Market and Business News

(Gujarat News Representative) Mumbai, Ta. 31 August 2019, Saturday While the central budget was forced to declare surcharges on foreign portfolio investors (FPIs) and other concessions with the withdrawal of surcharges due to the sentiment of the market, the government was forced to declare several other concessions along with withdrawal of surcharges, indicating that GDP growth was slowing to five per cent yesterday. Caution is likely to increase due to a surge in the year-low market Sector. Finance Minister Nirmala Sitharaman announced the withdrawal of surcharges on FPIs a week ago, as well as the withdrawal of LTCG enhanced surcharges, and despite the indirect incentives for the automobile industry, the market boom last week. In the weekend, the banking sector announced the merger of the banks as part of the consolidation of PSU banks by announcing reforms in the banking sector. But with the global situation unfavorable, the market will see caution if GDP-economic growth in the ...

Mumbai, Ta. 31 August 2019, Saturday New demand in the Mumbai oil-seeds market was slow today. The prices were hitting. World market news was showing mixed weather. New York Cotton Futures overnight was reported at 5 points plus close delivery and 5, 6 and 5 points in distant delivery, while Chicago soybean futures overnight in the US were up 5 to 5 points while there was a fall of sixteen. There, soybean futures overnight called 5 to 5 points high. Meanwhile, world-market players were watching as trade talks between China and the United States move forward. In the spot market today, the price of the 5 kg was Rs. 4 per liter and the price of JNPT was Rs. There was new demand. The price of crude palm oil CPO Kandla was Rs. CPO prices went up as the government increased tariff value. In Palmetel, the market was now looking at when the duty was raised by the government. Meanwhile, the price of Singtel remained sluggish at Rs 5 in the Mumbai market while Rajkot was priced at Rs 5 to Rs...

Mumbai, Ta. 31 August 2019, Saturday After US President Donald Trump tightened visa standards, it was becoming a headache for Indian Information Technology (IT) companies to recruit employees locally in the US, and the country's IT companies had to fight legal issues with local US employees on several issues. Companies are also scared to grow. The recruitment of locally-hired employees in the United States is subject to various conditions. One of these conditions is also related to the transfer. However, the source said that IT companies in the country are having a bitter experience. American employees are not ready to transfer from one city to another within their own country and if the company compulsorily replaces them, the employees are showing the court gate to the company, sources in the HR department of an IT company said. The pressure to recruit locally in the United States has increased, but the shortage of employees with IT talent is making the situation worse for com...

(Gujarat News Office) Mumbai, Ta. 31 August 2019, Saturday Bullion market today was officially closed on Saturday in the Mumbai jewelery market. The prices were talking high at the closed market. In the currency market today, the impact of the dollar against the rupee against the closed market was a boom on gold and silver prices. However, there were reports of precious metals softening in the global market. As the dollar moved higher in the world market, there were funded sellers in gold. Inflation in the United States has come as expected when there were directives for a reduction in consumer sentiment. The euro's value against the dollar in the world market has plummeted for two years. China's currency yuan price cut almost four percent in August, the monthly record new record in such a decline, currency market sources said. In India, the GDP rate has gone down and due to this, the rupee has collapsed in the currency markets today, while the dollar has risen against the ...

Unjha, Ta. 31 August 2019, Saturday A protest against controlling the government's cash transactions has been launched in protest against the government's cash transactions, with two markets in North Gujarat and six majors in Saurashtra opposing the closure of the Ujha Marketplace tomorrow for an indefinite period in protest against two percent TDS over withdrawal of more than one crore. The central government has taken steps to curb cash transactions between traders and farmers by imposing two per cent TDS on annual withdrawal of more than one crore rupees from September 1. Which merchants are strongly opposed to. Also, the agricultural markets behind this cause will be closed tomorrow for an indefinite period tomorrow. A delegation of nine members, including legislators, legislators and businessmen from Unza Marketyard, are marching to present to the Prime Minister of Delhi on Monday in this regard. The trade class is still confused due to some ambiguity regarding the li...

