Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Shanti Dhariwal made the allegation while replying to a debate on the Rajasthan Goods And Services Tax (Amendment) Bill, 2021.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

The Banks Board Bureau (BBB), the headhunter for state-owned banks and financial institutions, on Monday invited bids from firms to carry out background verification of candidates for director-level vacancies.

The firm will prepare a candidate verification report for every aspirant to provide the necessary inputs to the BBB members before the interactions of the individual personages with the bureau, according to a public notice issued to invite bids.

"A bidder will be selected under the Quality cum Cost Based System method (QCBS) with weightages of 80:20 (80 percent for technical proposal and 20 percent for financial proposal) and as per procedures described in this RFP," it said.

It also said that Rs 9,000 per candidate for approximately 50 candidates per annum would be paid to the firm.

The agency is expected to check educational and employment history, crime and default cases if any and other aspects as mandated by the Bureau.

The firm should also extensively examine the social media content of the candidate, it said, adding three weeks-time would be given to complete the process.

The selected firm will be engaged for two years, subject to a review of performance after one year by the Bureau. The last date for submission of application is October 5, 2021, it said. The government in 2016 had approved the constitution of the BBB as a body of eminent professionals and officials to make recommendations for the appointment of whole-time directors as well as non-executive chairpersons of PSBs and state-owned financial institutions.

It was also entrusted with the task of engaging with the board of directors of all PSBs to formulate appropriate strategies for their growth and development.

Besides, it was asked to frame a strategy discussion on consolidation based on the requirement. The government wanted to encourage bank boards to restructure their business strategy and also suggest ways for their consolidation and merger with other banks.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Thursday’s report from the Labor Department showed that jobless claims dropped from a revised total of 345,000 the week before. The number of applications has fallen steadily since topping 900,000 in early January, reflecting the steady reopening of the economy after the pandemic recession.

The number of USA citizens seeking unemployment benefits fell last week to 310,000, an epidemic low and a symbol that the surge in COVID-19 cases caused by the delta variant has yet to steer to widespread layoffs.

Thursday’s report from the Department of Labor showed that jobless claims dropped from a revised total of 345,000 the week before. the amount of applications has fallen steadily since topping 900,000 in early January, reflecting the steady reopening of the economy after the pandemic recession.

Sharetipsinfo: Indian Stock Market Tips | Share Tips | Stock tips

But the spread of the delta variant this summer has put renewed pressure on the economy and therefore the job market. On Wednesday, the Federal Reserve System reported that U.S. economic activity “downshifted” in July and August, partially due to a pullback in dining out, travel, and tourism associated with concerns about the delta variant.

And last week, the govt reported that hiring slowed dramatically in August, with employers adding just 235,000 jobs after having added roughly 1,000,000 in both June and July. Hiring plummeted in industries that need face-to-face contact with the general public, notably restaurants, hotels, and retail. Still, some jobs were added in other areas, and therefore the percentage actually dropped to five .2 percent from 5.4 percent.

This week, quite 8 million people lost all their unemployment benefits with the expiration of two federal programs that covered gig workers and other people who had been jobless for quite six months. Those emergency programs had been created in March 2020, when the pandemic first tore through the economy.

An additional 2 million people have lost a $300-a-week federal supplement to state unemployment benefits that expired in the week. Some business owners had complained that the federal supplement made it harder to fill open jobs. Those pleas led governors in about 25 states to cancel the $300 payment early and to shut off the 2 emergency programs in most of these states also. But academic research has found that thus far, the first cut-offs in jobless benefits have led to only a little increase in hiring in those states.

Many economists express concern that the cut-off will cause financial hardship because the resurgence of the pandemic will make it harder for a few of the unemployed to seek out work. After previous recessions, emergency expansions of jobless aid ended at a time when far fewer people were still receiving benefits.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

The grants are released as per the recommendations of the 15th Finance Commission in monthly installments to meet the gap in revenue accounts of the states post-devolution. The commission has recommended this grant to the 17 states during 2021-22.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

In a video conference with the state chief ministers, Tomar asked state governments to create a database for the state using the federated farmer database prepared by the central government and allow linkage to the state land record database.

