scrip. 3. Shrenuj & Co hit another buyer freeze at Rs.3.65. The investors are suggested to book some profit. 4. With lot of fanfare, the Mumbai based operator S P Tulsian recommended MBL Infrastructure Ltd (Rs.105) and Jai Corp Ltd ( Rs.72.55). But once both the s...