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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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