Market and Business News

Image: Freepik New delhi date. 27 November 2023, Monday If you are also thinking of taking a loan or you need money, now you don't need to take tension at all. Whenever a problem arises, people first think of taking a loan. But people understand that they can take loans from banks. Now you can take a loan that puts less burden on your pocket. Interest rates on personal loans are very high, due to which customers have to pay huge interest. These three loans can be taken Gold Loan If you don't have FD or PPF account then the best option for you is gold loan. You can take gold loan instead of personal loan. According to the State Bank website, you will not have to pay any kind of processing fee on loans up to Rs 3 lakh. Gold loans are considered safe. Currently, gold loans in State Bank will start at 8.70 percent. In which you can take loan against your gold. FD Loan You can also take a loan against Gold Loan, FD Loan and Public Provident. The interest rate in this is lo...

Continuous efforts are being made to promote bio fuel in the country. Now the government has decided to mix biogas in CNG and PNG. The central government has said that blending of CNG and biogas in PNG will be mandatory. Petroleum Minister Hardeep Singh Puri said that it will be increased to 5 percent by 2028. This decision will benefit the economy. Also, the production and consumption of compressed biogas will also increase. This decision will be implemented in a phased manner. 1 percent mixture will be used in auto mobiles and homes It was decided in the Natural Biofuels Coordination Committee meeting that the Central Repository Body will monitor the biogas blending system. At the same time, it will be decided that this rule should be followed in all places. This new arrangement will start from the financial year 2025-26. However, its use in automobiles and homes will begin with a one percent mixture. Then it will increase to 5 percent by 2028. There will also be support in savi...

- The Conundrum of Economics - Dhaval Mehta - Increasing concern of governments of various countries with drastic measures to curb inflation The world is currently suffering from a high rate of inflation. America is the richest nation in the world and many countries in the world have increased their rates to fight inflation, the current rate of America is 5.40 percent, which was close to zero two years ago, while the rate in the UK is 5.25 percent, while in India it is 6.5 percent. is percent. In Japan, the report was negative. If the repo rate increases, the interest rates on all loans will also increase. The burdens on the business units who have taken loans of crores for their business will increase. If you have taken a loan from a bank to buy a house, the installment amount will also increase. America raises the rate from time to time because it has to control inflation. Ever-increasing inflation defeats the world's good governments in elections. Therefore, all the governme...

The only sustainable way to increase farmers' income is to increase agricultural productivity Debt write-offs, higher than market prices of foodgrains, free foodgrains for the people, reservation in jobs for new castes, pension programs, a growing list of free and subsidized and cash transfers flash in every election now. Credit is also taken for development works like building physical infrastructure, toilets, electricity, internet communication. What economists call reforms that are market-oriented and involve fiscal discipline have never happened. Voters have learned to value what they are getting today instead of waiting for tomorrow, and they may choose the parties that offer the most generous offers. Governments are so distrusted that promises related to long-term development issues, such as improving school education or reforming the public health system, are often ignored. Political parties also do not provide any concrete and credible solutions to real problems like agri...

- Smile Index - Vanity - If the Chinese release a diabetes virus, then the sugar millers will starve 'Sir, there is great news from Maharashtra.' The finance department officer lied to the chief officer. The chief officer was shocked. "In Maharashtra, now we have our government, that is, our government, that is, the government, that is, the government of the ruling party of the center, and now we have weakened the opposition so much that there is no chance of any new formation." 'Sir, eat some meat. In Defense of Government, In Support of Government and Political Analysis of Maharashtra.' The junior beat the senior. The senior felt as if someone pressed a hand on the painful vein. 'My dear friend, you know that now it is not enough to do government work as a government official. In the wake of Dogle, the government has to be praised and defended too. ' 'Sir, I came to give you a big news and you told me and your whole story. Everyone knows ...

