22k market news

 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...

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...

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...

Mumbai, Nov. 30-A scam worth Rs 11,000 crore has been committed in India in the last nine months by spreading information through social media platforms like WhatsApp and Telegram, claiming to lead people to invest in the stock market and earn high profits, according to Nitin Kamath, CEO of Zerodha. Share market scam Recently, a software engineer from Bengaluru, who received a message on his WhatsApp number in the name of investing in the stock market, invested up to Rs 91 lakh in various stages. The value of his investment was shown to be Rs 1.50 crore in a few days. At one point, he realized that he had been cheated and filed a complaint with the cyber police when he tried to withdraw the invested money. Nitin Kamath, who also shared this information on his social media, further said: Such scams are on the rise. In the last nine months alone, frauds worth Rs 11,000 crore have been committed. It is scary to think about what will happen if fraudsters use artificial intelli...

Indian Britain Simply Easy Trade India-UK Talks Resume Talks between India and Britain on a free trade agreement will begin early next year, British Prime Minister Keir Starmer has said. Prime Minister Modi and Starmer met on the sidelines of the 'G-20' summit in Brazil and discussed the free trade agreement. Starmer told Prime Minister Modi that he wants to establish a very close trade relationship with India. Bilateral talks on a free trade agreement began in 2022. After 13 rounds of talks, the 14th round of talks was interrupted by general elections held in Britain and India. SEBI calls for revision of rules for small-scale IPOs In order to increase the security of investment by stock market investors, SEBI is planning to tighten the rules for new issue of shares by small-scale companies. It has been suggested to fix the minimum amount for new issue of shares by small-scale companies at Rs 10 crore. SEBI is also planning to increase the application fee from Rs 1...

New Delhi, The public offering of NTPC Green Energy is set to begin on Nov 19. The company is a subsidiary of public sector power generation company NTPC.    Market news Applications can be made to buy shares of the company till Nov 22. The price of one share has been fixed at Rs 102 to Rs 108. On Nov 18, institutional investors can apply for shares worth Rs 3,960 crore. In the new share issue, 75 percent will be allocated to institutional investors; 15 percent to non-institutional investors and 10 percent to retail investors. The shares are scheduled to be listed on the stock exchanges on Nov 27. Of the Rs 10,000 crore raised, Rs 7,500 crore will be used to pay off debt; The remaining amount will also be used for general corporate purposes. Reserve Bank announces list of major banks SBI , HDFC and ICICI banks have been included in the Reserve Bank's list of banks with significant domestic banking sector importance in the structure. The Reserve Bank has been ran...

New Delhi, Oct. 21- The stock exchanges BSE and NSE are going to hold a one-hour special 'Mugurat Trading' on the occasion of Diwali on November 1.   Share market success India's leading stock exchanges Mumbai and National Stock Exchanges have announced that they are going to hold a one-hour special 'Mugurat Trading ' on November 1st on the occasion of Diwali. The trading session will be held from 6 pm to 7 pm, both the markets said separately in their circulars. 'Mugurat' refers to an auspicious period chosen based on planetary positions. Investors consider it the beginning of a new financial year of the Hindu calendar. To mark this, NSC and BSE conduct a special session during Diwali festival. Also, market analysts said that investors are hopeful that the share transactions carried out in this session will bring prosperity throughout the year. This special session will see simultaneous trading in various segments like Equity, Commodity Derivatives, Cu...

Yesterday, the first day of the week, stock market indices witnessed a sharp decline.  stock market stock market situation At the end of trading hours, the Nifty fell 368 points and the Sensex 1,272 points, leaving investors with losses of nearly Rs 4 lakh crore. Japan's stock market fell 5 percent yesterday as Japan plans to raise interest rates. With Israel's attack on Lebanon, war tensions in the Middle East and fears of a disruption in crude oil supply, Indian stock market indices opened lower yesterday at the start of bull trading. Foreign investment Foreign investors sold shares worth Rs 9,792 crore yesterday. Crude oil Global crude oil prices were down 0.19 percent at USD 71.84 per barrel yesterday. Rupee value The Indian rupee was down 10 paise at Rs 83.79 against the US dollar. During yesterday's trade , the Nifty fell 1.46 percent to 25,796.65 points as foreign investors began to sell stocks and exit; The Sensex fell 1.52 percent to 84,274.64 points. ...

FATF says India's jewelery industry needs to be monitored,     Risks being used to finance terrorism  NEW DELHI, France-based financial watchdog FATF has warned that high-volume transactions in India's gems and jewelery sector are likely to be used as tools for money laundering and terrorist financing. In this regard, the organization's statement said As the trade in navarat gems and gold jewelery has grown in India, there is a risk of their smuggling and black money transactions also increasing. Removal of ban on gold loan to IIFL Mumbai, 'I.I.F. RBI has removed restrictions imposed on the gold loan business of L. Finance, the company said.  I.I. F. RBI had imposed restrictions on the gold loan business of L. Finance Company on March 4. They have now been withdrawn, the company said in the stock exchange. Through this, the company has been allowed to engage in gold loan business again. monitoring In this sector, there are about 1.75 lakh distrib...

Many feel that foreign countries tax the rich very heavily and India does not. But did you know that at one time India had to pay 97.50 percent of income tax? Indira Gandhi What is the historical tax rate in India Debates such as distribution of wealth and introduction of inheritance tax have arisen and are currently being discussed in a frenzy. But, in our country, 50 years ago, maximum tax was collected up to 97.50 percent. There was such a period in India. During Indira Gandhi's tenure as Prime Minister, income tax in India was as high as 97.50 percent. However, this collection came to an end shortly after. Indira Gandhi saw taxation as an important mechanism to balance income and wealth. Based on this, in February 1970, he presented the budget in Parliament and addressed it. Social welfare was the theme of the budget. Since the green revolution was taking place, various announcements related to the agriculture sector were included in the budget. A huge sum...

It has been reported that 'Tesla' has entered into an agreement with 'Tata Electronics' to purchase 'semiconductor chips, semiconductor chips US-based electric vehicle company Tesla has been trying to enter the Indian market for a long time. The company's CEO Elon Musk is said to be visiting India later this month and will meet Prime Minister Modi. He is expected to announce major investment decisions such as setting up Tesla Electric Vehicle Industrial Road in India and launching Starlink. Tesla manufactures its own electric motor, battery and charger. Other parts of the wheel are manufactured by contract manufacturers. After the Corona pandemic, the company started sourcing parts from other countries besides China. Tesla is planning to set up an electric vehicle distribution chain in India that includes electronic devices and components for electric vehicles. Following this, sources informed that Tesla has entered into an agreement with Tat...

NEW DELHI: Investments in equity mutual funds stood at Rs 22,633 crore in March last year, the Association of Mutual Funds of India (Ambi) said. This is 16 percent lower than last February's Rs 26,866 crore. Mutual fund Following disciplinary action by SEBI , investments of Rs 94 crore were withdrawn from small cap funds last month. Overall, an investment of Rs 40,188 crore has been made in this sector in the last financial year.  Inflows into mid-cap companies fell 44 per cent to Rs 1,018 crore in March compared to February. Surprisingly, investments in 'large cap' companies rose by 131 per cent to Rs 2,128 crore last month. Investments in 'hybrid' funds fell 69 per cent to Rs 5,583 crore in March from Rs 12,105 crore in February. A maximum of Rs 1.98 lakh crore was withdrawn from debt mutual funds last month. 63,808 crores had been invested in this segment in the month of February.  The value of assets under management by mutual companies declined ...