Mumbai, Ta. 31 August 2019, Saturday Concerns have been raised by concerned bank managers that the mega-merger process in the country's banking sector will also raise a number of challenges. The HR policy of the banks, from the functioning of the branches to the incorporation of the subsidiary banks, will create many hurdles in the merger process, said a banking sector analyst. For example, the Punjab National Bank (PNB) has five subsidiaries. In addition, as the technology level of each of the banks varies, it will be a question of what kind of technology to adopt in the new bank that will arise after the merger. In some cases, the government has decided to set up a new bank and in some it has decided to merge one bank into another. There is a welcome step towards consolidation in the banks, but postponing it will go a long way, analysts said. Banks' branches are also likely to become a tricky issue. The banks which have decided to consolidate have a large number of branc...

(Gujarat News Representative) Mumbai, Ta. August 30, 2019, Friday Funds have raised the all-round before the Finance Minister Nirmala Sitharaman announced the second mini-budget over the weekend, in the continuing efforts of the central government to tackle the economic slowdown in India against the global economic slowdown. The finance minister today went ahead with the consolidation of PSU banks in view of the recovery in the global markets and continued economic reforms in the domestic markets, hoping for a trade agreement between the US and China again against the threat of global recession and the merger of Punjab National Bank, Oriental Bank of Commerce, United Bank of India and India Bank. Announcing the decision to merge with the bank and this �થે યુનાઈટેડ બેંક ઓફ ઈન્ડિયા, આંધ્ર બેંક અને કોર્પોરેશન બેંકનું મર્જર તેમ જ ઈન્ડિયન બેંક અને અલ્હાબાદ બેંકનું મર્જર કરવાનું જાહેર કરતાં પૂર્વે શેરોમાં ફંડોએ તેજી કરી હતી. With the US dollar falling 5 paise to the rupee against the rupee...

Mumbai, Ta. August 30, 2019, Friday Singtel prices remained soft behind Saurashtra today in the Mumbai oil and beer market. When palpation was increased. There was news of the government raising the tariff value of imported edible oils, and in the wake of this, there was talk of a rise in the prices of imported food items and futures market in the evening. Pamtel prices hike up to Rs 6 kg 3 and JNPT Rs. There were two. Rs. A total of around 5-7 tonnes of merchandise was delivered for delivery from September 1 to September 8, with the direct delivery of hawala resellers and refineries in Palmet from 6 to 8 today, market analysts said. Meanwhile, there was talk of some refineries shutting down prices in the evening after the tariffs were raised. Meanwhile, Palmet's total exports to Malaysia increased by 5% in August, including through IT. In Malaysia today, Palmet's futures were four points softer in near delivery, while distant delivery prices closed at 5, 5 and 5 points plu...

New delhi date. August 30, 2019, Friday Although the government has announced concessions to boost the economy, it will not have any significant impact on the auto sector. Looking at passenger vehicle sales this year, sales are expected to decline by four to seven percent, said rating agency ICRA. In a report released by Ikra, the measures announced by the government will help the auto sector as much as any other sector. But it is less likely to reverse the recession in this area. The growth of the auto sector depends mainly on high agricultural production, industrial growth and improving the economy. But all three regions are facing adverse environment. The auto industry has registered a de-growth of more than 5% in the current financial year. Demand for rural areas along with urban areas has also decreased. On the other hand, new standards for pollution, new rules on pollution of vehicles, increased vehicle registration fees, uncertainty over interest rates and increase in insur...

Mumbai, Ta. August 30, 2019, Friday Credit and liquidity tensions in the country's non-banking financial companies (NBFCs) could hamper the process of establishing financial stability, the Reserve Bank's annual report says. Overall demand in the economy is declining. The annual report claims that the RBI is considering this concern. The lending by the non-banking finance company (NBFC) to the commercial sector (commercial sector) has declined by 5% in the last fiscal year, according to the Reserve Bank's annual report. According to the data released in the Annual Report, NBFC has given Rs. 8.5 trillion was financed which was Rs. Was 1.8 trillion. India's macroeconomic stability is providing a ray of hope. But it is not certain that this stability will diminish the impact of the decline in activity or that it is signaling a slowdown. Due to the challenges raised by the IL&FS Chapter due to the NBFC sector, the credit flow from the NBFC sector to the commercial ...

