Market and Business News

- Industrial guidance - Dhiru Parekh - Tomato ketchup, tomato sauce, tomato ralis: To make each type of product, good quality tomatoes are crushed, tomato seeds and skin are removed with a pumper, and the juice released from tomatoes is filtered. The filtered juice is then given a pasteurized hygienic treatment. The juice thus treated is given an emulsifying treatment. Then the rest of the additive ingredients like sugar, salt, vinegar acetic acid, dehydrated onion and garlic powder, spices, citric acid, ascorbic acid, gum guar or sodium carboxy methyl cellulose which acts as a thickening agent. Finally, sodium benzoate can be added as a preservative at 750 ppm per 100 kg volume and sold in bottles or cans. - Tomato juice: after giving pasteurized hygienic treatment to the juice as per above formulation, remaining additive ingredients like salt-sugar, dextrose, citric acid, malic acid, ascorbic acid, permitted color, and sodium benzoate as preservative- 250 pp per 100 liter volume T

Stay in the room for 100 days, take away 4 crores The new challenge of Mr. Beast, who created a sensation with his videos on YouTube, has created excitement all over the world. In this challenge, a boy named Bailey and a girl named Suzy have to live together in a room for 100 days. If both stay together for 100 days, they will earn 5 lakh dollars i.e. about 1.10 crore rupees, but if either of them leaves the room tired, neither of them will get anything. Both of them are not allowed to keep the phone while staying in the room. Whether or not Bailey-Suzy will take home $5 million is unknown, but Mr. Beast's earnings have already started. More than 9 crore people watched the video within a day after it was uploaded. Why did Trump's daughter-in-law go to Israel? Jared Kushner, the son-in-law of the former US President Donald Trump, has attracted the attention of the whole world when he arrived in Israel with his wife Ivanka. On October 7, Hamas visited Kibbutz Far Azza, a bor

- Non-inherited deposits in banks Rs 42,270 crore, Provident Fund Rs 21,500 crore, Insurance Rs 21,539 crore unclaimed - One should discuss the details of one's bank account with one's wife or children and other close people, if the family member dies suddenly, it becomes very difficult for his heirs to get the account money. - India's finance minister Nirmala Sitharaman last month told banks to find claimants of billions of rupees lying in banks. Go to his house and find his heirs. It is welcome that the government is trying to channel the money to the claimant, but the nominee system that has been set up now will only reach certain claimants... Billions of rupees are falling in banks, insurance companies, PFs for which there is no claimant. It is called unclaimed money. As there is no claim for this money, it has become a matter of concern for the government. A dead body associated with the investigation of a crime is called lavarish. If no one comes to take possessi

Indian and US revenue officials have discussed ways to accelerate efforts to reduce illicit financial risks and global implementation of anti-money laundering standards for virtual assets. According to the joint statement, during the discussion, participants discussed the experiences of virtual assets and their service providers to promote responsible innovation while mitigating illicit financial risks. According to the statement, both sides emphasized the urgent need to accelerate the global implementation of AML/CFT standards for virtual assets to effectively address the issue of regulatory arbitrage in line with the recommendations of the Financial Action Task Force. This is an important step to combat money laundering and other financial crimes. It allows authorities to trace the flow of money and identify those responsible for it. India and the US agreed to convene talks again next year to take these discussions forward and increase coordination and cooperation at the bilateral

In the name of indiscriminate development we are ruining our precious tourism treasure India's domestic tourism sector has been undergoing a complete transformation in the last two decades due to better roads and better air connectivity as well as the growing affluence of the middle class. Now many monuments and tourist spots are seeing more domestic tourists than foreign tourists. However, this trend was evident even before Corona. However, it is sad to see that the condition of our popular tourist destinations is rapidly deteriorating due to the unresolved tension between conservation and development. Which is an irreparable loss of the most important capital asset of the industry. The irony of conservation and development is that so much is often lost in such efforts. Recently, a two-day Global Investors Conference was organized in Dehradun, the capital of Uttarakhand, a new trend of competitive federalism. Dehradun came to a complete standstill due to the incident. However,

