Market and Business News

- The country has not seen the expected increase in solar and wind energy production Russia's invasion of Ukraine disrupted the supply of crude oil and gas around the world, including in India. Most countries in the world depend on imports of crude oil and gas from a handful of countries for their fuel needs. The rise in global fuel prices has a direct impact on the economies of importing countries and also puts their financial position under pressure. The emphasis has so far been on reducing the use of conventional fuels such as coal and petrol-diesel as part of reducing pollution in the world, including India, and replacing non-polluting energy. But nothing solid happens. Russia-Ukraine has told the world that there is an urgent need to increase its consumption of renewable energy. Renewable energy consumption is also cheaper than conventional thermal power, although its output does not increase as expected. There is no denying that crude oil and gas prices will fall after the...

- Lithium prices soar like spring: Cobalt and nickel prices also rise: Battery manufacturers start looking for new alternatives? In the wake of the Ukraine-Russia war, trends in various markets and industries have been rapidly reversing recently. Crude oil prices in the world market recently reached a new high of 17 years. Petrol-diesel, gas, etc. prices have risen globally due to the rise in crude oil. Rising diesel prices in the US recently hit a record સાત 7 a gallon. The rise in petrol-diesel prices has also adversely affected the market demand for its vehicles and the stock market has recently come under pressure from various automakers in the country and abroad. However, in such an environment, market experts are showing the possibility of increasing the market size of electric vehicle EV sector vehicles. Globally, Tesla started making EV vehicles years ago and recently various vehicle manufacturers in the country and abroad have seen a rapid shift towards EV vehicle products. ...

- 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...

State-owned oil marketing companies have decided to increase the price of diesel by Rs 5 per liter, keeping retail prices unchanged for wholesale consumers. This is expected to create huge discrepancies in the fuel market. After this, questions will also arise about price reform. Last week, three state-owned companies, Indian Oil, HPCL and BPCL, which account for 50 per cent of fuel sales, hiked fuel prices for wholesale consumers such as public transport buses, industries, airports, malls and Indian Railways. In Mumbai, the price of diesel for wholesale consumers has gone up to Rs 19.05 per liter while retail consumers are getting petrol at Rs 2.15 per liter at the pump. In Delhi, the prices are Rs 115 and Rs 2.5 per liter respectively. Of course, the Russia-Ukraine war caused a sharp rise in crude oil prices and so this rise was also long overdue. Doubling the rate for diesel is a retaliatory measure and is detrimental for a number of reasons. Prices at petrol pumps have long been s...

- 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...