Market and Business News

- Bullion Bits: Dinesh Parekh - Gold prices in the world market will rise to 22 2200 this year: the current price is around 1950 dollars! While the United States and European countries are worried about Russia's threat of a nuclear attack in the world market, Ukraine has not surrendered on the battlefield and Russia has started attacking and destroying Ukrainian cities. US Fed Chairman Jeram Powell has hinted that the April-May rate hike will raise interest rates by 1 / 2- 1/2 per cent to curb rising inflation. Felt to spot. And at the end of the week, the price was 15. This is a time of war, in which inflation has set in and gold is booming. America is doing a financial section on the one hand and increasing its debt by printing notes to keep the financial flow to the treasury which will work to give more pain to the Americans. Borrowing new money confuses American tax payers. In addition, 90% of Americans are unable to save at all and are being pressured under the burden of i

- Aataapakarana Atapata: Dhawal Mehta World economy in disarray: Russia's invasion of Ukraine has damaged the world economy. While the world has barely emerged from the Covid epidemic, it is in a state of war created by Russia. The economics and politics of the world are in a state of turmoil at the time of writing. In the second week of March, crude oil prices soared to ૩૯ 12 a barrel during the war. In December 2021, the price of crude oil, which was three months ago, almost doubled in just three months. Of course, now it has come down to about ડો 100. Rising crude oil prices will hurt many countries, such as India, which do not rely on fuel oil imports. The world's economy was plunged into an 'oil crisis' when OPEC (oil producing country) countries suddenly doubled and tripled fuel oil prices. The crisis gave birth to the market economy of Margaret Thatcher in Britain and Ronald Reagan in the United States. Now this ideology of market fundamentalism has given birth

People-oriented guidance: - H.S. Patel IAS (Retd.) Quality, Uninterrupted Changes in the current agricultural zoning system are inevitable Continued from the past As mentioned in the previous article about electricity supplied to Gujarat's agriculture sector through four state government owned power distribution companies (Discoms) as well as technical and commercial matters of the entire power sector. The zoning system (including rotation to night zones) was introduced as part of load management, which is still in force today after the implementation of 'Jyotigram Yojana' in villages. Before it was decided to provide electricity to the rural area (village level) through Jyotigram for 3/4 hours in the villages, agriculture and lighting was provided in the villages through GEB's rural feeder. Which had a lot of irregularities. In contrast to the intermittent distribution in three phase agriculture, farmers used electricity using Capacitor-Tata, which had no quality

- Commodity Current: Jayavadan Gandhi Trading in futures and futures is almost sluggish as most of the state's agricultural markets will be closed for a week due to the March ending. Last week's sell-off in agricultural markets put a brake on the sell-off. However, the peasantry is happy to see farmers getting double the price of their produce this year. Central as well as state governments are keen to forgive farmers' debts as well as provide other financial assistance. Markets for most agricultural products are also higher than support prices. This year, the government has been pushing hard to increase wheat exports, especially due to Russia and Ukraine. Following the incentive policies of the government, the production of foodgrains in the country in the year 2021-2 has also reached a record break of about 206 million tonnes. The country has become almost self-sufficient in all food items except edible oil. In the last seven years, support prices have risen by 5 per ce

- Sales tax: Soham Mashruwala Provision is made for Form Verification under Section 31 of GST Act. It is stated in the clause that if any defect is found after verification of the form, the answer has to be reduced by the officer in case it is not satisfactory. This raises the question of a time limit as there is no time limit in section 21 of the CGST Act. In addition, the government has issued instructions to conduct an investigation. CBIC-20006/4/2022-GST NOTICE NO. 02/2022-GST dated 6th March 203 Today's article discusses the issue of sheet verification. Section 21 and Rule 3 Section 21 of the CGST Act empowers the Accounts Officer to verify the form and in case of any defect, details have to be sought from the person registered in the sample ASMT-10 within 30 days as per Rule 3. The registered person has to pay the amount if the difference is valid and reply in ASMT-11. If the officer deems it more appropriate, the person registered in ASMT-12 has to be informed. If all el

