Market and Business News

New delhi date. 31 December 2020, Thursday The government is concerned that the target of raising Rs 2.10 lakh crore through disinvestment in the current financial year is unlikely to be achieved. Out of Rs 2.10 lakh crore, Rs 20,000 crore was planned to be raised through the sale of some stake in LIC and IDBI Bank, which is doubtful to be achieved in the current year. Despite the boom in the country's stock markets during the Corona era, the government does not appear to be able to meet its disinvestment target, which is surprising, an analyst said. In the year 2020, the BSE Sensex has closed with a growth of 12%. The government has failed to take advantage of high valuations. The government also intends to reduce its stake in Air India, BPCL in the current financial year. Which does not seem possible at present. Due to political hurdles and lack of response to sales at the beginning of the financial year, the central government has not been able to aggressively pursue the di

(By commercial representative) Mumbai, Ta. 31 December 2020, Thursday While the coronavirus has stunted the country's economic growth in 2020, it has provided huge returns to gold and silver investors in the departing year. In the Mumbai jewelery market, gold has earned an annual return of Rs 10,200 per ten grams and silver Rs 30,200 per kg. Corona led to safe haven buying in gold amid economic uncertainty. The rise in global markets has led to a rise in domestic precious metal prices. Gold has lost ડો 50 an ounce a year in world markets. Silver rose more than ડો 11 an ounce. On the last day of 2013, the price of gold per ten grams was higher at Rs 10,200 today. Silver also closed higher by Rs 30,600 per kg on an annual basis. In the global market, gold rose from ૮ 1,305 an ounce to ૮૯૫ 16 a year and silver rose from 18.5 an ounce to ૨૬ 2.50 an ounce. The global market has seen a boom in one year as a result of fund-safe Safe Haven Buying. In the domestic currency market, the do

Beijing, Ta. 31 December 2020, Thursday Growth in China's manufacturing sector slowed in December but China leads the manufacturing sector compared to other major countries. China's Purchasing Managers' Index (PMI) for the manufacturing sector, which stood at 7.10 in November, fell to 31.30 in December. A score above 50 is called an extension of that area. China's manufacturing sector has recovered sharply as a result of strong export orders following the Corona virus shock. But in the West, the corona has led to renewed austerity measures in China's major trading partners, and new cases within China have also affected demand for industrial products, the PMI report said. The PMI focuses more on the figures of large and government companies. In China, the sub-index for small business activities, which stood at 30.10 in November, fell to 8.30 in December. The sub-index for employment stood at 7.50, up from 2.30 in November. China's economic growth rate is expe

(Gujarat News Office), Mumbai, Ta. 31 December 2020, Thursday The Mumbai Oil and Seed Market witnessed a bullish trend in the spot and futures market today on the last day of the year 2020. The prices of various domestic and imported edible oils were present. World market news was also showing a rebound. In the Mumbai market, palm oil was traded at around Rs 1,050 per 10 kg for January delivery today, while soyoil traded at around Rs 1,250 per 200 tonnes for January delivery. Palm oil, meanwhile, was rumored to be priced between Rs 105 and Rs 105 for February delivery. In Malaysia, palm oil futures rose 19 points today, but palm oil prices fell by જોકે 5. In the US agricultural markets, soybean prices rose by 3 points, soyoil by 12 points, soyoil by 4 points and cotton by 4 points in the overnight trade. Meanwhile, the government was watching the announcement of the tariff value of imported edible oils at the time of writing. Market experts were pointing out the possibility of suc

Mumbai, Ta. 31 December 2020, Thursday The money raised through the Reserve Bank's Targeted Long-Term Repo Fund for small and medium-sized non-banking financial companies (NBFCs) has been found to provide a fairly secure voice to borrowers. Due to this attitude of the banks, it is seen that this window has not benefited as it should have. More than 80 per cent of the money received through this window has been invested by banks in NBFCs with AAA ratings. NBFCs with a top rating usually do not need financial assistance from a bank or the Reserve Bank as they can easily get funds from the market. One of the analysts said that the scheme did not meet the objective of providing more NBFCs with higher ratings to banks in excess of the money raised from the Reserve Bank's special funds. Through this fund, the Reserve Bank provided Rs 1.19 trillion to banks. Out of this fund, banks have disbursed 40.50 per cent of the disbursed funds to NBFCs with AAA rating. NBFCs with BBB and

