Market and Business News

- The Conundrum of Economics - Dhawal Mehta - Marketism is preferred in conservative politics and economics - The welfare states of the world have seen an increase in people's lives There is a wave of conservative thinking in world and Indian economics and politics. Communist politics and thought are considered leftist. Its violent form is expressed in the extreme left (Radical Left) i.e. Naxalism or Maoism. The Left and Radical Left (Naxalism, Maoism) in the world have proven to be violent and dictatorial in practice, and the reputation of Leftist politicians and Leftist economists in the world has sunk to the bottom. Even in India, the performance of CPI, CPM, Maoism, Naxalism as opposition parties in the government or outside the government has proved so bad that people's faith in them has almost been exhausted. Naxalites have spread fear in the areas under their rule. Also, the heads of communist governments of China, Russia and North Korea have declared themselves rul

- Before the Reserve Bank's action, Paytm Payment Bank had over 3 crore accounts, over 3.5 crore OUI codes and over 30 crore wallets linked. The Reserve Bank of India has banned Paytm Payments Bank from adding new customers with immediate effect. Existing customers were allowed to withdraw or access balances from all their accounts, but did not allow additional deposit or loan transactions. Now after March 15, no other banking services can be provided by Paytm Payments Bank. Essentially, RBI has stopped the operations of Paytm Payment Bank. The question is, why was this done? Reserve Bank does not take action without any reason and without any justification. Paytm Payments Bank has committed a serious regulatory violation that warrants a stern response. It is likely that there have been many small-scale violations in the past. We can also speculate that the top management of Paytm Payments Bank was informed about the violations and given an opportunity to correct their past mista

- Smile Index - Vanity - ED said, if GDP growth is an opposition scam, investigate it immediately Orders issued from the government. 'Go find it. Where did this GDP increase so much?' The ED officials started sweating even before the summer started. He asked, 'Sir, this increase in GDP is not an opposition conspiracy? Once you say that this increase is a scam of the opposition, then let's find out right away. The Ediwala got the reply, 'All your work done in previous years will be void. Cancel your increment.' CBI serial CID Adathi says, 'The question of why the GDP growth has increased so much means that the GDP growth really seems to have increased beyond expectations. It is not a matter of concern that the GDP has increased, but it is a big concern that the GDP has come in higher than expected. ' The reply came from the government, 'Let it be. The court has to say for you that the whole arrest of Chandaben Kochhar was illegal just by talkin

Amid the farmers' agitation, the government has introduced a pilot project for the world's largest grain storage scheme in the cooperative sector. It is believed that this will prove beneficial for the agriculture sector in the long run. This pilot project targets Primary Agriculture Credit Societies in 11 states and is estimated to create storage capacity of seven crore tonnes of food grains over a period of five years. The scheme seeks to directly address the shortage of food grain storage capacity in the country but will have multiple benefits for all stakeholders. which includes farmers and consumers. Data from the Food and Agriculture Organization (2021) shows that while many countries have surplus storage capacity, India does not. The total production of food grains in the country is 311 million tonnes while the total storage capacity is barely 145 million tonnes. Currently, food grain management (procurement and storage) facilities are provided by Food Corporation of I

The Reserve Bank of India is issuing a Central Bank Digital Currency (CBDC) on an experimental basis from late 2022. A central bank digital currency based on blockchain technology was introduced in the retail sector among a limited user group, whose participants include consumers and merchants. Experimental central bank digital currencies currently facilitate person-to-person transactions and person-to-merchant transactions using digital currency wallets. After the experience so far, the Reserve Bank has proposed that programmability (in this case a computing system capable of understanding, accepting and following instructions) and offline functionality of this currency should be attempted so that not only digital, but also this currency will be adopted. The currency will increase, but it will also help achieve public policy goals. As the central bank said in its announcement, 'programmability' will allow users such as government agencies to ensure that payments are made for