The Centre will increase the farmer database from the present 5.5 crores to eight crores by December this year with the support of states, Agriculture Minister Narendra Singh Tomar said.

In a video conference with the state chief ministers, Tomar asked state governments to make a database for the state using the federated farmer database prepared by the central government and permit linkage to the state land record database.

"The Ministry of Agriculture and Farmers Welfare has created a database of 5.5 crore farmers and it'll be increased to eight crore farmers by December 2021 with the assistance of state governments," a politician statement quoted Tomar saying within the conference.

Noting that agriculture has got to be linked with digital technology, research project and knowledge, the minister emphasised that both the Centre and states must work together for agriculture to offer a lift to the economy.

He also said with the establishment of the Agriculture Infrastructure Fund, Farmer Producer Organisations (FPOs), Mandis and start-ups will get loans easily.

In the conference, digital agriculture and the of emerging technology for smart agriculture was discussed and therefore the concept of farmers' database was explained.

According to the statement, a national farmer database is being created by taking data from existing schemes like PM-KISAN, soil health card and Pradhan Mantri Fasal Bima Yojana. The database will have connectivity to the state land records database.

Stating that there's a rise in farm exports, Union Food and Commerce Minister Piyush Goyal said, "India is emerging as a trusted export partner and there's further scope for improvement of agri-exports."

He emphasised that the infrastructure must be strengthened for storage and warehousing.

The objectives of the conference were to spotlight the salient features of "Atmanirbhar Krishi" (self-reliant agriculture sector) and to enable states to reinforce farmers' income. it had been also an event to share innovative initiatives undertaken by the states.

The discussion with the states centred round the Rs 1 lakh crore Agriculture Infrastructure Fund found out to drive infrastructure investment.

Also Read:- Get  90% Share Market Tips 

The recent modifications within the scheme were explained – the eligibility has been extended to APMCs, state agencies, national and state federations of cooperatives, FPOs and self help groups.

The eligible activities were explained like community farming, assets, post-harvest management projects and first processing.

In the conference, the necessity to form India self-reliant in edible oils and palms was stressed and therefore the role of the states was discussed.

The Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) and therefore the saturation of Kisan mastercard for little and marginal farmers was also discussed. Upgradation of the beneficiary database was emphasised.

There was discussion on export of agriculture products and therefore the role of APEDA (Agricultural and Processed Food Products Export Development Authority) in increasing agriculture exports.

The states were told that APEDA will facilitate cluster centric capacity building exercises for state officials, FPOs, farmers, start-ups, etc.

The first day of the two-day conference saw the participation of Chief Ministers and Agriculture Ministers of States like Punjab, Haryana, Rajasthan, Uttar Pradesh, Uttarakhand, Himachal Pradesh, Chattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Bihar, Jharkhand, Odisha, West Bengal and Goa.

Two junior Agriculture Ministers Kailash Choudhary and Shobha Karandlaje, Agriculture Secretary Sanjay Agarwal, Food Secretary Sudhanshu Pandey were among other senior officials present at the conference.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

While we have a favourable external environment with most global buyers looking to hedge their bets outside China, India must trigger a quality revolution among its manufacturers in order to grab this opportunity 

One of the foremost striking contrasts for global buyers in sourcing products from India vis-a-vis China remains an astonishing lack of attention to quality among an enormous majority of Indian manufacturers. This problem is acutely pronounced in the small and medium scale manufacturing (MSME) sector.

For example, within the apparel and textiles sector, India is home to several world-class and quality-conscious manufacturers. Similarly, other industries even have top-quality manufacturers.

It is outside the big-league players that we see a precipitous decline in adherence to the worldwide quality standards. Contrast this with China, where there's no shortage of small or midsized firms following the strict us and European standards of quality.

The pandemic brought now home once more. In early 2020, because the demand for three-ply masks shot through the roof round the world, our teams struggled to seek out even a couple of manufacturers from India who were making masks that met the US FDA’s or EU CE standards for exports. as compared, many such factories in China — a majority of them small or midsize units — were readily producing their FDA/CE certification on demand.

