Market and Business News

New Delhi, 30 January 2023, Monday A document called the Economic Survey is tabled in Parliament before the budget is presented. Which will be presented by Finance Minister Nirmala Sitharaman tomorrow i.e. on January 31. This is a very important document, as it mentions the accounts of the previous year and suggestions, challenges and solutions for the coming year. It has been prepared under the supervision of V Ananth Nageswaran, Chief Economic Adviser to the Government. The Chief Economic Adviser will also answer questions from the media at a press conference after the Finance Minister's presentation in Parliament. In the Economic Survey, the government reports on its fiscal development as well as monetary management and the external sector. It also provides information about the results of government policies and programs and their impact on the economy. The first Economic Survey of the country was introduced in 1950-51. Till 1964 the Economic Survey was presented along with

The Hindenburg Research firm was founded in 2017 by its founder Nathan Anderson The Hindenburg firm's website clearly states that it monitors 'Man-Made Disasters' A recent report by an American research firm Hindenburg has caused a huge loss to Gautam Adani, who is the richest in Asia and ranked fourth in the list of the richest in the world. Shares of companies belonging to the Adani Group under the ownership of Gautam Adani have taken a big hit due to this report. Due to this, Adani has also now slipped from 4th to 7th position in the list of top 10 richest people in the world. So let's finally know what is this Hindenburg Research Company and what is its work... why its report is considered so important... know complete information in simple words... When and who founded the Hindenburg Company? Hindenburg is an American research firm. It was founded by Nathan Anderson. Anderson, who earned a graduate degree in international business from the University of Conn

- A big opportunity for finance minister to make India an alternative to China While the Indian economy is currently the best performer among the world's major economies, Finance Minister Nirmala Sitharaman is expected to adopt a liberal policy on the economic front in the upcoming budget. However, there is no doubt that issues like the risk of recession in developed countries, Russia-Ukraine war, bitter relations with China and high crude oil prices will have an impact on the budget. The finance minister will also be forced to consider the situation of Corona which is taking shape at home and globally. Compared to other economies, with lower levels of inflation and relatively higher economic growth rates than most G20 countries, India has been able to absorb or combat external shocks well in 2022. The country's fiscal and current account deficits have been high, but relatively strong forex reserves and a flexible exchange rate policy have succeeded in sustaining the economy

- Around the Market Indian-origin woman's hedge fund in the US Industries There are certain industries where men dominate. But a woman of Indian origin based in America has broken this rule. Indian-origin Mala Gaonkar has created history by launching SurgoCap Partners, a women-led hedge fund in the US. This is the first women-led hedge fund in the fund industry. Its assets under management are 1.8 billion dollars. A 100 percent women-owned industrial park India's first 100 percent women-owned industrial park has become operational at Hyderabad. Which is promoted by Telangana Government and Fikki Ladies Organization. About 25 units run only by women are operating in this industrial park. Out of which 16 units are working in the field of green category industries. The park is spread over 50 acres of land at a cost of Rs. It has been commissioned with an investment of 250 crores. Submit specific data for IPO : SEBI Markets regulator Sebi has returned Lava International'

- Global dynamics will impact the investment growth plan in India despite favorable domestic factors One of the key policy challenges in India is to boost economic activity and accelerate reforms. In this regard, however, much depends on improvement in the investment climate, which has been sluggish for some time now. For this, the government is promoting public investment so that private investment can be found, but this has not been very successful. While related factors such as bank and corporate balance sheets are improving, investment may take some time to see improvement. Even before the pandemic, most countries in the developing world were grappling with problems of low growth in investment. According to a research study published in the World Bank's latest 'Global Economic Prospects' report, real investment growth in developing countries has declined from around 11 per cent in 2010 to 3.4 per cent in 2019. With the exception of China, there was a sharper slowdown

- In 2030 India's stock market will become the largest stock market in the world, India's economy is marching ahead amid many uncertainties and challenges. - India has started dreaming of 20 trillion US dollars by 2047. If this dream is to be achieved, India will have to grow at the rate of 7 to 7.5 percent. - The progress of India's economy includes India's startup sector, India's corporate sector, India's leadership of G-20, implementation of 5G in India, PLI scheme proving important in manufacturing sector, free trade with Australia and growing nationalism among people etc. When we are passing through the Republic Day celebrations in 1974, a situation has arisen where we can celebrate the economic condition of the country as well. While the whole world is stuck under the clouds of recession, India is still far away from the effects of recession. The country's industries and corporate sector are eyeing the budget to be released next week. This is the l

