Market and Business News

- The budget reflects the changing perception towards capital expenditure, inflation, fiscal deficit and globalization globally Four major trends are likely to affect the Indian economy in the coming years. These trends are clearly visible in the budget presented for the financial year 2023-24. These trends are as follows: The first important trend is that capital expenditure will drive the economy in the medium term. This can be said after considering the current situation. The latest Economic Survey highlights the fact that government capital expenditure is expected to increase to 2.9 percent of GDP in FY2023 from a long-term average of 1.7 percent of gross domestic product (GDP) in the period FY2009 to FY2020. In the budget presented a few days ago, capital expenditure is expected to rise to 3.3 percent of GDP in fiscal 2024. This figure points to an uncomfortable fact. Private sector investment has been sluggish and the government has had to make up for the shortfall. Fluctuatio

Around the Market The scourge of inflation... to God's temple In a meeting held by the trustees of the Kashi Vishwanath temple in Varanasi, the ticket rates for various aartis have been increased. On the other hand, a committee has been formed to decide the ticket prices for Shivling's Sparsh Darshan. Ticket price for Mangala Aarti in this temple is Rs. 350 has been increased to 500 while the ticket price for Saptarshi, Shrungar Bhog and Midday Aarti is Rs. 180 increased from Rs. 300 have been done. This 30 percent price increase. It will be effective from March 1. - Money Train in Bollywood The Bollywood industry collapsed due to the lockdown and other restrictions implemented when three years of the corona epidemic would be completed. However, after a gap of three years, there has been a resurgence in the industry with some hit films and the signing amount of the hero/heroine has also increased. According to the information received, Janhvi Kapoor will start shooting for

Commodity Current - Jayavadan Gandhi Nowadays the income flow of crops including grains, spices, telebia in the agricultural markets is increasing day by day and the market prices of the products are being reined in. During the last year, the wheat market was mostly higher than the support price, the farmers planted more wheat than the target in rabi season in anticipation of higher prices, but at the time of new wheat income, the government, which is considered the king, sold a total of 50 lakh tonnes of wheat in the open market to control the wheat prices. As the new wheat market slips below the support prices, farmers are deprived of the opportunity to get higher prices, and there is a lot of resentment among the farmers. Throughout the year, the government did not think of disposing of the large amount of reserve wheat and by selling the wheat in the open market to generate new revenue, it has become widely discussed that the government's intention has indirectly made way for

Sales Tax-Soham Mashruwala Under the GST Act, powers of investigation have been given to the authorities. Many times the officer insists on paying the amount while doing spot checks. Earlier even under the Gujarat Value Added Tax Act, when the investigation was conducted, a check of the relevant amount was taken from the trader and the investigation was completed and a lot of time was passed before the assessment order was passed accordingly. The Government, which has repeatedly argued before the High Court for non-recovery without a specific order, has always maintained that no amount shall be recovered at the time of inspection without any coercion or consent from the trader but with the willing consent of the trader/supplier. Ganesh Molasses Trading Co. was recently ordered by the Gujarat High Court during the site investigation where the amount was recovered without passing the order. Vs. A very interesting judgment has been given in the case of Superintendent CGST Commissioner (

- Strength in service exports is a savior for the country amid global economic slowdown The decline in the country's trade deficit in January has been on the positive side of the recently released January import-export figures. Exports also declined last month. January's trade deficit was $17.75 billion, a 12-month low, compared with $23.76 billion in December. For any country, a reduction in its negative trade balance is welcome, but a reduction in its exports can be considered an equally adverse situation. Compared to January of last year, the country's exports have decreased by 6.58 percent to 32.91 billion dollars in January of the current year. Export of goods in December was 34.48 billion dollars. Exports fell for the second month in a row in January. Among the overall exports, non-petroleum product exports were down by 8.77 percent year-on-year. Exports are believed to have declined due to slowing global growth. On the other hand, imports other than crude oil and