- Chart signal Ashok Trivedi The BSE Index (closed at 8.30 am on 3-08-2) is in favor of a reactionary correction from the bottom of 20.8. At present, the average for 15 days is 6.5 and for 4 days it is 314.5 and for 200 days it is 303.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows positions from Overboat to Neutral on a daily basis, Overboat on a weekly basis and Overboat to Neutral on a monthly basis. Above 6 is considered 518 important surfaces. If the bottom 510 breaks down to 2, the possibility of up to 200, 50, 50, 2050, 50, caution is required in the new loan. Biocon (closing price of Rs. 2.30 dt. 3-06-9) is in favor of reactionary correction from the bottom of 214.10. At present, the average for 15 days is 4.5 and for 8 days it is 4.5 and for 200 days it is 8.50. Daily and weekly MACDs are soft. Overbought on a daily basis, oversold on a weekly basis and oversold on a monthly basis. Below are 3 support counts. B Soft (closing price Rs. 2.30 dt. 2-06

- Bullion Bits: Dinesh Parekh - Gold prices in the world market will rise to 22 2200 this year: the current price is around 1950 dollars! While the United States and European countries are worried about Russia's threat of a nuclear attack in the world market, Ukraine has not surrendered on the battlefield and Russia has started attacking and destroying Ukrainian cities. US Fed Chairman Jeram Powell has hinted that the April-May rate hike will raise interest rates by 1 / 2- 1/2 per cent to curb rising inflation. Felt to spot. And at the end of the week, the price was 15. This is a time of war, in which inflation has set in and gold is booming. The US is doing a financial section on the one hand and increasing its debt by printing notes to keep the financial flow to the treasury which will work to give more pain to the Americans. Borrowing new money confuses American tax payers. In addition, 90% of Americans are unable to save at all and are being pressured under the burden of in

- Aataapakarana Atapata: Dhawal Mehta World economy in disarray: Russia's invasion of Ukraine has damaged the world economy. While the world has barely emerged from the Covid epidemic, it is in a state of war created by Russia. The economics and politics of the world are in a state of turmoil at the time of writing. In the second week of March, crude oil prices soared to ૩૯ 12 a barrel during the war. In December 2021, the price of crude oil, which was three months ago, almost doubled in just three months. Of course, now it has come down to about ડો 100. Rising crude oil prices will hurt many countries, such as India, which do not rely on fuel oil imports. The world's economy was plunged into an 'oil crisis' when OPEC (oil producing country) countries suddenly doubled and tripled fuel oil prices. The crisis gave birth to the market economy of Margaret Thatcher in Britain and Ronald Reagan in the United States. Now this ideology of market fundamentalism has given birth

People-oriented guidance: - H.S. Patel IAS (Retd.) Quality, Uninterrupted Changes in the current agricultural zoning system are inevitable Continued from the past As mentioned in the previous article about the supply of electricity in Gujarat's agriculture sector through four state government owned power distribution companies (Discoms) as well as technical and commercial matters of the entire power sector. The zoning system (including rotation to night zones) was introduced as part of load management, which is still in force after the implementation of 'Jyotigram Yojana' in villages. Before it was decided to provide electricity to the rural area (village level) through Jyotigram for 3/4 hours in the villages, agriculture and lighting was provided in the villages through GEB's rural feeder. Which had a lot of irregularities. In contrast to the intermittent distribution in three phase agriculture, farmers used electricity using Capacitor-Tata, which had no quality o

- Commodity Current: Jayavadan Gandhi Trading in futures and futures is almost sluggish as most of the state's agricultural markets will be closed for a week due to the March ending. Last week's sell-off in agricultural markets put a brake on the sell-off. However, the peasantry is happy to see farmers getting double the price of their produce this year. Central as well as state governments are keen to forgive farmers' debts as well as provide other financial assistance. Markets for most agricultural products are also higher than support prices. This year, the government has been pushing hard to increase wheat exports, especially due to Russia and Ukraine. Following the incentive policies of the government, the production of foodgrains in the country in the year 2021-2 has also reached a record break of about 206 million tonnes. The country has become almost self-sufficient in all food items except edible oil. In the last seven years, support prices have risen by 3 per ce

