22k market news

 New Delhi: The central government is planning to launch a 'Grameen Credit Score' system within six months to increase credit to farmers, self-employed persons and self-help groups, according to reports. 'Grameen Credit Score   What are the objectives of Grameen model? The government is working with public sector banks and the Indian Banks' Association (IBA) to develop a framework for this.   Similar to the model for MSMEs, rural borrowers are said to be assessed on the basis of digital transaction data, government subsidy receipts and UPI functionality.    This data-driven rating system will help banks tailor loans to rural areas. This will make it easier for entrepreneurs and small businesses to get loans. Industry experts say that this initiative will significantly increase the provision of loans to self-help groups based on the rating. The creditworthiness of rural borrowers will be assessed based on digital transaction data, government subsidy receipts a...

Chennai, Feb. 18- 'Citco' has started technical consultancy work through RDX Architech to set up a jewellery industrial park in Coimbatore at a cost of Rs 126 crore to benefit gold jewellery manufacturing companies. Jewellery industrial park coimbatore Which proposed it park in Coimbatore? Gold jewellery manufactured in Coimbatore is exported to many countries. In Coimbatore district, a large number of companies are involved in gold jewellery manufacturing. Accordingly, more than 1 lakh people have got jobs through more than 25,000 jewellery workshops.  Jewellery industries in Coimbatore are struggling due to lack of adequate infrastructure facilities including security. Accepting their demand, Chief Minister Stalin ordered the setting up of a jewellery industrial park in the district at a cost of Rs 126 crore. Following this, 'Citco' has decided to set up a jewellery industrial park on 3.41 3.4 acres in Kurichi Industrial Estate. The work of providing technical advice ...

 As the value of gold reaches its peak, here's a look at the strategies investors should follow Invest in gold   Is it the right time to buy gold in India Last year, the price of gold was on the rise due to factors including the international environment. In the meantime, the rise in gold continues this year. Last year, gold is considered to have yielded 27 percent. Continuing this trend, it rose by 7 percent on a monthly basis in January. Although the rise in the price of gold jewelry worries people, gold is attractive for investment purposes. In this context, the approach that investors should follow regarding gold becomes important. Is it a good idea to invest in gold right now Gold is generally considered a hedge against risks including inflation and international crises. In the current environment, the uncertainty of economic and international geopolitics is considered to be the reason for the rise in the price of gold. The aggressive policies being pursued by US Presid...

The value of a country’s currency is determined by the strength of its economy and its connection to the rest of the world through trade. However, not all countries can maintain their currency values ​​at the same level.   Weakest currency Top 10 cheapest currency in the world Some countries face the impact of weak economic conditions, political turmoil, and global pressures. Recently, Forbes magazine released a list of the world’s weakest currencies. Here are the countries that made it to the list and the reasons behind it.   1 .The rial of the West Asian country of Iran is currently ranked as the world’s weakest currency. Due to political and economic turmoil in Iran, the value of the Iranian rial has declined significantly over the years, starting with the Islamic Revolution in 1978-79.   2 .The Vietnamese dong, a Southeast Asian country, has long been a weak currency. This is largely due to Vietnam’s transition from a state-controlled economy to a m...

New Delhi: The Reserve Bank of India has announced that those who apply for early redemption of the ninth tranche of gold bond accounts issued in the financial year 2019-20 will be given Rs 8,499 per unit.   SGB gold bond What is the return of SGB after 8 years? The central government, as part of its efforts to reduce gold imports, announced the Gold Savings Bond Scheme in November 2015. Under this scheme, gold can be stored in the form of a document. One unit of gold is given as 1 gram. The investment will mature in full in eight years from the date of issue of the gold bonds. However, early withdrawal of the investment will be allowed only after five years. Accordingly, bonds issued on February 11, 2020, can be redeemed before maturity from yesterday. The Reserve Bank has announced that those who have applied for such redemption will be given Rs 8,499 per gram of gold. The Reserve Bank has stated that this price has been determined based on the average price of 24-carat gold on...