Mumbai, Ta. August 30, 2019, Friday Although the tax surcharge on Foreign Portfolio Investors (FPI) has been withdrawn, their sales in Indian equities have not stopped. In the current week, FPI has sold more than Rs 1 crore of equities. Issues like the recession of the US-China trade war have been a concern for the stock market in the global and country economies, said one analyst. Despite the decision to withdraw the surcharge, FPI did not see any special enthusiasm for the purchase. This suggests that FPI equities investment decisions are dependent on a number of factors, he added. Statistics show that FPI has been selling heavily in equities since the announcement of the current fiscal year budget. FPI has sold equities worth Rs 5 crore in the current Budget July 5th. It is difficult to say that the mere withdrawal of surcharges will return FPI to the Indian market. Apart from the improvement in corporate earnings, the economy needs to be mobilized, only then investors' con...

(Gujarat News Office) Mumbai, Ta. August 30, 2019, Friday Gold prices in the Mumbai jewelery market continued to fall sharply from the highs. In the world market, the price of precious metals continued to decline. The dollar was down against the rupee today in the domestic currency market. In such an environment, import of domestic precious metals has come down sharply. There was a new demand. In the world market today, gold prices fell by $ 9/7 per capita to $ 8 / $ 2 in the evening. Dollar exchange rate in the Mumbai currency market today is Rs. 1/4 of Rs. 5/1 Open High Price Rs. After 5/1, the lowest price is Rs. Last closed at 1/3. 1/3 were. Dollar prices were down by 5 paise today while the British pound fell by 5 paise to Rs. Within 5 rupees. It was 1/3 to 1/3. Euro prices fall by 5 paise Within 5 rupees. It was 1/3 to 1/3. Meanwhile, in the Mumbai market today, gold prices have gone up by 5/5 rupees without GST. 1 for Rs. 2 and 3/5 Rs. 3 rupees . Closed down while prices wit...

Mumbai, Ta. August 30, 2019, Friday The prices of agricultural commodities are expected to increase by 3-5% in the current year. During these monsoon years, kharif sowing has been delayed by late monsoon and its impact on production is widespread. In addition, flooding in some areas has also affected the crop. Sugar production is estimated to be low and sugar cane is expected to increase in the price of sugarcane towards biofuel production, while soybean, paddy and jute prices are likely to remain stable. However, with the government having sufficient grain stocks and global commodity prices for agricultural commodities soft, food inflation is unlikely to rise significantly. India's food inflation has been stable for the past few quarters. After three consecutive years of kharif production, the kharif production is expected to decline by 5 to 5 percent in the current year. The weather forecast is estimated by the private sector to reduce rice, pulses and soybean production. C...

New delhi date. August 30, 2019, Friday The Modi government has been hit hard on the economic front. The country's growth rate has declined. Growth in the first quarter dropped from 5.8% to 5%. If compared on an annual basis, there is a 3% decrease. The GDP rate for this quarter was 8% a year ago. The decline in the manufacturing sector and the decline in agricultural production in the last quarter had a greater impact on GDP growth. This is the slowest pace in any quarter of the Modi government. About 7 years ago, GDP figures reached this level in a quarter of the UPA government. It is noteworthy that the RBI has projected India's GDP to 6.9% for the financial year 2019-20. For the first financial year, GDP was projected to be 7%.

(Gujarat News Representative) Mumbai, Ta. August 29, 2019, Thursday The August trend in derivatives ended today. Earlier in the week, the central government announced withdrawal of surcharges on Foreign Portfolio Investors (FPIs), along with the elimination of LTCG enhanced surcharges and after encouraging industry-banks to attract foreign direct investment in the country yesterday, the FDI-Foreign Direct Directive And go liberalizing in single brand retail Apart from the loss, the global economic slowdown has started to take a tumultuous as the government has announced a Rs 1.5 lakh crore dividend payout from the Reserve Bank of India, as well as uncertainty over the US-China trade war tension, Brexit, softening global markets and this stimulus. Foreign fund stocks continued to rise amid expert opinion that the government was too late to deliver the package. Minister declined. The index-based trend continued to show signs of decline at the end of August. The US dollar continued to s...

