22k jewelers

A majority of the Indian youth want to retire early and are expecting a large pension, a study has revealed.    Retirement plan Retirement preferences of Indian youth In a survey conducted by Grant Thornton Bharat among various stakeholders across India to find out about retirement planning, more than 55 percent of the participants said that they expect a pension of more than Rs 1 lakh per month during retirement. However, it has also been revealed that the savings they have made are not enough to compensate for this. This study reveals that there is a huge gap between pension preferences and retirement planning.  Most of the participants in the study said that they want to retire before the age of 45 to 55. However, they rely on traditional means such as provident fund, national pension scheme, and gratuity for retirement planning. More than 76 percent of the participants in the study said that they have not invested in annuity plans. The study emphasizes ...

New Delhi, May 5-Amidst the rising price of gold, interest in buying digital gold is increasing and 15 million Indians have joined digital gold investment in the last six months.   Digital gold investment People are interested in buying digital gold Investing in gold in the form of gold funds or digital gold is considered a good way. There are many types of gold funds in mutual funds. Meanwhile, digital gold investment is also becoming popular. Various apps offer this opportunity. In digital gold, gold equivalent to the amount purchased is safely stored. It can be purchased at a very low price and can be increased over time. It can also be easily transacted. With the price of gold on the rise, Indians are showing interest in digital gold investment, according to Safe gold, a company that provides infrastructure for digital gold apps. It has been revealed that most investors invest in small amounts continuously for three or four years and then convert it into jewelry....

 New Delhi: GST collections hit a record high of Rs 2.37 lakh crore in April. This is the highest tax collection in a single month since the introduction of GST in 2017. GST india   What is the revenue collection of GST in India Earlier, the highest collection was Rs 2.10 lakh crore in April last year. The collection in March was Rs 1.96 lakh crore. In April last year, GST was collected from domestic transactions to the tune of Rs 1.90 lakh crore and from imported goods to the tune of Rs 46,913 crore. Refunds were given for Rs 27,341 crore. After deducting refunds, the net GST collection increased by 9.10 percent to Rs 2.09 lakh crore. In this context, Tamil Nadu's GST revenue in April last year increased by 13 percent to Rs 13,831 crore. The central government has estimated that the country's GST revenue in the current financial year will increase by 11 percent to Rs 11.78 lakh crore.  UPI transactions decline in the last month The country's UPI transactions declined ...

This gold price is not permanent, but when people think of a problem in the country, they buy gold first. It is good to buy as much as needed, but buying too much is foolish. When there is a famine, the things they buy are food, clothing, and money. If we don't have money, it is difficult to sell gold for urgent needs. Gold price Gold market crash history   Will there ever be a situation where gold , which has been rising very, very rapidly in a short period of time, will become a commodity? Studies on gold say that it may come. If we look at the price of gold over the past 50 years, rather than just 10 or 20 years, it seems that what you are saying has happened. That is, in September 1980, the price of 1 ounce of gold touched $666. 19 years later, in September 1999, the same 1 ounce of gold was sold for $255. A 62 percent decline. An ounce did not touch $666 again until 2007. That is, 27 years later. Next, in 2012, 1 ounce of gold touched $1,772. But, in just three ye...

The tax department is monitoring high-value cash transactions. At the same time, it is also monitoring digital transactions. It uses modern techniques to find out the relationship between income and expenses.   Income tax What types of transactions are monitored? Apart from bank statements, it also examines many data including real estate transactions and travel documents. When expenses are not matched with income, it sends notices and conducts investigations. The Income Tax Department can look at important cash transactions that may attract attention. Savings Account: The Income Tax Department takes note of depositing large amounts of cash in bank savings accounts. If you deposit more than Rs 10 lakh in a savings account in a total year, the Income Tax Department may investigate. Action will be taken if there is no proper evidence. Deposit Funds: You should be careful while investing cash in banks. If you deposit more than Rs 10 lakh in cash in a total year, the Income Tax Depart...

What will be the IPO expectations for 2025, More than 30 startups are planning to go public in the Indian stock market in the next two years, according to a report by Bloomberg.   New ipo What are the upcoming IPOs in India Despite the current lull in the initial public offering ( IPO ) market , more than 30 leading technology startups are preparing to go public by 2027, according to Bloomberg News. Walmart-owned Flipkart, PhonePe, and Oyo Hotels are among the companies on the list, with a combined market valuation of more than $100 billion. Unlike previous startups, these new entrants have strong financials, according to a report by the Rhinemaker Group. Many of these companies are on the verge of a major IPO. Meanwhile, the volatility of the stock market has led to a 34 percent drop in the number of shares traded in the first quarter of this year. What happens if Sensex increases? The stock markets, which had plunged to their lowest point yesterday, rose significantly...

