#Indian economy
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13.04.2024
I dont know why but i can't seem to complete more than two tasks which is really bad for me in the long run.. but textbook reading takes away all my motivation to study more.. i have to do more and better.. i have to do what I can and i am being so inconsistent in my studies.. i am having lack of motivation.. i have to leave all my tasks for tmr. I have to do something about it. I can't go on like this. I have to make a time table to make more time to complete other study related tasks.. i will invest some time to make a time table and be back with more motivation. Consistency in studies is really important as I am having exams coming up soon.
Things I did:
IED: notes making and lecture
Political science: Textbook reading
Song of the day: So it goes by Taylor Swift
Good luck to me for tmr.
#study with me#studyblr#studyblr community#study motivation#study space#study aesthetic#study blog#study inspo#study stuff#student#student life#study notes#studyspo#writing notes#notes#political science#indian economy#textbook#book reading#long reads#revision
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youtube
#ias coaching in delhi#upscaspirants#upsccoaching#best ias coaching in delhi#upsc exam preparation#civil services examination#ias#education#iascoaching#plutus ias#Prelims#upsc prelims#Mains upsc#indian economy#Youtube
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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
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While the Indian economy is said to be growing at the fastest rate, poverty is deepening in rural remote Adivasi belts of Central-Eastern India. During the past two years, at least 21 members of Adivasi/Dalit societies have died of starvation in Jharkhand, which the government refuses to accept as ‘starvation deaths’. On the contrary, the state machinery attributes their death to some disease or illness.
Stan Swamy, 'I am not a Silent Spectator'
#I am not a Silent Spectator#Stan Swamy#India#Indian economy#Adivasis#Central-Eastern India#Dalits#Jharkhand#starvation deaths
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Nirmala Sitharaman's prediction for India's economy as IMF cuts global growth
Nirmala Sitharaman said growth will be among the top priorities of the Narendra Modi government and attention will be paid to sustaining the momentum that the Indian economy has got coming out of the Covid-19 pandemic.
Union finance minister Nirmala Sitharaman, who is in the US to attend the annual meetings of the International Monetary Fund (IMF) and the World Bank, on Tuesday forecasted India’s growth rate to be around 7 per cent this financial year.
Sitharaman said growth will be among the top priorities of the Narendra Modi government and attention will be paid to sustaining the momentum that the Indian economy has got coming out of the Covid-19 pandemic.
Her statement comes even as the IMF, in its latest projection, predicted India’s GDP growth to be 6.8 per cent — down from a January projection of 8.2 per cent and in July estimate of 7.4 per cent. However, despite the slowdown, India would remain the fastest-growing major economy.
The IMF said on Tuesday global growth is expected to slow further next year, downgrading its forecasts as countries grapple with the fallout from Russia’s invasion of Ukraine, spiraling cost-of-living and economic downturns.
The world economy has been dealt multiple blows, with the war in Ukraine driving up food and energy prices following the coronavirus outbreak, while soaring costs and rising interest rates threaten to reverberate around the globe.
“I am aware that growth forecasts around the world are being revised lower. We expect India’s growth rate to be around 7 per cent this financial year. More importantly, I am confident of India’s relative and absolute growth performance in the rest of the decade,” she said addressing a gathering in Washington.
Sitharaman, however, observed that the Indian economy is not exempt from the impact of the world economy. “No economy is,” she said.
“After the unprecedented shock of the pandemic, came the conflict in Europe with its implications for energy, fertiliser and food prices. Now, synchronised global monetary policy is tightening in its wake. So, naturally, growth projections have been revised lower for many countries, including India. This triple shock has made growth and inflation a double-edged sword,” Sitharaman said.
After the Russia-Ukraine conflict started in February 2022, there was a sharp increase in food and energy prices. India had to ensure that the rising cost of living did not lead to lower consumption through erosion of purchasing power.
“We addressed these multiple and complex challenges through a variety of interventions. One, India ramped up its vaccine production and vaccination. India has administered over 2 billion doses of vaccine produced domestically. Two, India’s digital infrastructure ensured the delivery of targeted relief Third, in 2022, after the conflict erupted in Europe, we ensured adequate availability of food and fuel domestically, lowered import duties on edible oil and cut excise duties on petrol and diesel. The central bank has acted swiftly to ensure that inflation did not get out of hand and that currency depreciation was neither rapid nor significant enough to lead to a loss of confidence,” the minister said.
Sitharaman said India is discussing with different countries to make Rupay acceptable in their nations.
“Not just that, the UPI (Unified Payments Interface), the BHIM app, and NCPI (the National Payments Corporation of India) are all now being worked in such a way that their systems in their respective country, however, robust or otherwise can talk to our system and the inter-operability itself will give strength for Indians expertise in those countries,” she said.
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National Income
Marshall defined National Income as "The labour and capital of a country acting on its natural resources produce annually a certain net aggregate of commodities, material and immaterial, including services of all kinds. This is true net annual income or revenue of the country, or the national dividend".
