#Indian Economy News

[shaktiknowledgeblog]

Indian economy | iip | indian economy 2023 | indian economy news | NSO | Indian economy, industrial production increased

Good news for the Indian economy, industrial production increased by 5.2 per cent in January According to the National Statistics Office (NSO) data, the manufacturing sector output increased by 3.7 per cent in January 2023.  The wheel of the sluggish economy in India has once again started turning. India’s industrial production increased by 5.2 per cent in January 2023. This information was given…

[jobaaj]

🔴BREAKING NEWS: Big move by Germany! It is deporting terrorist supporters!! 🤔 What's happening?

▪ The German government has a new plan to make it easier to deport people who praise or support terrorism.

▪ Even posting about terrorism on social media could lead to deportation under this new law.

▪ This change aims to take away the right to stay in Germany from immigrants who support terrorism.

▪ Chancellor Olaf Scholz says promoting terrorism is an insult to victims, their families, and Germany's democracy.

🧐 Why?

▪ Recently, an Afghan asylum seeker killed a young German police officer and injured four others in a knife attack.

▪ After Hamas's terrorist attack on October 7th, there was a big increase in hate posts on social media in Germany.

▪ There have also been several pro-Palestine protests, especially on student campuses.

😲Interestingly: ▪ The national chairman of the police union, Jochen Kopelke, welcomed the Cabinet’s decision, which he described as a clear signal to terror sympathizers. ▪ However, the bill has drawn criticism from some politicians. ▪ Critics claim that the move clamps down on the freedom of speech and is similar to the measures imposed by authoritarian regimes!! 🥸Analysis: ▪ This move by Germany is meant in good faith. ▪ Germany is trying to counter the growth of anti-Semitism in the country and trying to preserve an atmosphere of peace. ▪ However, the lack of clarity in this law will make it a tool of discrimination if used inappropriately. ❓Should more countries follow Germany’s example? Will this help the situation or worsen it?? Follow Jobaaj Stories (the media arm of Jobaaj.com Group for more)

About Jobaaj Stories: Jobaaj Stories started as the storytelling branch of Jobaaj. Over time, it has grown to cover news, inspiring stories, and informational resources. Our mission is to educate and inspire budding professionals and students through storytelling. We exist to enrich you with information and inspiration!

[emicalcy]

Take control of your finances with the best money management tips. Learn how to budget, save and invest wisely for a secure personal financial future.

[ayush27]

HISTORY OF BSE (Bombay Stock Exchange)

The Bombay Stock Exchange (BSE) is the oldest stock exchange in Asia and one of the largest in the world. It was established in 1875 as "The Native Share & Stock Brokers Association" and was later renamed as the Bombay Stock Exchange.

The BSE began as a small group of brokers trading under a banyan tree outside the Town Hall in Mumbai. Over the years, it grew in size and significance, becoming the hub of the Indian stock market. In 1957, the BSE became the first stock exchange in India to be recognized by the government.

The BSE was initially a manual stock exchange, with trades being recorded by hand and communicated via runners and telegrams. In the late 1980s, the BSE shifted to an electronic trading platform, making it one of the first exchanges in the world to do so.

In 1994, the BSE launched the S&P BSE SENSEX, which is a market index that tracks the performance of the 30 largest and most liquid companies listed on the exchange. The SENSEX has since become the benchmark index for the Indian stock market, reflecting the overall performance of the market.

Today, the BSE has over 5,000 listed companies and is the largest stock exchange in India by market capitalization. It is also the first exchange in India to obtain recognition as a stock exchange from the Government of India under the Securities Contracts (Regulation) Act, 1956.

In recent years, the BSE has focused on expanding its global reach and increasing its technology offerings. It has established several international offices and has developed a range of technology-driven products and services to support the growing needs of the market.

Overall, the BSE has played a crucial role in the development of the Indian economy and remains a key player in the global financial landscape.

In the Next Article We know about Why A country Need Stock exchange and what are the role of stock market in indian Economy

Comment if You have any questions

[happybong]

Context: Indian government has decided to begin weather forecasts for regions under Pakistan-occupied Kashmir (PoK) — Gilgit-Baltistan, Muzaffarabad and Mirpur.

