Market and Business News

- The whole world is crying recession but in India shopping mood is booming due to festive season. - The growth of the economic system must be linked to the growth of the rural economy. Festivals boost the rural economy. Diwali purchases are also associated with bonuses - 3000 crores worth of gold has been sold in the country during Karva Choth festival last week. Now the gold will be sold on Dhan Terse, which will be worth approximately 4000 crores. - The President of the World Bank, David Malpass, has recently said that a global recession is coming, so be careful. The global growth rate has also been underestimated The festive season of Diwali has started. The whole world is crying recession but in India shopping mood is picking up due to festive season. In the wake of satisfactory rains in Gujarat, people have thronged the markets for shopping. Now two markets are being monitored. One is the local markets and the other is the e-commerce market. As Diwali sale boards swing in lo

- Britain's agreement to spread its wings in Europe after Corona and the Russia-Ukraine war is important - In times of recession, no country is particularly eager to enter into a free trade agreement - Countries with which India has entered into free trade agreements are not seeing the expected results On the one hand, India's export performance is not progressing as expected or even as encouraging, while on the other hand, the process of free trade agreement with the United Kingdom (UK), an important trading hub for India, was progressing at a slow pace, with political crisis again arising in Britain. A trade deal with it is unlikely to be finalized until the middle of next year. According to the original plan, these agreements were to be signed between the two countries by Diwali, but the UK had already rejected this possibility. Not only have the two countries not yet succeeded in resolving existing differences in terms of providing broad market access to certain types o

- Smile Index : Vanity - Once ghost ration cards were caught, now people die as if they have seen a ghost just by seeing the price of ration. At one time, ghost students were okay in schools, but ghost teachers were also frequently caught. Haunted rooms were also reported in some schools. Of course, what is worth noting is that since the privatization of education has increased, the number of ghost teachers and students found has also decreased. Not even a ghost brother has yet realized what a ghostly connection this is between government and education. Once upon a time, the term ghost ration card was very popular. However, the term ghost ration card has almost disappeared since people started freaking out after seeing the ration prices as if they had seen a ghost. It is said that whenever the government announces a massive debt waiver for farmers, ghost farmers erupt from village to village. Farmers and farms are fine, but at one time in Panchmahal and Dahod in Gujarat, a loan sc

- Confusion of economics: Dhawal Mehta - Weaknesses and strengths of the country's economy need to be properly assessed India is less likely to fall into recession as the Indian government's fiscal and monetary management is not outstanding but satisfactory. India's inflation rate may have crossed the six percent limit but it was more than Britain's eight percent rate. Apart from this, many European countries also have higher inflation rate than India's inflation rate. Countries around the world display economic growth rates and other economic figures during the calendar year i.e. the period from 1st January to 31st December, whereas for historical reasons India adheres to the Kadanga financial year of 1st April to 31st March, it is difficult to compare India's performance with the annual figures of different countries. becomes Why don't we measure our performance in calendar year? The top UN agency has projected India's economic growth rate for the c

- Lokabhimukha Guidance - H.S. Patel IAS (Retd.) - Responsibilities of promoter in case of transfer of real estate project to third party have been laid down The previous issue outlined the basic definitions of the Real Estate (Regulation and Development) Act (RERA) and stated the main objective of enacting the Act. The main three organs are important in this Act, the Regulatory Authority, the Promoter i.e. the Developer and the Third Party / Borrowers / Buyers. First of all, the functions and duties of the promoter developer are stated in Chapter-2 of this Act from Article-11 to 18, then under Article-4, the real estate project has to be registered with the authority. Documentary evidence with all the project matters has to be submitted along with the application and registration has to be done by the authority within 30 days under clause-5 and after getting the login id and password at the time of registration, the concerned promoter has to create a webpage on the website of the a

- Commodity Current : Jayavadan Gandhi Meanwhile, during Diwali, in the gold and silver market this year, the jewelers have put a lot of effort to do maximum business, but the question of inflation is bothering them. Gold has become cheaper in Vaishchik market. Due to currency and tax issues in Indian markets, gold has become expensive and has affected demand. Internationally, last Diwali, gold prices were around $1780 per ounce. Which has now broken down to 1670 dollars, that is, an average of 100 to 110 dollars has become cheaper. Similarly silver was around 23.80 dollars last year which is currently at the level of 19 dollars. But due to higher taxes and currency erosion in Indian markets, gold and silver prices have risen. Last year, the price of gold was around 49000 rupees on Diwali and currently it is running at the level of 52000 rupees. 15% import duty and 3% GST on gold imports results in a total tax burden of 18%. Also, last Diwali, the dollar was around 74 rupees, which i

