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Showing posts from September, 2020

Corona's impact affected the income of 65 percent of people, a new survey claims

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- 16 percent lost full income New Delhi on Thursday, October 1, 2020 Corona's sins adversely affected the income of 65 per cent of the country's population, including 16 per cent of those whose income was completely wiped out. Such a claim was made in a recent survey. A survey by an organization called Paisabazar found adverse effects on Corona's economy. According to the survey, the income of 70 per cent people in the capital New Delhi and NCR was adversely affected. Of these, 16 per cent were people whose incomes were completely depleted. In second place was Bengaluru where 67 per cent said their income had declined while 12 per cent claimed complete loss of income. The figures were 63 per cent and 20 per cent in Hyderabad, Andhra Pradesh, 63 per cent and 26 per cent in Mumbai, 52 per cent and nine per cent in Chennai. A total of 8,616 people from 37 cities of the country were symbolically interrogated. These were people who had an average debt of one lakh rupees. T...

September negative for gold investors

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Mumbai, Ta. 30 September 2020, Wednesday The end of September was negative in terms of returns for global investors in Mass Gold while the dollar index saw gains. Gold and silver prices in the domestic market saw modest fluctuations today. The rupee witnessed a mixed trend against major currencies in the currency market while crude oil continued to weaken. At home, the GST-free price of 10.50 gold per ten grams in the Mumbai market, which was Rs 305 yesterday, fell marginally to Rs 4,050 today. The price of ten grams of gold, which was Rs 2.50, was slightly lower at Rs 305. Prices with GST were quoted three per cent higher. Silver. The price of a kg, which was Rs 5,050 yesterday, fell to close at Rs 4. Prices with GST were quoted three per cent higher. In the Ahmedabad market, gold rose by Rs 100 to Rs 31,700 per ten grams at Rs 2.50 and Rs 21,100 to Rs 9.50 per ten grams. Silver.2 The price of one kg rose by Rs 200 to Rs 30,200. The upper head of gold in the world market is not su...

Bankers' worries increase as RBI review meeting lengthens

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Mumbai, Ta. 30 September 2020, Wednesday Delays in the monetary policy review meeting of the Reserve Bank's Monetary Policy Committee (MPC) have raised concerns among banks. Bankers are confused about how to increase lending and how to handle bad loans. The MPC meeting which was scheduled to be held from September 4 has been postponed. Bankers usually fix their loans and deposit rates based on a review by the Reserve Bank. The Reserve Bank reflects the outlook for liquidity and interest rates in its monetary policy, a banker said. The RBI is believed to have postponed the review meeting as the appointment of outside members of the MPC has stalled. The Reserve Bank's October meeting is considered important because it paints a clear picture of banking business for the remaining six months of the year. In addition to the loan moratorium, bankers are also expected to see a picture at the MPC meeting on the position of banks in terms of restructuring of loans. The Reserve Bank ...

Not even 50 per cent of the amount has been paid to MSMEs under the announced relief package

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New delhi date. 30 September 2020, Wednesday Under the Self-Reliant India Package, the government has provided Rs. A package of Rs 3 lakh crore was announced, but so far banks have not paid even 50 per cent of the amount under this package. Economic activity at all levels in the country was hampered during the long lockdown that followed the epidemic. About 60 million MSMEs (micro, small and medium enterprises) operating in the country were hit hard during this period. In order to face this adversity, the government last year. On 15th May, without any guarantee for this sector, Rs. A package of Rs 3 lakh crore was announced. Under the package, loans to the sector were announced till October 31. According to the data available about this package. As on September 31, only 2,8,191 MSMEs have benefited from the scheme. That is, getting a loan has proven to be successful. According to banking sector data, Rs. Loans of Rs 1,3,8 crore have been sanctioned. Out of which Rs. 1,3,8 crore ha...