Mumbai, Ta. August 29, 2019, Thursday Mumbai oil-seeds market today was on the brink of falling prices due to rising prices. New demand was slow. The direct delivery of the refinery was not specially traded today, while the hawala resale traded around 5 kg at a headline of Rs 5 per kg. Meanwhile, hawala-resale prices were at Rs 5 this evening while JNPT was at Rs 5 with Rs 6. Meanwhile, prices of crude palm oil CPO Kandla remained at Rs 6 while CPO futures prices were at Rs 5, lower at Rs 5 in the evening, while soybean futures were at Rs 5. The prices used to be Rs. The world market was soft. In Malaysia, Palmet's futures today closed down at 5, 5, 6 and 5 points. While there, the prices of the palm product dropped by two and a half to five dollars. After the Chicago soybean futures overnight rose 5 points in the United States, prices fell 5 to 5 points in the evening, while in the overnight news, futures for soybeans rose by 5 points and soybean futures rose by 5 points. New...

Mumbai, Ta. August 29, 2019, Thursday Despite the steps announced by Finance Minister Nirmala Sitharaman to speed up the automobile sector, car makers are saying that the move will only improve the mood and not only at the industry level and at the consumer level. The measures announced by the finance minister will improve the liquidity situation, ease the financing and reduce the rate of loans, but there is a need to reduce the GST on vehicles from 5% to 5%, said a spokeswoman for a two-wheelers production company. Two wheelers are not a luxury vehicle. He claimed that the demand would be increased immediately if the two wheelers were to reduce GST by 5%. He hoped that the industry would meet this demand in the next step. There is no special relief for two-wheelers or three-wheelers. It would be exaggerated to say that the measures announced would increase consumer demand, said a dealer in one-wheelers company. Despite the Finance Minister announcing various measures to improve ...

Mumbai, Ta. August 29, 2019, Thursday India's current recession may be cyclical (like a cycle of bullishness) but urgent reforms are needed to overcome deep structural problems, the Reserve Bank said in its annual report. As the financial year 3-5 passes, the macroeconomic environment becomes unstable and financial markets are experiencing significant volatility. The current downturn in the economy may be a moderate one that can be transformed into a cyclical downturn and not in a deep dark recession. However, groundbreaking issues in areas such as land, labor, agricultural marketing are still being seen which need to be taken up, the report also noted. While it is difficult to diagnose and difficult to distinguish clearly, some areas are experiencing widespread cyclical decline. These areas mainly include manufacturing, hotels, construction and agriculture. The report also said that the challenges in these areas will have to be taken to achieve comprehensive progress.

Ahmedabad. August 29, 2019, Thursday Regulations announced by the market regulator SEBI last June for the use of client's securities and funds will come into force from September 7. Since SEBI has not granted any concession on the implementation of the regulation so far, brokers will have to take up all the unpaid positions by clients till August 8, which will likely result in market pressure for the next two days. New rules regarding client securities and fund use by brokerage houses will go into effect from September 1st. According to these rules, shares in the trading member (TM) or clearing member (CM) in the client collateral account, client margin trading securities account and client unpaid securities account will not be allowed to transmit such shares to banks or NBFCs to raise funds. General Chat Chat Lounge In addition to raising working capital, brokers will also have to take a position where the client's securities are pledged to banks or non-banking financial c...

(Gujarat News Office) Mumbai, Ta. August 29, 2019, Thursday Gold prices closed lower today at the Mumbai jewelery market. Silver prices were up. In the Ahmedabad market, silver prices touched a high of Rs 6,000 per kg. In the Ahmedabad market, gold prices were hiked by 6 grams to Rs 5 and Rs 5 to Rs 5. In the global market today, gold prices fell to $ 5 in the evening, while the price fell to $ 5. In the currency market today, the dollar closed at Rs. 5.7 with an open high of Rs. 1.1, and then closed at Rs. Meanwhile, the British pound prices were down 5 paise today to Rs. While the euro prices were up by 5 paise to Rs. Meanwhile, silver prices in the Delhi jewelery market today rose by more than Rs. While there were reports of silver coins (3) rising from Rs 1 lakh to Rs 1 lakh today, the price was Rs. In the global market today, silver prices fell by $ 5 a barrel higher, while the price was lower at $ 8 in the evening. In the global market, forecasters were showing the possibili...