- Sales tax: Soham Mashruwala Provision is made for Form Verification under Section 31 of GST Act. It is stated in the clause that if any defect is found after verification of the form, the answer has to be reduced by the officer in case it is not satisfactory. This raises the question of a time limit as there is no time limit in section 21 of the CGST Act. In addition, the government has issued instructions to conduct an investigation. CBIC-20006/4/2022-GST NOTICE NO. 02/2022-GST dated 6th March 203 Today's article discusses the issue of sheet verification. Section 21 and Rule 3 Section 21 of the CGST Act empowers the Accounts Officer to verify the form and in case of any defect, details have to be sought from the person registered in the sample ASMT-10 within 30 days as per Rule 3. The registered person has to pay the amount if the difference is valid and reply in ASMT-11. If the officer deems it more appropriate, the person registered in ASMT-12 has to be informed. If all el

- Chart signal Ashok Trivedi The BSE Index (closed at 8.30 am on 3-08-2) is in favor of a reactionary correction from the bottom of 20.8. At present, the average for 15 days is 6.5 and for 5 days it is 314.5 and for 200 days it is 303.5. The daily MACD is pro-reform. The weekly MACD is pro-softening. Shows positions from Overboat to Neutral on a daily basis, Overboat on a weekly basis and Overboat to Neutral on a monthly basis. Above 6 is considered 518 important surfaces. If the bottom 510 breaks down to 2, the possibility of up to 200, 50, 50, 2050, 50, caution is required in the new loan. Biocon (closing price of Rs. 2.50 on 3-08-2) is in favor of reactionary correction from the bottom of 213.10. At present, the average for 15 days is 4.5 and for 8 days it is 4.5 and for 200 days it is 8.50. Daily and weekly MACDs are soft. Overbought on a daily basis, oversold on a weekly basis and oversold on a monthly basis. The following is considered support. B Soft (closing price Rs. 2.30

- There is also a risk of a decrease in the value of assets due to the length of the settlement process Lenders are being forced to spend more and more money in settling cases under the Insolvency and Bankruptcy Code (IBC). Few investors seem to be eager to buy assets under stress amid the economic downturn caused by the Corona epidemic and investors who come in want to buy assets at huge discounts. The decline in private consumption caused by Corona has made recovery challenging for many companies. Corona has further depreciated the value of assets at a time when there is a lot of time spent in disposing of assets under stress due to issues such as loss in legal proceedings and unusual delays in resolving cases. Due to various adversities, the recovery rate of financial lenders in the December 2011 quarter was 15.50 per cent lower than the number of cases filed. The overall recovery figure, which stood at 7.50 per cent in the September 2018 quarter, also declined to 8.10 per cent i

- The ruble weakened significantly after the Ukraine crisis The world has changed since the Russia-Ukraine war. It is too early to understand the full consequences of the war that is about to unfold. But two things are quite clear. Russia's military action in Ukraine is expected to bring about changes in the system of international relations in the long run. Second, the trend of globalization began to reverse before the Ukraine crisis, but now it has suffered a major setback. There are fears that the war could have an adverse effect on the economies of countries around the world and increase inflation. Russia has declared the debt of Russian companies to other countries as an unfavorable issue for payment in foreign currency following sanctions imposed by Western countries. Now these payments can only be made in rubles. Thus, Russia has hit the West indirectly. Russia's move is likely to hurt Western banks and companies. The ruble has weakened significantly since the Ukraine

- PSU banks easily raised money from the market due to improved financial condition The government has not required capitalization of any state-run banks except Punjab and Sind Bank in the current financial year. This will probably save Rs 10,500 crore out of the Rs 15,000 crore earmarked for this purpose in the revised estimates (RE) for FY2. This can be considered as the lowest capital inflow by the government in the last 15 years. Last month, Punjab and Sind Bank sought approval from its board to raise equity capital of Rs 4,500 crore by issuing preference shares to the government, which would enable it to increase its capital adequacy. The government has not budgeted any amount for recapitalization for the next financial year. Public Sector Banks (PSBs) reported profit in FY11 despite the epidemic. In addition, many of them have raised significant capital in the last two years. " The senior banker said that since all public sector banks are well-capitalized, their ability

