Posts in category Business Standard
Gold, silver prices unchanged; precious metal trading at Rs 75,500/kg (23-01-2024)
The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800
India’s sudden stock, currency market holiday risks denting global image (22-01-2024)
The inauguration of the Ram temple in northern India on Monday marks a new milestone in Modi's project of reshaping the country into a more avowedly Hindu nation
Bitcoin slips back toward $40,000 mark as ETF excitement simmers down (22-01-2024)
The world's largest virtual token declined as much as 3.4% by 7.30 a.m. in New York on Monday, hitting a low of $40,352 - just shy of its lowest point of 2024 recorded on Friday
Global currencies stabilise amid Central bank decision uncertainty (22-01-2024)
Japan's yen was one of the bigger movers, heading away from Friday's 148.80 per dollar, its weakest in a month, to as firm as 147.74, as the Bank of Japan started its two-day policy meeting
Crude oil edges higher as geopolitics outweighs global demand concerns (22-01-2024)
The front-month U.S. West Texas Intermediate crude futures contract for February delivery was up 31 cents at $73.72 a barrel in tepid trade
Govt may increase agri-credit target to Rs 22-25 trn in interim Budget (22-01-2024)
The government is likely to announce in the upcoming interim Budget a substantial increase in the agricultural credit target to Rs 22-25 lakh crore for the next fiscal and ensure every eligible farmer has access to institutional credit, according to sources.
The government's agri-credit target is Rs 20 lakh crore for the current fiscal.
Currently, the government provides interest subvention of two per cent on short term agri-loans of up to Rs 3 lakh for all financial institutions. This means farmers are getting a farm loan of up to Rs 3 lakh at a concessional rate of 7 per cent per annum.
An additional interest subvention of 3 per cent per annum is also being provided to farmers who repay on time. Farmers can also avail long term loans but interest rate is as per the market rate.
For the 2024-25 fiscal, there could be a sharp increase in the agri-credit target to Rs 22-25 lakh crore, sources said.
According to the sources, there is more focus on agri-credit and the government is .
Increase import duty on paper, paperboards to 25% in Budget: Industry body (22-01-2024)
Domestic paper and paperboard manufacturers have demanded a hike in import duty to 25 per cent on paper products and the imposition of a quality control order in the upcoming Budget to discourage cheap inward shipments.
The Indian Paper Manufacturers Association (IPMA), in a statement on Monday, said that in its pre-budget submissions to the government, it has urged for increasing the basic customs duty on the import of paper and paperboard from 10 per cent to 25 per cent as India's WTO Bound rate is 40 per cent on these products.
The association has also asked for the issuance of quality control orders (QCOs) for different grades of paper to ensure the supply of quality products to Indian consumers and check the import of sub-standard products into the country.
IPMA President Pawan Agarwal urged the government to keep paper and paperboard on the negative list while reviewing the existing FTAs (ASEAN, South Korea and Japan) and formulating new ones.
He mentioned that any increase i
Singapore’s crypto firm Terraform files for bankruptcy protection in US (22-01-2024)
Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million
Gold, silver prices unchanged; yellow metal trading at Rs 63,050/10g (22-01-2024)
The price of 22-carat gold remained stable, with the yellow metal selling at Rs 57,800
India’s IPO market one of the busiest in world but it is also broken (22-01-2024)
It's the regulator's job to ensure that companies with reasonably solid prospects come to public markets and offer stock at a price that allows long-term wealth creation