Market and Business News

(PTI) New Delhi, Ta. January 31, 2020, Friday The second general budget of the Narendra Modi government's second term will be presented tomorrow. The economic survey reveals that the current slowdown in growth rates is over and GDP is projected to rise between 6.00 and 6.50 percent in FY 2020-21. GDP is projected to be 5% in the current financial year 2019-20. Finance Minister Nirmala Sitharaman submitted an economic survey to Parliament today. It states that the reduction in GDP rates should be seen in conjunction with the cyclical structure of growth. The effects of financial sector problems have also been seen on the real estate sector. The survey said that the government should use the strong mandate it has received to strengthen economic sector reforms. This will help the economy grow strongly in the next financial year. Economic Survey emphasizes wealth creation in the country. Government measures like cheap house construction, Make in India, corporate tax reduction, Is

(Gujarat News Representative) Mumbai, Ta. 31 January 2020, Friday Before the Union Budget was presented on Saturday, the government announced today that by lowering the GDP growth estimates in the Economic Survey and the fiscal deficit also exceeded the full-year Budget Budget in December and this time the Modi government introduced the Make in India Budget for the interests of various industries. - Reports of the possibility that customs duty may be increased again Oee stocks increased hemaringa. In addition, China's corona virus on the global front had a negative impact on estimates of the adverse impact on the global economy due to fear of the virus entering India and spreading the virus to other countries. With the US Federal Reserve justifying its interest rate policy, interest rates remained unchanged and global economic-industrial downturns on the other hand predicted global crude oil prices to drop to $ 5 by Brent crude, with funds taking a major offloading on oil-gas sto

Mumbai, Ta. 31 January 2020, Friday There was a new demand in the Mumbai oil-seeds market today. All eyes were on the budget presented on Saturday. Meanwhile, the news of the world market was softening. In Malaysia, Palmet's futures closed at 5 points today. While Chicago soybean futures in the US fell overnight by 5 points, projections today were 5-7 points softened in the evening. In the spot market in Mumbai today, the price of 4 kg of paltal was Rs 6 per liter of hawala resale and Rs 6 with JNPT. There were no special trades. Meanwhile, according to market sources, prices of nuts from Gujarat have been estimated at about 1 lakh to 3,000 tonnes during the period till January 1, when prices from Rajasthan are estimated to be around 5 lakh to 3 thousand tonnes. Meanwhile, according to the Soybean Processors Association of India, it is not necessary to reduce import duty on domestic imported food items. If this happens, farmers in the country are likely to be adversely affected.

Beijing, Ta. 31 January 2020, Friday In January, activity in China's manufacturing sector declined. The decline in export orders and the spread of coronavirus as a result of the risks posed to the world's second largest economy are affecting the manufacturing sector. The trade war with the United States has eased but the coronavirus poses a new challenge to China. China's January Purchasing Sector Managers' Index (PMI) for January declined to 7.2 from December, according to data released by China's National Bureau of Statistics. The coronavirus has killed more than 3 people in China and imposed widespread restriction on transport services. In addition, strict public health measures have had a serious impact on tourism and retail. The virus is also expected to affect China's economic growth rate. China's GDP fell to a five-year low due to a trade war with the US. While there was no increase in the PMI of the manufacturing sector, some component indicators

(Gujarat News Office) Mumbai, Ta. 31 January 2020, Friday Pre-Budget trade in Mumbai jewelery market today saw a drop in gold prices due to rising headlines while silver prices strengthened. Businesses, however, were slow and the players' eyes were on the budget released on Saturday. Everyone is keeping an eye on whether the import tariff reduces in the budget. At present, import duty on gold has been 5.9% and the total burden of calculating GST of 5% is 8.3%. Gold smuggling has increased recently in the country with high import duty. In such an environment, now the budget will reduce import duty, smuggling will reduce and consumers will get goods at reasonable prices. Meanwhile, gold prices in the world market today fell from $ 8 to $ 8 an ounce. Silver was the news of the rise in the global market, from $ 8 to $ 8. The dollar was down against the rupee today in the Mumbai currency market, while the British pound saw a surge in prices. The British pound is bouncing amid the t