- The Reserve Bank will wait for fiscal policies to curb inflation In these rural times, monetary policy will be based on local macro-economic conditions rather than global factors. However, measures to tighten liquidity by the federal and some other major central banks could force the RBI to adopt a less ambiguous tone at its next policy meeting in April. While its favorable trend must continue to support growth. U.S. The Federal Reserve's decision to raise interest rates for the first time in three years will only have a limited spillover effect on India, as markets have largely absorbed the impact, economists said. In addition, given the strong macroeconomic fundamentals, India is well prepared to withstand any external shock. The Reserve Bank and the government also have the tools needed to remove most of the extra spill, he added. In fact, the stock markets responded favorably to the Fed's rate hike. Foreign portfolio investors, the main channel for spillover, have pul

- Out of about 1,100 loan applications available for Android users in India, 200 apps were found to be illegal. - Fintech applications offering instant loans at high interest rates explode like a cat's cap Fintech Industries is expanding rapidly in India and the growing acceptance of online payments from Indians is a major support. However, incidents like bogus loans, KYC data leaks have created a climate of mistrust in the fitneck industry which has hampered the growth path. Surya Prakash Tripathi is a 40-year-old marketing professional and his CIBIL score assigned by a credit information company is mostly above 200. He received a number of credit card and personal loan offers every day. However, a few days later, he was shocked by an incident when it was reported that his CIBIL score had dropped to 40. The incident led to him being disqualified from being a guarantor in his co-worker's loan application due to his low credit rating. Tripathi questioned the credit monitori

- Gold days are coming to India for capital investment: Global investors are leaving China and coming to India. India is also booming in the field of artificial intelligence - Areas in which investment opportunities will increase over the next ten years include fintech, electric vehicle, pharmaceutical, digital etc. - Unicorn companies are working miracles in India. According to a report, 11 new unicorn companies are coming - In politics what is called double engine government the flow of capital investment will also be like double engine for industries. This will increase capital investment in key sectors as well as benefit new emerging sectors Gold days are coming to India for capital investment. This is not what the government is saying, but Kumar Mangalam Birla, whose companies have a turnover of ૩ 50 billion a year and whose company employs about 1.5 million people, is saying that the next ten years will see a flood of capital investment in India. The flow of capital investm

- Like the Organization of the Petroleum Exporting Countries (OPEC), the Consumer States are now in the process of forming an organization! The recent unprecedented jump in the price of Crew Detail has stunned world market veterans and big players as well as fund managers. The impact of the war between Russia and Ukraine on the crude market has been significant. However, even before the war, crude oil prices were seen rising globally and since then, the recent war effect has given rise to such a boom, according to world market sources. Russia ranks second only to Saudi Arabia in terms of crude oil exports to the world market. In such an environment, the price of Brent crude oil in the world market soared to ૩૯ 15 to ૪ 120 a barrel and the market rushed to set a new record. Crude prices soared to a 15-year high. Earlier, crude oil prices jumped above ૪૫ 15 a barrel in 2008, which was an all-time high, and in the recent boom, although the market has not yet reached a record high, var

- Antenna-Vivek Mehta - Customs duty can be paid without the burden of interest only when the raw material is imported without paying the customs duty and then the finished product is not exported. The Government of India has announced a Customs Bonded Ware House Scheme for the country's manufacturers. Machinery can be imported under this scheme without paying duty and without obligation to export. Similarly, if the finished product manufactured from imported raw materials is exported, it will not be forced to pay import duty. Even if the finished goods are destroyed in the warehouse in this way, the obligation to pay customs duty on the import of raw materials for it will not be burdened. Yes, new companies can take advantage of this scheme. But before taking advantage of this, he needs to get a clear understanding of the pros and cons of the scheme. Yes, the manufacturers who come forward to avail the benefits of this scheme will not be given benefits under other schemes i.e.