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#indian economy
plutusiasdelhi · 6 months
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ayush27 · 1 year
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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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indizombie · 1 year
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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'
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wordexpress · 1 year
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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.
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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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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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arjunkariyal · 5 days
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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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freepressjournals · 11 days
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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.
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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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careerinbanking · 15 days
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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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signode-blog · 16 days
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Reliance Industries: Pioneering Innovation, Driving Growth, Shaping the Future
Reliance Industries Limited (RIL) stands as a beacon of industrial might and innovation, not just within the confines of India but on the global stage. Founded by Dhirubhai Ambani in the 1960s, it has metamorphosed from a modest textile manufacturer into a behemoth straddling various sectors, including petrochemicals, refining, oil and gas exploration, retail, telecommunications, and digital…
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infocoverage · 1 month
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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…
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aakashmalhotra · 2 months
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Union Budget 2024-25:Deloitte Pre Budget Survey 2024
The Deloitte India Budget Prediction 2024-25 report provides a valuable overview of the key areas that are likely to receive attention in the upcoming Union Budget 2024-25 of India. #gdpgrowth #RamMandirPranPrathistha #budget #UnionBudget2024
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vakilkarosblog · 3 months
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Which comes under NBFC?
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Section 8 Microfinance Company Registration refers to the registration of a microfinance company under Section 8 of the Companies Act, which pertains to companies established for charitable purposes. Microfinance companies provide financial services to low-income individuals and businesses and Which comes under NBFC?.
As for the connection with NBFC (Non-Banking Financial Company), microfinance companies often fall under the broader category of NBFCs. NBFCs are financial institutions that provide banking services without meeting the legal definition of a bank. Microfinance companies, by engaging in lending and financial activities, often align with the characteristics of NBFCs.
For more detailed and specific information on Section 8 Microfinance Company Registration and its relationship with NBFCs, you may want to consult legal or financial experts, or visit official government websites related to company registration and financial regulations in your jurisdiction.
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jayprakashraj · 3 months
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Indian Economy 2024: Indian Economy Got The Support Of Villages | Raj Express
Amid global challenges, the Indian economy is thriving, surpassing estimates and emerging as one of the world's fastest-growing major economies. Nomura, a global investment banking firm, suggests that support for the Indian economy may come from rural areas in the coming days.
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prabhatjairam · 3 months
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Economic Issues
India has one of the world's fastest-developing economies. It belongs to the group of developing nations that continually seek to strengthen their economic conditions. The enormous population of India presents a lot of difficulties that must be resolved for it to keep expanding. Yet, India confronts several economic issues, which we will address in this blog post. We'll talk about the main issues and toughest obstacles the Indian economy faces.
What are economic issues?
Economic issues refer to any difficulty in the economy that is concerned with the production of goods and services to meet the economy's endless desires through the use of scarce resources. In other words, a choice-making issue brought on by a lack of resources is typically referred to as an economic difficulty. It develops because humans have limitless demands but only a few ways to satisfy them.
Central problems of an economy
The production, distribution, and exchange of goods and services are the three core issues of an economy. Let's look at these issues: what to produce, how to produce, and for whom to produce. Doing so will help us identify the demands of society.
(I) What to produce?
This issue entails deciding which products should be created as well as how much of each product should be produced.
A nation must choose what types of commodities and services to produce as it has limited resources and cannot produce all goods.
For instance, if a farmer only has one plot of land available for farming, he must decide between growing wheat or rice.
(II) How to produce?
This problem determines which production method to use in the creation of the chosen goods and services.
There are primarily two production methods. Which are:
1) Capital-intensive approach (more reliance on machines)
2) Labor-intensive approach (more labor is employed)
Capital-intensive techniques encourage efficiency and expansion, whereas labor-intensive techniques generate employment.
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(III) For whom to produce?
This topic is concerned with determining the types of people who will consume the goods, i.e., to produce goods for the rich or the poor.
Society is unable to fulfill everyone's needs. Hence, it must decide how much of the entire output of commodities and services should go to whom.
Furthermore, society must decide whether to produce luxury items or everyday goods. This distribution or ratio is closely related to the economy's purchasing power.
Causes of economic issues
Some of the primary causes of economic problems are listed below:
1. Endless human desires
Human beings have limitless wants and needs, so they can never be satisfied. A person will experience new cravings once their initial need has been met. Because of the limited resources available, the unending number of people's needs continues to grow.
2. Unavailability of resources
Resources like labor, land, and capital are not enough to meet demand. As a result, the economy is unable to satisfy everyone's needs.
3. Other uses
Due to a lack of resources, the same resources are employed for several reasons, and choosing among resources is consequently crucial. For instance, gasoline is used for running equipment, generators, and vehicles. Thus, the economy should now select one of the alternate applications.
Major challenges faced by the Indian economy
The Indian economy faces several ups and downs due to the following reasons:
1. Unemployment
Unemployment reflects the health of the economy. It is a condition in which an individual actively seeks employment but is unable to obtain work. Workers who are unemployed experience financial hardship, which harms their families, relationships, and communities. However, the level of poverty may rise as a result of little or no income, which would slow down economic development and progress.
2. Poor education
Many children in India are unable to receive a proper education because of poverty, unstable finances, or other resource shortages. Due to their lack of skills and intellectual capacity, these kids find it difficult to fit into social situations. As a result, they are unable to participate in the same activities as educated people due to the lack of resources that education generates.
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3. Population density
The population density of India is among the greatest in the world. The major issue that the Indian economy faces is this population density combined with an infrastructure that cannot keep up with the population expansion. Besides, congestion emerges as a problem with increased population densities as more people begin to dwell in an area. Problems such as packed roads and transit congestion make it difficult for people to commute by public transportation, leading to people buying more vehicles, which then leads to other problems such as traffic jams and pollution.
4. Corruption
Another significant issue that the Indian economy faces is corruption. The economy is greatly inefficient and wasteful as a result of corruption. It causes plenty of social issues. Moreover, corruption functions as an ineffective tax on businesses, ultimately driving up production costs and lowering investment returns.
Conclusion
It is acknowledged that India needs to solve several economic concerns quickly to improve its economic situation. We must acknowledge the importance of education in addressing these problems if we want to overcome them. Hence, assist India's underprivileged folks in receiving a quality education because it is the responsibility of the educated person to inform others of the value of education. Keep in mind that India can develop more as we learn more about it!
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flashsbite · 4 months
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In India Wedding is not Meet-up Of Two soul is the boom of economy
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