- Lokabhimukha Guidance - H.S. Patel IAS (Retd.) - Online permissions need to be simplified under “Ease of Doing Business”. Among the important laws regulating land/property are the provisions of Land Revenue Act-1948, TP Act 1879, Saurashtra Gharkhed (Suitable to the districts of Saurashtra). Matters related to land/property touch most of the population in one way or another. Importance of revenue records relating to land/property as a document of ownership/occupancy. When the Land Revenue Act or the Land Reforms Acts were enacted, all the sections of these Acts were operative. Among the limited provisions now used are Section-37(2), 38, 61, 65, 65B, 66, 67 of the Land Revenue Act, Section-203 to 211 Revision and Appeal Provisions of Title Rules under Chapter-10A. Similarly in the Act, Section-43 (new proviso) 63 as well as 74 and 76 provide for revision and appeal. Thus the provisions of Section-54 / 55 under Saurashtra Gharkhed are applicable. Maintenance of revenue record - As p

- Boolean Bits - Dinesh Parekh In the global market, the Fed will cut interest rates four to five times from the beginning of the year 2024, says Goldman Economist Jane Hexit, and adds that further changes in economic conditions will push gold prices higher and hit between $1,975 and $2,100 an ounce, Chicago Fed President Otto Gulsvey said. It is that next year the Fed will gradually reduce or increase the interest rate and will determine the price of gold depending on how much it will control inflation and any changes in the financial flow. Gold may once again break through the bearish circle and show new highs such as $2025 and $2200 per ounce after hitting $1875 and $1975 per ounce. As the dollar index shows a bearish trend, gold starts bullish and prices crash between $2,200 and $2,400 per ounce. During the days of war, gold would set its own price, with oil prices also supporting the bullishness of gold. A ban on the movement of ships in the Red Sea will cause a break in the r

- Sales Tax - Soham Mashruwala Under the GST Act, there is an overriding requirement of accounts that there should be no errors in the forms. Many a times, despite care, wrong GST number is entered while detailing external supply in the forms, resulting in difficulty for the recipient to claim his tax credit. Changes cannot be made on the GST portal if the time limit for making this amendment has passed. Due to this, the recipient is not liable to tax under Rule 36(4). In such a situation, if no opportunity is given to correct the GSTR1 form, a dire situation will arise. To resolve this, the government through a circular clarified that the tax claim can be allowed through the certificate of a chartered accountant for the period till December 2021, since the concept of GSTR2B has been introduced, the tax claim based on such certificate is considered invalid. A dilemma arises as to what to do in such a dire situation. For the period till GSTR2B came in, the Bombay High Court has recent

- Antenna - Vivek Mehta - Only Rs. 4.20 lakhs investment and sold onion paste for Rs. 7.5 lakhs can be earned Narendra Modi's BJP government has banned the export of onion. Under its influence, onion farmers of Gujarat are not getting enough prices. Farmers shout. But they have the option of value addition. Beyond providing credit to farmers and benefiting from subsidies, cooperative societies have to take the lead and be active in moving farmers forward in the direction of value addition. It is now more important that FPO operators also venture into food processing. Value addition will enable farmers to get real income of their right by breaking the middleman chain. This income can be four times more than the income from sale of onion. Onion paste or onion powder does not only have its market in India, there is scope to export it outside India as well. Nowadays the time of ready to eat food has come. Today ready-to-serve packets of edible dal for making dal rice are available

- Chart Indication - Ashok Trivedi The BSE index (close 71106.96 on 22-12-23) is bullish from a low of 63092.98. Currently, the 12 day average is 70161.73, the 48 day average is 67682.17 and the 200 day average is 64675.71. Daily and weekly MACD are bullish. Shows positions towards overbought on daily and weekly basis as well as overbought on monthly basis. Above 71259 above, if it goes up to 72000, 72670, 73350. If 69900 breaks below 69100, weakness will increase. There seems to be ample possibility of a correction in the market. Crompton (closing price Rs.301.80 on 22-12-23) is bullish from a bottom of 275.30. Currently, the 12-day average is 294.89, the 48-day average is 292.14, and the 200-day average is 299.28. It shows neutral position on daily and weekly basis as well as oversold position on monthly basis. Above 308 above 312 and 320, the long-term trend will favor correction. 328 above 328, 345 possible. 288 below 296 is counted as support. IOB (closing price Rs.42.95 on 22