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Indian Economy Shows Growth and Expansion
Private credit is becoming more popular for Indian projects as entrepreneurs prefer short-term debt over giving up ownership. This is happening because new private equity (PE) investments are decreasing, and many PEs are leaving through public markets.
Several companies are planning to enter capital markets soon to provide money to PE fund investors.
"Private credit demand is going up. Big credit funds are investing lots of money in Indian companies, both struggling and doing well," says Bhavin Shah, a partner at PwC India.
PE firms offer private credit at slightly higher rates than shared loans and also provide global expertise to entrepreneurs.
Tax uncertainty worries PEs in India, with many still getting income-tax notices despite efforts to clarify the system," Shah notes.
"This is India's decade, with global PE investors planning big investments," says Eric Janson, global head of private equity at PwC.
In 2021, India saw record private investments, leading to record exits for early investors. In 2023, there were also record exits through public market sales.
Global PE funds usually hold their investments for 6-7 years and make returns of 3.5x–4.5x on their original investment in CY22 and CY23.
M&A activity increased in Q1 2024, with 455 deals worth $25.6 billion, a 24% increase from Q4CY23, showing a market change.
Dinesh Arora, a partner at PwC India, says: "Amid opportunities, the Indian economy is doing well. Q1 2024 is the best in six quarters, showing growth and a desire for expansion."
While M&A average deal sizes stayed the same, PE deal sizes fell 39%, with most deals under $50 million, especially in the lower- and mid-market segments.
The biggest deal was in media and entertainment, with Reliance Industries and Walt Disney forming a joint venture.
#indian economy#indian economy 2024#indian project#indian entrepreneurs#global investments#finance#investment#indian government
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American Investors embrace a less-democratic India
A popular opposition figure is in prison. Another major party’s election funds have been seized. As India, the world’s largest democracy, gears up for elections in less than two weeks, investors from the world’s oldest democracy are embracing it like never before.
A popular opposition figure is in prison. Another major party’s election funds have been seized. As India, the world’s largest…
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#american investors#Congress Party#democracy in india#democratic recession#FDI#freedom house#General elections#india gdp#Indian democracy#Indian economy#indian national congress#Lok Sabha elections#Lok Sabha polls 2024#opposition parties#prime minister narendra modi#us investments in india#us investors
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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
#world news#world politics#news#asian#india news#india#indian economy#indian politics#indian elections#modi#pm modi#narendramodi#bharatiyajanataparty
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11.04.2024
Today was holiday on the occasion of Eid-ul-fitr so I wish greetings of the day to everyone. I had a simple study sessions today.
Things I did:
Political science: textbook reading
IED: notes making
Song of the day: Easy by LESSERAFIM
Good luck to me for tmr.
#study with me#studyblr#studyblr community#study motivation#study space#study aesthetic#study blog#study inspo#study stuff#student#student life#textbook#book reading#long reads#writing notes#study notes#notes#political science#indian economy
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Insights from RBI Governor Shaktikanta Das
In a recent address, Reserve Bank of India (RBI) Governor Shaktikanta Das shared valuable insights on various aspects crucial to India’s economic landscape.
1. Growth Outlook: Das highlighted a positive growth trajectory for the Indian economy, with the National Statistical Office (NSO) forecasting a 7.6% growth in FY24. He emphasized that this sustained growth, averaging 8% over a three-year period, signifies an increase in the country’s potential growth.
2. Financial Stability: Addressing the importance of governance and regulatory compliance, Das stressed that Non-Banking Financial Companies (NBFCs) and other financial entities must prioritize these factors. Considering their operation with public funds, maintaining quality governance is imperative. He emphasized that ensuring financial stability is a collective responsibility, with the RBI committed to engaging with financial entities.
3. Forex Reserves Management: Das highlighted India’s record-high foreign exchange reserves, reaching $645.6 billion as of March 29. He discussed the impact of geopolitical events such as the Ukraine-Russia conflict, which led to temporary fluctuations in reserves. Emphasizing prudent management, Das assured that India’s forex reserves were utilized judiciously, serving as a robust safeguard during times of economic uncertainty.
Overall, Das’s insights provide valuable perspectives on growth, financial stability, and forex management crucial for India’s economic resilience and prosperity.
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PM Modi Calls for Economic Self-Reliance: Key Takeaways from RBI's 90th Year Commemoration
Introduction: Prime Minister Narendra Modi addressed the commemoration of the Reserve Bank of India's 90th year, highlighting the imperative for India to enhance its economic self-reliance. Let's delve into the key insights from his speech and its implications for India's economic future.
Content: Prime Minister Narendra Modi underscored the necessity for India to fortify its economic independence over the next decade. Emphasizing the importance of mitigating external challenges, Modi stressed the need to bolster the rupee's global acceptance and accessibility. With India's substantial contribution of 15% to global GDP growth, Modi positioned the nation as a crucial engine of global economic advancement.
India's aspiration to elevate the rupee to a global currency was underscored, with initiatives such as its inclusion in the Special Drawing Rights (SDR) basket and recalibration of the foreign portfolio investor (FPI) regime recommended by an RBI-appointed Inter-Departmental Group (IDG) last year.