New delhi date. 31 January 2020, Friday Despite India's economic growth rate declining for six consecutive quarters, the BSE Sensex rose seven percent from March to December 1, as the country's stock markets are optimistic about the country's growth, according to an economic survey of 7-8. This shows that the belief that India is becoming a lucrative investment hub is in view as the world's major economies are shrinking and America's monetary policy is softening. Despite declining economic growth rate for six consecutive quarters, the country's stock markets are positive about economic growth prospects, the survey noted. Net FDI and net FPI in the first eight months of the current fiscal year were $ 8.3 billion and $ 8 billion, respectively, higher than the inflows seen during this fiscal year 1-8. During the current financial year, both the Nifty and Sensex have shown record levels. On January 3, the Sensex showed an all-time high-closing surface with 1,

New delhi date. 31 January 2020, Friday The budget presented tomorrow will be the toughest / toughest budget of the last decade, amid a host of challenges on the economy and the economic front. Due to various adverse factors, all the important indicators of the economy have come down and on the other hand new investment is constantly declining. The serious thing about this is that new investments have come in at the bottom of 5 years. On the other hand, the growth of the economy is at the bottom of the decade. Let's take a look at some of the key issues touching the budget this time around ૧. Economy: * 1% of the country's GDP - 3 years at the bottom. * Usage: 5% - 3 years bottom * Only 5% of investment - 3 years at the bottom * Productive activity 3% - 3 years bottom * The growth of the agricultural sector is 8.5 percent - at the bottom of 5 years ૨. High inflation: CPI-inflation rose to 8.5 percent last December. This figure is well above all targets. ૩. Financial

Ahmedabad. 31 January 2020, Friday After all, the market that was eagerly awaited was the budget's tomorrow. The release will take place on February 7. Finance Minister Nirmala Sitharaman will present the first full budget tomorrow after taking over power at the Center. Market analysts and analysts believe that if the budget is not presented tomorrow, the market will lose 5 to 5 percent of its current headline if there are no favorable proposals touching the stock market and the economy. The US-China trade war has continued to hit historic highs in the calendar year of 9, with the Nifty-1 gaining in the calendar year of the continuation of the new takeover by foreign investors. But whether these high headlines will stay in the future depends on budget proposals like other factors. Experts say that the reduction in corporate tax by the government last year has given the companies relief. This did not provide any relief to the market. The budget is expected to be announced tomorr

Mumbai, Ta. 31 January 2020, Friday The next fiscal year's budget is likely to be important in many ways, amid sluggish demand, a weak tax rate, and the economic growth rate of fiscal year 5-7, which is expected to fall to a five-year low with 5 percent. Against this backdrop, the biggest challenge against the finance minister lies in accelerating development and shaping the country's economy. There is increasing pressure on the government to increase spending and control the fiscal deficit for the current fiscal year. Important things in the budget for retail investors include fiscal mathematics, taxation, personal income tax and equity market related taxis, disinvestment plans, and targets for fiscal year 1-3. It will also look at the steps the government is taking to increase economic growth. Now the government has to look into the increase in demand. This requires more money available for consumption in the hands of the consumer. Steps will need to be taken to increase

New Delhi, 31 December 2020 Friday The big relief for the central government has come to the fore on the indirect tax front before the budget, with the total GST collection for January 2020 being Rs 1.1 lakh crore. A few days ago, the government estimated that the total GST collection in January could be 1.15 lakh. The target was fulfilled in November and December as well During the first two months ie November and December 2019, GST collection was increasing by Rs 1 lakh crore, GST collection in November was Rs 1,03,492 crore and in December this figure was Rs 1,03,184 crore. It is worth mentioning here that the GST Collection in April 2019 was the highest at Rs 1,13,865 crore after the implementation of GST in July 2017. The government succeeded in preventing tax evasion Some media reports said that the target of the GST Collection is Rs 1.15 lakh crore, the government was hopeful that the target was attainable, as the government was able to prevent Rs 40,000 crore revenue le