The amount of remittances came to 80 percent of the previous level of corona

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Mumbai, Ta. 30 September 2020, Wednesday The level of remittances within the country has returned to 40 per cent of the previous level of Coro, according to the data. It can be said from this that the shortage of workers in the industries which was seen during the lockdown is easing. Workers in cities and industrial establishments send home a small portion of their income for employment. This amount is sent through banks or money transfer companies. In April and May of the current year, the amount of remittances within the country was reduced by 30 per cent. This reduction was seen as a result of the disruption caused by the corona. Remittances from urban areas to rural areas of the country in September saw 40 per cent of the pre-pandemic level, a spokesperson for a financial services company said. Those who fled their homeland in the lockdown imposed by the Corona are returning to the cities, according to increased volumes of remittances.

Rapid growth in China's manufacturing sector, PMI rises above 50

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Beijing, Ta. 30 September 2020, Wednesday Activity in China's manufacturing sector rose sharply in September, helping to boost export growth. The last few months have seen an increase in exports. Thus China's economy is showing steady recovery. The Purchasing Managers' Index (PMI) of China's manufacturing sector, which stood at 31 in August, rose to 31.50 in September. An index above 50 is called an extension of that area. Analysts had expected the PMI to be 41.20. China's manufacturing sector PMI has risen due to rising foreign demand. Activity in China's industrial sector is slowly returning to its previous level. Expansion in the infrastructure sector due to stimulus, stagnant demand and surprising growth in exports have given impetus to China's manufacturing sector. The sub-index for new export orders stood at 30.60 in September as against 8.10 in August. This is an improvement after eight consecutive months of decline. New export orders in China ha...

Increase in effective import duty on imported oils as tariff value of edible oils increases.

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(By commerce representative), Mumbai, Ta. 30 September 2020, Wednesday In the Mumbai Oilseeds market, prices of various imported edible oils continued to decline today, while cottonseed oil prices in domestic edible oils fell behind the stations, while cingulum oil remained calm, market sources said. Meanwhile, there was a new demand wing in the spot market today and trades were slow. World market news was showing softness. Meanwhile, according to a report from Delhi, the central government has significantly increased the tariff value used as a benchmark to calculate the import duty on various edible oils imported into the country, leading to an increase in the country's import and effective import duty on edible oils, market sources said. Meanwhile, according to world market news, Indonesia has raised the tax on crude palm oil exports from ૦ 0 (zero) to ૩ 5 for October. Meanwhile, the government has increased the tariff value of crude palm oil (CPO) from ૭૪ 21 to ૭૬૨ 6, the tar...

The Sensex rose 95 points to 38067

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(Gujarat News Correspondent) Mumbai, Ta. 30 September 2020, Wednesday On the global front, the countdown to the upcoming US presidential election has begun, with the first debate between Donald Trump and his rival Joey Biden, as well as the erosion in US stock markets and the softening of other markets in the world. Was booming. Of course, despite this deceptive volatility, the boom with funds continued to soften the bullish trade. Investors need to be cautious as funds, players, operators in small, mid-cap stocks are launching stocks in every boom. With the global economic crisis looming over the Corona era and India's economic situation deteriorating day by day and new stimulus measures becoming inevitable, it is becoming difficult for the government to come up with a new package, forcing the Reserve Bank of India to postpone the monetary policy meeting. Foreign funds are easing every surge in stocks by writing off this development negatively. Oil-Gas, Metal-Mining, FMCG, Pharma...

Lufthansa cancels flights to India, protests DGCA's decision

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Not a single flight will arrive until October 20 New Delhi, 30 September 2020, Wednesday In protest of the Director General of Civil Aviation's decision to allow limited weekly flights, Germany's largest airline announced the cancellation of all its flights to India by October 20. No Lufthansa flights between India and Germany. "We had to take this decision as the Indian authorities refused to uphold our flight plan till October," Lufthansa said in defense of his decision. He also claimed that India had not yet responded to Germany's offer to negotiate a temporary travel agreement. India canceled all international passenger flights on March 23 this year due to the Corona virus. However flights were allowed through the air bubble system with 13 countries, including Germany. According to an Indian spokesperson, the Corona epidemic led to an air bubble agreement between India and Germany in which citizens of both countries were allowed to visit each other. A sp...