Chennai, April 1-In Tamil Nadu, the price of ornamental gold sovereigns was sold at an unprecedented Rs. 67,400 yesterday. In the last three months alone, the price has increased by Rs. 10,200. Gold price will gold prices rise in india Due to international conditions, the price of gold in our country continues to increase. In Tamil Nadu, last Saturday, 22-carat ornamental gold was sold at Rs. 8360 per gram. Sovereigns were sold at Rs. 66,880. Silver was sold at Rs. 113 per gram. Yesterday, the price of gold rose by Rs. 65 per gram and was sold at Rs. 8425. Sovereigns were sold at Rs. 520. There was no change in the price of silver. In this regard, Chennai Gold and Diamond Jewelers Association President Jayantilal Chalani said, Additional duties have been imposed on goods imported from China and India to the US from April. This will come into effect from April 2. While the US has been causing many problems for Iran, Iran announced last week that it has nuclear weapons. It a...

New Delhi, March 31-More than the 'top 10' central banks The relationship between gold and India has reached new heights. Gold savings Indian households hold 25,000 tonnes of gold According to a study by HSBC, Indian households hold more gold than the 'top 10' central banks with the world's largest gold reserves. Household gold reserves stand at 25,000 tonnes. This is more than the central banks of 10 countries - the US, Germany, Italy, France, Russia, China, Switzerland, India, Japan and Turkey. As of December 2024. Central Bank Reserves (in tonnes) United States [8,133] Germany [3,300] Italy [2,452] France [2,437] Russia [2,332] China [2,280] Switzerland [1,040] India [876] Japan [846] Turkey [615] Total [24,311] Of these, the US Federal Reserve has the highest gold reserves of 8,133 tonnes. The German Federal Reserve is next with 3,300 tonnes. As of last December, the Reserve Bank of India's gold reserves stood at 876.18 tonnes. Due to geopoliti...

New Delhi, March 19-Congress MP from Tamil Nadu, Manickam Thakur, has moved an adjournment motion in the Lok Sabha against the changes made in the rules for gold jewellery loans. Gold loan Amendment in gold jewellery loan rules In a letter to Speaker Om Birla, he said, According to the new rules, customers will have to repay the entire principal amount along with interest at the end of the loan tenure, and after doing so, they can pledge their jewellery for a new loan or renew the loan the very next day. This is likely to cause difficulties especially for customers who are already in financial difficulty, as under the existing rules, they were allowed to repay only the interest during the loan tenure. At the end of the loan tenure, when they were unable to repay the entire principal amount, they were renewing their loan accounts. The current new rule is causing more suffering to the borrowers. To such a question, the Finance Minister had replied on the 10th: To protect len...

 New Delhi, March 15- Gold prices are soaring at a rapid pace, with demand falling, discounts are being offered,    Gold price What is the main reason for gold prices to increase? As gold prices in India have reached an all-time high, demand is falling. To compensate for this, gold importers are offering traders a discount of up to $39 per ounce, or Rs 3,400, the highest in eight months. The risk of a global trade war has increased due to US President Trump's tax policy. As a result, investors are increasing their investment in gold globally, and the price of gold is touching a new high. Due to the rise in prices, customers are reluctant to buy gold and are waiting for the price to fall. As a result, the gold trade has stagnated and the demand for jewelry has decreased significantly. Similarly, jewelers are also reluctant to buy gold . India's gold bullion imports fell by 85 percent in February, the lowest in 20 years. Yesterday, the price of a sovereign increased by Rs...

 Mumbai, March 10- In the last five years after the Corona pandemic, the Reserve Bank of India has increased its gold reserves by 244 tonnes.   Gold reserves What is the rank of first in gold reserves country China is the top buyer of gold in the world, while India is second, according to data from the World Gold Council. Following Russia's military operation in Ukraine, central banks of many countries have changed their economic policies accordingly. However, China and India have been increasing their gold reserves more consistently than any other central bank. In the five years from 2020 to 2024, the Reserve Bank of India has increased its gold reserves by 244 tonnes. During the same period, China has increased its reserves by 336 tonnes. In particular, the BRICS countries of Brazil, Russia, India, China and South Africa alone have increased their gold reserves by 700 tonnes in the last five years. Of this, India holds one-third. Experts say that the Reserve Bank of India i...

 New Delhi: India ranks fourth among the countries with the highest net worth individuals in the world, with 85,698 people, according to a report released, Rich people wealth advisory firm Knight Frank. Those in this category must have a cash balance of one million dollars, or 8.60 crore rupees in Indian currency, in immediate cash. The United States continues to lead in creating the richest people. Of the total rich people in the world, 40 percent are in the United States; 20 percent in China; and 5 percent in Japan. The number of rich people is increasing due to the growing number of startups in India. Last year alone, the number of rich people in India grew by 12 percent. While only 7 rich people were created in 2017, 26 new rich people were created last year.  Services sector growth increases in February New Delhi: The country's services sector grew significantly in February on the back of strong new orders, according to the HSBC PMI report.   The services sector, ...

 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...