An analysis of participatory notes

by Rishi A.

The Supreme Court appointed Special Investigations Team (“SIT”), in its report on how best to curb black money, made a number of recommendations. One of these was to check the misuse of participatory notes (“p-notes”). When the markets opened on the following Monday, the fear caused by the possible government action on investments through p-notes saw the Indian stock markets decline by 2%.

Continue reading An analysis of participatory notes