- Gold-silver prices rise again

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Mumbai, Ta. 29 September 2020, Tuesday The back of the world market saw a big jump in gold and silver prices. Corona has led to renewed lockdowns in various parts of the world. The rupee was weakening in the domestic currency market while crude oil was seen declining. In the domestic market, gold in the Mumbai market, which is Rs 4.50 per ten grams excluding GST, improved from yesterday to Rs 205 today. Gold was trading at Rs 705, up from Rs 4.50. Prices with GST were quoted three per cent higher. Silver. The price of a kilogram which was Rs. 2051 yesterday was more than Rs. 2000 and closed at Rs. Prices were three per cent higher with GST. In the Ahmedabad market, gold rose by Rs 500 to Rs 31,600 per ten grams and closed at Rs 21,400 per 8 grams. Silver.2 The price of one kg rose by Rs 1,200 to close at Rs 30,000. The price of an ounce of gold in the world market was ૮૬ 161 to ૮૮૯ 16 an ounce. Silver traded at ૨૪ 6 an ounce, up from ૩ 4.05 an ounce in late trading. The other prec...

34 per cent growth in residential sales however decline in new launches

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Mumbai, Ta. 29 September 2020, Tuesday In the third quarter of the current calendar year, the September quarter, residential sales in the country grew by 4 per cent on a quarterly basis. However, the current stock depreciation period has increased from 2.50 years to 9 years, a report said. Out of the total sales of residences in the September quarter, Mumbai accounted for 6 per cent of the total sales, while Delhi accounted for 4 per cent. Chennai, Pune and Hyderabad have also seen an increase in demand for housing. The report notes that developers are very optimistic about the residential markets in Mumbai and Delhi in terms of sales volume. Sales growth has been driven by lower interest rates, lucrative offers and a 15 to 18 per cent correction in prices. Given the current situation, the current property market is a buyer's market. The next one year is seeing the right time to buy a residence. How long the recovery seen in the September quarter will continue depends on the i...

Dealers expect modest growth in vehicle demand during Dussehra-Diwali

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Mumbai, Ta. 29 September 2020, Tuesday Auto dealers expect the demand for vehicles to remain stable or grow modestly during the upcoming Dussehra-Diwali festivities. The country's auto dealers are suffering a double whammy due to macroeconomic challenges and the impact of Corona. Auto dealers across the country are facing bad times. Dealers have been the hardest hit in the entire automotive chain, according to a statement from ICRA. In the first quarter of the current financial year, the auto sub-segments saw a decline of 5 to 20 per cent and the wholesale shipments of vehicles are improving. September saw an annual increase in the wholesale volume of two-wheelers and landing vehicles. Although retail demand is still weak, dealers do not rule out the possibility of stockpiling. Dealers surveyed expect the demand for vehicles, especially two-wheelers, landing vehicles and commercial vehicles, to remain stable or moderate during the coming festive season, the report said. No de...

The negative outlook for the steel sector remains the same

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Mumbai, Ta. 29 September 2020, Tuesday Maintaining a negative outlook for the country's steel sector, India Ratings said that the situation in the sector will be similar to that of Kovid-12 in the last six months of FY 205. However recovery may be seen early in some large steel companies. The second quarter of the current financial year has seen signs of improvement in domestic demand, but its survival will depend on what kind of reform measures the government takes and what kind of relief it provides. Steel demand is mainly dependent on investment in the infrastructure sector. The government's Rs 100 trillion infrastructural investment plan could be a factor in boosting steel demand. Lending arithmetic is expected to reach the level of 2020 by the end of the financial year 2022, which will slow down the delivery efforts of the steel sector players. Until the cash flow through operations is fully recovered, steel companies will pay special attention to maintaining liquidity ...

Introduced a Code of Conduct for Fund Managers and Dealers

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(Commercial Representative) Mumbai, Ta. 29 September 2020, Tuesday The Securities and Exchange Board of India (SEBI), the regulatory body for capital markets, has taken important decisions in its board meeting today, including delisting of mutual funds, subsidiaries and changes in inside trading standards. SEBI has introduced a Code of Conduct for Fund Managers and Dealers of Mutual Fund-Asset Management Companies (AMCs). This has allowed AMCs to become self-clearing members. Under SEBI Mutual Fund Regulations 12, AMCs-asset management companies and trustees are now required to follow a code of conduct. SEBI has now introduced a code of conduct for fund managers, including AMCs' chief investment officers and dealers, under the norms. It will also be the responsibility of the Chief Executive Officer to ensure that such officers follow the Code of Conduct. In addition, the SEBI Board has now allowed AMCs to become self-clearing members of recognized clearing corporations and to cl...