New delhi date. 31 December 2020, Thursday Due to the Corona outbreak and lockdown, the loan moratorium will have an adverse effect on banks in the near future, according to the annual report released by the Reserve Bank on the faulty banking system. According to the report, NPAs of Indian banks fell to 6.5 per cent during the September quarter. But on the other side of this reality, Corona as well as Lone Moratorium will have an adverse effect on banks in the near future. These two issues are likely to worsen the NPA's position. The loan moratorium introduced during the lockdown benefited 30 per cent of the bank's total borrowers. This activity will adversely affect the banks in the near future. At present, the real situation of NPAs is not seen in the accounts of banks. Even the impact of the Corona epidemic is yet to be seen on these figures. Some banks have said that Corona could increase the gross NPA of banks from 0.10 per cent to 0.5 per cent. Thus, given these est

(Gujarat News Correspondent) Mumbai, Ta. 31 December 2020, Thursday The calendar year 2020 has come to a record high. Foreign portfolio investors-FPIs stocks continued to buy today, the Nifty crossed the 18,000 mark at the beginning of the day, setting a new history of 19,08.9. With this, the Sensex made history with a new high of 7.5. While the development of vaccines to combat the world-shaking corona virus has been successful, on the one hand, the corona virus has taken on a new form in the UK. Cases are also on the rise in India with worrisome situations in countries including India, though foreign funds continued to buy stocks in India in anticipation of more stimulus measures in the coming days and large reliefs in the central budget. Banking-Finance, Pharmaceuticals-Healthcare stocks along with Automobile, Metal-Mining, IT stocks rose by 2.11 points to close at a new all-time high of 41.8 and the Nifty closed at 1. Sensex rises 5 points to close at new highs of 21 Trading st

New Delhi, 31 December 2020 Thursday The Modi government has extended the last date for filing GST returns for the financial year 2019-20 for 2 months, till now the last date was 31 December 2020, but now it has been extended to 28 February 2021, the business and tax consultant requested the Modi government Corona is causing a lot of problems, which has led to an extension of the deadline for filing GST returns. The Income-tax department extended the deadline for filing ITRs on December 30, extending the deadline for different categories to different periods, most importantly that people do not have to have their accounts audited to file their ITRs, Filling his return through ITR-1 or ITR-4 form, he has now got relief till 10th January. This is the third time that the Income Tax Department has extended the deadline. Earlier, the Income Tax Department had earlier extended the deadline from July 31 to November 30, then extended it to December 31 and now it has extended it again to J

Beijing, Ta. 21 Mukesh Ambani used to be the richest businessman in Asia, but with the significant increase in the wealth of China's Zhong Shanshan, he has now become the richest businessman in Asia. Zong Shanshan, a Chinese businessman known as the Water King and now in the vaccine business, has seen a significant increase in his wealth in just one year. Zong's net worth rose from ૮ 20.5 billion to ૮ 4.5 billion at the end of the year. At the same time, Zhong Shanshan became the richest businessman in Asia. Zong Shanshan surpassed Mukesh Ambani in the Bloomberg Billionaire Index. Mukesh Ambani was ranked 14th with a net worth of 4.5 billion. Zhong Shanshan was ranked 11th on the Bloomberg index with a fortune of ૭૭ 4.5 billion. Zhong Shanshan had recently become China's richest businessman. Earlier, Alibaba founder Jack Ma was China's richest businessman. Jack Mani has a net worth of 21 billion and is the 7th richest businessman in the world. Jeff Bezos remains t

New Delhi, 31 December 2020 Thursday The success of the global vaccine front has boosted hopes of a global economic recovery, with investors increasing their investments in risky assets such as gold to equities over the past few months. Gold is expected to rebound in the first three months of 2021, as gold seems to have touched its lowest level in the last month. Gold has fallen 10 per cent from an all-time high following positive news ahead of the Covid-19 vaccine, which has always lived up to investors' expectations. 14.96 per cent in 5 years and 19.75 per cent in three years. According to experts, the price of gold on the MCX could go up to Rs 62,000 to Rs 65,000 per 10 grams. And inflation is rising.