 New Delhi: Interest rates on small savings schemes are likely to be reduced for the upcoming April-June quarter, according to central government sources. If that happens, it will be the first time in five years that interest rates have been cut.   Interest rate Will interest rates go down in 2025 in India? After the Reserve Bank of India (RBI) reduced the repo rate for short-term loans to banks from 6.50 percent to 6.25 percent, banks are likely to reduce interest rates on deposits. In this context, it is said that the interest rate on small savings schemes is also likely to be reduced.   The interest rates for these are fixed in line with the interest rates on central government bonds with similar maturities as small savings schemes. This is fixed by the Union Finance Ministry once a quarter.   The interest rates for the upcoming April-June quarter will be announced by the end of March. The interest rates for the current January-March quarter were ann...

 Beijing: 1 million kilograms of gold particles worth 7 lakh crore rupees have been discovered in the Wangu gold mine in Pingjiang, Hunan province of China. Gold mine china How much is China gold net worth The Geological Survey of Hunan Province, China , our neighbor, discovered a large amount of gold in more than 40 places at a depth of 6,500 feet underground in the Wangu gold mine. It was estimated that up to 300,000 kg of gold could be found here.   Using modern technology, a mine up to 10,000 feet deep has found gold particles larger than expected.   The amount of gold identified here is believed to be over 1 million kg. Its value is estimated to be over 7 lakh crore rupees.   It is said to be the largest gold mine discovered in recent history. Through this, Hunan Province has gained a very important place in the global gold mining market. The 'South Deep' mine in South Africa is estimated to contain 900,000 kg of gold. It has been named the world's largest gold ...

New Delhi: Fruits and vegetables grown in India have now reached the markets of 123 countries. Exports have increased by an all-time high of 47.30 percent. Fruits and vegetables   What are the most exported fruits and vegetables from India The Union Commerce Ministry has said that exports of vegetables and fruits have reached a new high in terms of weight from 2019 to 2023. This is attributed to various assistance from the Agriculture and Processed Foods Export Development Authority (APEDA). This organization provides financial assistance to traders and exporters for processing and exporting fruits and vegetables. With the increasing demand for Indian fruits and vegetables in the global market, exports have increased significantly in the last four years. With the financial assistance of A.P.E.D.A., a world-class export infrastructure has been established. Modern grading and packing centers have been set up. As a result, Indian fruits and vegetables have quickly reached 17 new mark...

New Delhi: Union Electronics and Information Technology Minister Ashwini Vaishnaw said that the Indian electronics manufacturing sector will double to more than Rs 17.20 lakh crore in the next 3 to 4 years due to the reforms announced in the Budget. Technology Minister Ashwini Vaishnaw Which industry is growing faster The budget also allocates an additional Rs 2,000 crore for Indian AI technology . Based on this, the government aims to set up 20 AI high-tech observatories at the central level and 80 AI labs in various educational institutions across the country in the next financial year.   The electronics sector currently employs 25 lakh people. This is likely to increase fourfold in the next four years. The successes of electronics manufacturing can be used as a model for any sector. With the reforms announced in the Budget, the Indian electronics manufacturing sector is set to double to over Rs 17.20 lakh crore in the next 3-4 years. he said.      

Digital money transfer has become increasingly popular among the people in the last few years. In this regard, the number of money transactions through India's Unified Payments Interface (UPI) is increasing every month. Upi money transactions What is the growth in UPI transactions in India New Delhi: UPI transactions hit a new high of 1.70 crore in January, according to NBCI data.     Accordingly, UPI transactions increased by 1.60 per cent to 1.69 crore in January, up from 1.67 crore in December 2024. This is a new record in terms of number since the digital payment system was launched in April 2016. The number of daily transactions for January was 1.43 crore, up from 1.42 crore in December. The value of daily transactions increased to Rs 19,562 crore in January. Compared to the same month of the previous fiscal, the number of digital money transactions in January increased by 39 per cent and by 28 per cent in value. Similarly, the number of transactions in othe...