Imported edible oils present behind the world market and retreat in futures

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(By commerce representative), Mumbai, Ta. 29 September 2020, Tuesday Prices of various domestic edible oils remained steady in the Mumbai Oilseeds market today, while the prices of imported edible oils were spot on and the futures market was sluggish behind the world market. Overall the market had new demand wings and trades were scattered. In Malaysia, meanwhile, palm oil futures fell 3 points today, as palm oil prices fell by ૧૦ 10. In Malaysia's Sabah district, where palm oil production is predominant, there have been indications that production has resumed in the district as corona controls eased. News from the US agricultural markets was also showing a decline in prices. Meanwhile, in the Mumbai spot market today, the price of 10 kg of cingulum oil is Rs 1,20, cottonseed oil is Rs 3, palm oil is Rs 4, soyoil digam is Rs 4 and refined is Rs 610 to Rs 715, mustard is Rs 1,050 and sunflower is Rs 1,050. 1,150 and Rs. 1,150 of refined. Meanwhile, crude palm oil (CPO) Kandla was...

Sensex fell 8 points to 37973

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(Gujarat News Correspondent) Mumbai, Ta. 29 September 2020, Tuesday After a tumultuous rally earlier in the week yesterday, funds today stayed away from bullish big trading as if the index-based crash had shown a deceptive move ahead of the slump. The postponement of the Monetary Policy Meeting (MPC) by the Reserve Bank of India has been viewed with suspicion by some sections of the market and the country's economy is deteriorating day by day, with the central government likely to be forced to borrow heavily from the Reserve Bank of India in the coming days. The trend is that foreign funds are choosing to alleviate their overbought position in Indian stock markets with every upswing on fears of a very bad performance. The funds offloaded banking-finance stocks today, despite reports that the government would inject new Rs 30,000 crore into banks, indicating that PSU banks are in a bad shape. Of course, metal-mining, consumer durables, IT and auto stocks saw index-based stability i...

Bank Holiday October 2020: Find out on which day the bank will be closed in October?

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New delhi date. 29 September 2020, Tuesday The festive season in the country starts from the month of October. The bank will be closed for several days this month in different parts of the country. The Reserve Bank of India has released the holiday list. According to which, the bank will be closed for more than 10 days this week with weekly holidays in different parts. However, the bank will be closed on different days in different states. Different festivals are celebrated in different states of the country, so the holiday will be on a different day. Durga Puja is a major festival in West Bengal so there will be a long holiday. Bihar and Jharkhand will also have long holidays on Durga Puja and Dussehra. Similarly, Navratri and Patel Jyanti will be a holiday in Gujarat. Find out in this month's important holiday ... 02 October 2020, Friday: - Mahatma Gandhi Jyanti 04 October 2020 Sunday: - Weekly leave Thursday 08 October 2020: - Chellam (Regional Festival) Saturday 10 Octob...

Women's savings will be empty: Pulses prices skyrocket after vegetables, common man's problems increase

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Ahmedabad. 29 September 2020, Tuesday The difficulties of the common man in this crisis of Corona are increasing daily. On the one hand, vegetable prices have been rising for the last two months. At the same time, pulses prices are also rising in India. Pulses prices have gone up by Rs 15 to Rs 20 in several major cities, including Delhi. Last year, the price of dal was Rs 70-80 per kg, but this time it has crossed Rs 100. Arhar dal is being sold at Rs 115 per kg. Traders demand release of import quota for 2020-21 Traders are demanding that the government agency National Agricultural Cooperative Marketing Federation (NAFED) release its stock to increase supply. Supply is declining while demand is steadily increasing. Therefore, traders have demanded release of import quota for 2020-21. However, the government believes that the supply situation is good and the kharif season crop will start coming to the market in the next three months. Bumper yields are expected this year. Tuvar prod...