(Gujarat News Correspondent) Mumbai, Ta. 30 December 2020, Wednesday Before the end of the December trend in calendar year 2020 and derivatives on Thursday, the funds pushed the stock to a record high for the second day in a row today. Automobiles, consumer durables and metal-mining stocks played a key role in the rally today. IT stocks had modest profit bookings. Foreign portfolio investors maintained their buying in stocks till the end of 2020 and made big purchases even today. On the global front, the new form of Corona and the lockdown is expected to weigh heavily on the global economy and the current situation is challenging for the Indian economy. More stimulus measures are expected by various countries in the coming days. Was. The rise in banking-finance stocks took an overall break today. Auto, consumer durables and metal-mining stocks gained 17.15 points to close at a new all-time high of 19.31 points and the Nifty spot rose 2.6 points to close at a new all-time high of 19,2

(Gujarat News Office), Mumbai, Ta. 30 December 2020, Wednesday In the Mumbai oilseeds market, cingulum oil prices remained soft behind the stations today while prices of various imported edible oils were quoted higher. New demand was slow in the Mumbai market today and scattered trades at imported palm oil for hawala-resale at Rs 105 per 10 kg for delivery from January 1 to 10. The new trades of direct delivery refineries were wings. World market news showed mixed moves. In Argentina, meanwhile, there have been indications that workers in the oil industry and the market have been on strike for the past 20 to 21 days. However, market experts said today that soybean oil shortages are likely to continue in India for a long time to come as crushing will begin and oil will be produced and overseas shipments of oil are likely to take place. In the global market, palm oil futures rose by 3 points in Malaysia today as palm product prices rose by ૫ 2.50 to ૫ 2.50. According to world market

(By commercial representative) Mumbai, Ta. 30 December 2020, Wednesday The rupee strengthened against the dollar in early trade, pushing gold prices lower in the Mumbai market. Silver remained stable. With one day to go before the end of the calendar year 2020, the price of precious metals in the world market has been fluctuating narrowly. The UK saw a slow improvement in crude oil allowing Oxford vaccines. At the end of the year, the cryptocurrency Bitcoin hit a new record high of 500. At home, the GST-free price of 10 grams of gold in the Mumbai market, which was Rs 4 yesterday, was slightly lower at Rs 21. The price of 3.50 had fallen from Rs. Prices were three per cent higher with GST. Silver. The price of one kg of GST excluding GST was Rs. Silver was seen above Rs. Prices were quoted three per cent higher with GST. Ahmedabad silver fell by Rs 200 to Rs 200. Gold fell by Rs 100 to Rs 31,600 per ten grams at Rs 2.50 and Rs 21,300 to Rs 9.50 per ten grams. Gold was quoted at ૮૭

Mumbai, Ta. 30 December 2020, Wednesday Kerry's arrival in 2021 is likely to be delayed as a result of the change in weather conditions in Maharashtra. It is learned that the cycle of peacock (flower) sitting on the mango tree has been disrupted due to weather disturbances. Maharashtra's Hafus Kerry's revenue usually starts from early March. But this year, only five per cent of the trees in Maharashtra's Ratnagiri, Raigad, Sindhudurg, Thane and Palghar districts are flowering, which could delay mango revenue. Twenty percent of the trees begin to bloom by December, but this year the flowering has slowed down due to climate change. In the year 2020, heavy rains fell on the Konkan belt and continued for a long time. The monsoon was withdrawn two weeks late. The flower on the mango tree needs more warm climate. According to a horticulture scientist, the evaporation of water in the soil was not completed in October 2020 when the heat did not fall so much. In addition,