- Antenna - Vivek Mehta - Vegetables cannot be brought to the market as the entry of trucks is closed during the day in the city, now farmers will be able to bring goods 24 hours a day New AP MC has started in Ahmedabad. Farmers have found a new market. Farmers coming to the Jamalpur market of the Ahmedabad Krishi Pradhan Bazar Samiti to sell vegetables had to face a cortel of traders. APMC traders will face new competition as a new market is emerging to buy vegetables from farmers with traders forming cartels to take goods from farmers at low prices. As a result, farmers are getting better prices for their produce. Since the stomach of the whole world is filled, the farmers, who are considered as the world's wealth, get many times more in six hours than what the farmers do not get after six months of hard work. This is the glory of the cartels. Under these circumstances, it was inevitable that competition would arise against them. A new APMC has been commissioned in Ahmedabad.

Boolean Bits - Dinesh Parekh - Gold and silver likely to raise prices after Holi with increased demand: indications of increasing smuggling The global crisis has become serious due to Putin's speech that the war between Ukraine and Russia will continue in the free market and President Biden's visit to Kiev. But the dollar strengthened as details of the Fed meeting on precious metal prices -- the move by the Fed to raise interest rates more aggressively and try to control commodity prices by controlling inflation -- resulted in gold softening to hit a bottom of $1,815 an ounce, signaling a bearish trend. supported. The Fed's policy of continuing to raise interest rates led gold investors to stay out of the trade on Tuesday as US economic and financial data eased. Christopher Wang, strategist at OBX-FX, says the Fed has put the brakes on gold's rally by implementing a decision to raise interest rates more hastily. High interest rates discourage investors from investin

- India needs to take advantage of the situation and focus on both areas Former Reserve Bank of India Governor Raghuram Rajan's theory is that India should focus on exporting services and not try to copy China and become a manufacturing giant. India's services exports are now fast moving along with merchandise exports. In January this year, the exports of both were almost equal and more than 21 billion dollars. If this assumption turns out to be true, it would lend credence to former Reserve Bank of India governor Raghuram Rajan's theory that India should focus on service exports and not try to copy China and become a manufacturing giant. However, the question is whether this situation will continue even when the situation abroad becomes normal? Merchandise exports fell for the second consecutive month in January compared to the same period last year due to adverse external conditions, while services exports registered a sharp rise. Exports of goods have declined by 6.5

- Chart Indication-Ashok Trivedi The BSE index (close 59463.93 on 24-02-23) is soft from a top of 63583.06. Currently, the 12-day average is 60446.79, the 48-day average is 60597.34, and the 200-day average is 59201.59. Daily and weekly MACD are bearish. Oversold on daily basis, oversold on weekly basis and overbought to neutral position on monthly basis. Above 59910 60105, 60295, 60830 resistance levels are considered. A low of 59325 to 59000, 58699, 58390 is possible. Ashok Leyland (closing price Rs.141.30 on 24-02-23) is bearish from a top of 156.30. Currently, the 12-day average is 146.98, the 48-day average is 147.58, and the 200-day average is 144.11. Daily and weekly MACD are bearish. Oversold on daily basis, oversold position on weekly as well as monthly basis. Above are 146 resistance levels. A low of 139 is possible down to 135. If it goes down to 135, there is a possibility of 133, 131, 122. Astral (closing price Rs.1866.85 on 24-02-23) is bearish from a top of 2129.95.

Mumbai: Bullion market was officially closed today due to Saturday in Mumbai jewelry market. However, in the closed market, prices continued to fall behind the global market. In addition to gold and silver, the prices of platinum, palladium and copper in the world market saw a rapid fall, and due to this, the import cost of precious metals at home came down, so there were more sellers and fewer buyers in the jewelery market today at falling prices. Global gold tumbles as IMF calls for world central banks to continue tightening monetary policy amid high interest rates As the dollar index rose against various major currencies in the world market and the bond yield also increased, the sale of funds in gold has increased in the world market. In the world market, the price of gold fell from 1817 to 1818 lows to 1809 to 1810 per ounce, and lastly at the end of the week there was news of 1811 to 1812 dollars. Back to gold, global silver prices were also down from 21.09 to 21.10 to 20.74 a