Farmers cannot sell the Rs 63,000 crore yield every year, the government can save the farmers if it assumes

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- Not enough cold storage to store fruits and vegetables New Delhi, 29 September 2020 Tuesday Farmers are not able to sell their produce worth Rs 63,000 crore every year, which means the country's exchequer was losing such a huge amount. Assuming the central government can stop this from happening. This was stated by the Dalwai Inquiry Committee set up to double the income of farmers. The committee said that the hard work and expense behind the production of easily spoiled vegetables and fruits were going to Fogat when these vegetables and fruits were not sold. There were many reasons behind not selling vegetables and fruits. Failure to sell this yield resulted in a loss of Rs 63,000 crore to the farmers. The Dalwai committee said that the cost of starting cold storage across the country was likely to be as much as the loss to farmers every year. There is not enough cold storage available in the country to store fruits and vegetables. Infrastructure, on the other hand, was poo...

Rayda production in the country is likely to increase

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New delhi date. 28 September 2020, Monday The production of rye is expected to increase in the country as the Indian government has banned the blending of rye oil with other edible oils. The government's decision will help reduce edible oil imports, industry sources said. This decision will benefit both farmers and consumers. Consumers will now be able to get absolutely pure Rhida oil. Rye oil is usually mixed with palm oil, rice bran and soybean oil, the sources said. This decision of the government is being implemented from October 1. This will require an additional five lakh tonnes of rye oil to meet the demand for rye oil in the country. To increase this production of rye oil, the industry will need an additional 12 to 15 lakh tonnes of rye. The Food Safety and Standards Authority of India has sent a letter to the Food Safety Commissioners of each of the states and Union Territories informing them of the decision, government sources said. This decision will encourage farme...

Amid the epidemic, the Reserve Bank's MPC meeting starting today has been canceled

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Mumbai, Ta. 28 September 2020, Monday The Reserve Bank of India's Monetary Policy Committee (MPC) today announced the abrupt cancellation of its bi-monthly monetary policy review meeting starting tomorrow. No reason was given by the RBI for canceling the meeting. The new date will be announced soon, the Reserve Bank said in a list. MPC members have not been appointed by the government. This is believed to have forced the meeting to be adjourned. The MPC had earlier held a meeting via video conferencing in August. It is likely that the MPC will keep the interest rate unchanged at the next meeting. No change in interest rates will be made in view of high inflation. Inflation is currently high due to supply issues. At its August meeting, the RBI kept interest rates unchanged. Retail inflation in the country has been hovering above 5 per cent, well above the Reserve Bank's target of between 6 and 7 per cent. The RBI has cut the repo rate by 114 basis points since February this ...

The combined fiscal deficit of the Center and the states will exceed 13 per cent of GDP

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New delhi date. 28 September 2020, Monday CARE Ratings has projected that the combined fiscal deficit between the Center and the states of India will be 15 to 18.50 per cent of GDP in the current financial year, with the government of India not announcing any further fiscal cuts. Corona has disrupted the fiscal calculations of the central and state governments for the current financial year. While the Centre's deficit is expected to widen to Rs 19.50 lakh crore against a target of Rs 3 lakh crore, the figure is expected to be Rs 7.5 lakh crore against the target of Rs 4.5 lakh crore, the agency said in a report. This means that the Centre's fiscal deficit could widen to 5 per cent of GDP when the budget target was 7.50 per cent. The deficit of the states will be 6.50 per cent while the budget target has been set at 7.50 per cent. Thus, the combined fiscal deficit between the Center and the states, which was projected at 6.50 per cent earlier this year, has now more than do...

Gold and silver fall, rupee weakens against global currencies

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(By commercial representative) Mumbai, Ta. 28 September 2020, Monday The back of the world market saw a modest decline in gold and silver on the first day of the week. Crude oil was weakening while the rupee was weakening in the currency market despite the country's stock market rising. At home, the gold price in the Mumbai market, which was Rs 2.50 per 10 grams, was Rs 200 excluding GST at the end of last week. At 2.50, gold was trading at Rs 5, up from Rs 50. Prices with GST were quoted three per cent higher. Silver. The price of one kg excluding GST was Rs. 500 from Rs. Prices with GST were quoted three per cent higher. There was chaos in the silver. In the Ahmedabad market, silver fell by Rs 100 per kg to close at Rs 200. Gold remained relatively calm. The price of ten grams at Rs 2.50 was Rs 31,100 and Rs 9.100 was at Rs 9.50. Gold was a bullish trend in the world market. At ૮૬૨ 15 an ounce, it was 161. Silver was trading at ૮૯ 4.05 with a volume of 7.5. Platinum was quote...