(Gujarat News Representative) Mumbai, Ta. 30 January 2020, Thursday China's deadly corona virus has infected many, affecting many, and spreading to other countries, with more than 4 people being victimized in China. Did the same. In addition to this, the Central Budget, which is set to launch on Saturday, February 7, this time, amid reports of foxes being released on indigenous banks, cautioned foreign funds, sportsmen, and several other stocks to ease the trade. Aside from the opinion of some experts that there is a limit to providing incentives for the central government as a challenging situation for the central government against the expectation of multiple incentives and concessions in the budget, on the one hand, no special concessions are announced in the budget and no major negative provision such as the Accrual Wealth Tax. Some of the fund-market today is skeptical that provision will be made In the foregoing, he did heavy sailing in small, mid cap stocks of his investme

Mumbai, Ta. 30 January 2020, Thursday In the Mumbai oil-seeds market, the prices of domestic edible oils rose today while the prices of imported edible oils were rising again as the prices rose. News of the world market was buoyant. There was a new demand for housing. The eyes of the market players were now on the tariff value used as a benchmark to calculate the import duty on food items announced by the government and then on the budget released on Saturday. According to market analysts, it was likely that the domestic tariff value would be reduced due to the sharp fall in prices of various edible oils in the world market recently. In the Mumbai market today, there was a one-kilogram paltal of hawala resale at Rs 5, while JNPT was at Rs 5. There were between 5 and 8 tonnes of trades. Meanwhile, direct delivery prices of refineries were talking as high as Rs. The price of crude palm oil CPO Kandla was Rs. In the futures market today, CPO prices were lower at Rs. 5 and higher by R

Washington, Ta. 30 January 2020, Thursday At the end of the policy meeting, the US Federal Reserve has decided to keep the main interest rate unchanged. The federal decision has come amid strong job markets and expectations of a sustained growth rate. "The rise in employment is strong and the unemployment rate is significantly lower," said Federal Reserve Chairman Jerome Powell in a conversation with meeting ministers. The Federal Committee on Policy Determination has maintained interest rates in the range of 5.5 percent to 8.5 percent. He said the current interest rate was justified in supporting the expansion of the country's economic activity. The recent outbreak of coronavirus in China has left the US economy in the outlook of uncertainty. Coronavirus poses a threat to deepening depression in China. The Fed has not released any new guidelines on its current practice of buying US Treasury bills worth $ 1 billion a month to ensure that liquidity is maintained in ban

Mumbai, Ta. 30 January 2020, Thursday In the Mumbai oil-seeds market, the prices of domestic edible oils rose today while the prices of imported edible oils were rising again as the prices rose. News of the world market was buoyant. There was a new demand for housing. The eyes of the market players were now on the tariff value used as a benchmark to calculate the import duty on food items announced by the government and then on the budget released on Saturday. According to market analysts, it was likely that the domestic tariff value would be reduced due to the sharp fall in prices of various edible oils in the world market recently. In the Mumbai market today, there was a one-kilogram paltal of hawala resale at Rs 5, while JNPT was at Rs 5. There were between 5 and 8 tonnes of trades. Meanwhile, direct delivery prices of refineries were talking as high as Rs. The price of crude palm oil CPO Kandla was Rs. In the futures market today, CPO prices were lower at Rs. 5 and higher by R

Mumbai, Ta. 30 January 2020, Thursday In the Mumbai oil-seeds market, the prices of domestic edible oils rose today while the prices of imported edible oils were rising again as the prices rose. News of the world market was buoyant. There was a new demand for housing. The eyes of the market players were now on the tariff value used as a benchmark to calculate the import duty on food items announced by the government and then on the budget released on Saturday. According to market analysts, it was likely that the domestic tariff value would be reduced due to the sharp fall in prices of various edible oils in the world market recently. In the Mumbai market today, there was a one-kilogram paltal of hawala resale at Rs 5, while JNPT was at Rs 5. There were between 5 and 8 tonnes of trades. Meanwhile, direct delivery prices of refineries were talking as high as Rs. The price of crude palm oil CPO Kandla was Rs. In the futures market today, CPO prices were lower at Rs. 5 and higher by R