- Lokabhimukha Guidance - H.S. Patel IAS (Retd.) - Subject to non-cultivation permission in Final T.P The Land Revenue Act-1879 enacted 145 years ago during the British rule to regulate lands in Gujarat is still in force today and its original objectives were regulatory. (Regulatory Act) and all these regulatory laws have been framed by the British government after the monopoly of the East India Company after the rebellion of 1857. The Land Revenue Act is primarily intended to regulate the tenure rights of the peasants over land and the system of revenue collection. Due to today's urbanization, industrialization, commercial issues, the use of non-agricultural land has increased and if the reason behind this is analyzed, it is associated with human needs and economic activities, i.e. evolution or development of land use in the process of development. Land has changed drastically as natural resources along with immovable property is an important cadastral cover. Therefore, it is n...

In the first nine months of 2023 in India Rs. There were 170 IPOs with an average size of Rs 848 crore. It was the highest compared to other markets. The highest amount collected was Rs. 4,000 crore while some IPOs cost Rs. It was less than 100 crores. Besides, more than 25 other companies have filed draft red herring prospectuses, which means more IPOs could come in the second half of the financial year. This activity is mainly motivated by two reasons. The first is a strong secondary market where most sectors trade well. Strong secondary trends and performance create a favorable primary market environment. Companies want to raise the necessary funds before possible changes in market trends. Another factor appears to be the massive pullback. Problems have been observed in sectors as diverse as small finance banks, jewellery, supply chain management, infrastructure, hospitality industry and biotechnology. Their medium size shows that even medium-sized companies are successful in reac...

- Sales Tax - Soham Mashruwala Under the GST Act, the government is canceling the instance of irregular registration. There must be special circumstances to cancel the registration instance. It is mandatory to give a show cause notice with specific reasons before canceling the instance of registration. In this show cause notice it is very necessary to write the event or reason mentioned under section 29. Failure to do so will result in all proceedings being false. In this matter before Hon'ble Bombay High Court Mackersbury India Pvt. Ltd. Writ Petition No. 7506/2023 dt. 3-10-2023 A tricky question came up which is discussed in today's article. Section 29, Rule 21 and Rule 22 Special circumstances are provided in rule 21 under the authority of section 29. In which the instance of registration has to be cancelled. Rule 22 prescribes the procedure for cancellation of an instance of registration. Accordingly, a show cause notice has to be given in GST Reg 17 format in which the...

Mumbai: Non-banking finance companies (NBFCs) have been asked to reduce the risk weightage on loans provided by banks. Any financial stress on NBFCs can cause disruption to business houses, as NBFCs provide secured loans to small businesses. The Finance Industry Development Council, an association of NBFCs, said the RBI's new norms are good for the safety of NBFCs and banks, but it will also indirectly hurt small business houses. Council sources said that the Reserve Bank has been requested to reconsider the decision to increase the risk weightage on loans provided by banks to NBFCs. Due to these measures, the flow of money to MSMEs, small businesses and the self-employed will decrease. This segment mostly depends on NBFCs for their financial needs. The Council welcomed the measures taken by the Reserve Bank to curb the rise in unsecured credit. While the RBI has increased the risk-weight on consumer loans for all borrowers, finance companies have had a double whammy as the R...

Mumbai: Non-banking finance companies (NBFCs) have been asked to reduce the risk weightage on loans provided by banks. Any financial stress on NBFCs can cause disruption to business houses, as NBFCs provide secured loans to small businesses. The Finance Industry Development Council, an association of NBFCs, said the RBI's new norms are good for the safety of NBFCs and banks, but it will also indirectly hurt small business houses. Council sources said that the Reserve Bank has been requested to reconsider the decision to increase the risk weightage on loans provided by banks to NBFCs. Due to these measures, the flow of money to MSMEs, small businesses and the self-employed will decrease. This segment mostly depends on NBFCs for their financial needs. The Council welcomed the measures taken by the Reserve Bank to curb the rise in unsecured credit. While the RBI has increased the risk-weight on consumer loans for all borrowers, finance companies have had a double whammy as the R...

