Author: Shehnaz

Bhuvan BhaskarThe picture of the country’s economy presented by the Economic Survey 2021-22, presented a day before the Union Budget 2022-23, has raised the expectations from the budget further. The bottom line of the survey is that Corona and its difficulties are a thing of the past and now the country is not ready to look back. The government has quoted the International Monetary Fund (IMF) as saying that India is set to emerge as the world’s fastest growing economy in the next two years. After the expectation of achieving a growth rate of 9.2% in the current year, now…

Multibagger Stock: The daily fluctuations in the stock market bother many. However, those who patiently stay invested for a long time by choosing good companies, they also get tremendous benefits from it. Eicher Motors is one such company, in which if an investor would have invested 10 years or 20 years ago and had kept that investment patiently till today, then he has become rich today.Shares of Eicher Motors, which makes historical bikes like Royce Enfield, were trading on the National Stock Exchange (NSE) about 20 years ago at a price of Rs 3.18 (close price on January 25, 2002…

Reliance Brands: Reliance Brands, the brand licensing arm of Reliance Industries, has formed a JV with designer Rahul Mishra to launch a new brand. The company, in a statement issued on January 31, said that the Reliance brand will begin the journey of creating a new brand in association with Rahul Mishra. This 60:40 joint venture (either through him and/or his associates) will be a ready-to-wear business of Rahul Mishra.This is the second such partnership by the company in about a month. Earlier in December, Reliance Brands announced a similar partnership with fashion design Anamika Khanna, under which it plans…

The government presented the Economic Survey 2021-22 in a different way this time. Till last year, the Economic Survey was presented in two volumes. However, this time the government introduced it in only one section i.e. one volume. Along with this, the number of pages of the Economic Survey was also reduced by half this year. While last year’s Economic Survey was presented in about 900 pages, this time it is only 413 pages.Along with this, the Economic Survey has called the traditional two-volume format ‘bye-bye’, which was first adopted in 199192. The preface to the Economic Survey report said,…

Before the general budget FY23, the market was bright today. Buying was seen in all the sector indices of BSE. Small, medium stocks have seen good gains. There was buying in IT, Realty, PSU shares. Auto stocks also rose ahead of the January auto numbers. Pharma, Media, Energy indices have also closed on the rise.The biggest movement in these stocks todayRelated newsTata Motors | CMP: Rs 517.50 | Today the stock is up 4 per cent. While releasing the results for the third quarter ended December 31, 2021, Tata Motors has informed that the company has incurred a loss of…

Today Sensex-Nifty recovered all its fall of the last 2 trading days and managed to close with a gain of about 1 per cent at the end of trading. Today the government presented the first economy survey of the budget in the house. In which GDP in FY23 has been estimated at 8-8.5 percent.At the end of trading today, the Sensex closed at 58,014.17 with 813.94 points or 1.42 per cent. On the other hand, Nifty closed at 17,339.80 with a gain of 237.80 points or 1.39 percent.Related newsVinod Nair of Geojit Financial Services Says that taking positive signals from…

Economic Survey 2022: Even though the economy has come out of the slowdown associated with COVID-19, private consumption, which is considered important for economic growth, has still not reached pre-pandemic levels. This has been said in the Economic Survey 2021-22.The review tabled in Parliament on Monday said, “The new advance estimates show that in 2021-22, all demand related components have shown improvement except for private consumption. Compared to pre-pandemic levels, there was a significant recovery in exports, followed by government consumption and gross fixed capital formation.Related newsPrivate consumption contributes the most to GDPPrivate consumption refers to the amount of money…

Harsh Vardhan TripathiOn the tenth day of the country’s budget, the people of the country’s largest state will start electing their representatives. The country’s budget will come on February 1 and in the first phase, voting will be held for 58 seats in Uttar Pradesh. Elections will be held in all the 403 seats of the country’s largest state in seven phases and along with it the people of Uttarakhand, Punjab, Goa and Manipur will also elect their people’s representatives in different phases.Related newsDue to the implementation of the Model Code of Conduct, even though the governments of the election…

Budget Session 2022 Live Updates: Assets under management- AUM, under the management of National Pension System (NPS) and Atal Pension Yojana (APY), according to the Economic Survey 2021-22 tabled in Parliament by Union Finance Minister Nirmala Sitharaman on Monday. Till September 30, it grew 35 per cent year-on-year to Rs 6.67 lakh crore. The combined AUM on the same day last year was Rs 4.94 lakh crore.The total number of subscribers under the National Pension System and Atal Pension Yojana increased from 3.74 crore as of September 2020 to 46.3 crore by September 2021, registering a year-on-year growth of 23.7…

Economic Survey 2022: Despite several downside risks, the unpredictable but spectacular resilience of India’s external sector augurs well for the revival of growth in the economy. This was stated in the Economic Review, 2021-22, presented in Parliament on Monday. The review indicates a strong return of exports and imports in the short term, which was not expected earlier by the policymakers. According to the survey, “This is notable given the slowdown in global trade growth, rising shipping rates and the problem of shortage of containers.”Exports target of $400 billion for 2021-22Related newsThe Survey indicated that against the ambitious target of…