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No more money transfer in Paytm: RBI action

Digital money flow in India has been increasing manifold over the last few years. From the pet shop in the village to the big mall in the cities, digital payments are now being implemented everywhere. Paytm  In this situation Paytm , one of the leading companies providing digital money transaction services, continued to violate the norms. Due to this, it has already been banned to add new customers to Paytm Payments Bank in the year 2022. In this situation, RBI has ordered to completely stop the operations of Paytm Payments Bank today (January 31). In a statement issued by the Reserve Bank in this regard, “The Reserve Bank has imposed a ban on the operations of Paytm Payments Bank Limited (PPBL) under Section 35A of the Banking Regulation Act, 1949. According to this order, after February 29, you will not be able to deposit money, carry out credit transactions, use prepaid services, wallets, FASTag etc. in Paytm Payments Bank. Customers can withdraw money from their ...

Business news, increased in public sector stocks

999% increase in public sector stocks, The share price of public sector companies has increased by 0.99% in the last three years. share price of public sector Why Mazagon Dock share is increasing The shares of Mazagon Dock ship Builders have increased by 999 percent since January 2021. Next to this is 'R.V.N. L., IRFC, Hindustan Aeronautics and Bel' have seen a rise of more than 500 percent during the same period. Shares of 'SJVN, PFC, REC' have grown by more than 400 percent; Shares of 'ONGC, Power Grid' have also seen a growth of more than 140 percent. On the one hand, the stock market lost a bit of enthusiasm. The excitement on Monday had dried up on Tuesday. The Monetary Policy Committee meeting is about to take place in the US. While tere will be no new interest rate hikes, investors are worried about what Fed Chairman Jerome Powell will say about the state of the country's economy.    In particular, the question on everyone's mind...

27% increase in gold imports in india

27% increase in gold imports, Gold imports have increased by 26.70 per cent to Rs 2.98 lakh crore during the April-December period, the government said. gold import In the same period last fiscal, imports stood at Rs 2.36 lakh crore. According to data released by the Ministry of Commerce, gold imports rose 157 percent to Rs 24,900 crore in December 2023. Switzerland is the largest source of the country's gold imports, accounting for nearly 41 percent. This is followed by United Arab Emirates contributing 13 percent and South Africa 10 percent. Gold accounts for more than 5 percent of the country's total imports. Currently, import duty on gold is 15 percent. Despite the increase in gold imports, the country's trade deficit narrowed to Rs 15.61 lakh crore in the April-December period of the current financial year. It was Rs 17.62 lakh crore in the corresponding period of the previous financial year. During the same period, exports of gems and jewelery declined by 16.16...

According to a report published by the Ministry of Finance

According to a report published by the Ministry of Finance, the economic growth of the country may be close to seven percent in the coming financial year 2024-25. Economy growth The report further states Titled ' Indian Economy A Survey', the report said that there is no pre-Budget Economic Survey and that the report will be released before the full budget to be tabled after the Parli elections. The paper is presented by officials from the office of Chief Economic Adviser Anantha Nageswaran. Strong domestic demand has driven the country's economy to grow by more than seven percent over the past three years. Due to the reforms and measures taken by the government over the last ten years, private consumption and investments and domestic demand have increased. Distribution has also been strengthened by investing in infrastructure and measures aimed at boosting productivity.  Together, these have provided impetus to the country's economic activities. Thus, in ...

Increasing global corporate investment in solar sector

Last year, global corporate investment in the solar sector was at a 10-year high of nearly Rs 2.84 lakh crore, according to a Mercom report. solar sector In this regard, further information has been given as follows, By 2022, the total corporate investment in the solar sector was close to Rs 2 lakh crore. It has increased by 42 percent last year to nearly Rs 2.84 lakh crore. These corporate investments include venture capital, public market and debt financing. In the solar sector, global venture capital and private equity investment stood at nearly Rs 57,000 crore. Borrowed funds have reached a 10-year high. Likewise, venture investments and funds raised in the public market recorded the second largest amount after 2010. Investment in the sector has peaked despite high interest rates and challenging market conditions.

It is important to build wealth and invest wisely.

Five Investment Mistakes You Should Avoid, It is important to build wealth and invest wisely. Choosing suitable financial instruments, deciding the investment period are things to think about while deciding the investment strategy. Attention should also be paid to the risk aspect. Strategies should also be adopted to maximize return on investment. Along with seeking the right path, avoid common mistakes in investing. Investment plan Here are five major mistakes investors should avoid. DIRECT INVESTMENT EQUITY INVESTMENT: Highly profitable. But. It is a mistake to engage in direct equity investment without sufficient experience. Direct investment should only be resorted to if you have the ability to thoroughly research and buy a stock and have the ability to monitor its performance regularly. Expansion Strategy: Mutual funds are the best option for retail investors to invest in stocks. In any investment, expansion is emphasized. However, over-expansion should be avoided. It...