When the British ruled India, they took away assets worth 5,500 lakh crore rupees from 5,500 countries between 1765 and 1900, according to a report released by the human rights organization Oxfam International. How much did Britain take from India The annual meeting of the ' World Economic Forum ', one of the world's economic organizations, has begun. Before the start of the first day of the meeting, Oxfam published a report titled 'Takers, Not Makers', stating: The legacy of colonial rule, which began in the early 1900s, continues to affect people in modern times. The countries of the Global South, known as the Global South, were systematically exploited by the North. Based on history, various studies, research articles, and documents, the value of the assets exploited by Britain from India between 1765 and 1900 exceeds 5,500 lakh crore rupees. Of this, 10 percent was captured by the richest 10 percent of Britain. If the British currency, the 50 pound note, were sp...

Chennai, Jan. 23., In Tamil Nadu, gold ornaments, sovereigns, are being sold at an unprecedented price of Rs 60,200.   Gold price When was gold rate 60,000? As international investors are investing heavily in gold, the price of gold has increased in the international market. Due to this, the price of gold in our country is also continuing to rise. In TamilNadu, the day before yesterday, 22-carat gold ornaments were sold at Rs 7,450 per gram; sovereigns were sold at Rs 59,600. Silver was sold at Rs 104 per gram. Yesterday, the price of gold rose by Rs 75 per gram and was sold at Rs 7,525. Sovereigns were sold at Rs 600 and were sold at Rs 60,200. There was no change in the price of silver. So far, the highest price of a sovereign in gold sales was Rs 59,640. Yesterday, for the first time ever, it crossed Rs 60,000. In this regard, Chennai Gold and Diamond Jewelers Association President Jayantilal Chalani said: The decisions taken by Donald Trump after assuming office as ...

EPFO has said that EPFO ​​subscribers can switch their PF accounts on their own without the help of their old or new employer when they change jobs.   EPFO How to transfer PF account while changing company? In a circular issued by the Employees ' Provident Fund Organisation (EPFO) on Wednesday, it was stated that: Subscribers who have obtained a unique number (UAN) for their PF account can easily switch their accounts to a new employer if they change jobs. The new employer will receive the UAN and start paying monthly PF contributions. Earlier, subscribers with UAN had to apply through the new or old employer to switch their PF accounts from their old employer to a new employer. This is no longer necessary. PF subscribers who have UAN can apply online and transfer their PF account to a new company. Even if there are multiple accounts under the same UAN number, including accounts started by a new company, if they are linked to Aadhaar, you can easily apply and merge t...

New Delhi, Jan. 19 Last year, between April and November, net FDI inflows in our country were just Rs 4,300 crore. The Reserve Bank has released data for this. This was Rs 73,000 crore in the same period of 2023.   FDI What is the net FDI of India While the total FDI inflows during the assessment period were Rs 4.78 lakh crore, taking into account the withdrawn investment and foreign investment by Indian companies, the net investment is Rs 4,300 crore. Foreign direct investment Gross Investment-  2023-[April-November] 4.06.  2024-[April-November] 4.78.  Withdrawn-  2023-[April-November] 2.56.  2024-[April-November] 3.41.  Foreign Investment in Indian Companies-  2023- [April-November] 0.77.  2024- [April-November] 1.33.  Net Investment -  2023- [April-November] 0.73.  2024-[April-November] 0.04.  (Rs. in lakh crores)  Most Investment Attractors Manufacturing Financial Services Retail Communications Electricity Ener...

New Delhi, Jan. 17- While the central government recently set up the National Turmeric Board to protect turmeric cultivation, a study has revealed that the number of farmers cultivating turmeric is decreasing. Turmeric India accounts for 62 percent of the global turmeric trade. The National Turmeric Board was launched in Nizamabad, Telangana on the 14th to increase turmeric cultivation and provide business opportunities to farmers. Through this, the board will ensure the quality of turmeric, regulate testing and certification. In this context, the study published by ICRIER states: Tumeric importing countries have recently increased their rejection of Indian turmeric. High price fluctuations and decreasing cultivation area are also challenges facing India in the turmeric trade. It is necessary for the government to intervene at the right time and stabilize turmeric production; and to empower and encourage farmers. Challenges for farmers. Sudden price drop Unfavorable weathe...