Mumbai, Ta. August 29, 2019, Thursday Various analysts have been closely monitoring the signs of stress on India's retail loans after unemployment in the country rose to a five-year high. Compared to other economies in the world, India's lenders are facing the highest levels of bad debt. The problem of India's lenders' bad loans is concentrated in excessive corporate debt, and lenders have long considered retail loans to be secured loans. Banks view retail loans as one of growth. Analysts are seeing the potential for risks, as the economy is slumping and credit from non-banking finance companies is declining. However, the number of outstanding personal loans is currently very modest. Retail loans are causing stress, said a rating agency analyst. Whether these loans will default in large quantities depends on how the economy is shaped here. Last week, the government announced several steps to tackle the slowdown in the country's economy, especially in the auto s...

New delhi date. August 29, 2019, Thursday The country's economic slowdown is slowing down. The Reserve Bank's figures are also saying that the slowdown has hit the country's economy. Worryingly, investment in the private sector, along with government investment, is declining. According to the Center for Monitoring Indian Economy, public sector investment in the December quarter of 2018-19 was at the lowest level in 14 years and only Rs 50,604 crore was announced. In cases where the government wants to reduce the fiscal deficit, it is unlikely that the government will invest more in the near future. Because, the government's tax revenue has also fallen to 6.9 per cent of GDP. Tax revenues were 7.3 percent of GDP in 2010-11. Investment in the private sector is also declining. According to the Reserve Bank data, the proportion of loans provided by banks to industries was 24% of GDP in 2010. Which is currently only 6.9 percent. Which means, even enterprises are not show...

(Gujarat News Representative) Mumbai, Ta. August 28, 2019, Wednesday The rise came three days after the central government announced a stimulus-driven economic stimulus package with the withdrawal of surcharges on Foreign Portfolio Investors (FPIs) last weekend, after rising three days in a row with all-round short cover in stocks. The fears of a global economic downturn against the economic package have caused the fund to rebound in stocks today. Before the end of the August trend in the derivatives, the fund was today shocked by the speculation. Despite the US-China trade war over the past week, US President Donald Trump yesterday reiterated the possibility of an agreement with China, and even with the US indicating that the deal with Iran, Iran is ready to come forward to discuss the possibility of removing its economic sanctions on itself. Uncertainty has led to a slowdown in global markets today as Indian stock markets decline I said. Sensex fell 5 points to close at 5 and Nifty...

Mumbai, Ta. August 28, 2019, Wednesday Mumbai oil-seeds market today increased prices of palmetto. At Palmetel, the delivery from September 1 to September 8 was around 5 to 5 tonnes, along with the delivery of Rs 1 to 5 mahwala resale and refinery direct delivery. Havala-resale prices were today hiked by Rs 5 per kg and JNPT at Rs 5. The prices of crude palm oil CPO Kandla, however, remained at Rs 5. While CPO futures prices were Rs. 6 in the evening, the price was Rs. 5.6, while soyatel futures prices were at Rs. World market news was encouraging. In Malaysia, today's futures futures were finally closed at 1, 2, 3 and 5 points plus the price of palm products remained two and a half dollars soft. Meanwhile, Chicago soybean futures overnight in the US were 5 to 6 points softer, while prices remained at two points plus in the evening. In the overnight news, soybean futures were 5 to 5 points soft while soybean futures remained 3 to 3 points minus. New York Cotton futures overnigh...

Unjha, Ta. August 28, 2019, Wednesday The Ganj Dam Allan has announced its support today to traders in North Gujarat in the wake of a trade boycott given to them since September 1, in protest of two percent TDS from Unza Market Yard traders. Meanwhile, the traders of Saurashtra's six market yards called a meeting with immediate effect on Thursday, and positive feedback has come out to support their fight. Despite the sluggishness of the trades in the current monsoon season in Unza Market Yard, the daily average daily tens of crores of business will be stalled due to the closure announcement from September 1st. Traders from around 3 to 5 market yards in north Gujarat today have expressed their support for the fight of Unza traders in the meeting held in protest against two per cent TDS on over one crore cash. Atulbhai Emani, president of the Traders' Association of about five market yards in Saurashtra, also called for an immediate meeting on Thursday and Unjha's traders...