New delhi date. 30 January 2020, Thursday The government may announce the implementation of a special scheme for exporters in the coming budget. Under this scheme, it will be easy to give loan to exporters on cheap and easy terms. Special Scheme for Exporters is an Extended Debt Development Scheme with provision for subsidy on insurance premium for exporters. The insurance cover limit can be increased from 5% to 5%. Currently there is a insurance cover of 5% under ECIS. Export credit rate available at rupees will be below 5%. Both the pre-shipment and the post-shipment will have insurance cover. The government announced the scheme in September. But so far the scheme has not been implemented. Therefore, it is likely that a decision will be made to implement the scheme in the budget. More money will be allocated for auto, rural, road, infra In the next budget, more money is likely to be allocated for auto, rural, road and infra. In addition, there may be allocations for a scraping

(Gujarat News Office) Mumbai, Ta. 30 January 2020, Thursday Gold and silver prices rebounded today after shocks in the Mumbai jewelery market. World market news was encouraging. In the domestic currency market, the rupee weakened against the rupee today, with the dollar, the British pound and the euro falling and the impact was also seen in the jewelery market. With the break-up between Britain and Europe set to settle, the pound has risen to over Rs. However, as prices of crude oil spiked in the world market today, prices were again reported at two and a half dollars. Crude oil and stock markets tumbled against rising gold prices globally as China's deadly virus infestation increased. This year, for the first time this year, the dollar has gone up by seven against the yuan, as China's yuan currencies offshore. In the global market today, gold prices were trading up to $ 5 in the high of the ounce. In the currency market today, the dollar has risen by 5 paise to Rs. 5 while

Mumbai, Ta. 30 January 2020, Thursday The spread of coronavirus in China has raised the danger of losing its import-export deal with China in India. Indian rupee exporters are turning to stop export of rupee to China and are looking for new buyers. The Mumbai-based cotton exporter has decided to halt cotton exports to China and has begun searching for new buyers in markets in Bangladesh, Indonesia, Taiwan and Vietnam, local market sources said. New markets are being explored to cope with the setback in China. Exporters here fear the loss of business in Ports and banks in China due to the spread of coronavirus. If this happens, export consignments are unlikely to be stagnant and fall into the recession slump. If the virus contamination is not controlled within a fortnight, it could pose a threat to the worldwide cotton industry. There is currently no need to spread panic. India's cotton exporters have so far shipped around 2-3 lakh bales in China so far this season, and 5 perce

(Commerce Rep) Mumbai, Ta. 30 January 2020, Thursday India and China, the world's two largest gold consumers, accounted for about 5% of global demand for gold in the fourth quarter of calendar year 1. Demand for gold has dropped sharply due to rising gold prices and economic downturn, according to a recent report by the World Gold Council. According to a report by the World Gold Council, the demand for Chinese jewelery in the fourth quarter has been 5 percent lower than last year's 1.8 tonnes. In the full year 1, the demand has decreased by 5% to 8.5 tonnes. The main factors for this have been the president's tendency to slow economic growth, rising inflation, global trade disputes, high gold prices and the rising trend of younger generation of light jewelry. According to the council's data, total demand for gold for the fourth quarter has dropped by 5 per cent to 8.5 tonnes. Global demand for gold has declined by one percent to 1.8 tonnes in calendar year 1. That w

New Delhi, 30 January 2020, Thursday Usually people are waiting for the weekend to complete the bank related tasks, so if you too are thinking of this then change your planning on this weekend, as it is not possible to address the tasks associated with your banking at this time. Banks will be closed for next 3 days There is actually a bank strike tomorrow (Friday, January 31 to February 1). This is the reason why the banks will be functioning, in addition to the fact that the bank will be closed due to the weekly holiday on 2 February ie Sunday, it may be difficult for you to stay in bank for 3 consecutive days. On the other hand, ATM machines are suspected to have cash shortages due to the strike, so keep your cash management. Employees of all public sector banks will join the strike Employees of all public sector banks (PSUs), including the State Bank of India (SBI), will participate in the strike, however private banks will stay away from the strike, just as the online bank w

