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...

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...

 Income tax planning is important. Tax-saving investments play a key role in this planning. However, when it comes to investing for tax savings, it can be a mistake to act only with tax savings in mind.   Is it right or wrong to invest only for tax purposes? How does taxation affect savings and investment Many people take out insurance policies or other tax-saving investments for tax savings without considering whether they are suitable for their financial needs. Let's see the problems that arise from acting solely with the aim of tax savings.   Misalignment investing; Investments should be aligned with our financial goals. When we only work with tax savings in mind, investments may not align with our financial goals. This is not ideal. For example, if you are a young investor, your investment portfolio should include growth-oriented investments.    Investment Opportunities ; When tax savings are a primary consideration, the opportunities to choose ...

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...

 You can reduce the cost of home loan through various means including seeking shorter loan tenure.   Home loan When trying to buy a home you need to plan the home loan process properly. Starting from choosing the right bank to get a loan and getting a favorable interest rate, many aspects are important. Also, try to reduce the cost of home loan . Apart from the interest rate, various factors influence it. Moreover, especially now that the Reserve Bank has said that the Repo Rate will continue unchanged, there is no chance of an immediate reduction in the interest rate. With this background let's look at ways to reduce the cost of home loan. Loan period The loan tenure can range from 10 years to 20 years. It is determined based on various factors like age, income of the borrower. Generally, the shorter the loan term, the higher the monthly installment. The longer the loan tenure, the lower the monthly installments. Many may prefer to go for a longer term to reduce the ...

India's economic growth rate in the first quarter of 2023 was 6.1%, which is higher than the previous quarter's growth rate of 4.5% and well above market forecasts of 5%. This growth was mainly boosted by private consumption,  India economy growth  What is the growth rate of India economy in 2023? services exports and manufacturing amid easing input cost pressures. Also, services have emerged as a major driver, comprising more than half of GDP. The International Monetary Fund (IMF) has also revised its growth forecast for India in 2023 to 6.1%, up from its previous estimate of 5.9%. The IMF said that the  Indian economy is "poised for a strong recovery" in 2023, driven by strong domestic demand and rising exports. The government of India has set a target  of 8% GDP growth for the current financial year. However, it remains to be seen whether the economy will be able to achieve this target, given the headwinds that it is facing, such as rising inflation an...

The Index of Industrial Production (IIP) in India grew by 5.2% year-on-year in May 2023, accelerating from a 4.2% gain in the previous month and above market expectations of 4.8%. This is the highest growth rate in 10 months. What is the industrial production growth rate in India? The growth was broad-based, with all three major sectors - manufacturing, mining, and electricity - registering positive growth. Manufacturing output surged 5.7%, mining activities grew 6.4%, and electricity generation rebounded 0.9%. The increase in industrial production is a positive sign for the Indian economy. It suggests that the recovery from the COVID-19 pandemic is gaining momentum. However, it is important to note that the growth is still below the pre-pandemic levels. The government has taken a number of steps to boost industrial production, including reducing taxes, providing subsidies, and improving infrastructure. These measures are expected to further boost industrial production in ...

Why there is no growth and people's income is not increasing due to India's basic agriculture. What is the reason..? We are still 50 years behind. Is it because of people's illiteracy or ignorance? backbone of India's trade is agriculture. Agriculture is the backbone of India's trade because it accounts for a significant share of the country's exports and imports. In 2022, agriculture accounted for 14.2% of India's total exports and 13.6% of its total imports. Some of the major agricultural products that India exports include rice, wheat, sugar, tea, coffee, spices, and fruits and vegetables. India also exports a significant amount of cotton and textiles. India imports a variety of agricultural products, including edible oils, pulses, fertilizers, and machinery. The country also imports a significant amount of livestock and poultry products. The agricultural sector is important to India's trade for a number of reasons. First, it provides...

That’s an interesting question. A share market is a platform where buyers and sellers trade the shares of publicly listed companies. Shares represent a unit of ownership in a company and entitle the shareholders to any profits or losses that the company may face. What is the advantage of vegetable market     The share market is a component of the stock market, which also allows trading of other financial securities such as bonds, mutual funds, derivatives The vegetable business is a part of the fruits and vegetables industry, which is a segment of the agriculture sector. The fruits and vegetables industry is one of the largest and fastest growing sectors in India, producing over 300 million tonnes of fruits and vegetables in 2021-22. The industry also contributes significantly to the exports of India, with fresh fruits and vegetables worth US$ 1.527.60 million exported in 2021-22. The share market and the vegetable business are interrelated in ...

First, we need to know the difference between savings and investment, then its benefits will be known in the future. Inhale as soon as the air comes in. In article's 1, First let's have a brief look at savings, investment 2, Let us see the difference between the two with an example. 3, Every investment has its drawbacks First let's have a brief look at savings, investment storage; Money set aside for your needs. It will remain the same. It does not grow. For example, money stored in a safe deposit box at home alone. investment; When you need it, the money saved is kept somewhere else instead of just being kept. Because money doesn't stay the same in that other place. is growing There are various examples of that other place; Bank Savings Account (This also has an interest rate. Money grows.), Bank Fixed Deposit, Employee Provident Fund, Public Provident ...

There are no debt-free people these days. But the reality is that debt can disrupt a family. It is difficult to live life without taking a loan for that, you have to choose the right bank to buy the loan in a proper way.. In article's  1, Borrowing can happen for two reasons 2, Also loan can be classified good. 3, Examples of good credit include  4, Examples of bad debt include   Borrowing can happen for two reasons. Unexpected expenses – Sudden ill health of the earner, loss of job of the earner, emergency maintenance expenses, vehicle repairs etc. How to deal with this? We should have an emergency fund to handle these. Must have medical insurance and life insurance. Anticipated expenses – Diwali, Pongal expenses, annual trips, child's further education, house purchase etc. How to deal with this? For these, we need to save money and invest in advance. Invest according to the objectiv...