New delhi date. 30 December 2020, Wednesday The June and September quarters saw favorable corporate conditions due to the adverse effects of the epidemic. On the other hand, in the midst of the epidemic, companies have seen a significant increase of 114 per cent in total capital (equity) raised in the year 2020. If we look at the recently released data, in 2020, companies will have to spend Rs. 1.5 lakh crore was raised. In the last year of 2017, this figure was Rs. 2.31 crore. Thus, a huge increase of 114 per cent has been seen in this amount. However, earlier in the year 2016, the companies had spent Rs. 1.5 lakh roads were constructed. Which is by far the highest fund raised by companies. Companies had success in IPOs during the year. At the same time, the listing gain for investors in IPOs rose to 7.5 per cent. Which was earlier 7.5 per cent in 2016. Favorable picture was also seen on the front of private equity and venture capital during the proposed period. During the year,

Mumbai, Ta. 30 December 2020, Wednesday While the Corona epidemic has affected most of the government's revenue through taxes, the collection of Securities Transactions Tax (STT) levied on capital market transactions has increased by 3 per cent. According to the Central Board of Direct Taxes (CBDT), Rs 10,608 crore was collected through STT during April-December of the current financial year as against Rs 4 crore in the same period last year. In addition, the commodity transaction tax (CTT) figure has been around Rs 3 crore. The government has set a target of Rs 15,000 crore through STT for the current financial year but the recovery figure is expected to be higher than the target by the end of the year. The recovery in STTs has been high due to the sharp rise in trading volume in the country's stock markets. Corona has seen a decline in government revenues through GST, corporate taxes and other taxes due to the economic downturn.

Mumbai, Ta. 30 December 2020, Wednesday In the calendar year 2020, private equity / venture capital (PE / VC) investments in the country from China and Hong Kong have declined sharply by as much as 3 per cent. In the current calendar year, PE / VC investments from these two countries stood at ૯૫ 2.50 billion, compared to 2.50 billion in 2016, according to the data. Investments in China were down 3 per cent at ૩૭ 2.6 billion, while those in Hong Kong were down 9 per cent at 2.6 billion. As many as 150 applications for investment from Chinese companies are pending after the Indian government introduced a new rule for FDI in April, government sources said. Investments are declining due to uncertainty over who will be included in the new FDI rules and beneficiary ownership. The new FDI rules are making it difficult for start-ups in the country to get investments from China and Hong Kong. According to the new FDI rules, investments from countries bordering India have to be made through

Mumbai, Ta. 30 December 2020, Wednesday The ratio of gross non-performing assets (NPAs) in the country's urban co-operative banks (UCBs) increased to 10.50 per cent in FY20 from 5.50 per cent in FY16. At the end of FY2017, the NPA figure in UCB stood at Rs 304 crore, but by the end of FY2030, it had risen to Rs 4,010 crore. Net NPA has risen from 8.50 per cent to 8.10 per cent. In terms of viability, the number of such low-ranking banks in the D category increased at the end of last financial year, according to a report by the Reserve Bank. Failed assets at UCB with poor management have been instrumental in increasing stress. The crisis in banks like PMC is also responsible for the high number of NPAs, the report said. The government has given more powers to the Reserve Bank earlier this year to increase oversight of the UCB. The provisioning rate against weak loans has come down to 20.50 per cent in the last financial year from 8.50 per cent in the previous financial year. Ba

(Gujarat News Correspondent) Mumbai, Ta. 29 December 2020, Tuesday In the calendar year 2020, the Indian stock markets continued to be hit by the Twenty20, with new purchases being set today by Foreign Portfolio Investors (FPIs). In the current week of the December trend in derivatives, the funds called for an expected index-based reversal with an aggressive rally before the end on Thursday. Funds in IT-Software Services stocks rallied today, with a steady rise in funds in banking-finance stocks. Of course, profit-booking in metal-mining, automobile and oil-gas stocks sent shockwaves through the intra-day market. Lastly, the rise in banking-finance stocks as well as IT stocks set a new record. The funds finally rallied in anticipation of a number of incentives being announced by the central government in the next budget and new incentives. At the end of the day, the Sensex was up 2.3 points at 314.05 and the Nifty spot was up 3.50 points at a new all-time high of 31,9.50. The US doll