Relief to mills by extending period for export of sugar under quota

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New delhi date. 28 September 2020, Monday The government has extended the deadline for completion of sugar exports to December this year as per the quota allotted to sugar mills for sugar exports. In the current marketing year ending in September, 3 million tonnes of sugar has been allowed to be exported. Mila is relieved that the period has been extended. According to the allotted quota, exporters have to export sugar, but in the current year, the deadline has been extended by three months due to corona disruption, government sources said. The government has allowed exports for the disposal of excess sugar in the country. However, out of the quota of 20 lakh tonnes, contracts have been signed for 3 lakh tonnes and out of this, 3 lakh tonnes have been released from the mills. Corona has caused logistical problems to some mills, prompting them to extend the deadline. Indian sugar is mainly exported to Iran, Sri Lanka, Bangladesh, Nepal and other countries. The dispute with Indonesi...

Cottonseed oil rebounds against the backdrop of peanut oil prices

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(By commerce representative), Mumbai, Ta. 28 September 2020, Monday In the Mumbai Oilseeds market, the weather was mixed with domestic edible oils today and cottonseed oil prices rose against the backdrop of a decline in groundnut oil prices. Meanwhile, imported edible oils saw a slowdown in palm oil and soyoil prices, with overall demand picking up. However, palm oil traded at around Rs 100 to Rs 150 per tonne in hawala and resell in the range of Rs 5 to Rs 5 per 10 kg today, market sources said. Meanwhile, near-term palm oil futures in Malaysia traded up 30 points today, with palm product prices hovering in the 2.50 to ૦૦ 7.00 range. Total palm oil production in Malaysia declined by 0.15 per cent in the first six days of September, on demand from China. There were also reports of workers at ports in Argentina going on strike in support of various demands. Meanwhile, in the Mumbai spot market, the price of 10 kg of cingulum oil fell to Rs 1,20 today, while cottonseed oil rose by R...

The Sensex jumped 593 points to 37982

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(Gujarat News Correspondent) Mumbai, Ta. 28 September 2020, Monday Amid the Corona epidemic, the Supreme Court hearing in the case of waiver of interest on loans with a move to extend the loan moratorium of banks has been adjourned again till October 4, 2020 and on the other hand by the Reserve Bank of India's Monetary Policy Committee (MPC). The decision to postpone the October 2020 meeting comes amid efforts by the government to push back the negative factors as well as the government's Rs 50,000 crore capital provision for PSU banks, as well as the possibility of a stimulus package to raise funds in the Indian stock market today. Was shocked. On the global front, US stocks led the rise in banking-finance stocks led by IT stocks last Friday, while pharmaceuticals-healthcare, automobiles, consumer durables, metal-mining, oil-gas stocks, F-Secure and FMCS - The day 2000 jumped to the surface. In the end, the Sensex jumped 3.4 points to close at 31.8 and the Nifty spot jumped 1...

Chinese bank will try to get Anil Ambani's overseas property, find out about the case

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London, Monday 28 September 2020 Three Chinese banks have decided to recover their arrears by seizing the assets of debt-ridden Anil Ambani abroad, which have lent about Rs 5,276 crore to Anil Ambani's companies. The Industrial and Commercial Bank of China, the Export-Import Bank of China and the China Development Bank have decided that they will use their rights to take action against Anil Ambani, and try to get his property worldwide. During the hearing in the case in Britain on Friday, Anil Ambani allegedly said that he had nothing left, and that he was making a living by selling his wife's jewelery. What the banks' lawyers said Anil Ambani is doing his best not to give a single penny to the lending banks, Thanki QC, a lawyer for Chinese banks, told a British court on Friday. After knowing his side on Friday, the banks have now decided to keep all possible options open for action against Anil Ambani, he said, adding that he would exercise his rights, and adopt all ...