Industrial Guidance - Dhiru Parekh Hygienic condition medicinal mushroom is being produced in organic farms in good quantity in Gujarat. In which Reishi, Maitake, Shiitake, Monkeyhead type of mushroom are the main ones. Each of these types of mushrooms has its own properties. This type of mushroom is especially capable of preventing cancer. Reishi Mushroom :- Scientific Name : Gonoderma Lucidum Reishi mushroom has anti-allergic, anti-inflammatory, anti-bacterial, anti-viral and anti-oxidant properties. The Chinese and Japanese use reishi mushroom to treat liver disorders, hypertension, and arthritis. The reici mushroom belongs to the Ganoderma family as a whole, and together with polysaccharides, adenosine and triterpenoids have different medicinal effects. Polysaccharide: This is known as a detoxification cleanser. Which helps in reducing the blood sugar level. Adenosine: This is a type of regulator. Which helps in keeping the level of the body the same and reduces the level of

- Antenna - Vivek Mehta - India raised questions before the World Trade Union regarding the rules of the European Union countries not to provide market for the products made by cutting down the forests. European Union countries now want to consume only products that do not deplete forests. These rules have been brought into effect from 29th June 2023. However, time has been given for companies to implement it till 30th December 2024 and for small and medium enterprises till 30th June 2025. The exporter or marketer of the new products has to prove that the products he has prepared are not made from forest products harvested in the last few months. With the implementation of these rules, it is estimated that 320 lakh metric tons of carbon will be reduced per year. Companies violating the rules on deforestation-free products will be fined up to four percent of their total exports to European Union countries. The amount of penalty can be increased in proportion to the financial benefit

- Sales Tax - Soham Mashruwala There is a very strict provision under the GST Act regarding taxation. Generally, when the customer or recipient pays the GST shown in the bill to the supplier, he assumes that the supplier will pay the tax and that the entire responsibility rests with the supplier. But there is a provision in the GST law that if the supplier does not pay the tax, the receiver is ordered to suffer and not give his tax credit. Regarding the supplier without any investigation, in which case action is taken directly on the recipient. By Calcutta High Court Suncraft Energy Pvt. Vs. A very noble judgment given in Assistant State Tax Commissioner (MAT 1218 of 2023). Naturally, the judgment came in favor of the businessman, so the Khatu appealed to the Supreme Court and the Supreme Court rejected the plea of ​​the Khatu and upheld the judgment of the Calcutta High Court. This matter is discussed in today's article. The facts of the case The petitioner company noticed a d

- Technical barriers and policy discrepancies pose significant challenges to emissions reduction Climate talks during the COP28 conference in Dubai focused on the goal of limiting the rise in Earth's temperature to 1.5 degrees Celsius above the pre-industrial (1850-1900) average of 13.9 degrees Celsius by the end of the century. This target was previously set in the Paris Agreement in 2015, which is considered necessary to prevent some of the most devastating effects of climate change. To achieve this goal, many countries will have to drastically reduce their greenhouse gas emissions. Climate models show that the global temperature has increased by 1.4 degrees Celsius. These models clearly show that if we do not reduce emissions, they will increase by three degrees Celsius by 2100. Greenhouse gas emissions, which were 14.5 billion tons in 1970, will increase to 53.8 billion tons by 2022. To keep temperature rise below 1.5 degrees Celsius, we would need to cut emissions by 42 perc

- Smile Index - Vanity - Garib Kalyan Mela will be stopped after Sensex reaches 1.5 lakh The officials were confused in the finance department. On the one hand, there was an order from above that before the 2024 elections, the country should be declared a developed nation. On the other hand, there was an instruction to ensure that the schemes for the welfare of the poor reached the maximum number of people and give a report. An officer scratched his head and said, 'Brother, I don't understand. If the country becomes developed, will the poor decrease or increase? Where are we going to find the new poor now?' The second officer gave him a spoon and said, 'You must understand the government's order. The government may be talking about the developed poor.' The third officer fell out of his chair smiling. 'What is the developed poor? What type of development did this take?' A fourth official warned him. 'Government instructions are serious business