After DD and AIR started airing weather forecasts from PoK regions, In return Radio Pakistan also featured updates from Srinagar, Pulwama and Ladakh.

What’s the issue?

The ‘weather war’ — a diplomatic move by India — started after Pakistan’s Supreme Court issued notices to the advocate general of Gilgit-Baltistan in late April, directing them to amend the Gilgit-Baltistan Order-2018 and establish a caretaker government there.

About PoK:

Pakistan Occupied Kashmir (PoK) is that part of the Jammu and Kashmir (India) which was invaded by Pakistan in 1947. The region is referred by the United Nations and other international organizations, as ‘Pakistani-controlled Kashmir’ (or Pakistan Administered Kashmir) and it was re-named as ‘Pakistan occupied Jammu-Kashmir’ by the Modi government.

PoK divided into two parts:

Azad Jammu and Kashmir (AJK)

Gilgit-Baltistan (referred to as the ‘Northern Areas’ till August 2009).

What is the root of the fight between India and Pakistan?

The fact that PoK is an integral part of India has been our consistent policy ever since 1947.

In 1947, Pakistan’s Pashtoon tribals attacked Jammu and Kashmir.

So to tackle this critical situation the Ruler of that time Maharaja Hari Singh of Jammu and Kashmir sought military assistance from the Indian government and the then Indian Governor General Mountbatten signed an agreement on 26 October 1947 in which three subjects Defense, Foreign Affairs and Communications were handed over to India.

Except these subjects Jammu and Kashmir was free to all its decisions.

On the basis of this accession of treaty, the Government of India claims that India has the full right to interfere in the matters related to Jammu and Kashmir. Pakistan on the other hand doesn’t agree with India.

Why is PoK important?

Because of its location, PoK is of immense strategic importance. It shares borders with several countries – the Punjab and North-West Frontier Province provinces (now called Khyber-Pakhthunkhwa) in Pakistan to the west, the Wakhan Corridor of Afghanistan in the north-west, Xinjiang province of the People’s Republic of China to the north and India’s Jammu and Kashmir to the east.

Challenges for India in PoK region:

Terrorist infiltration through the region is high.

Pakistan has changed the demography of PoK over a period of time.

It has settled ex- servicemen, Punjabi’s and Pathans so the original colours of PoK has changed.

Gilgit Baltistan region is easy as compared to other.

[networkthoughts]

Air India begins refit of its legacy fleet

27 Airbus A320neos and 40 widebody Boeing planes to be refurbished in a phased manner          US$400m program to refit legacy aircraft with new seats, modern cabins, new livery GURUGRAM, 17 SEPTEMBER 2024: Air India, India’s leading global airline, today announced the commencement of its over US$400m refit programme for a phased revamp of 67 legacy aircraft in its fleet. This refit will lead…

[financesaathi]

BSE Sensex Gains 249 Points Amid Tech Rally and Fed Policy Anticipation

The BSE Sensex advanced by 249 points or 0.3%, reaching 81,772 in early trading on Thursday, bouncing back from losses seen in the previous session. The gains were fueled by a tech-driven rally on Wall Street that followed the release of favorable US inflation data. The US inflation report for August 2024 showed inflation had cooled to its lowest level since February 2021, providing a boost to global markets.

Investors are now turning their attention to next week's Federal Reserve monetary policy meeting, where the expectation is that the Fed will opt for a smaller rate cut given the positive inflation data. Domestically, Indian traders are also awaiting the release of August inflation data later today, with analysts predicting a figure of 3.55%, little changed from the five-year low of 3.54% recorded in July. If inflation remains benign, it increases the likelihood that the RBI will consider rate cuts by the end of 2024, further supporting market sentiment.

The Nifty 50 index also climbed, gaining 0.4% to rise above the 25,000 mark. The rally was broad-based, with foreign inflows and all sectors trading in the green. Leading the pack was the Nifty Healthcare index, followed closely by gains in consumer durables, pharmaceuticals, auto, and metals sectors.