Mumbai, Ta. 29 January 2020, Wednesday Due to corporate tax cuts, economic downturns and impractical estimates of revenue receipts, the total revenue through the central tax at the end of the current fiscal year is expected to be Rs 1.5 lakh crore or 8% less than the budget estimate. Frequent reductions in GST rates, theft in GST and reduction in imports have also affected the income through taxation. For the first time in the last two decades, revenues through the central tax have been witnessing such a huge decline. The impact of a drastic reduction in revenue through central taxes will also be seen on the states. Although states have been assured by the Center to compensate for their GST deficit, it remains to be seen how much the Center can pay. The current fiscal year disinvestment target of Rs 1.8 trillion is seen as a picture of the government being missed by a wide margin. Bharat Petroleum Corporation Ltd. As the sale of government stake in Container Corporation of India a

(Gujarat News Office) Mumbai, Ta. 29 January 2020, Wednesday Gold jewelery market today moved ahead in the Mumbai jewelery market. World market news was showing soft. Silver markets in the global market, especially the silver prices, saw more than 4 percent overnight today. Silver prices in Mumbai market today hit more than Rs. In the global market, silver prices fell by $ 4.3 a barrel to $ 4.3 in the evening. In the Mumbai market, silver prices closed at Rs 5 per kg without a GST of Rs 5 per kg. China's fatal virus will affect the global economy and its measures will reduce industrial demand in silver amid speculation that silver prices have fallen in the world market. In the world market today, gold prices fell by $ 4.3 a ounce to $ 4.3 in the evening. Meanwhile, in the Mumbai market, gold prices today closed at Rs 5 per 5 grams without GST at Rs 5 and Rs 5 closed at Rs 5 at Rs 5. With GST, prices were up 5%. In the global market, platinum prices were trading this evening at

Mumbai, Ta. 29 January 2020, Wednesday The Indian industry is expecting to announce measures to boost the economy in the budget presented on February 1st. In order to bring the country out of the current economic downturn, it is expected to cut income tax rates, increase infrastructure spending at the grassroots level and create employment generation. Finance Minister Nirmala Sitharaman is expected to present a popular budget, saying that the government will have to announce measures to accelerate economic growth in the budget, when the country's economic growth rate is expected to fall below five percent in the current fiscal year. In a survey conducted by the CEO of the survey, 5 percent of the CEOs estimated that the government would increase rural infrastructure spending to boost the economy. The government will have to increase rural demand, ”said the CEO of a Kolkata-based company. More than fifty percent of the participants said that the government would not reduce the

Ahmedabad. 29 January 2020, Wednesday Foreign Institutional Investors (FIIs) have an important role to play in the Indian stock market. Despite the volatility in the market over the last four quarters, ie one year period, FIII has increased its stake in as many as 3 companies. According to data available from FII's Year Ending Data, most of these 3 companies are operating in the small-midcap segment. Due to the volatility that has emerged in the market during the proposed period, FIIs have been abandoning bigcap and moving towards small-midcap. Smallcap and Midcap stocks have been operating under pressure over the past two years due to various adversities. The shares of good companies in the sector have also come down. In view of this movement, FII has increased its stake in stocks of this segment over the past one year. According to FII, the value of largecap stocks is high and these stocks are trading at high PE. In comparison, small-midcap stocks have increased their holdin

