Two decades back the country was led by BJP stalwart late Atal Bihari Vajpayee and today it is still governed by a BJP Prime Minister, Narendra Modi. Seemingly, things are the same. However, petrol today costs 86 per litre whereas back in 1998 it was 23.84 per litre. The USD-INR pair stood at 39.50 (April 1,1998) whereas today it is 71.72 (Sept,2018). We look back at the financial events in India and the world that have shaped the last two decades.
![India's Two Decades On A Roller Coaster](https://magarticles.magzter.com/articles/242/307200/5bbce340bfead/IndiasTwo-Decades-On-A-Roller-Coaster.jpg)
Global Financial Crisis 2008
The global financial crisis of 2008 was largely perpetuated by a host of factors including housing collapse in the United States (US) and unscrupulous lending in economies across the globe. The crisis might have originated in the US but its impact was felt worldwide. As Archana Hingorani, Founder and Managing Partner of Siana Capital, points out, “This event has left an indelible impact on the globe from an economic perspective.” Meltdown in the US housing markets stirred up a storm. Banks found themselves in the position of holding repossessed homes. This led to a credit crunch and had a domino effect on the economy as financial institutions that had sanctioned these loans as their underlying, now became redundant.
Demonetisation
November 8, 2016 is a day not many are likely to forget in a hurry. It was on this day that the BJP government announced the demonetisation of 500 and 1000 banknotes. Besides having caught the nation unawares, the announcement also threw all and sundry into a state of panic. As per the government, the main aim of this action was to curtail the shadow economy and crack down on the use of illicit and counterfeit cash to fund illegal activity and terrorism. However, two years down the line the benefits of this move are still not apparent to a large part of the population.
Digital Banking: Teller to Click
هذه القصة مأخوذة من طبعة October 2018 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك ? تسجيل الدخول
هذه القصة مأخوذة من طبعة October 2018 من Outlook Money.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
![THREE STOCKS MFs WENT BANANAS OVER](https://reseuro.magzter.com/100x125/articles/242/1721877/Xf7evgxJI1717504850416/THREE-STOCKS-MFS-WENT-BANANAS-OVER.jpg)
THREE STOCKS MFs WENT BANANAS OVER
When you invest in mutual funds, you are indirectly investing in stocks. So, we decided to find out which are the stocks most mutual funds in the equitylinked savings scheme, flexi-cap, multi-cap and large-and-mid-cap categories invest in. We analysed 149 funds that have a broad mandate to invest in a wide array of stocks and came up with the three stocks that most mutual funds invest in
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5 Tricky Travel Questions, And 1 Foolproof Travel Plan
Now that you have finally bid goodbye to your worklife, you have all the available time at your disposal to satiate your travel bug. But before you set sail on your wanderlust, here are a few things you should keep in mind
![Save As Per The Corpus You Need](https://reseuro.magzter.com/100x125/articles/242/1721877/A62SCkLMx1717506794087/SAVE-AS-PER-THE-CORPUS-YOU-NEED.jpg)
Save As Per The Corpus You Need
I am 29. I started investing in mutual funds (MFS) two years ago. I invest ₹2,000 each in three equity funds-multicap, focused equity and multi asset allocation-every month.
![Short Selling](https://reseuro.magzter.com/100x125/articles/242/1721877/lwI8q7x651717506511676/SHORT-SELLING.jpg)
Short Selling
The capital markets regulator, the Securities and Exchange Board of India (Sebi), recently issued a new circular which said that while placing orders, institutional investors will have to inform in advance whether the transaction is short selling or not. The order also said that retail investors would be allowed to make similar disclosures till the end of trading hours on the day of the transaction.
![Mind Exclusions Before Buying Policy](https://reseuro.magzter.com/100x125/articles/242/1721877/oy0KEkGzF1717506191962/MIND-EXCLUSIONS-BEFORE-BUYING-POLICY.jpg)
Mind Exclusions Before Buying Policy
I am a 29-year-old software engineer. I got married a year and a half ago and currently reside with my parents.
![HOW AVERAGES CAN RUIN THE MATH](https://reseuro.magzter.com/100x125/articles/242/1721877/X7Raw_3rE1717505763208/HOW-AVERAGES-CAN-RUIN-THE-MATH.jpg)
HOW AVERAGES CAN RUIN THE MATH
Calculating a retirement corpus on the basis of average returns can have disastrous consequences as different sequence of returns can lead to different outcomes
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Calls For Urgent Action As India Braces For Dementia Crisis
As the ageing population grows, the threat of Alzheimer's disease has also spiked, drawing attention to whether India is prepared to provide the medical support it calls for.
![ANNUAL REPORT CARD](https://reseuro.magzter.com/100x125/articles/242/1721877/FyFGcMRUz1717504557622/ANNUAL-REPORT-CARD.jpg)
ANNUAL REPORT CARD
The Indian equity market is in an upbeat mood, and almost all the funds in the OLM 50 list are among the top five funds in their respective categories in terms of performance.
![Don't Just Blindly Follow Maxims](https://reseuro.magzter.com/100x125/articles/242/1721877/h80Xpr0OO1717504132063/DONT-JUST-BLINDLY-FOLLOW-MAXIMS.jpg)
Don't Just Blindly Follow Maxims
The given investment maxims have proven relevant most of the time, but they are not carved in stone. Investment strategies should be tailored to individual situations
![IS YOUR fund FARING WELL?](https://reseuro.magzter.com/100x125/articles/242/1721877/rR2APxgLB1717503606933/IS-YOUR-FUND-FARING-WELL.jpg)
IS YOUR fund FARING WELL?
Outlook Money's India's Best Funds 2024 issue aims to empower you with valuable insights and analysis, to help you make informed decisions on the funds you already own or the ones you plan to invest in