Image: Envato The news of people being laid off in Google keeps coming. But Google has now fired not only humans but also robots. According to reports, Google's parent company Alphabet has shut down an experimental division that housed robots for everyday work. The company said the reason behind it was lack of money. Alphabet launched the Robotics Project, with more than 200 people working on more than 100 robots. These robots were hired for office cafeterias, dustbin cleaning and other tasks. These robots helped the company so much during the Corona period that they cleaned the conference room and did other tasks. According to Alphabet, the cost of this robot is too high. Also, the company had to spend a lot of money on the experts who operated the robots. On the other hand, the company's earnings were decreasing in the current recession, due to which Alphabet has ended the robotics project and disposed of these robots. However, some of these robots are kept by the company

image : Twitter Ever since the Hindenburg Research firm's report came out, the Adani Group's share price has continued to tumble. Day by day the company is getting shocks one after another. Many deals have also been cancelled. A report on Adani was announced by the American short seller firm on January 24 and the aspects of Gautam Adani's downfall started from the next day. Before the publication of this report, Gautam Adani had reached the second position in the list of the top-10 richest people in the world and now he has been thrown out of the top-10, if not the top-20, but even the top-30. Reached 33rd position in the list of top rich people On January 23, he was ranked fourth in the list of top 10 richest people in the world after Elon Musk, Bernard Arnault and Jeff Bezos. At that time his net worth was around 116 billion dollars. Adani Group's market cap is Rs 12 lakh crore. has been washed away. Within 15 days of the publication of the Hindenburg report, Adan

New delhi date. 25 February 2023 Saturday The unemployment rate of people aged 15 years and above in urban areas of the country fell to 7.2 percent in the October-December quarter of calendar year 2022. In the same period in 2021, this rate was 8.7 percent. Meanwhile, the unemployment rate in the country was high due to the impact of the Covid-related restrictions. According to the latest data from the National Sample Survey Office, the unemployment rate for people aged 15 years and above was 7.2 percent in July-September 2022, 7.6 percent in April-June 2022 and 8.2 percent in January-March 2022. According to the statistics, the unemployment rate for males (15 years and above) in urban areas declined to 6.5 percent in the October-December quarter of 2022 from 8.3 percent in the same quarter a year ago. The unemployment rate of urban women in this age group dropped from 10.5 percent to 9.6 percent. Labor participation increased to 48.2 percent According to NSSO, labor force partic

- Industrial guidance- Dhiru Parekh Today, your personality development classes are not only in Mumbai, but in every metro city, they have grown like the top of the road. Not only that, they are participating. Such classes are called grooming or finishing schools. To understand such schools in simple language, a carpenter gives a finishing touch by polishing a piece of furniture before placing it in the drawing room. In exactly the same way, any person – be it a housewife or a man – needs a few finishing touches to successfully complete his assigned task. This finishing touch adds to his personality. It is believed that. A piece of stone becomes a hero only after being diced. Such is the nature of human talent. Human beings have various inner strengths and skills. It is necessary to bring it out... If a little polishing is done, a man's talent shines but now not only talent works, your whole personality should be brilliant From father-in-laws to the executives of top corporate ho

Bhoo Bazar - Dilip Shah - Many farmers held goods in the hope of higher prices: In the south, stocks of wool were seen on terraces. Cotton market and industry in the country have seen a rapid reversal of trends. In the current rupee season of 2022-23, hopes for a new crop were initially high after rupee prices rose to record highs in the country's markets last year due to short supply and rising demand, but these hopes have recently faded. According to sources in the Cotton Association of India, the estimate for the new crop of rupees has recently been reduced by around nine to ten lakh bales. The new rupee season in the country has started from October 2022. In the previous season of 2021-22, the production of rupee was around 307 to 308 lakh bales and at the beginning of the new season of 2022-23, the new crop of rupee was estimated at around 330 to 331 lakh bales. However, this estimate has now been reduced to 321 to 322 lakh bales. When the new season started in the country