MUMBAI: As a result of increased industrial activity, higher than normal temperatures and deficit rainfall, electricity demand in the country has increased by 15 percent year-on-year in the three months of August to October of the current year. In October alone, the electricity demand has increased by 20 percent, according to the information received. Generally, power demand is low during the period of August to October, but this year, a different picture is emerging and there has been a surprise in the power sector. Power demand peaked with 240 gigawatts on 1st September. As a result of increase in industrial activity and high temperature in the country, the possibility of seeing a continuous increase in power demand is also being expressed. In the current year, there was a pressure on irrigation due to lack of rain in most parts of the country. Power demand is expected to be seven percent higher in the current financial year.

Mumbai: The Reserve Bank of India has fixed the redemption price of the bonds at Rs 6,132 per unit as the first series of Sovereign Gold Bonds (SGBs) issued in November 2015 are now maturing after eight years. The Reserve Bank had issued the first series of SGB at a price of Rs 2684 per gram in November 2015. With gold prices more than doubling in the last eight years, investors are getting good returns on these bonds. These bonds are maturing on November 30. In addition to the increase in the price of SGB, investors have also received interest at the rate of 2.75 percent per annum. Investors who invested in SGB's first series in 2015 have returned approximately 128 percent. As part of reducing the current demand of gold in the country, the government has released the SGB scheme linked to the price of gold. However, there is no significant decrease in gold import in the country. In the first series of 2015, there was an income of Rs 245 crore in the government treasury from th...

MUMBAI: As a result of increased industrial activity, higher than normal temperatures and deficit rainfall, electricity demand in the country has increased by 15 percent year-on-year in the three months of August to October of the current year. In October alone, the electricity demand has increased by 20 percent, according to the information received. Generally, power demand is low during the period of August to October, but this year, a different picture is emerging and there has been a surprise in the power sector. Power demand peaked with 240 gigawatts on 1st September. As a result of increase in industrial activity and high temperature in the country, the possibility of seeing a continuous increase in power demand is also being expressed. In the current year, there was a pressure on irrigation due to lack of rain in most parts of the country. Power demand is expected to be seven percent higher in the current financial year.

New Delhi: The Indian economy may perform better than expected in the second quarter of the current fiscal (July-September) on the back of robust urban consumption and services expansion. The gross domestic product (GDP) growth rate in the September quarter is estimated to be lower than the 7.8 percent in the June quarter. Analysts expect growth to be closer to 7 percent in the September quarter, compared to the earlier estimate of 6.5 percent. The Reserve Bank of India had forecast 6.5 percent growth in July-September. Regarding this, Reserve Bank of India Governor Shaktikanta Das said that this increase may be more than expected. Key indicators such as domestic vehicle sales rose by 21.5 percent and domestic air travel by 23.1 percent in the second quarter. These indicators can be used to model urban demand growth. Similarly, bank lending has also increased. It grew by 19.8 percent in the September quarter, while it grew by 15.8 percent in the April-June quarter. Similarly, in th...

New Delhi: The Indian economy may perform better than expected in the second quarter of the current fiscal (July-September) on the back of robust urban consumption and services expansion. The gross domestic product (GDP) growth rate in the September quarter is estimated to be lower than the 7.8 percent in the June quarter. Analysts expect growth to be closer to 7 percent in the September quarter, compared to the earlier estimate of 6.5 percent. The Reserve Bank of India had forecast 6.5 percent growth in July-September. Regarding this, Reserve Bank of India Governor Shaktikanta Das said that this increase may be more than expected. Key indicators such as domestic vehicle sales rose by 21.5 percent and domestic air travel by 23.1 percent in the second quarter. These indicators can be used to model urban demand growth. Similarly, bank lending has also increased. It grew by 19.8 percent in the September quarter, while it grew by 15.8 percent in the April-June quarter. Similarly, in th...