Mumbai, Ta. August 28, 2019, Wednesday A rating agency has lowered the country's economic growth estimate for the current fiscal year from 8.5 percent to 8.5 percent, stating that relief measures announced by the government last week to fuel the country's economy would not help. However, India ratings say the government can limit its fiscal deficit to 5.5 percent of GDP. Despite the payment by the RBI to the government, the government has not had enough financial concessions which it can mobilize for fiscal incentives. The Reserve Bank has announced a dividend payment of Rs 5.5 trillion to the government for the current fiscal year. The government plans to use the majority of this money received from the RBI to compensate for the tax revenue gap. India is currently facing cyclical and fundamental challenges. Real estate is going through a bad time, home savings are falling, the private sector is currently struggling to survive the economy by investing alone for the governm...

Mumbai, Ta. August 28, 2019, Wednesday The committee, which has been set up to study the amendments to the Income Tax Act, estimated at 4 years old, has recommended maintaining long-term capital gains tax (LTCG) and securities transaction taxes (STTs) and eliminating dividend distribution taxes (DDTs). The committee has suggested a tax levy from the person receiving the dividend, sources said. If the DDT withdrawal proposal is approved, it will solve many taxation problems and bring down the effective rate of tax on companies. The highest rate of effective taxation on our companies in the world. An eight-member committee on the Direct Tax Code (DTC) submitted its report to the finance minister last week. The committee has recommended a series of amendments to the personal income tax to increase taxation obligations and make higher tax levels of 20 percent and 9 percent practical. The LTCG, which was introduced in last year's budget, is being demanded by the country's stock...

Mumbai, Ta. August 28, 2019, Wednesday In the proceedings against black money deposited by Indian banks in foreign banks, the country's tax authorities have so far been able to capture only Rs 5 crore of unaccounted income from Indians. The holders here, who are currently under the aegis of the tax authorities and whose names have sprung up in the HSBC listing and in the Panama and Paradise papers, have invested in various Swiss banks and foreign companies. On June 7, the Central Board of Direct Taxes (CBDT) submitted the details of its investigation to the Special Investigation Team (SIT) appointed to investigate the case, the source said. Of the 5 persons in the Paradise Papers, out of which 5 were involved, there were 5 cases against which no work could be taken. In six cases where the action could be taken, the income tax authorities were seized unaccounted income of Rs 5 crore. In 4 cases of HSBC Bank Geneva, a hidden income of Rs 5 crore was seized and tax was levied on ...

(Gujarat News Office) Mumbai, Ta. August 28, 2019, Wednesday In the jewelery market today, a new record was set for the gold price shock. Silver also spurred. In Ahmedabad, gold prices today rose to a new high of Rs 5 per gram at a high of Rs 5 and Rs 5 a barrel. Meanwhile, silver in Ahmedabad rose to a new high of Rs. In the global market, precious metals rose sharply, while domestic demand in the domestic currency market rose against the rupee today. In the currency market today, the dollar opened at Rs. Dollar prices were hiked by 5 paise today, while British pound prices fell by 2 paise to 7.8. While the euro prices were up by 8 paise, it was Rs. In the global market today, gold prices rose by $ 5 to $ 6 a barrel. In the Mumbai market, gold prices today closed at Rs 5 with a Gram of 5 grams, while the price of Rs 5 closed at Rs 5, while the price with GST remained at 5% higher. Meanwhile, silver in the Mumbai market today closed at Rs 5 per kg without the GST of kilos, and in ...

New delhi date. 28. Wednesday, August 2019 ATMs have now become an integral part of people's lives. However, with it now the cases of frauds from ATMs have increased. As part of this, a new rule has now been implemented by Canara Bank of the government. According to the customer, if the customer has to withdraw more than Rs. It is believed that other banks may also follow the Canara Bank mandatory OTP in ATMs. The Delhi State Level Banker Committee has also suggested that a period of 6 to 12 hours should be kept between the two ATM transactions in order to prevent ATM depreciation. These are also being considered. In 2018-19, 980 ATM fraud cases came from all over the country.