- The number of active traders on NSE also decreased for the eighth consecutive month: Declining participation of retail investors in IPOs Rising interest rates and a weak stock market have influenced the behavior of retail investors. Investments in equity mutual funds remain strong but individual investors are avoiding direct exposure to the stock market. The data also shows that some investors have shifted to fixed income schemes instead of equities while others have opted for the derivatives space. According to National Stock Exchange data, individual investor participation was at a multi-year low in January 2023 and the number of active traders on the NSE also declined for the eighth consecutive month. Small cap category stocks, which are favored by retail investors, fell. This indicates that the demand for these stocks is low. This is a strong indication of waning interest from retail investors. While the Nifty 50 has gained 3.5 percent in the last 12 months, the Nifty Small Ca

- With the arrival of Rabi crop, the calculation of reduction in the price of food grains will be correct, right? Inflation based on the Consumer Price Index rose to a three-month high of 6.52 percent in January. With this, the rate has crossed the Reserve Bank of India's range once again and this has surprised most analysts. The main reason for this increase was the rise in food prices, especially food grains, which increased by 16.1 percent year-on-year. Foodgrain prices have increased by 2.6 percent on a monthly basis. The weightage of food grains and other products in the composite consumer price index basket is 9.67 percent. Headline inflation has also picked up marginally and remained above 6 percent. There is also some difference in understanding the statistics. For example, Nomura said in a note, 'Using official data, we found that there is wide variation in the top grain index (from top to bottom) and its components (from bottom to top). The official method is more

- Smile Index - Vanity - If ten million jobs can be saved in America by buying airplanes, then we should leave jeeps, rickshaws and camels in the same place. Some of the unemployed who had gathered to read the cancellation of the Junior Clerk examination paper got carried away. 'Lya heard? Have we bought too many planes?' 'like this ? So now our paper will be printed in the press and will come directly from the plane to the exam center? So less chance of explosion? 'Oh man, you don't know how far technology has come. In the days of 'Dhoom' movies, thieves used to come on bikes. Now in the era of 'Pathan', thieves can steal from planes even after being attacked by helicopters and drones.' This is your problem. No matter what, you go straight to the movies. In movies, the thief is finally caught. Did you hear that the original craftsman will be caught in the paper explosion? Remember I'm talking about planes. May be asked in general know

- Global economic outlook better than previously estimated but risk of contraction Indian exporters have to become more receptive to global developments. This is significant as the Indian exporters' boom recorded in 2021-22 is now slowing down, Union Finance Minister Nirmala Sitharaman said. A boost in global demand helped exporters a lot as the global economy grappled with the upheaval caused by the pandemic. Currently, the global economy is slowing even as global supply chains are returning to normal. This is happening in part because major central banks are adopting a monetary tightening stance to curb inflation. While it is now believed that the performance of the global economy will be better than earlier estimates. There is still a risk of significant contraction. According to the latest forecast of the International Monetary Fund, the global economy can achieve a growth of 2.9 percent in 2023. This figure is 20 basis points higher than the previous estimate. It is believ

- Telling evidence that the poor have been forgotten in the budget - More than 60 percent of India's total wealth is held by the richest five percent of the country Every finance minister boasts that the policies and programs of his government are focused on the poor. It is also true in a sense because the percentage of poor in India's population is high. Estimates may vary, but if we consider a few indicators like per capita income, unemployment, food consumption, housing, the number of poor in various states will be between 25 and 40 percent. Two years of pandemic (2020-2022), high retail inflation (6.52 percent) and unemployment (urban 8.10 percent, rural 7.60 percent) have worsened the situation. The beginning of 2023 is ominous. Big companies are laying off thousands of employees. Even among the educated middle class, the unemployment rate continues to be alarming. Who is poor? The rising inequality in India has revealed several facts. According to an Oxfam report,