- The government has not raised the income tax exemption limit from Rs 2.5 lakh which was set by the then finance minister Arun Jaitley in his first budget in 2014. The finance ministry is mulling proposals to benefit the middle class in the Modi 2.0 government's last full budget to be presented in the Lok Sabha on February 1. The finance ministry is looking into proposals sent by various government departments on specific measures that could be announced in the budget, which would benefit a large section of the middle class, sources said. The government has not raised the income tax exemption limit from Rs 2.5 lakh which was set by the then finance minister Arun Jaitley in his first budget in 2014. Also standard deduction from 2019 to Rs. 50,000 remains unchanged. Some experts are of the opinion that the exemption limit as well as the standard deduction needs to be increased to compensate the salaried middle class for the high level of inflation. Finance Minister Nirmala Sithar

Bhoo Bazar - Dilip Shah - World market bounces back from two-and-a-half-year low: Signs of bullishness in next year as well as current year After the copper market remained soft last year, volatility is expected to remain in 2023 as well. Due to the corona epidemic, the car of development across the world got a break, copper also got a break and the car of the economy at the global level is still not on track. Thus, while the outlook for copper is bullish over the long term, short-term volatility will remain subdued. Along with this, it should be noted that now there is a buzz of green energy all over the world. All countries have now accepted that energy sources should be renewable in order to preserve the environment. This is why the use of solar energy is being given priority. Along with this, as copper is used everywhere in electric vehicles, copper will be in demand in the coming days. By 2030, India, the world's most populous country, will have the largest share of electr

Battle between superpowers for semi-conductors The global semiconductor market is worth $500 billion and is expected to double in 2030. A cold war is going on between America and China to capture the semiconductor market. It is believed that whoever dominates this market will be considered as a super power in the future. This superpower wants to be the market leader by producing semiconductors in its own country. The superpowers want to keep the market which is going to be worth 1000 billion dollars in 2030 under their influence. Children in China cannot play online games all day Internet addiction is a huge problem in China. The authorities have made various efforts to free people from this obsession. China also has laws on how many hours boys can play online games. In 2019, there was a restriction that children could only play games for 90 minutes a day. Now, after 2021, under 18s are restricted to play the game for one hour a day on Fridays only once a week. Boys are allowed to

- Boolean Bits - Dinesh Parekh - Significant decline in official imports, but increase in smuggling: Global gold prices forecast higher in 2023 Gold prices fluctuated between $1,935 and $1,894 an ounce as the dollar fell in the global market along with signs of a slow rate hike by the Fed. The news that the fear of Covid in China will spread to other countries of the world will once again create a new economic crisis in every country of the world. As a result, gold prices rise. In the year 2022, gold closed at the price of 1825 dollars per ounce, but in the new year 2023, there is a big difference in the prices of gold price forecasting organizations and analysts. Many factors play a role in gold price fluctuations and those factors have a major impact on short-term gold prices and long-term prices, but in fact, everyone suggests investing 20 percent of their portfolio in gold. Forecasting the price of gold is a storm that requires multiple reversals and is prone to expert error.

- Plastic waste is increasing at a rate of 20% every year, only 30% out of 100 is recycled. - Landfill and incineration taxes should be imposed in India to encourage recycling instead of dumping In the last five years, plastic consumption has increased rapidly, plastic production has doubled. During the year 2016-17, 13.7 million tonnes of plastic was used every year. It has increased to 19.8 million tonnes in the year 2019-20. That means it has increased at a CAGR of 9.7 percent every year, as stated in the Innovation in Plastics, The Potential and Possibilities report. Currently, 19.8 million tonnes of plastic is used in India every year. Its annual growth rate is about 10 percent. But, talking about its waste, the rate of increase is more than the rate of plastic consumption. During the year 2016-17, 16 lakh tonnes of plastic waste was generated in our country, which has increased to 34 lakh tonnes in the year 2019-20. Which means it is growing at a CAGR of 20.7 percent. 34 lak

- Talk of the market - The richest Bernard's heir is a daughter, not a son Not long ago, Bernard Arnault, who became the richest person in the world, has announced that his daughter Delphine will be the CEO of Dior. 'Dior' is the second largest luxury goods brand in Bernard's Louis Vuitton Group. Until now, the responsibility of 'Dior' was on Bernard's son Antony, but now by making his daughter Delphine the CEO, Bernard has made it clear that Delphine will be his heir. Delphine will become the CEO of 'Dior' from February 1. 'Dior' is a company with sales of 60 billion dollars. Its brand value is around 900 million dollars. Bernard's decision came as Delphine set new sales records as Louis Vuitton's executive vice president. Bernard also has three sons from his second marriage. Jack Ma started cashing in by selling stocks Alibaba Group has sold its 3.1 percent stake in Paytm's parent company One-97 Communications. This stake