The European Union passed the first artificial intelligence law in the world The European Union has passed the Artificial Intelligence (AI) Act. It is the first artificial intelligence legislation worldwide and provides a model for regulation and oversight. It could also become a global consensus standard on AI regulation. India is also currently making efforts in this direction and is trying to bring a declaration document on the subject at the ongoing Official Intelligence Global Partnership Summit. Artificial intelligence has made manufacturing cheaper in many fields. This has led to intensified drug discovery and new initiatives in materials science research. From scientific research to autonomous transportation, healthcare and disease detection, and from smart power grids to financial systems and telecommunication networks, they can prove to be very useful at the level of private and public services. But artificial intelligence can also lead to criminal activities. It puts mor

- Works and ideals of Sardar Patel - Lokabhimukha Guidance - H.S. Patel IAS (Retd.) Gandhiji said that if I had not met Sardar, I would not have been able to embody my thoughts and ideals Part-2 Sardar Sahib's 73rd Nirvana Day - December 15, 2023 Three days ago, everyone remembered it in the form of remembrance. There is a period of only one and a half months between the date of Sardar Sahib's birth and the period of his death. Sardar Sahib is alive for this country day by day. (Living Legend) The message of his life is the great achievement of his creation of Akhand Bharat for this country. But apart from that his decisions, organization power, strong will power, toughness along with maturity etc. are outstanding qualities. The princes of the then peer freedom struggle have written their autobiographies. When he was the Deputy Prime Minister of the country, a Jain Muni asked him that Sardar Sahib, why don't you write your autobiography, then he said that I Don't W

- The Central Consumer Protection Authority warned the companies from the notification - Occasional - Promotional discount advertisements displayed as part of a trap to drive the customer to the product must be stopped 'Buy smart phone at 50% discount'... 'Up to 80% discount on kitchen items'... 'Get TV-Fridge-Doorbell at half price'... 'Get 75% discount on clothes-shoes'... 'Buy a jacket today at the price of a T-shirt'... 'Get branded products at 32% of the original price'... Such ads are found everywhere in e-commerce apps. At the time of Diwali and December sales, there are such advertisements that people leave everything else for two hours and sit down to see those items. Even if you don't need it, buy something from it. Many a times, the product looks so good that even though it is not desired, the mind of the customers is enticed. But when the parcel is delivered it comes to know that 'the product is not as seen'.

- The Conundrum of Economics - Dhawal Mehta - Political parties make greedy promises to people to get power Education and health services in India are still incomplete. The argument that primary and secondary education, which is the responsibility of the states, is the responsibility of the center and therefore we cannot interfere with it, is weakly lame. India's current estimated population of 142 crores will become its greatest asset only when India has a primary secondary school system similar to that of European countries and America, with 100 percent literacy. What is the reason why thousands of primary or secondary schools in the states of India (including Gujarat state) have shortage of teachers and they are not sufficient? The education system and health system in India is so weak that the average life expectancy of Indian people is only 70 years while it has reached over 80 years in European countries and America. If India doesn't eliminate the massive subsidy on g

Accelerating market growth with stable interest rates The central bank's decision to keep the repo rate unchanged could encourage potential buyers of houses, cars and durables, sources at top companies said. RBI's monetary policy announcement will give a good boost to industry confidence. Top Maruti Suzuki India sources said, revisions on GDP growth rate, holding repo rate and maintaining inflation outlook will strengthen confidence in the ecosystem for the coming year. According to the Federation of Automobile Dealers Association, November saw the highest ever vehicle sales in the history of the Indian automotive industry. Consumers across various segments and categories purchased a total of 28.54 lakh units, surpassing the previous record of 25.69 lakh units set in March 2020. The same is true for consumer durables, which have had a good festive season this year. The Consumer Electronics and Appliance Manufacturers Association said a stable interest rate environment would h