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Many industry segments have welcomed the move terming it a positive step in the right direction, to reforming the ecosystem in the country. There are some segments who have reported temporary loss of business because their businesses were driven by cash transactions. However, overall, the country has reconciled to this change and considers it a temporary phase of inconvenience which eventually come to pass. There are some disgruntled elements and vested interests who are attempting to create panic but their efforts are not successful which is evident by the fact that most citizens are calm and moving around in a ?business-as-usual? mode.

Going forward, it would be interesting to watch how the economists and the financial community set up the benchmarks to measure the long term efficacy of this bold step taken by the government.

Donald Trump has won the presidential election to become the 45th US President. His victory speech was impressive and far removed from his rhetoric style during his campaigning days. The world is waiting to see how he drives the future of his country. The recently concluded IMME 2016 reflected optimism among the exhibitors and visitors of a possible turnaround of Indian mining industry in the coming years. Read our Special Report for more details.

Indian CE industry is abuzz with Bauma Conexpo 2016 being staged at Gurgaon. Accordingly, please read our special for this edition ?Ideating on Equipment Selection? in which we are presenting the industry?s views and ideas on equipment selection.

For your valuable feedback please write to Shankar@equipmentindia.com