(Gujarat News Office), Mumbai, Ta. 29 December 2020, Tuesday In the Mumbai oilseeds market, there was fresh demand today and scattered trades in imported palm oil in hawala resale. In the spot and futures markets, prices of various domestic and imported edible oils were seen fluctuating narrowly today. At the time of writing, world market players were watching a meeting between government and labor representatives in Argentina to discuss a solution to the ongoing labor strike in the agricultural and export sectors. The meeting saw a drop in prices in the US agricultural markets amid hopes of a settlement. In the US agricultural markets, soybean prices fell by 3 points in the overtime trade, while soyoil prices fell by 12 points and soymeal prices by 14 points. However, cotton prices rose by 12 points. Meanwhile, soyoil prices were projected to soften by 15 to 18 points this evening. Palm oil futures in Malaysia, however, rose by seven points to ૨ 2.50 to ત્યાં 2.50. World palm oi

(By commercial representative) Mumbai, Ta. 29 December 2020, Tuesday At home, gold and silver prices rose on Monday. Both the precious metals saw a modest decline in prices. However the world market saw firmness in prices. The dollar index has fallen 3 percent this year. The dollar index has become bearish and the current short position is the highest since 2011, indicating a weakening dollar in the coming year. Crude oil prices saw a modest improvement. At home, the gold price in the Mumbai market was Rs 2.50 per ten grams, excluding GST. The price of 2.20 was set at Rs. Prices with GST were quoted three per cent higher. Silver. The price of one kg excluding GST was Rs. After the market closed, prices in the private sector fell further to Rs 200. Prices with GST were quoted three per cent higher. In the Ahmedabad market, gold was quoted at Rs 31,600 per ten grams at Rs 2.50 and Rs 31,800 at Rs 9.50 per ten grams. Silver.2 Rs 200 per kg fell to Rs 200. Gold remained firm in the wo

Mumbai, Ta. 29 December 2020, Tuesday The shortage of containers has made it difficult for the country's textile exporters to deliver goods on time. Export orders have risen sharply after the lockdown was eased but shortage of containers has made it difficult to ship goods, sources in The Cotton Textiles Export Promotion Council said. Sources claimed that it takes more than two weeks to get the containers for export, due to which the goods could not be shipped as per the terms and conditions of the agreement with the importers. The cancellation is likely to continue, the sources added. If the shortage of containers is not addressed in time, the country's textile exports are at risk of being hit. Textile exports have also declined in the current year due to Corona. The corona has affected the movement of containers, disrupting the maths of imports in world trade.

Mumbai, Ta. 29 December 2020, Tuesday The impact of India's lifting of the export ban on onions was felt in Pakistan. Within an hour of India's decision, onion prices in Pakistan fell by ૫ 150 per tonne to ૩ 200. China's onion prices were also expected to fall. The Indian Ministry of Commerce on Monday issued a notification lifting the ban on onion exports from January 1. The government had banned onion exports three-and-a-half months ago after the rise in onion prices in the country. However, onion prices fell sharply after Diwali as new onion arrivals started. Nashik in Maharashtra is the main producer of onion in the country. Onion prices have come down to Rs 15-20 per kg recently. In the export market, the price of Indian onion is expected to touch ૩૭૫ 4 to ૪ 500 per tonne. China's onion export market, which is quoted at 500, is also likely to see a decline. "Onion prices will not go up significantly in retail given the huge domestic revenue of onions, bu

New delhi date. 29 December 2020, Tuesday The meeting between the Reserve Bank and the Finance Ministry was suggested to continue the enthusiasm of the banks for various loans during the recently concluded festive season. The central bank said the growth in bank lending was stagnant, which was a matter of concern. Despite the best efforts by the government and the Reserve Bank after the lockdown, businesses have been reluctant to take out new loans as well as personal loans on an individual basis. During the festive season in October this year, home loans, auto loans as well as loans taken by industries stood at 4.5 per cent, but the loan disbursement declined by 0.2 per cent during April-October. Out of the various sectors, only the agricultural sector showed a satisfactory attitude towards the issue of loans. Thus, banks should not be lax in lending to various industries, the meeting said. Looking at the performance of loans in October over the festive season, loans taken by in