Mumbai: Institutional investors, foreign investors and retail investors are ready to pour in massive investment flow in the stocks in view of the half-preparedness and unprecedented response of the investors to the capital investment of about Rs.2.59 lakh crore in the five IPOs in the primary market. There is a need for good companies and investors are coming forward to buy stocks one by one. Which indicates that bullish yoke will be maintained in the stock markets in the coming days. Of course, a risk factor on the global front is that the world is again worried about the spread of a new epidemic as the endemic fever takes hold in China. Otherwise the bullish trend will continue. The stock markets will be closed next week on Monday, November 27, 2023, on the occasion of Guru Nanak Jayanti. So, between the above factors, in the new four trading day week, Sensex may close at 66666 at 67333 and Nifty spot at 20222 at 20000. Arjun's eyes : SIKA INTERPLANT SYSTEMS Only BSE (523606),...

Mumbai: Bullion market was officially closed today due to Saturday in Mumbai jewelry market. However, the prices of gold and silver rose rapidly behind the world market in the closed market. World market news was bullish overnight. As the world market increased, the import cost at home increased, and the jewelery market saw a renewed boom today. Gold prices in the world market ranged from 1996 to 1997 highs from 2003 to 2004 to last week's 2000 to 2001 dollars per ounce. According to the sources of the world market, the possibility of interest rates being reduced instead of increasing further in the US has been discussed and as a result, the global index of the dollar and the bond yield retreated at the global level, while in gold, due to this, the buying of funds has increased again. Meanwhile, at home, gold prices rose by Rs.200 per 10 grams to Rs.62,500 per 99.50 and Rs.63,700 per kg in Ahmedabad jewelery market today, while Ahmedabad silver prices increased by Rs.500 to Rs.7...

Adani-Hindenburg Case: Hindenburg Report matter was heard in the Supreme Court today. The Supreme Court has reserved the order to probe the Adani-Hindenburg case. The Supreme Court has asked all parties to submit written arguments by Monday. The hearing also discussed how the performance of the stock market could be improved in the future. During the hearing, the petitioner's counsel, Advocate Prashant Bhushan, demanded that the investment in Adani shares be investigated. It is also important to know who has benefited. While SEBI countered that they have already examined all the aspects. #SupremeCourt , hearing a batch of pleas on the #Adani -Hindenburg dispute, asked the Union government and the #SEBI to explain what steps they are taking to prevent investors' loss in future. Read: https://t.co/fF5sVSqRko pic.twitter.com/mzpf9BCNLH — IANS (@ians_india) November 24, 2023 Who argued what? Solicitor General Tushar Mehta, without naming advocate Prashant Bhushan, said t...

Adani-Hindenburg Case: Hindenburg Report matter was heard in the Supreme Court today. The Supreme Court has reserved the order to probe the Adani-Hindenburg case. The Supreme Court has asked all parties to submit written arguments by Monday. The hearing also discussed how the performance of the stock market could be improved in the future. During the hearing, the petitioner's counsel, Advocate Prashant Bhushan, demanded that the investment in Adani shares be investigated. It is also important to know who has benefited. While SEBI countered that they have already examined all the aspects. #SupremeCourt , hearing a batch of pleas on the #Adani -Hindenburg dispute, asked the Union government and the #SEBI to explain what steps they are taking to prevent investors' loss in future. Read: https://t.co/fF5sVSqRko pic.twitter.com/mzpf9BCNLH — IANS (@ians_india) November 24, 2023 Who argued what? Solicitor General Tushar Mehta, without naming advocate Prashant Bhushan, said t...

Chandrayaan-3 News | Chandrayaan-3 created a record by successfully landing on the South Pole of the Moon on August 23, making India the first country in the world to land on the South Pole of the Moon. However, 60-year-old Ramesh Kunhiknan, who played the most important role in this mission and took the lead as a leader. He is an electrical engineer and the founder of Kynes Technology India ( KTI ). His company is located in Mysuru. However, due to this achievement in Indian space, Ramesh Kunhikannan ( Ramesh Kunhikannan ) has now become a billionaire. He supplied important parts of Chandrayaan-3 According to the information provided by Forbes, Ramesh Kunhikan played an important role in the success of Chandrayaan-3 mission. He supplied the electronic system for Chandrayaan-3 that powered the rover and lander. KTI's share price jumps When the Chandrayaan-3 mission was successful, the stock prices of KTI saw a huge jump. The company was listed on the Bombay Stock Exchange ...