PM Modi commended the RBI's efforts in revitalizing India's banking sector and economy, reminiscing about the challenges faced in 2014 and the significant strides made since then. Capital infusion of Rs 3.5 lakh crore in public sector banks and reforms aimed at strengthening governance have rejuvenated the banking sector's resilience. Notably, the Insolvency and Bankruptcy Code (IBC) facilitated the resolution of bad loans worth Rs 3.25 lakh crore, while gross NPAs plummeted to below 3%.
Modi attributed this transformation to the government's unwavering commitment, clear policies, and decisive actions. He emphasized the pivotal role of prudent financial policies, exemplified by the inflation targeting framework, in maintaining economic stability amidst global adversities. The government's strategic focus on fiscal consolidation and active price monitoring has contributed to moderating inflation levels, fostering an environment conducive to progress.
Conclusion: PM Modi's vision for India's economic self-reliance underscores the nation's resilience and determination to navigate global challenges. With concerted efforts towards bolstering the banking sector, fostering financial stability, and prioritizing inflation control, India is poised to realize its aspirations for sustainable economic growth in the years ahead.
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Year Closing Regulatory Updates for Construction & Real Estate Industry
Construction and Real-Estate Industry is experiencing paradigm shift and contributing their best in Indian economy.
RERA, Housing Ministry, GST, and other statutory bodies are all set to reform policies in line with "ease of doing business" objectives.
Pankti Vasoya, the director of BlueWing DCPL, compiles some of the important regulatory updates for you.
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10 good things for India from #lockdown2020
Fans of Monty Python will find joy in the ever-green ‘Always look on the bright side of life‘ as the overwhelming spread of Coronavirus pandemic consumes us by the day. In that spirit, some good things may happen in India, despite the news.
Government and authorities have been trying to improve India’s overall situation in the past few years, but these initiatives will really work when people own…
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India’s Growing Reliance on Oil Imports Signals Concerns for FY24
As we approach the end of the financial year 2023–24 (FY24), India faces a sobering reality: its dependence on imported crude oil is on the rise, potentially reaching unprecedented levels. According to recent data released by the oil ministry’s Petroleum Planning & Analysis Cell (PPAC), India’s reliance on imported crude surged to nearly 88% in the period from April to February, indicating a trend that could see FY24 surpass the record high levels of the previous year.
Despite efforts to bolster domestic production, India’s self-sufficiency in crude oil dwindled to just 12.3% during the April-February period, a decline from 12.8% in the corresponding period of the previous financial year. This decline in self-sufficiency is primarily attributed to stagnant domestic crude oil output coupled with escalating demand for fuel and petroleum products.
Over the years, India’s reliance on oil imports has been steadily increasing, barring a brief respite in FY21 due to the COVID-19 pandemic-induced slowdown. The country’s dependence on imported crude stood at 85.5% in FY22, with previous years witnessing a similar upward trajectory. Despite governmental aspirations to curtail this reliance — with targets set as early as 2015 to reduce oil imports to 67% by 2022 — the actual dependency has only surged, making the Indian economy susceptible to global oil price fluctuations and impacting various economic indicators such as foreign trade deficit, foreign exchange reserves, and inflation rates.
In response to this escalating dependence, the government has been advocating for alternative energy sources such as electric mobility and biofuels to mitigate the reliance on costly oil imports. Efforts to augment domestic crude oil output through incentivizing exploration and production contracts and opening up new areas for hydrocarbon exploration have also been intensified. However, these measures have yet to yield significant offsets to the burgeoning demand for petroleum products.
India’s refining capacity, exceeding 250 million tonnes per annum, positions it as a net exporter of petroleum products despite being one of the world’s largest importers of crude oil. However, the widening gap between domestic production and consumption underscores the urgency for sustainable solutions to balance energy needs and economic stability.
As we navigate the complexities of India’s energy landscape, the trajectory of oil imports in FY24 will be closely monitored, bearing implications not only for the energy sector but also for broader economic indicators and policy directions. Efforts to diversify energy sources and enhance domestic production remain imperative in ensuring energy security and economic resilience in the years to come.
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Unlocking Career Opportunities with "Mastering Indian Tax Planning and Return Filing"
In the evolving landscape of the Indian economy, taxation stands as a pivotal element driving the financial framework of both businesses and individuals. With the government’s dynamic regulatory changes, especially with the introduction of GST, the demand for knowledgeable tax professionals has surged. This presents a significant career opportunity for students and aspiring professionals eager to…
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#Career Development#Corporate Tax Strategy#Digital Tax Tools#Emerging Technologies in Taxation#Finance Education#Financial Analysis#Financial Career Pathways#Financial Literacy#GST Compliance#Hands-on Tax Practice#Income Tax#Indian Economy#Online Learning#Tax Advisory Services#Tax Consulting Careers#Tax Filing Skills#Tax Law Updates#Tax Planning#Tax Professional Training#Taxation Course
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