Mumbai, Ta. 29 December 2020, Tuesday The number of borrowers taking advantage of the moratorium did not decrease significantly over time. The RBI had provided a six-month moratorium on EMIs from March 1 to August 31 to provide relief to borrowers who were under stress due to Corona. In the early days of the moratorium, 90% of the borrowers took advantage of the moratorium. At the end of the moratorium on August 31, preliminary figures provided by the Reserve Bank show that 8.50 per cent of the total loans outstanding in the banking system remained under the moratorium. These figures were provided in pursuance of the RTI application. Given the high percentage of moratorium, the number of loan restructuring is also not likely to be high. Out of the total outstanding loans to the public sector, 31.3 per cent were under moratorium as on August 31. For private banks, the figure was 7.5 per cent, according to RBI data. The Reserve Bank had provided moratorium in two phases of three mon

-Ed sent summons and asked to appear today -Sanjay Raut is in an aggressive mood Mumbai / New Delhi on Tuesday 29 December 2020 Varsha, wife of Shiv Sena MP and Shiv Sena spokesperson Sanjay Raut's editor, did not appear before the Enforcement Directorate even today. He had asked for time till January 5. The ED had issued summons to Varsha to inquire into the alleged Punjab and Maharashtra Co-operative Bank scam worth Rs 4,335 crore. The Reserve Bank had suspended all operations of PMC Bank in September last year after details of the scam came to light. The ED then seized Rs 3,830 worth of immovable property owned by Housing Development Infrastructure Limited (HDIL). The ED had issued summons to Varsha Raut three times so far. The rain did not appear at once. On the contrary, Sanjay Raut, while showing an aggressive attitude, said that there is no point in harassing me, remember that I am a very stingy man. Raut believes that he is a member of Shiv Sena and constantly critici

- To settle the affairs of the bank in a timely manner New Delhi, 29 December 2020 Tuesday The Reserve Bank has announced a list of bank holidays in 2021. The most shocking thing was that the banks would be closed for 14 days in January in the first month of the new year. It also included four Sundays and a second-fourth Saturday. In 2021, banks will be closed for a total of 56 days. These 56 days also come on Sundays and Saturdays. Some of these holidays apply to banks across the country while some holidays will be limited to that state. There are five Sundays in January, the second and fourth Saturdays in addition to Republic Day, Capricorn solstice and the rest of the holidays that the state will suffice. However, the RBI said ATMs and mobile phone banking facilities would also be available on holidays. Banks will be closed on New Year's Day on the first day of January. The third is Sunday. The ninth is the second Saturday. The tenth is Sunday. The 14th is the holiday of Ma

(Gujarat News Office), Mumbai, Ta. 28 December 2020, Monday The spot price of various domestic and imported edible oils in the Mumbai Oilseeds market today witnessed two-way fluctuations on the back of rising prices while futures prices rose in the evening. World market news headlines were showing caution. New demand was emerging in the Mumbai market today and scattered trades in imported palm oil were hawala resale. In Indonesia, meanwhile, there was news that the export tax on crude palm oil CPOs had been increased from ૩૩ 3 to ૭૪ 4 per tonne for January. In addition, the government has increased the export demand from ૮ 150 to ૨૨૫ 5, market insiders said. In Malaysia, however, palm oil futures fell by 30 points today, while palm products fell by ૫ 2.50 to ૦૦ 10.00. The fall in palm oil and soyoil prices in China was seen on the Malaysian market today. Total palm oil production in Malaysia, however, declined by 12-13 per cent in the first six days of December, compared to a repor