- Sales Tax : Soham Mashruwala The GST Act is now five years old. It comes as no surprise that the entrenched provision under the law and its loose interpretation. At present, in the name of sheet verification, the totting details are being sought by giving a short period. On the Dachkakhata GST portal, the figures are written as they appear, making false assumptions and asking for details. It is obvious that the import purchase information does not come in GSTR 2A and there is a big fuss over the difference in the amount. On the other hand GSTAudit assessment is going on. Under the GST Act, there is a provision to pay the amount under reverse charge. Today's article discusses what to do if a dispute arises and a demand arises while the GSOT audit assessment is underway. Demand for audit assessment Sections 73 and 74 have been framed under the GST Act. A broad definition has been given under Article 74. All amounts due to concealment which arise during the audit assessment are

- Chart Indication Ashok Trivedi - Reader friends, "Sal Mubarak" on 26-10-22, starting from Wednesday, I wish you all to choose benefit from body, mind and wealth. The BSE index (close 59307.15 on 21-10-22) is bullish from a low of 56147.23. Currently, the 12-day average is 58336.68, the 48-day average is 58076.55, and the 200-day average is 56787.46. Daily and weekly MACD are bearish. Overbought on a daily basis, neutral on a weekly basis and overbought on a monthly basis. Up to 59951 UP 49830, 60115 possibility. Below 59132, 58970, 58695 are considered support. Adani Enterprises (closing price Rs.3311.92 on 21-10-22) is bullish from a bottom of 3110.20. Currently 12 day average is 3300.43 and 48 day is 3232.05 as well as 200 day is 2514.31 Daily MACD is bearish. The weekly MACD is bullish. Overbought on daily basis, oversold on weekly basis and overbought position on monthly basis. 3350 above, 3365 above 3407, 3450, 3498, 3545, 3590 possible. 3245 support is considered

- Industrial Guidance : Dhiru Parekh Vitamin-E-TPGS (D-Alpha-Tocopheryl Polyethylene Glycol 1000 Succinate) is approved by the Ministry of Health Department as an oral drug formulation in pharmaceutical medicine. Vitamin-E-TPGS is emerging as a multifunctional drug solubilizer and bioavailability medicine being commercialized wordwise. - Vitamin-E-for Skin Care: After a long-term study, the properties of Vitamin-E such as confirmatory, nutritional supplementation have been proven. Vitamin-E is a type of skin dietary supplement as well as vitamin-E that has proven to be very convenient for skin health and beauty treatments. Natural vitamin-E tocotrienols that are extracted from rice bran oil. Vitamin-E-Removes aging skin wrinkles. Removes the wrinkles on the abdomen during delivery of women very easily. Also protects against pollutants and UV rays (sunlight). Vitamin-E is proven to be a powerful antioxidant for beauty treatments. Natural tocopherol increases the shelf life of 100%

- Possibility of fixing new targets at the global conference on climate change in November On the one hand, most countries of the world, including India, are talking about moving towards clean energy, on the other hand, the impact of the Russia-Ukraine war, in addition to hostile policies at home, has made the world's efforts to avoid climate change a challenge. While the 27th session of the Conference of Parties associated with the UN Framework Convention on Climate Change is meeting in Egypt from November 6, in addition to the Paris Agreement, Prime Minister Narendra Modi claimed that fifty percent of the country's total electricity production will be from renewable sources by 2030. However, at the time of this claim, world leaders including India had no idea of ​​war. After the assurance given to the world, India has made progress in increasing solar and wind energy production capacity, but the country's capital Delhi and other cities in North India are world class in

- Boolean Bits : Dinesh Parekh - The calculation shows that even if gold falls in the world market, the weakness of the rupee in India will support gold at a lower level In the international market, the continuous interest rate increase by the Fed strengthened the dollar and the yield of treasury bonds remained around 4 percent, and a softening trend was observed in gold. The price of gold fell by 35-40 dollars per ounce, gold fell around 1617 dollars per ounce and lastly it was 1644 dollars. To describe the state of gold, gold needs to rest in this state. Gold may not go down much further. As soon as this 8-year gold price cycle ends, we hear the footsteps of a new 8-year bull run. Gold will show the prices of 1550-1580 dollars per ounce in November and then everyone expects that gold will rise in the next year. At present, the risk of a global recession could weigh on gold prices, with gold softening under pressure from a stronger dollar. Gold fell sharply on Wednesday, pushing

- Autos, state-owned companies rallied against partial losses in Sensex and Nifty against last year's record returns Samvat 2077 ended with a record investment in the global stock market. At the beginning of the year 2078, the stock markets of India and the world were at the highest level in history. After this, 2078 failed to deliver attractive returns. However, what is certain is that now is the time to be wise again rather than aggressive investing in the stock market. Time has come for not just any shares but preferred shares. The shares or companies that earn good returns are good and investors are moving away from those that fall short. With this battle to balance temptation and risk, this Samvat bids farewell with new local and global challenges. The year of Samvat 2078 has not been very rewarding for stock market and gold and silver investors. With the changing global geopolitical (geopolitical) situation, the stock market has seen a huge fluctuation. Against the war sit