- Antenna - Vivek Mehta - The export money made by the chemical industry will get stuck in Europe including Brazil, the economic situation will deteriorate, NPA will increase. The chemical industry is struggling. Since Gujarat's chemical industry has been running at barely 20 to 25 percent capacity for the last six to eight months, a situation has arisen that a number of units associated with the industry have to downsize. This is the situation for the last six months. Secondly, since China has imposed anti-dumping duty from 20 to 80 percent on chemicals exported from India, India's exports have come to a standstill. Third, China has stopped releasing consignments of goods sent to China. As a result billions of rupees of the chemical industry have been trapped. In Gujarat, the chemical units with a capacity of 1000 tonnes are also almost closed now. About 7000 to 8000 chemical units of Gujarat are in Chhatral, Kadi, Naroda, Odhav, Vatwa, Nandesari, Padra, Ankleshwar Dahej,

- Sales Tax - Soham Mashruwala GSTR 2A and now GSTR 2B have shown much ambition under the GST law. Amendments are being made to Article 16 from time to time and claiming tax is like chewing iron gram. Recently Government issued Circular No. 183/15/2022- GST dated 27-12-2022. In which it has been clarified that in the financial year 2017-18 and 2018-19, the claim can be accepted by adopting the method regarding the tax not appearing in GSTR 2A. This matter was discussed in the previous article. In this regard regarding the transaction of the financial year 2019-20 by Karnataka High Court Wipro Limited India [WP No. 16175/2022] dated 6 January 2023 delivered a noble judgment which is discussed in today's article. The facts of the case May by the applicant. In the forms supplied to ABB Global Industries & Services Pvt Ltd and filled by the petitioner, the GST number was wrongly entered. Due to this, the recipient of the applicant's supply does not see the transaction in GS

- Industrial guidance - Dhiru Parekh The raw chemicals used in our modern disinfectants in India are produced by coal tar industries fractionation and distillation plants. It includes chemicals like phenol, creosote, monochlorophenol, high boiling tar acid, chloro xylenol. Creosote Oil :- Creosote oil is used to make disinfectant cleaners. Its carbonization is done at low-temperature by reacting creosote oil with needle solution to form a white emulsion. Creosote has a phenol content of 15 to 20, 20 to 25, and 25 to 30 percent. The creosote oil used for the disinfectant needs to be naphtha free. Phenol :- Phenolic fraction of high-degree purity is produced by modern distillation method. Contains orthocresol and mixed paracresol, high-boiling xylenol and ethyl substituted phenol. Mercuric compound :- Mercuric compounds like mercuric chloride, phen:yl-mercuric borate are used to get high-coefficient. But the use of mercuric compounds is prohibited. Chloro xylenol or monochlorophenol

- Chart Indication - Ashok Trivedi The BSE index (close 60621.77 on 20-01-2023) is soft from a top of 63583.06. Currently, the 12 day average is 60588.58, the 48 day average is 60835.30 and the 200 day average is 58866.16. The daily MACD is bullish. Weekly MACD is bearish. Shows overbought on daily basis, oversold on weekly basis and overbought position on monthly basis. Above 61110, 61394, improvement is seen. 61394 up to 61420, 61670, 61900, 62000 possible. 60470 below 60470 is considered support. If 59628 breaks below that, there is a possibility of 59400, 58395, 58470. Adani Ports (closing price Rs.774.45 on 20-01-2023) is soft with a top of 916. Currently, the 12-day average is 796.44, the 48-day average is 830.75, and the 200-day average is 809.10. Daily and weekly MACD are bearish. Oversold on daily and weekly basis as well as oversold position on monthly basis. Above 797 above 808 resistance level is considered. A low of 771 is possible down to 754, 733. Indian Hotel (closi

- Commodity Current - Jayavadan Gandhi As the countdown to Union Budget-2023 to be presented on 1st February has started, it seems that the government's emphasis on the mission of increasing agri input and farmer income with a special focus on the promotion of the agricultural sector especially for the commodities sector. As the government is emphasizing on natural organic farming, the expenditure on fertilizer subsidy is expected to be limited to around Rs 1.4 to 1.5 lakh crore in the next financial year along with cost reduction policy. The government has gradually increased the support prices over the last few years with the aim of increasing farmers' incomes. is However, since the government's target has not yet been achieved, the government's emphasis on both the above-mentioned factors remains high this year. In the last four years, support prices have increased from four percent to 13 percent. Cereals have increased by six percent, oilseeds and pulses by six to

- Smile Index - Vanity - The poorest in our country, if anyone, is the government, the poor man spends his days in debt As winter is the season of conferences and seminars, several economists gathered for a pre-budget seminar. An economist says, 'Now the analysis of the budget is supposed to be done not on an economic basis, but on a political basis, that is, according to ideological loyalty. So I have no interest if this seminar is about that issue. ' Another economist says, 'There has been a tremendous change. Whatever bit of economics we have learned and taught is becoming useless and has to be updated. ' The third economist yawns and says, 'When was the economics we taught useful, now it is useless. ' A senior economist says, 'Neither the government nor the people are interested in our analysis of the budget. We the people have to take care of ourselves, but this is not a matter of one year's budget. It is a big change. Our finance minister ha