New Delhi: The impact of Donald Trump's inauguration as US President on the Indian rupee is temporary, according to a report by the State Bank of India.   Indian Rupee According to a state Bank of India report The depreciation of the Indian rupee against the US dollar is a short-term phenomenon. This decline since Trump's election is temporary. This situation may continue for some time after Trump takes office. Then the rupee will improve. The Indian rupee has historically performed well during Republican regimes in the US. Compared to Democratic regimes, the rupee has been stable during Republican regimes. In the second half of last year, the Indian rupee depreciated by three percent against the dollar. Even after the decline, the rupee is more stable than other currencies against the dollar internationally. The inclusion of Indian debt securities in the international bond investment market has helped to cushion the high volatility of the rupee. Therefore, the Indian rupee m...

New Delhi, Union Consumer Affairs Minister Pralhad Joshi has urged the Bureau of Indian Standards (BIS) to issue hallmarking procedures to ensure the quality of silver, just like gold. Silver Hallmark The 78th anniversary of the establishment of the Bureau of Indian Standards (BIS ) was celebrated in Delhi. Speaking on the occasion, the Minister said that there have been demands from consumers for hallmarking silver as well. Hallmark Benefits BIS, also known as the Board of Indian Standards, certificate A certificate that reflects the purity and quality of the metal The code of the center that tested and hallmarked The identity and code of the jeweler A unique number that confirms the quality of the jewelry. He urged the BIS to make hallmarking mandatory for silver jewellery and art facts. The central government has made hallmarking mandatory for gold jewellery and art facts to ensure the authenticity of gold and protect the welfare of consumers. Accordingly, gold jeweller...

New Delhi, Gold imports in November have increased by an unprecedented 331 percent.   Gold market According to the Union Commerce Ministry statistics, The demand for gold increased in November due to festivals and weddings. Accordingly, gold imports increased to Rs 1.25 lakh crore. Reasons 25% profit received so far this year on gold investment High investment in gold due to international uncertainty Import duty reduced from 15 to 6%. This is an unprecedented monthly import. In November last year, gold worth Rs 29,000 crore was imported, and now it has been imported four times more. From April to November of the current financial year, gold imports increased by 49 percent to Rs 4.10 lakh crore. This was Rs 2.76 lakh crore in the same period of the previous financial year. India's merchandise exports fell by 5% last month New Delhi, India's merchandise exports fell by 4.85% to Rs 2.71 lakh crore in November, the Union Commerce Ministry said. Gold imports in Nove...

Business news, Cryptocurrency exchanges evade crore in tax and increased the maximum transaction limit of UPI Lite,Rs 55 lakh crore, according to data released by the World Bank, more than.. Business news, UPI Lite service has a maximum transaction limit of Rs 5,000 The Reserve Bank of India has increased the maximum transaction limit of UPI Lite, a mobile payment service that does not require an internet connection, from Rs 1,000 to Rs 5,000. In UPI, money transfers not only require an internet connection, but also additional confirmation and transaction alert information is sent instantly to the customer's mobile phone.  In UPI Lite, which does not require an internet connection, the transaction limit was previously allowed up to Rs 1,000. The Reserve Bank has issued a circular increasing this to Rs 5,000. This is expected to further increase the number of small-value electronic transactions. India's external debt rises to Rs 55 lakh crore India's total exte...

Liquid funds, a type of mutual fund, are considered one of the safest options for short-term investment.  Liquid funds Liquid funds have been providing good returns in recent times.   Last year, this investment yielded an average return of 7.28 percent. Moreover, net investment in liquid funds increased in September. As liquid fund investment is gaining attention, it is important to know the basic features related to this type of investment. Short-term: Liquid funds come under the debt mutual fund category. This type of funds invest in debt securities with short-term maturity. The maturity period is less than 91 days. This includes government bonds, certificates of deposit, and commercial papers. Safety: Liquid funds are generally considered suitable for short-term investment. Since they invest in short-term investments that provide high returns, they are safe. Moreover, their liquidity feature is also improved. You can withdraw your investment immediately whe...