Appreciation of India's economic system Foreign economic experts, especially the World Bank and rating agencies, underestimate India's growth. But International Monetary Fund (IMF) Managing Director Kristalina recently praised India's economic growth. He said this praise not in any interview but in the annual meeting of the World Bank. Readers should understand that the program was World Bank and India's economy was praised by the Managing Director of IMF. India's praises have been sung on a platform where India is rarely praised. India is the fastest growing economy in the world. He said that India has achieved the greatest success by adopting digitization and digital assets. The leadership of the G20 countries... Airlines were usually found in cities labeled Metro City. Air services operate in big cities too but now airlines are setting up hubs in smaller cities as well. As almost all airlines provide services at the local airport of Prayagraj. Because there

- Antenna : Vivek Mehta - Profit-making medical colleges, private schools, colleges running high-fee courses will lose tax benefits Charging as much fee as you like has become the trend of educational institutions. No one is willing to guarantee the quality of education. Big profit is their main goal. The Supreme Court has put a brake on them. The Supreme Court has given a historic verdict last week. The profit-making trust-managed organizations will not be able to get the benefit of tax exemption under Section 10 (23) of Income Tax. Under the provision made in Section 10(23-C) of the Income Tax Act, their income is being considered eligible for one hundred percent exemption. In the judgment of the Supreme Court, it has been stated that where the objective of the educational institution is profit-oriented, the demand for the benefit of income tax will not be accepted. In other words, they have been withdrawn the benefit of VeraMafee. Supreme Court Chief Justice Uday Umesh Lalit, Jus

- India still has enough foreign exchange reserves to cover the current account deficit for 65 months The foreign exchange reserves also declined to around $104.93 billion as on September 23, 2022, as against a high of $642.45 billion on September 3, 2021, as the value of one dollar has fallen to around Rs.82. hides more than Considering three aspects, First of all apart from dollar assets, some foreign exchange reserves are also held in foreign currencies like Euro, Yen etc. This policy of diversification is good but what happened was that all these currencies depreciated significantly and because of this the Reserve Bank lost foreign exchange. However, if the depreciation of these currencies is not permanent, in that case the losses seen now will not be seen in the future. Second, the RBI suffered losses in its portfolio of foreign exchange reserves in the proportion of medium-term or long-term bonds. It suffered after the Federal Reserve raised interest rates. But it is not clear

- However, there is a possibility that the demand will increase again: in the last 3 to 4 months, the market price fell by Rs. 15 to 20 thousand per ton! In the steel-iron-steel market and industry in the country, the equations have recently seen a rapid reversal. Demand in the steel market from the construction and infrastructure industry and the sector in general has seen a slowdown during monsoons. On rainy days, the movement in the construction and infrastructure sector decreases and due to this, the number of orders coming from this sector to the steel market and industry also decreases. This year, apart from the normal monsoon, the rainfall has also been significant in various states of the country and its impact has been seen recently on the construction sector as well as on the steel market. However, now there are signs that the rains are leaving. But the optimism of the demand has been seen increasing again. Meanwhile, in the steel export sector from the country, the recentl

-Demonetisation, implementation of GST and lockdown led to lock down of many small and medium enterprises. Due to the weakening of the rupee, the forex reserves of the country have decreased. So we are moving towards FDI, but the question here is what do foreign direct investors really want? Older standards of ease of doing business include parameters such as obtaining a construction permit or ease of doing business, but all these paint a partial picture as they only reflect the views of large companies.Global investors look to smaller and smaller companies to get an idea of ​​how challenging or convenient doing business in India actually is Talk to medium enterprises (SMEs) who provide 40 percent of employment. These small and medium enterprises operate amidst the truly challenging conditions of the local bureaucratic system. Setting up a business in India still requires various types of permits and licenses which require a lot of struggle. In such a situation, the concept of this

Talk about the market Shiv Nadar is the biggest philanthropist of the country Globally, billionaires like Bill Gates and Warren Buffett make a name for themselves by donating billions of rupees every year, but many businessmen in India also donate so much that our eyes tear up. Edelgive Hurun India has released the Philanthropy List 2022. In this list of India's biggest donors, HCL founder Shiv Nadar is at number one by donating 1,161 crore rupees, while Wipro founder Azim Premji is at number two with a donation of 484 crore rupees. Premji donated Rs 9,713 crore last year. Reliance Industries Chairman Mukesh Ambani is at number three by donating Rs 411 crore in the education sector. Kumar Mangalam Birla's family is at number four with a donation of Rs 242 crore. Nirmala showered with memes for dollar-rupee comment Union Finance Minister Nirmala Sitharaman addressed a press conference in the US on October 16 following the statement made about the rupee continuously falling