- Antenna - Vivek Mehta - Amuco's property tax department does not hesitate to seal old property disputes even if they are still pending. Amuco's property tax department officials do not show agility that property tax should be collected from builders after granting permission for building use. As a result, within one and a half years of buying the property from the builders, he becomes liable to pay three to four years of property tax. Builders have good connections in Amuco's property tax department. Therefore, their scheme does not collect property tax due on unsold flats or offices in commercial complexes after granting permission for building use. But after one to two years after the office is purchased, five years of property tax arrears remain. As a result, the builder puts the remaining property tax money of the period before the purchase document of the house or office on the property buyer instead of the builder. This is just a scam. They should also be given t

- Industrial guidance - Dhiru Parekh Soymilk: Soybeans are converted to high-quality protein. So that high quality drinks can be made which can be easily digested. There is no difference between soymilk and cow's milk. So the conservative industries of milk processing are now using this milk to make yogurt and ice cream. Consumers also cannot tell the difference between ice cream made from cow's milk and from soy milk. Also, the production capacity of soy milk can be increased than that of cow's milk. And the price can be cheaper. Soybeans mainly contain two types of enzymes that are inactivated in the soymilk process. Leukoxidase that catalyzes the oxidation of fatty acids. And enzymes like pepsin, trypepsin are included in it. Which helps in digesting protein. Soyamilk powder manufacturing process: This is an electric pre-heater system. which basically allows fluid to flow easily in a stationless tube under low-voltages. which absorbs the energy flowing through the Ja

- Chart Indication - Ashok Trivedi The BSE index (close 73745.35 on 01-03-24) is in favor of a correction to the bottom of 70809.83. Currently, the 12 day average is 72549.69, the 48 day average is 71523.49 and the 200 day average is 67462.66. The daily MACD is bearish. Shows overbought position on weekly as well as monthly basis. Above 73820 to 74075, 74720, 75360, 76000 possible. 73427 below 72780, 72590 is considered support. Scrip based improvement will be seen. Havells (closing price Rs.1515.60 on 01-03-24) is in favor of correction from the bottom of 1276.93. Currently 12 day average is 1444.33 and 48 day average is 1383.09 and 200 day average is 1329.10. Shows overbought on daily and weekly basis and neutral position on monthly basis. Above 1550 above 1570, 1600, 1628, 1657 possible. 1453 below 1473 is considered support. It is not necessary to take it at current prices. Can be taken in panic. ICICI Prudential (closing price Rs.539.45 on 01-03-24) is bullish from a low of 49

Calling for reform of the 'outdated' global framework to effectively deal with geopolitical challenges, External Affairs Minister Jaishankar said the conflict in Gaza is a matter of grave concern and requires a permanent solution to the humanitarian crisis arising from it. So that the most affected people can get immediate relief. The External Affairs Minister made this remark in his digital statement at the 55th session of the United Nations Human Rights Council held in Geneva, adding that he also advocated a multilateral format to urgently adapt to the current global realities by correcting the systemic flaws in the existing institutions. It will be in the collective interest of various stakeholders to find lasting solutions to geopolitical challenges within and beyond the United Nations. 'For this, the time has come to overhaul the old framework and correct the systemic flaws. A multilateral framework should be urgently tailored for this purpose, reflecting current g

- Saurashtra Gharkhed Ordinance 1949 and - Lokabhimukha Guidance - - H.S. Patel IAS (Retd.) - Credit for land reforms of Saurashtra goes to the then Chief Minister U.N.Dhebar As a part of land reforms after independence, to give ownership/occupancy rights to the occupiers of agricultural land, firstly by abolishing the rights of zamindari/girasdari etc. to farmers (Agriculturists) who were cultivating on the land of kings/land owners and paying revenue. As they are considered as Tenant, Saurashtra-Kutch was included in Mumbai State till 1956 and was merged in Mumbai State in 1956 as per the reorganization of the states. The Saurashtra Government has announced that the land revenue of Saurashtra will be given to the farmers without taking anything, instead of the landlords and grasdars/barkhalidars who are considered to be the owners of the land and can remove the farmers who are cultivating on their land from the land at any time and collect the portion of the agriculture/revenue o