During the Corona period, 50 per cent of people took out insurance cover of Rs 1 crore or more

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New Delhi, 27 September 2020 Sunday The Corona virus epidemic has raised awareness about insurance. Because of this, more and more customers taking out life insurance policies are taking out insurance cover of Rs 1 crore or more. This information is provided by data from a well-known website that sells insurance policies online. He said that during April-August, 2020-21, 50 per cent of life insurance policyholders took out insurance cover of Rs 1 crore or more. Consumers want financial security for their family during an epidemic. According to a report on the web site, "Data from one crore or more people taking out insurance cover shows that during April-August, 50 per cent of consumers have taken out such a large amount of insurance cover, indicating that people are investing in high cover policies. These policies are available at very cheap prices up to Rs.1000 per month.The website claims that one out of every four life insurance policies sold in the country is sold through ...

Gold-silver has become the cheapest since March, with the dollar gaining ground

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New delhi date. 27 September 2020, Sunday Gold and silver prices have plummeted since last week amid an outbreak of the corona virus. This is considered to be the biggest decline since March. Uncertainty persists over the coming boom in the global economy. Meanwhile, the dollar is also gaining ground. This is because the demand for gold has now declined. Economic recovery forecasts are weak due to the growing case of corona, especially in Europe. Gold loads fell 4.6% last week. While silver has also fallen by 15%. Experts believe that the strengthening of the dollar has increased the pressure on gold. The dollar is expected to see the biggest rally in the last six months against other currencies next week. Indeed, the rapid rise in the price of gold can help curb inflation. But the rise in consumer prices is now tweaking the price of gold. US Federal Reserve officials say central banks alone cannot fix the economy. The rise in Corona's numbers has raised fears of inflation. So...

After tomatoes, rising prices of onions and potatoes are making people cry

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New Delhi, 27 September 2020 Sunday Vegetable prices have skyrocketed across the country, and ordinary countrymen have been plagued by rising prices. Tomato prices have been falling for a few days now, while onion prices are making people cry. The current price of potatoes is Rs 40-60 per kg. This price competition between potatoes is not going to stop right now. In the country, from Jammu to Kanyakumari and from Surat to Guwahati, potatoes are being sold at Rs 27-60 per kg and tomatoes at Rs 20-100 per kg. Is. However, on Sunday, onions reached Rs 60 per kg in the NCR retail market, while tomatoes fell to Rs 60 per kg. Most of the green vegetables except milk are priced above Rs 40. Cauliflower is being sold at Rs 80 per kg. The government has taken immediate steps to curb onion prices and has banned all types of exports with immediate effect so that onion exports do not increase. Farmers in Maharashtra are protesting against the government's decision. Despite the rise in onio...

The Sensex will see 38111 closing above 37777

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(Gujarat News Correspondent) Mumbai, Ta. 26 September 2020, Saturday Corona died without speculators on Thursday, September 2, last week in the expiration of the September trend. The Sensex plunged by 1,112 points on the last day of the September 8 trend and by 6 points on Friday, September 4. Bend the dog's tail. Be prepared to be beaten again in October after being beaten in September. Call-put-options, Future It would be better to be quarantined in Corona's time than to play in all of this. The market as a whole has to be threatened. From here, Amo warned you to sell 21 scrip-shares out of the recommendation of Dark Horse / Arjun in the eyes of September 4, out of the recommendation of 52 scrips of the last one year. Nifty also warned of a break on September 18. Last Sunday, September 30, 2020, it also warned that the market is in the overboat zone, it will break suddenly. We are still saying from here today, stay away from gambling, otherwise the gamblers' own jubilee...

Prices of various imported edible oils went up

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(By commerce representative), Mumbai, Ta. 26 September 2020, Saturday In the Mumbai oilseeds market, palm oil and soyoil prices recovered from lower headlines today, while cottonseed oil prices remained subdued in domestic edible oils, while groundnut oil prices remained subdued. However, in the overall market today there was a new demand wing and trades were scattered. Meanwhile, world market news got encouraging. In US agricultural markets, soybean futures were up 3 points in overnight trade, while soybean futures were up 3 points, soymeal futures were up 21 points and cotton futures were up 3 points. Meanwhile, imported palm oil was quoted at Rs 5 per 10 kg in the Mumbai spot market today, while crude palm oil (CPO) Kandla was quoted at Rs 4. Palm oil prices are likely to hit between Rs 80 and Rs 70 next week, experts said today. Meanwhile, in the Mumbai spot market, soyoil digam was quoted at Rs 8 and refined at Rs 415 to Rs 715, while sunflower prices remained quiet at Rs 1,1...