Mumbai, Ta. 29 January 2020, Wednesday Onion prices have dropped by about 40% in the last five days, as the new season's crop arrives in wholesale markets across the country. According to data from the National Horticultural Research and Development Foundation based in Nashik, onion prices in Lasalgaon wholesale market have fallen to Rs 5-7 per kg which was Rs 1 on January 1. The onion revenue has been seen as the farmers have aggressively affected the harvesting of crops. Apart from this, the pressure on Nashik onion in Gujarat, Karnataka and Madhya Pradesh is also going down in the market, sources said. The government has banned onion exports, which has led to an increase in domestic supply. Onion production is also reported to be up seven per cent in the current crop year, market circles said. In November-December of last year, onion prices rose to Rs 5 per kg, which prevented the serving of onions in hotels. The average daily income of onion at Lasalgaon in December has r

Mumbai, Ta. 29 January 2020, Wednesday The prices of various imports and domestic edible oils were rising again in the Mumbai oil-seeds market today. World market news was responding sharply with declining prices. The futures prices in Malaysia, which fell 5 points on Tuesday, were again closed today, finally closing at 5, 6, 6 and 6 points plus. There, however, the prices of the palm product remained today at $ 8 to $ 8 minus. Meanwhile, the Chicago soybean futures in the US were overnight at 5 to 5 points after the evening news of the projection being 5-8 points plus. Thus, in the global market, prices of various edible oils kept slumping as the market bounced back and the homeowners were also slowing down. In the spot market in Mumbai, there was an increase of Rs 5 per liter of hawala resale and Rs 6 for JNPT. About one and a half tonnes was traded between Rs. The price of crude palm oil CPO Kandla was Rs. Meanwhile, in the futures market today, CPOs were trading below Rs. 5 in

(Gujarat News Representative) Mumbai, Ta. 29 January 2020, Wednesday China's corona virus has killed more than 3 people, with many new cases reported worldwide and overseas, and the outbreak has not been curtailed, with Nomura estimating the Chinese economy to be a bigger blow than the previous SARS outbreak soared to $ 1.8 trillion worldwide. Global markets continue to suffer from projections of short-term negative effects on the economy Indian stock markets were back in the Budget Fever before the end of Thursday, the January trend in the derivatives today. Amidst budget expectations, the fundraiser today covered index-based short-stocks in stocks. Of course, small, mid-cap stocks saw constant booming water. International prices of crude oil have also stagnated, with commentators commenting that the Treasuries were rising before the US Federal Reserve's decision on the international front and that the Federal Reserve was forced to lower interest rates this time as a result

Mumbai, Ta. 28 January 2020, Tuesday Commercial papers (CPs) invested in non-banking financial companies (NBFCs) have seen a decline in mutual fund industry investment. The decline comes after market director Securities and Exchange Board of India (SEBI) directed the mutual fund industry to invest in NBFC papers that are only listed on the exchange. CPs are short-term debt instruments of less than one year, issued by companies other than banks. Through a notification in December last year, Sebi has made it mandatory for fund houses to invest only in NBFCs listed on the Exchange. The CPI trade volume so far in January has been Rs 8 crore, compared to Rs 5 crore in December 2. In December, the figure stood at Rs 1.8 trillion and in January 5 it was Rs 5.5 trillion, market sources said. During the period from February to December 3, the repo rate declined by 5 basis points despite the decline in trade volume. However, the effect of the SEBI rule is only partial. NBFC's financial

Mumbai, Ta. 28 January 2020, Tuesday In the Mumbai oil-seeds market today, prices of various imported edible oils under the leadership of Palmetal had gone down. While the prices of various indigenous food items continued to fluctuate. Food prices in the world market were more alarming news. In Malaysia today, news of Palmetel's futures plummeting by 3, 5, and 3 points, with 3 percent of the recession circuits being implemented, leaving players in the world market stunned. Today, the price of the palm product was $ 5. India's demand has dropped there, but with the rise of the killer virus in China, there has been a new demand for China. Apart from this, the impact of falling crude oil prices on the world market and the reduction of the IndonesianAnnikas tax also showed a sharp slowdown on Malaysia's palmetto market today. Indonesia is reported to have decided to lower the tax on crude palm oil exports to $ 1 a tonne from February. Meanwhile, in the Mumbai market today,