- The important issue of food security was also raised - Both India and China have built their own strong lobbies at the WTO, which has seen them constantly in a mood to undercut each other's submissions. It can be said that you ate and drank a little but broke the glass twelve anna.. - India stopped some of China's proposals, while China stopped India's proposals. Both countries' lobbies were active. China put forward a proposal to invest in countries involved in fisheries business. It was stopped by India and South Africa Important issues remained unresolved in the four-day meeting of the World Trade Organization (WTO). India's intention to counter China's hegemony may have succeeded. India did not take much notice of China's demand for a special aid package for countries standing with it and pushed it to the pending discussion list. World Trade Organization meetings have always been dominated by China, which has led to some small countries supporting

Gold prices in the world market rose by 60 dollars overnight, players were stunned Mumbai: Bullion market was officially closed today due to Saturday in Mumbai jewelry market. However, in the closed market, the price of gold and silver saw a rapid rise behind the global market. Market sources said that the sharp rise in prices in the global market overnight has led to a rapid increase in import costs at home and due to this, the jewelery markets of the country saw a sharp rise in prices today. Gold prices rose by Rs.1100 per 10 grams in Ahmedabad jewelry market today while Ahmedabad silver prices rose by Rs.1000 per kg. The price of gold in the world market rose from 2029 to 2030 dollars per ounce, the price from 2088 to 2089, and finally at the end of the week there were indications that the price was 2082 to 2083 dollars. Globally, there was news of a significant increase in the buying of funds in global gold amid the retreat of the dollar index and bond yields. Markets were eyein

New Delhi: Along with the increase in industrial activity in the country, the demand for power is also increasing drastically. According to government statistics, electricity consumption has increased by more than eight percent year-on-year to 127.78 billion units in the month ended February. In the current year, the summer is expected to be hot and the increase in industrial activity is expected to increase the power demand in the coming days. This year, due to the leap year, as there were 29 days in February, the figure of power consumption was higher than last year's February, government sources said. In February, the highest demand for electricity was 222 giga watts. North India is believed to have seen an increase in power demand as the temperature remains low and the cold gets colder. With the increase in economic activity in the country, it is expected to see an increase in power demand from industries. Apart from this, in the current year, in view of the expectation th

Mumbai: Rating agencies and economists have become optimistic about the economic growth rate for the next financial year after the third quarter of the current financial year's gross domestic product (GDP) numbers were encouraging and are raising their estimates. In a report issued by the State Bank of India, India's economic growth rate for the next financial year has been estimated at eight percent. The Chief Economist of Bank of Baroda has raised the GDP estimate to 7.80 percent from 6.80 percent earlier due to increase in private investments in the country and expectation of high consumption demand. Citibank has also increased its estimate from 6.50 percent to 6.80 percent. However, the brokerage house has expected the economic growth rate to remain below 6 percent for the next financial year, citing persistent external threats and some fiscal challenges facing the country. Analysts have been surprised by the economic growth rate of 8.40 percent in the third quarter o

India Export Market Share : Now not only in the country but also in other countries the power of self-sufficient India is being seen. While India is moving at a breakneck pace, imports are decreasing. Apart from this, by drastically increasing exports, China's dominance is also being reduced. According to a new study, China's manufacturing has been adversely affected by increasing demand for Indian products in the electronics segment of several key sectors. Rising demand for Indian products hits China Many global manufacturers and China-based manufacturing companies are refocusing on other supply chains as part of plans to move out of China, leading to an increase in manufacturing speed in India as well as exports. Earlier Chinese products were dominant in America and Britain, but now the demand for Indian products is increasing there. Apart from this, China often has a partial dispute with these two countries, the direct benefit of which is being seen on Indian products.