Gold discounts fall to one-and-a-half month low

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(By commerce representative), Mumbai, Ta. 26 September 2020, Saturday Gold and silver prices fell in the country's jewelery markets today, triggering a rebound. News from the world market was showing strength, with market sources pointing to seasonal inquiries in jewelery markets as the festive season approaches, market sources said. In the Ahmedabad jewelery market, silver rose further by Rs 200 to Rs 3,600 per kg, while in the Ahmedabad market, gold prices remained firm at Rs 41,100 per 10 grams and Rs 21,600 per kg. . Meanwhile, in the Mumbai jewelery market, the bullion market remained closed on Saturday due to Saturday, but prices were quoted higher in the closed market. In the Mumbai market, gold for delivery in 10 grams was quoted at Rs 3,500, excluding GST, from Rs 7.50, while at Rs 6.50, it was quoted at Rs 3,50, up from Rs 3,6. And prices including GST were quoted three per cent higher than this. Meanwhile, silver prices in the Mumbai market today were quoted at Rs 2,...

Daughters handling full business responsibility independently in the corporate sector

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Ahmedabad. 26 September 2020, Saturday Tomorrow September 9 is celebrated around the world as Daughters' Day. Daughter's day. Daughters are of paramount importance in our society. Even in homes, a daughter's chirping creates a unique atmosphere. In today's evolving time, daughters have also benefited. There is not a single field today where daughters are not employed. Today they are very active in all spheres, be it government or private sector. Not only active but in all these fields they have reached the top positions. Here we are talking about the corporate sector. Daughters are also active in various positions in this field. But, here we want to talk about daughters who have taken over the responsibility of the whole business. He manages the entire company. If we take a look at the daughters of such clever and successful businessmen, Amira Shah Amira Shah is the head of Metropolis Healthcare, the largest diagnostic chain in western India. The company's s...

Deposit growth more than doubled compared to lending in the banking sector

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Mumbai, Ta. 26 September 2020, Saturday In the fortnight ended September 11, deposit growth has more than doubled compared to credit growth in the banking system. According to the Reserve Bank of India, deposits grew by 11.5 per cent year-on-year. In the fortnight of September 11, bank lending had risen to Rs 104.5 trillion, while deposits had risen to Rs 12.5 trillion. In the fortnight of September 15, 2017, bank lending stood at Rs 2.17 trillion while deposits stood at Rs 13.5 trillion. The increase in deposits compared to credit growth could be a cause for concern for the banking system. While income through interest is the main source of income for banks, an increase in deposits increases the interest expense of banks. As a result of the economic downturn caused by Corona, businesses are not only reluctant to take out loans but are also choosing to restructure previous loans. To increase liquidity in the financial system, the Reserve Bank has recently taken a number of steps,...

Why is there so much opposition to the new agriculture bill in Punjab and Haryana?

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New Delhi, September 8, 2020, Saturday Opposition to the three new agricultural bills is most prevalent in Haryana and Punjab in India. Farmers and traders are allowed to sell goods outside the mandi house. The provision of the second bill is to link farmers with agribusiness firms, processors, wholesalers and pessimists. The third bill seeks to remove cereals, deficient oils, onions, potatoes, etc. from the list of essential items. The government buys the most wheat and rice from farmers, with Punjab and Haryana far ahead. The government buys 30% of the total foodgrain production in Punjab and Haryana. Farmers in Punjab and Haryana are increasingly dissatisfied with the new bill's provision to remove APMC market-based restrictions, fearing that farmers will not get MSP (Minimum Support Price). Although there has been no clarification from the government on the removal of the MSP, opposition to the bill has been mixed with politics. Opposition groups called for the beleagured P...