(Gujarat News Correspondent) Mumbai, Ta. 28 December 2020, Monday The calendar year 2020 has been a historic year for investors in the Indian stock market, despite the economic and health woes of the Corona epidemic. As the end of 2020 draws to a close, the Sensex hit a new high of Rs 2,000 and the Nifty hit a new high of Rs 150 today as foreign portfolio investors (FPIs) continue to buy heavily in the stock market. With the central government taking steps to bring a faster recovery to the Indian economy and now expecting big stimulus in the central budget, the funds maintained a record all-round rally and set new highs. Along with banking-finance stocks, buying in consumer durables, IT-software services, automobile stocks and metal-mining, oil-gas stocks, the Sensex crossed the 2000 level, setting a new history of 206.5 and ending at 20.81 points. The spot closed at a new all-time high of 13,9.30, jumping 13.5 points to a new historic high of 12,9.30. Sensex hits 30 new highs, jump

Mumbai, Ta. 28 December 2020, Monday Corona-affected country's retailers are cautiously optimistic about the year 2021. A survey conducted by the Retailers Association of India (RAI) found that the country's retail trade is improving at a slower pace every month. In November this year, retail sales were down 18 per cent year-on-year. November saw a surge in retail due to Diwali. Sales of consumer durables and electronics grew by 12 per cent, while food and grocery sales grew by 5 per cent. But the apparel and clothing segments declined by 12 per cent year-on-year, the survey said. Diwali and wedding shopping saw a recovery in some retail segments but the absence of foreign tourists is still a negative for the retail trade, a senior official said. Retailers are cautiously optimistic about 2021. However, in the next six months, retail trade is expected to reach 5 per cent of the previous level. The level of recovery varies from region to region.

Mumbai, Ta. 28 December 2020, Monday Bangladesh will reduce its duty on imported rice to curb rising domestic prices. Bangladesh has also decided to import rice from India after a gap of three years to build rice stocks. The import duty on rice in Bangladesh will be reduced from 2.50 per cent to 5 per cent, said Food Minister Sadhan Chandra Majumdar. Increased. Bangladesh is the third largest producer of rice in the world. Bangladesh's annual rice production is around 24 million tonnes. Bangladesh plans to import five lakh tonnes of rice by the end of June, of which 1.5 lakh tonnes will be procured from India.

Mumbai, Ta. 28 December 2020, Monday Delays in the completion of infrastructure projects in the country run the risk of affecting private investment. The report says the pace of completion of infrastructure projects is not commendable as the country is recovering from the Corona crisis today. If employment is to increase in the country, it is necessary to increase private investment in the infrastructure sector, said a spokesperson of a company in the infrastructure sector. According to the data, the cost of more than 30 infrastructure projects worth Rs 150 crore or more has gone up by an estimated Rs 2.5 lakh crore. The Ministry of Statistics and Program Implementation oversees projects costing Rs 150 crore or more. Out of 181 such projects in the country, the cost of 6 projects has increased while 3 projects have expired. Projects have been delayed due to delays in obtaining environmental clearances, delays in land acquisition and lack of infrastructure. In addition, the lockdow

(Gujarat News Office), Mumbai, Ta. 28 December 2020, Monday MUMBAI: Silver prices rose in the gold and silver markets today, while gold prices fell in the evening on the back of higher gains. World market news was showing two-way fluctuations. In the domestic currency market, the dollar depreciated against the rupee today, while the British pound and the euro appreciated. The rupee rose against the dollar in early trade today on record highs in the stock market. Crude oil prices rose in the world market today. There were indications that OPEC and its allies would now meet on January 4. In the Ahmedabad jewelery market, silver prices jumped by Rs 1,000 per kg to Rs 3,000 today, while Ahmedabad gold prices fell by Rs 100 per 10 grams to Rs 31,600 from Rs 2.50 and Rs 21,600 from Rs 4.50. Gold prices in the world market today rose from ૮૮૩ 15 to ૮૮૪ 12 an ounce to a high of ૮૯૯ 15, after which the price fell again to ૮૭૩ 12-13 in the late evening. On the back of gold, global silver als

