Forum Views - December 2023
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BOMBAY STOCK EXCHANGE BROKERS' FORUM (BBF) | MUMBAI, INDIA
DECEMBER 2023 | VOLUME: 12 • ISSUE NO. 9 •
GERMANY
INDONESIA
MONGOLIA
RUSSIA
SOUTH KOREA
TAIWAN
UNITED KINGDOM
HONG KONG
JAPAN
PHILIPPINES
SINGAPORE
SWEDEN
THAILAND
VIETNAM
BBF Diwali Dinner & Annual Get-together 2023
BBF Diwali Dinner & Annual Get-together 2023
BBF Diwali Dinner & Annual Get-together 2023
BBF Diwali Dinner & Annual Get-together 2023
BBF Governing Board Members with Dignitaries
FORUM VIEWS - DECEMBER 2023
FORUM VIEWS - DECEMBER 2023
Hotel Sahara Star, Mumbai | Friday, 3 November
EXECUTIVE COMMITTEE
GOVERNING BOARD MEMBERS
BOMBAY STOCK EXCHANGE BROKERS’ FORUM (BBF)
GOVERNING BOARD 2023 - 24
FORUM VIEWS - DECEMBER 2023
Ajit Sanghvi
MSS Securities
Pvt. Ltd.
Cyrus Khambata
Paytm
Money Ltd.
Ashish Rathi
HDFC
Securities Ltd.
Harin Mehta
M/s. V. C.
Mehta
Kamlesh Jhaveri
Jhaveri
Securities Ltd.
Ketan Marwadi
Marwadi Shares
& Finance Ltd.
Rajiv Kejriwal
SBICAP
Securities Ltd.
Neeraj Choksi
NJ India
Invest Pvt. Ltd.
Parth Nyati
Swastika
Investmart Ltd.
Dr. Pravin Bathe
Angel
One Ltd.
Purav Fozdar
Axiom Share
Broking Pvt. Ltd.
Kranthi Bathini
WealthMills
Securities Pvt. Ltd.
Vivek Gupta
GEPL Capital
Pvt. Ltd.
Virender Mansukhani
Mansukh Securities
and Finance Ltd.
Uttam Bagri
BCB Brokerage
Pvt. Ltd.
Tejas Khoday
Fyers Securities
Pvt. Ltd.
KISHOR KANSAGRA
Chairman | BBF
Pragya
Securities Pvt. Ltd.
KUSHAL SHAH
Jt. Secretary | BBF
Ratnakar
Securities Pvt. Ltd.
RAJIV CHOKSEY
Treasurer | BBF
KR Choksey Shares
& Securities Pvt. Ltd.
ANURAG BANSAL
Vice Chairman | BBF
SMC Global
Securities Ltd.
NIRAV GANDHI
Secretary | BBF
JM Financial
Services Ltd.
Saurabh Jain
SSJ Finance &
Securities Pvt. Ltd.
S. P. Toshniwal
Sunlight
Broking LLP
Roopkishor Bhootra
Anand Rathi Shares &
Stock Brokers Ltd.
Santosh Jayaram
GROWW
Shripal Shah
Kotak
Securities Ltd.
Ajay Kejriwal
Choice Equity
Broking Pvt. Ltd.
FORUM VIEWS - DECEMBER 2023
FORUM VIEWS - DECEMBER 2023
14
BBF
Events
BBF ASF AGM 2023
Disclaimer: This magazine is meant for information purposes only and does not constitute any opinion or guidelines or recommendation on any course of action to be followed by the reader(s). It is not intended to be used as trading or
investment advice by anybody and should not in any way be treated as a recommendation. The information contained in this magazine does not constitute or form part of and should not be construed as, any offer for purchase or sale of
any product or service. While the information in the magazine has been compiled from sources believed to be reliable and in good faith, readers may note that the contents thereof including text, graphics, links or other items are
provided without warranties of any kind. Bombay Stock Exchange Brokers' Forum (BBF) expressly disclaims any warranty as to the accuracy, correctness, reliability, timeliness, merchantability or fitness for any particular purpose, of
this magazine. Bombay Stock Exchange Brokers' Forum (BBF) shall also not be liable for any damage or loss of any kind, howsoever caused as a result (direct or indirect) of the use of the information or data contained in this magazine.
Any alteration, transmission, photocopied distribution in part or in whole or reproduction of any form of this magazine or any part thereof without prior consent of Bombay Stock Exchange Brokers' Forum (BBF) is prohibited.
Concept, Production and Editorial: Dr. VISPI RUSI BHATHENA, PhD (h.c.)