Top Gainers

Among individual stocks, some of the standout performers included Bajaj Auto, which surged 2.4%, and Adani Ports, rising 2.1%. Both companies have been benefiting from strong fundamentals and increasing foreign investor interest. Meanwhile, Kotak Bank and Shriram Finance posted gains of 1.7% each, buoyed by expectations of monetary easing from the RBI. In the technology sector, Wipro rose by 1.4%, reflecting the continued strength of tech stocks following the global tech rally sparked by US market gains.

The rally in Indian markets mirrors broader global trends, particularly in tech-heavy sectors. In the US, semiconductor companies such as Nvidia, AMD, and Broadcom led gains on Wednesday as investors bet that cooling inflation would allow the Federal Reserve to pursue a more dovish stance. The Nasdaq Composite surged by 2.17%, while the S&P 500 gained 1.07% and the Dow Jones rose 0.31%.

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[tnsfrbc]

எம் தாய்க்குலத்தின் கதறல் உங்கள் காதில் விழுகிறதா !

[onlinekhabri]

The nation's direct tax collections have witnessed an impressive 23% surge to a staggering Rs. 6,45,239 crore in the first quarter of this financial year. This remarkable growth is primarily driven by a significant rise in personal income tax collections. The Central Board of Direct Taxes (CBDT) has attributed this exceptional performance to the country's robust economic recovery.

[buzz-london]

[head-post]

India prepares for elections amid bouncing economy

Public opinion is leaning towards prime minister Narendra Modi and his Bharatiya Janata Party being likely to secure a third term in office, but voters are concerned about economic conditions and alleged corruption, according to Social Europe.

India’s economic trajectory has been very uneven for several decades, but inequality has increased dramatically over the last decade. The recovery from the COVID-19 pandemic has been K-shaped. The top 10 per cent of the population, about 140 million people, are prosperous, but the vast majority is worse off and often experience considerably worse material conditions.

The extent of inequality in India has been highlighted in a recent study by the World Inequality Lab, which combines national income accounts, wealth registers, tax tables, lists of rich people and studies of income, consumption and wealth into a single system. Even though official data generally do not properly reflect the incomes and assets of the very rich, as the researchers point out, India under the “the billionaire raj” is more unequal than under the colonial British Raj.

Read more HERE

[networkthoughts]

Air India unveils its business, premium economy & economy cabins for the A320 fleet

GURUGRAM, June 19, 2024: Air India, India’s leading global airline, today unveiled a three-class configuration on its newly inducted narrowbody aircraft. Air India’s A320neo aircraft will now offer a new Business, an all-new Premium Economy and a new Economy cabin experience on domestic and short-haul international routes. Air India has refitted two new A320neo aircraft – VT-RTW and VT-RTZ – in…

[financesaathi]

Key Budget Highlights 2024: Essential Announcements and Updates

The 2024 Budget presents a comprehensive roadmap towards achieving a 'Viksit Bharat' (Developed India). Here are the key highlights from the budget, focusing on major announcements, sector allocations, and economic projections.

Tax Proposals

The budget introduces several significant changes to the tax regime aimed at reducing the compliance burden and promoting entrepreneurial spirit:

Standard Deduction for salaried employees has been increased from ₹50,000 to ₹75,000.

Simplifying the New Tax Regime: The tax slabs have been revised to make them more straightforward:

₹0-₹3 lakh: Nil

₹3-₹7 lakh: 5%

₹7-₹10 lakh: 10%

₹10-₹12 lakh: 15%

₹12-₹15 lakh: 20%

Above ₹15 lakh: 30%

Deduction on family pension for pensioners increased from ₹15,000 to ₹25,000.

Angel Tax: Abolished for all classes of investors to encourage startup investments.

Corporate Tax: Reduced for foreign companies from 40% to 35%.

Sector Allocations

The budget allocates significant funds to various sectors, with a focus on infrastructure, defense, and social welfare:

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[infocoverage]

Unraveling the Paytm Crisis: Implications for India's Finance and Fintech Sector

The recent imposition of limitations on Paytm Payments Bank by the Reserve Bank of India (RBI) has sent shockwaves through the fintech sector, prompting reflections on its potential impact. This crisis underscores the importance for all fintech players to prioritize regulatory adherence, with potential outcomes and lessons for finance professionals and industry participants. Key…