New delhi date. 28 December 2020, Monday Rs. 150 crore or more for 3 infrastructure projects worth Rs. An increase of Rs 2.5 lakh crore was reported in a report released in November 2020. Ministry of Statistics and Program Implements Rs. It is monitoring 161 projects worth Rs 150 crore or more. According to the report submitted by this organization, out of 181 projects, the cost behind 3 projects has increased. So 4 projects are running later than its scheduled time limit. The actual cost of these 121 projects is Rs. 31,91,6.5 crore, it has now increased to Rs. 4,3,8.5 crore. Thus, Rs. 4,6,6.50 crore, an increase of 20.5 per cent of its original cost. As stated in the November report. J2 projects are running later than its scheduled time frame. Its average end time is 6.15 months. Out of 6, 120 projects are running 1 to 12 months, 12 projects are running 12 to 6 months, 12 projects are running 6 to 20 months and 150 projects are running 21 months and more. Various reasons behind

New Delhi, 27 December 2020 Sunday Consumers have breathed a sigh of relief as government oil companies have not hiked diesel and petrol prices for the 20th day in a row. What are the prices in big cities of the country City Diesel Petrol Delhi 73.87 83.71 Kolkata 77.44 85.19 Mumbai 80.51 90.34 Chennai 79.21 86.51 Prices change every morning at 6 p.m. It may be mentioned here that petrol and diesel prices change at 6 am, new rates come into effect from 6 am, excise duty, dealer commission and other charges are added to petrol and diesel prices, almost doubling the price, along with foreign exchange rates. Petrol and diesel prices fluctuate on a daily basis depending on the price of crude in the international market. Based on these criteria, the rates of petrol and diesel are determined daily by the companies, the dealers are the people who run the petrol pumps, they sell petrol by adding their own commission, the cost is also added to the petrol and diesel rates.

(Gujarat News Correspondent) Mumbai, Ta. 26 December 2020, Saturday While the calendar year 2020 is shaking the world with the Corona epidemic, this year 2020 has also witnessed a historic upheaval for the Indian stock markets. Corona's lockdown resulted in an economic downturn and an earthquake in the stock market in late March 2020. Which has since shown an unprecedented boom in history. The market is in need of an overboat position right now. But last week, the market initially showed an intra-day correction of more than 2,000 points in the Sensex, showing a correction and then rushed to a record rally. Still, in this record high, caution will be needed in buying stocks. With the December trend in futures and options (F&O) in derivatives coming to an end next week, don't be surprised to see index-based turbulent fluctuations next week. Unprecedented historic boom with historic crash Boom caution needed at the end of the year 2020 The Indian stock market plunged to a

(Gujarat News Office), Mumbai, Ta. 26 December 2020, Saturday Prices of various domestic and imported edible oils rose in the Mumbai oilseeds market today. Sunflower oil rose to Rs 1,200 per 10 kg. Castor and castor prices were also higher. Producers reported higher prices for cingulum oil and cotton washed. Meanwhile, the supply of various agricultural commodities, including soybean oil and soybeans, has been disrupted in Argentina due to labor strikes in the oil and oilseeds sector and in the crushing sector. About 150 to 15 steamers are currently stuck in the world market at various ports. Given that India imports mainly soyoil digam from Argentina, there is a shortage of soybean oil at home and prices have skyrocketed. Now the Argentine government has called a meeting on Tuesday to find a solution to the strike and it is now under the watchful eye of oil market players. Soybean oil and soybean prices have risen in the world market. In the Mumbai spot market, soyoil digam was qu

steady ton in (Gujarat News Office), Mumbai, Ta. 26 December 2020, Saturday MUMBAI: The bullion market was officially closed in the gold and silver market on Saturday. In the closed market, however, prices of precious metals were fluctuating narrowly. Following the Christmas holidays and weekends, trade was booming in the world market and there was news that gold and silver prices remained calm in the world market and prices were also stable at home. World gold prices were reportedly hovering around ૮૮૩ 12-13 an ounce over the weekend and silver at ૮૨ 4.5 to ૮૩ 7.5 an ounce. Platinum was at ૨૬ 105 to ૨૭ 105 and palladium was at થી 71 to ૨૩૪૨ 8. In the US, global market players are now watching how talks on Corona's thematic package move forward next week. In Mumbai, meanwhile, gold was trading at Rs 30,000 per 10 grams, excluding GST, and Rs 30,200 per gram, excluding GST, while silver was trading at around Rs 200 to Rs 300 per kg, excluding GST. Prices with GST were three per