This experience, among others, has led us to conclude that poor quality control remains perhaps the most important self-inflicted barrier to the expansion of Indian exports. this is often a drag area that needs attention and therefore the gaps got to be addressed.

Also, Read | Investment Diversification with Commodity Mutual Funds

To begin with, we'd like to recognize that quality, like charity, begins reception. Most Indian small-scale units were found out to satisfy domestic or local demand, and that they have bought into the self-perpetuating myth that Indian customers are fine with goods of lower quality.

Garments and apparel manufactured in India and sold in Indian retail stores are rarely tested vigorously for strength, stretchability, and tear resistance of the material. this is often readily apparent to anyone in India who has bought a pair of jeans or shirt from the US or Europe — the difference in quality is stark. this is often changing, but not at the pace where Indian brands are often considered globally competitive.

Now, when these very manufacturers aim for growth through exports, they're seldom conscious of quality standards demanded by foreign buyers. In other cases, they decide that implementing higher quality control in factories isn't well worth the significant time and investment for a gift within the distant future.

Education and awareness-building are the keys to addressing this issue at a private unit level. In some cases, local associations have also played an important role. In Ahmedabad, Gujarat, an association of chemical and pharma manufacturers formulated a group of world-class standards for effluent treatment and disposal, which were then mandated for all member units. Pressure from industry peers eventually forced all units to take a position as inexpensive yet effective waste treatment plants, allowing their products to pass even the strictest sourcing requirements from buyers around the world. Exports took off, and every one unit earned a handsome return on their investments.

While the manufacturers don an enormous share of the responsibility to take care of global standards of quality, there's important work to be done by other stakeholders also. Most critically, we'd like a radical overhaul of our domestic standards enshrined under ISI/BIS, bringing the standards themselves also as procedures for checks and audits as on the brink of their global counterparts as possible. Our domestic standards are outdated or weak and are seldom accepted by international buyer of repute.

Even if we were to concede that an entire overhaul of the ISI/BIS specifications could also be a long-drawn and tiresome process, the work at hand also can be accomplished by a myriad of government-funded ‘export promotion councils’, who can each undertake promulgation and audit of world-class standards for industries and units falling under their respective jurisdiction.

For India to be a key player in global exports it necessitates a pervasive attention and adherence to global standards of quality, particularly among small scale manufacturers. While we've a favourable external environment with most global buyers looking to hedge their bets outside China, India must trigger a top quality revolution among its manufacturers so as to grab this chance .

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Today, the RBI has managed to amass $572 billion of foreign currency assets that will come in handy in fighting any speculative attack on the rupee following a bond-buying taper by the US Fed

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Addressing the Internation Climate Summit 2021, Mukesh Ambani said that work was happening at a brisk pace to develop the 5,000-acre Giga Complex

Reliance Industries (RIL) Chairman Mukesh Ambani, on September 3, reiterated his commitment to take a position Rs 75,000 crore over subsequent three years in green energy initiatives, including the Dhirubhai Ambani Green Energy Giga Complex in Jamnagar, because the global energy behemoth shifts its focus from hydrocarbons to renewable power.

Addressing the International Climate Summit 2021, Ambani said that employment was happening at a brisk pace to develop the 5,000-acre Giga Complex, which might be one among the world's largest green energy facilities, which RIL was on target to become a net-zero carbon company by 2035.

At the event, which is on developing India's hydrogen energy ecosystem, Ambani said that the Giga Complex would have four Giga factories to supply solar integrated photovoltaic units, advanced batteries to store energy, electrolysis to supply green hydrogen and a cell plant to convert that hydrogen to green energy.

Also, Read | Investment Diversification with Commodity Mutual Funds

"Although the value of green hydrogen energy is currently high, they're expected to fall significantly. New technologies are emerging for storage and transportation of green hydrogen which can cause an extra reduction in costs," Ambani said.

The government is getting to create an enabling green hydrogen ecosystem which can attract investments," he said.