(Gujarat News Office) Mumbai, Ta. 28 January 2020, Tuesday Prices were lower today at the Mumbai jewelery market. News of the world market was buoyant. On the domestic front, the dollar fell against the rupee in the currency market today, against which the British pound and the euro fell. In the world market today, gold prices fell as low as $ 5 to ashes. The dollar in the Mumbai currency market today fell by 5 paise to Rs 1.8, while British pound prices fell by 5 paise to Rs. The euro prices were down 5 paise, from 0.5 to 1.8. The eyes of the world market players were on the meeting of the Federal Reserve of America. However, at this time there will be no change in interest rates, market figures say. Meanwhile, gold prices in the Mumbai jewelery market today closed at Rs 5, down from Rs 5 per 5 grams without GST. While the price of 5 was closed at Rs 5, it was closed at Rs. While prices with GST were higher by 5%. Meanwhile, in Mumbai, silver prices today closed at Rs 5, 000 inste

New delhi date. 28 January 2020, Tuesday The government may increase import duty on more than 5 items to boost Make in India in the budget presented on February 3. These will be more involved in sectors such as paper, tire, chemical, footwear. Import duty can be increased on about 4 items. Chemical, paper industry is ready to promote. Import duty can be doubled. The Ministry of Commerce recommends increasing the duty. Import duty on rubber tires is 5%. At present rubber tires have 1-5% import duty. Import duty on footwear is increased from 5% to 5%. Double duty import duty is possible on coated paper, paper boards. Duty on the raw materials wood pulp to the paper industry will decrease. Implementation of double duty import duty on chemical products will be considered. The Finance Minister may announce a national logistics policy in the budget presented this Saturday. The logistic policy will emphasize freight and transportation to be less expensive. According to sources, the Nati

Mumbai, Ta. 28 January 2020, Tuesday More recently, onion prices have skyrocketed as a result of the supply crisis in the country which has forced the import of onion, but the imported onion has come to light instead of reaching the consumers. With about 5 tonnes of onion, 3 refrigerated containers have been falling in container freight stations near JNPT port for the last one month and the onions planted in them are reported to be decaying. The cost of importing these onions is falling far higher than the currently available onions. Onion prices are falling around Rs 5 per kg against the average price of Rs 3 to Rs 6 per kg on the domestic front, which importers are not in the mood to take delivery, market circles said. Importers want shipping companies to waive some charges so that their landed costs are cheaper. Container freight stations are warehouses where goods are shipped before reaching the consumer. There are 5 such stations at JNPT. Due to the heavy rainfall last year,

New delhi date. 28 January 2020, Tuesday In January this year, the collection through Goods and Services Tax (GST) is expected to reach Rs 1.8 lakh crore. "We expect the GST recovery in January to be around Rs 1.8 lakh crore," said an official, adding that data collection and technology have succeeded in preventing rupture of Rs 1.5 crore in revenue. The highest collection of GST in a single month has been Rs 1.8 lakh crore in the month of April 1, since the implementation of GST since July 1, which was in April. In November and December 3, the recovery figure was crossing Rs 1 lakh crore. The revenue department had earlier set a target of Rs 1 lakh crore for January and February which has now been raised. The target for March has been increased to Rs 1.8 lakh crore. The tax department expects revenues to be better through GST of 5 compared to fiscal year 1. In the first ten months of the last financial year, the revenue figures through GST are projected to be around Rs

(Gujarat News Representative) Mumbai, Ta. 28 January 2020, Tuesday Corona virus kills more than 3 in China, with China reporting tens of thousands of people infected with the virus, according to a British report. Global stock markets continued to decline. With the clash of global markets, the Indian stock markets today also saw a steady boom in foreign funds, experts and players. The central budget, set to be released this week on February 3, in India, with a projected estimate of the serious negative impact of China's corona virus on the global economy, began to take on a positive effect. Despite China taking war-based measures to curb its Corona virus infestation, reports of China and Hong Kong banning travel as part of more measures to curb the infestation, and countries including the United States, Canada, advised their citizens not to worry about global economic consequences. International prices of crude oil also continued to decline Were closer to $ 58.94 in crude oil at $