Editor & Publisher: Dr. V. ADITYA SRINIVAS
Design & Layout: HARSHAD GAJERA
Printing Press: KSHITIJ PRINTERS, 49, Parsi Panchayat Road, Ashok Ind. Estate,
1st Floor, Andheri (East), Mumbai - 400 069
Write to us: We would be happy to hear from you! Do send in your suggestions, feedback and comments
via email to team@brokersforumofindia.com | Visit us: www.brokersforumofindia.com
BBF Steering Committee
Kishor Kansagra (Chairman)
Anurag Bansal (Vice Chairman)
Nirav Gandhi (Secretary)
Rajiv Choksey (Treasurer)
Kushal Shah (Jt. Secretary)
Follow us on:
@bbfindia
/bbfindia
/Bsebrokersforum
/bbfindia
FORUM VIEWS - DECEMBER 2023
42
Global
Insights
A GUIDE TO MOVING TO
TAX-FREE COUNTRY
51
Your Questions
Answered
PROTECTING INVESTORS
FROM MARKET ABUSE
HOW TO NOTICE BURNOUT AT WORK
AND WHAT TO DO ABOUT IT
THE POWER OF CULTURE
TRANSFORMATION: SHAPING THE
FUTURE OF BUSINESS
THE FUTURE OF MARKETING: NAVIGATING
STRATEGIES FOR BRANDS AND BUSINESSES
IN A GLOBAL FINANCIAL LANDSCAPE
BBF DIWALI DINNER &
ANNUAL GET-TOGETHER 2023
53 Insights
SMART ODR PORTAL NOT THE ONLY
GAME IN TOWN: WILL IT MAKE THE CUT?
57 Feature
SOCIAL STOCK EXCHANGES, THE CATALYSTS IN SOCIAL
FUNDING - FRAMEWORK AND THE WAY FORWARD
PLEDGING DEMYSTIFIED: LEVERAGING
INVESTMENTS FOR LIQUIDITY
THE CRUCIAL ROLE OF PR AND COMMUNICATION
IN MODERN SHARE BROKERAGE
THE INDIA-US STRATEGIC PARTNERSHIP:
A GEOPOLITICAL MILESTONE
CONTRACT OF SERVICE
COMPLIANCE CALENDAR
67
Regulatory
Compliance
EMPOWERING THE UNSEEN BRILLIANCE
THE NETI POT: A BREATH OF FRESH
AIR FOR YOUR HEALTH
Leadership,
Empowerment & Lifestyle
68
OSTEOPOROSIS IN WOMEN
72
Living Health
Matters
FORUM VIEWS - DECEMBER 2023
Dr. Vispi Rusi Bhathena, PhD (h.c.)
Chief Executive Officer
Dr. V. Aditya Srinivas
Chief Operating Officer
and Chief Economist
The Indian economy has emerged as a torchbearer for the global economy, demonstrating
consistent GDP growth and a significant resurgence in domestic consumption.
The International Monetary Fund (IMF) has released growth rate forecasts for various
economies, with India leading the way: Country GDP Forecast for 2023 (Reference: Economic
Times)
World 3.0% • India 6.3% • China 5.0% • Russia 2.2% • USA 2.1% • Japan 2.0%
• Eurozone 0.7%
F R O M
T H E
BBF SECRETARIAT
This above clearly indicates that the Indian economy is considered one of the most promising
in terms of growth, even amid global economic uncertainty.
Consumer Price Index (CPI) inflation has shown signs of cooling, providing substantial relief to
the Reserve Bank of India (RBI). CPI inflation has decreased from 6.83% to 5.02%, a significant
drop of 181 basis points. This decrease ensures that the RBI will continue its pause on interest
rate hikes. The Repo rate has been raised from 4% to 6.5%, a 250 basis point increase, bringing
it close to its terminal level.
The Index of Industrial Production (IIP) has surged from 5.7% to 10.3%, indicating a robust
outlook for the manufacturing sector. The simultaneous rise in IIP and fall in CPI inflation
appears to be an ideal combination for the economy and the Central Bank's objective of
controlling inflation without compromising on economic growth.
GST collections have reached Rs. 1.62 lakh crore, reflecting the resurgence of robust business
activities.
FORUM VIEWS, DECEMBER 2023 edition
From
to You...
BBF
10
FORUM VIEWS - DECEMBER 2023
BBF has conducted over 30 seminars to promote investor
education and awareness, attracting participation from
more than 1350 individuals.
11
FORUM VIEWS - DECEMBER 2023
12
FORUM VIEWS - DECEMBER 2023
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