- Private banks can report up to 25 percent increase in their net profit on an annual basis Private sector banks are likely to report strong earnings growth during the October-December quarter of FY2023. Their earnings will be supported by strong loan growth, margin expansion, lower credit costs and lower provisioning costs. However, operating costs can remain high due to investments in businesses. Banks' other earnings will not be affected much in the third quarter, as financial performance is likely to remain strong. According to analysts' estimates, private banks can register up to 25 percent annual growth in their net profit. On a quarterly basis, the net profit of these banks may increase by around 9 percent in the October-December quarter. Additionally, estimates suggest that the net interest income of these lenders could grow by around 18 percent annually and 5 percent quarterly. Analysts expect net interest income to grow 24 percent year-on-year in the third quart

- No one had an idea that Corona would affect the entire world economy - Atapata of Arthakarana-Dhawal Mehta Divination is risky. Much of what is prophesied may not happen and what is not even imagined is likely to happen e.g. When the Second World War started in 1939, no Indian would have imagined that AD. Just two years after the end of the World War in 1945, India will be independent and India will be divided into two. Mahatma Gandhi died tragically in 1948 or Bangladesh became a new nation after separating from Pakistan in 1971. Is. In 2000, no one would have imagined that Kovind's attack in 2019-2020 will cause great damage to the economy of the entire world and work from home will be possible in the offices of the world. Similarly, E.S. In the 1990s, no one could have imagined that the disintegration of the Soviet nation would lead to the formation of 15 new nations and the entire country would change its old name (USSR) to Soviet Russia. Is. India in 2046 On January 1,

- Fundamental rights under Part 3 of the Constitution cannot be abrogated or curtailed by Parliament - A secret plan to change the constitution is beginning to smell Some of the greats of the world have said in one way or another that those who do not learn from the past are condemned to repeat it. Karl Marx went further to say that history repeats itself, first as tragedy and then as Persia. Three constitutional experts have been at the center of the debate in recent weeks. Rajya Sabha Chairman and Vice-President of India Shri. Jagdeep Dhankhar (born in 1951), Lok Sabha Speaker Shri. Om Birla (born 1962) and Minister of Law and Justice Department Shri. Kiran Rijju (born 1971). Mr. Dhankhar must have experienced the crisis days of 1975 to 1977. Mr. Birla must have heard and read about it and Mr. Rijju must have studied his history. In 1967, in Golaknath v. State of Punjab, a property dispute case, the Supreme Court ruled by a margin of 6:5 that the fundamental rights under Part I

Following the negative report of Hidenburg's short position in Adani Group... Nifty down 226 points to 17892 : Bankex down 1172 points : FII/FPIs net selling at Rs 2393 crore MUMBAI: Ahead of Adani Enterprises Ltd's Rs 20,000-crore follow-on public offer (FPO) of shares to the general public on Friday, January 27, in a so-called attempt to tarnish the Adani Group's image, the US The U.S. said it was concerned about the mounting debt of the Adani Group of Companies itself through Hidenburg. Banking stocks as well as Adani Group stocks took a beating today as investors sputtered in the banking sector on the negative impact of reports of short positions in traded bonds and non-Indian traded derivatives instruments. As stated in the report by Hindenburg, due to sky-high valuations in seven listed companies of Adani Group, due to the estimation of 85 percent fundamental decline, small to big investors in the market, funds panicked and began to balance bullish open positions a

Global gold slips from nine-month peak New York crude falls below $80: Global copper also tumbles: Platinum and palladium face a wait though MUMBAI: Gold prices in the Mumbai jewelery market today were on a downward trend from the peak in the bullion market. The fall in silver continued. World market news was showing bullish selling of funds. Gold prices in the world market today were at 1922 to 1926 to 1927 dollars an ounce from 1937 to 1938 lows as the global dollar index and bond yields rose. Behind gold, silver prices were 23.35 to 23.46 to 23.47 dollars in the world market at a low of 23.66 to 23.67. 99.50 per 10 grams of gold without GST in Mumbai market. 57092 worth Rs. 56909 while the price of 99.90 was Rs. 57322 worth Rs. 57138 were there. Mumbai silver price without GST Rs. 68138 worth Rs. 67894 remained. In the Mumbai market, the prices of gold and silver with GAT were three percent higher than this price. 99.50 gold price in Ahmedabad market at Rs. 58700 and 99.90 Rs. 5