(Gujarat News Representative) Mumbai, Ta. August 27, 2019, Tuesday The decision by the Reserve Bank of India to transfer Rs 1.5 lakh crore from its reserve to the central government is expected to improve the government's economic position and finance minister Nirmala Sitaram (FPI Investors on Stimulus and Foreign Portfolio Investors) given to industries to boost the economy last weekend. Deciding to withdraw and between America-China In the wake of the trade war, Trump issued a bullish third day in Indian consulates yesterday, following an aggressive boom in the stock market yesterday, prompting a statement indicating an agreement between the two countries. Local funds-mutual funds bought stocks aggressively despite the speculators in the market before the futures and options (F&O) markets expected to end on Thursday. The Reserve Bank of India expects to improve the economic situation through this Rs 1.8 lakh crore fund and further incentives of the industry following the re...

Mumbai, Ta. August 27, 2019, Tuesday New demand for the Mumbai oil-seeds market was slow today. In India, Nepal and Bangladesh have found a growing demand for import of edible oils without duty, with imports increasing from 1 to 3 thousand tonnes on average on a monthly basis. There is a demand for the government to take immediate action on this question. Domestic refineries have been hit hard by such imports. At Havala-resale, Paltel, weighed between 5 and 5 tonnes. In the futures market, prices remained soft with headlines rising. The world market news was also showing a boom sale. In Malaysia, Palmet's futures were finally closed at 5, 6, 6 and 5 points while palm product prices were reported at $ 5 a barrel. Meanwhile, Chicago soybean futures in the US overnight remained 5 to 5 points softer, but today the projection was 5 to 5 points lower. Meanwhile, soybean futures overnight remained at 5 to 5 points plus soybean futures overnight rose 5 to 5 points. However, New York Cot...

Mumbai, Ta. August 27, 2019, Tuesday Jewelry retailers are seeing an impact on retail prices due to the continued rise in gold prices. As the US-China trade war and economic downturn have led to a steady rise in gold prices, investors are turning to gold in the global market. Due to global high prices, the domestic market has surpassed Rs 5 per gram of gold. Gold prices have seen a steady rise since May of this year. Retail consumers are buying only when the need is high, sources in the local jewelery market said. Retail investors are currently postponing the purchase of gold, especially coins. If prices remain so high, demand may be affected in the coming festive season, sources said. Whatever is currently purchased for gold, the need is being fulfilled for occasions like weddings. Sales of jewelery have declined by 5% in the current year compared to the period from May to August last year, market circles say. Jewelers are experiencing a 2 to 4 percent decline in the sale of gol...

New delhi date. August 27, 2019, Tuesday The government has submitted a demand to the auto LPG organization to reduce the GST rate on LPG used as fuel in vehicles. Indian Auto LPG Coalition, an association of auto LPG, said that control of LPG should be increased to maintain pollution control. Thus, the cost of LPG is lower as compared to petrol and diesel. LPG is just as pure fuel as CNG. It also saves on fuel costs. It is currently consumed in 5% of the world's countries. CNG is also used as automobile fuel in countries like Iran, India. To increase awareness of LPG in people and to help keep the environment clean, the government should reduce the current levy on auto LPG by 5% instead of the high GST rate. The organization has informed the Finance Minister and the GST Council in writing. Apart from this, the current GST kit for auto LPG gas is charged as high as 5%. It has also been introduced by the organization to reduce it to five percent.

Mumbai, Ta. August 27, 2019, Tuesday Gold prices in the Mumbai jewelery market today fell to a record high. However, silver recovered in the evening after falling sharply. In the Ahmedabad market, gold prices today fell by 5 grams to Rs 5 and Rs 5 to Rs 5. Silver prices were up by Rs 8 per kg to Rs 1,000. In the global market today, gold prices were higher at $ 8.25 and the lowest was $ 4.3. There were reports of gold-funded re-entry into the global market following the fall of the dollar index against various currencies in the world market. In the currency market of Mumbai, dollar rupees against the rupee today. According to China, China has not made a call to the United States to meet on trade. Following this statement, there was news again that there was uncertainty in the world market over the trade agreement between China and the US. And in the wake of this, there was a sharp decline in gold in the world market. Meanwhile, in the Mumbai market today, the dollar price closed a...