Reliance will found out the renewable capacity of a minimum of 100 GW by 2030 and can work on bringing down the value of green hydrogen to $1/kg within the next decade, Ambani added.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

After a day of decline in petrol price by 10 to 15 paise across the country, the rates remained unchanged on September 2. Diesel prices were also not changed on the day, according to a price notification by state-run oil companies.

Petrol price in Delhi was cut to Rs 101.34 a litre and diesel to Rs 88.77 per litre on September 1. The prices remained the same on September 2 in the national capital.

In Mumbai, fuel prices witnessed a similar trend. The petrol price remained unchanged and retailed at Rs 107.39 a litre. The financial hub, on May 29, became the first metro in the country where petrol was being sold for more than Rs 100 per litre.

Diesel price also remained the same and sold at Rs 96.33 per litre in Maharashtra’s capital.

The fuel prices remain unchanged in Kolkata too, where a litre of petrol and diesel were retailed at Rs 101.72 and 91.84, respectively.

Chennai also retailed a litre of petrol at the same price - Rs 99.08. Diesel price also remained unchanged at Rs 93.38 per litre in Tamil Nadu’s capital.

The price cut follows international oil prices tumbling to their lowest level since May after the US Federal Reserve signalled it was set to start tapering asset purchases within months, hurting commodities and lifting the dollar.

India is near 85 per cent dependent on imports to meet its oil needs and so benchmarks local fuel rates to international oil prices.

Petrol and diesel price was last hiked on July 17. Prior to that, the petrol price was increased by Rs 11.44 a litre between May 4 and July 17.

Diesel rates had gone up by Rs 9.14 during this period. The price hike during this period pushed petrol prices above Rs 100-a-litre-mark in more than half of the country while diesel crossed that level in at least three states.

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

Data on Tuesday showed Asia’s third-largest economy grew by a record annual pace of 20.1% last quarter, driven by a surge in manufacturing and a strong rebound in consumer spending, but spiking infections from the Delta variant of the coronavirus and slow vaccination rates in some states are likely to hurt growth.Tata Steel | Brickwork Ratings upgrades the ratings for the unsecured Non-Convertible Debentures/Bond Issues aggregating Rs 4000 crore of the corporate from BWR AA/Stable to BWR AA+/Stable.

Indian factory activity expanded at a slower pace last month as persistent pandemic-related weakness weighed on demand and output, forcing firms to chop jobs again following a quick recovery in July, a personal survey showed on Wednesday.

Data on Tuesday showed Asia’s third-largest economy grew by a record annual pace of 20.1% half-moon , driven by a surge in manufacturing and a robust rebound in consumer spending, but spiking infections from the Delta variant of the coronavirus and slow vaccination rates in some states are likely to harm growth.

The Manufacturing Purchasing Managers’ Index, compiled by IHS Markit, fell from July’s three-month high of 55.3 to 52.3 in August but stayed above the 50-level that separates growth from contraction on a monthly basis.

Although new orders and output expanded for a second month, growth slowed sharply in August.

”August saw a continuation of the Indian manufacturing sector recovery, but growth lost momentum as demand showed some signs of weakness thanks to the pandemic,” said Pollyanna De Lima, economics associate director at IHS Markit.

”Uncertainty regarding growth prospects, spare capacity and efforts to stay a lid on expenses led to a freeze in August.”

Employment slipped back to contractionary territory in August after growing in July for the primary time in 16 months, indicating the work market is way from pre-pandemic levels.

Shortages of raw materials and better freight fees continued to place pressure on input costs, forcing firms to extend prices at the fastest pace since May, indicating inflation would remain elevated.

However, that wasn't expected to prompt the Federal Reserve Bank of India to tighten monetary policy, as support for the economic process continues to be the central bank’s main priority.

Still, optimism weakened in August as companies were concerned about inflation and therefore the pandemic’s lingering impact.

”The 12-month outlook for production remained positive, though confidence faded amid worries concerning the lasting scars of the pandemic and therefore the adverse impact of rising costs,” added De Lima.