Indian Stock Market : The stock market opened today on Saturday as well. The National Stock Exchange announced on February 14 that the market will remain open even on the March 2 holiday. During this two special live trading sessions were held. This is being done to test the disaster recovery site. A disaster recovery site is used to recover data from the most recent backup. If the primary location and its systems fail due to an unforeseen event, it can be switched to a disaster recovery site. Meanwhile, the stock market has hit a new all-time high today. The Sensex touched an all-time high of 73,994 and the Nifty touched an all-time high of 22,419. The stock market hit its all-time high Major Indian indices rose for the third consecutive trading session today, led by gains in metal, auto and FMCG stocks. The S&P BSE Sensex closed at 73,806.15 during the special session after hitting a new all-time high of 73,994.7. While the NSE Nifty closed at 22,378.40 with an increase of 60

Image Envato Railways wrongly collected Rs 36 lakh 64 thousand 128 in the name of rent in addition to license fee from a catering contractor in Khandwa, Madhya Pradesh. In this matter, the license holder filed a complaint in the district court. In which the court termed the amount charged by the railway as unfair and illegal. Petitioner sought seizure of engine of Karnataka Express to recover his amount Based on this decision of the court, the license holder again demanded to return this amount, the court also ordered in his favor. When the petitioner demanded to seize the engine of Karnataka Express to recover the amount, the railway officers panicked and immediately the demand for this amount was given to the catering contractor Rajeev Sethi before the draft court. A warrant was also issued in case of non-deposit of amount Khandwa Chief District Court Judge Mamata Jain recently ordered the General Manager of Central Railway to return Rs 36 lakh 64 thousand 128 wrongly taken fro

- Boolean Bits - Dinesh Parekh - Indications are that new sales will slow down as seasonal demand rises amid falling prices in jewelery markets across the country. With the news of rising inflation in the market in America, the dollar index rising, Fed President Powell will be relaxed in the trend of reducing the interest rate and indicating that the interest rate will not be reduced before June, influenced the price of gold and the price of gold decreased by 40-40 dollars per ounce, gold on Thursday 1986 dollars. The price per ounce started to be quoted. However, after that the price increased again to 2000 dollars. The government of Zimbabwe will introduce a new currency pegging its currency to gold backing. But the finance minister did not mention the period when he will issue the new currency with the above mentioned gold backing. Currently, the exchange rate of the currency JWE is 20,000 local currency to 1 US dollar, the financial condition of his country has become very bad

- Chart Indication-Ashok Trivedi The BSE index (close 73142.80 on 23-02-24) is bullish from a low of 70809.83. Currently, the 12 day average is 72342.65, the 48 day average is 71238.91 and the 200 day average is 67190.89. Daily and weekly MACD are bullish. Shows overbought positions on daily, weekly and monthly basis. Above 73413 above 73428 are considered important levels. Above which the possibility of up to 74075. Then possibility of 74720, 75360, 76000. Understanding weakness below 72081 in the low. Havells (closing price Rs.1429.50 on 23-02-24) is in favor of correction from the bottom of 1276.93. Currently 12 day average is 1387.20 and 48 day average is 1360.56 and 200 day average is 1321.45. Daily and weekly MACD are bullish. Overbought on daily basis, neutral position on weekly as well as monthly basis. Above 1439 above 1453, 1482, if possible up to 1511, 1540, 1570, 1600. 1394 below 1415 is considered as support. HDFC Bank (closing price Rs.1420.60 on 23-02-24) is bullish

- A to Z of GST - Harsh Kishore - Today, more than 140 countries around the world have GST or its equivalent modern indirect tax system in place Instead of worrying, if you are a little careful, your documents cannot be misused. In the same way we keep the important information private in case of fake currency notes or ATM password and other important information to avoid cyber fraud, similarly we have to take care that the Aadhaar card and other proofs do not fall into the hands of an unknown person. Along with being careful, knowing the basics of GST like design of GST, organs of GST, structure of tax, exempted goods, importance of registration and turnover limit, taxes, why some people do wrong, etc. GST raises some important questions - Sir I am a retailer doing business but not many people buy from me everyone says first get GST number then why should we buy from you? - If I want to get a GST number, which documents do I have to provide, which form do I have to fill? - Do I