#RBIUpdates

[quibblefrost]

Indian Stock Market Wrap-Up: Top Sectors & Insights - January 16, 2025

Market Overview

The Indian stock market extended its winning streak for the third consecutive session. The BSE Sensex gained 318.74 points (0.42%) to close at 77,042.82, while the NSE Nifty50 rose 98.60 points (0.42%) to finish at 23,311.80.

Top Performing Sectors

Insurance Sector

HDFC Life Insurance Company: Closed at ₹641.70 (+7.99%), with an intraday high of ₹663.60.

SBI Life Insurance Company: Rose 2.89% to ₹1,515.35, reaching an intraday high of ₹1,545.00.

Energy Sector

Adani Power: Jumped 4.59% to ₹599.90, accumulating a 26.59% gain over the past three sessions.

NTPC Ltd.: Increased 1.35% to ₹325.60.

Defense Sector

Bharat Electronics Ltd. (BEL): Climbed 3.6% to ₹277.50, with an intraday high of ₹278.05.

Underperforming Stocks

Trent Ltd.: Dropped 2.51% to ₹6,230.00.

Dr. Reddy’s Laboratories: Fell 2.26% to ₹1,307.00.

HCL Technologies: Declined 1.95% to ₹1,790.15.

Market Outlook for Coming Weeks

The recent rally has been driven by favorable global cues, including softer U.S. inflation data, which increases the likelihood of Federal Reserve rate cuts. However, HSBC has downgraded Indian equities to "neutral" due to concerns about slowing growth and high valuations. The Reserve Bank of India's (RBI) liquidity measures further support market stability.

Key Levels to Watch

HDFC Life Insurance Company: Support at ₹620, Resistance at ₹665.

Adani Power: Support at ₹580, Resistance at ₹600.

Bharat Electronics Ltd.: Support at ₹270, Resistance at ₹280.

HCL Technologies: Support at ₹1,780, Resistance at ₹1,820.

Political and Economic Factors

India's push for small-ticket investments, like ₹250 SIPs, is aimed at increasing market participation from smaller towns. Additionally, RBI's variable rate repo auctions indicate its commitment to financial stability.

Conclusion

The Indian stock market is showing resilience, with gains in specific sectors. However, investors should stay cautious due to potential headwinds from global economic and domestic policy factors. Monitoring key levels and staying informed about macroeconomic developments will be crucial in the weeks ahead.

Source References

Indian Shares Rise on US Inflation Relief

HSBC Downgrades Indian Stocks

India Pushes ₹250 SIP Plans

Angel One: Top Gainers and Losers

[akshayyj]

My Two Cents on Budget

Understanding India’s Budget: GDP, Taxation, Banking, and Practical Growth Strategies ✨📊🇮🇳

Tomorrow is Budget Day in India—a crucial moment that shapes our economy and affects our daily lives. But to truly appreciate its impact, we must first understand how GDP, taxation, banking, and economic policies influence growth. This blog will break down these concepts in simple terms, summarize key insights from the podcast by Dr. Prasanna Tantri, and suggest practical ideas for an effective budget. 💡📈🧠

What is GDP and Why Net Value Addition Matters? 💰📉📊

GDP (Gross Domestic Product) is the total value of all goods and services produced in a country. However, the real measure of economic health is not just GDP but net value addition—the actual increase in wealth after removing the cost of raw materials and intermediate goods. 🚀🏭💡

Example:

Imagine a restaurant that buys vegetables for ₹10,000, employs a chef for ₹15,000, and earns ₹50,000 in total sales. If you only look at revenue, you might say the restaurant is doing great. But if we subtract costs (vegetables + salaries + rent), the actual profit or net value addition is what really counts. Similarly, a country must focus on increasing value-added production rather than just output. 🍽️📊💵

How Taxation Can Impact Growth Negatively 🚧💸⚖️

While taxation is necessary for government revenue, high taxes can discourage businesses and consumers from spending and investing. 📉🏢👎

Example:

If the government imposes a high tax on mobile phones, fewer people will buy them, leading to lower demand and job losses in the industry. Instead, a balanced tax system should encourage businesses to invest and expand, ultimately leading to more job creation and increased revenue through economic activity. 📱📊💼

Better Alternative:

Instead of taxing businesses heavily, the government can promote tax incentives for industries that create high employment. 🎯🏭📈

Reduce compliance burdens for small businesses to encourage entrepreneurship. 💼💰🚀

Reduce income tax for the middle class to increase disposable income, leading to higher consumer spending and more investment in housing, education, and businesses. This will spur overall economic growth and job creation. 🏡📚💵

Role of RBI in Supporting Economic Growth 🏦📉💡

The Reserve Bank of India (RBI) plays a crucial role in ensuring the economy remains stable while promoting growth. It controls interest rates, inflation, and the money supply in the market. 📊🔄🏛️

How Can RBI Help Growth? 🏦💰🚀

Lowering Interest Rates: If RBI lowers interest rates, businesses can borrow money at lower costs, invest in expansion, and create more jobs. 🏗️💸📈

Managing Inflation: Too much money in the system leads to inflation, making goods expensive. RBI ensures the right balance. 💹⚖️🛒

Ensuring Liquidity: By providing funds to banks, RBI ensures they can lend money to businesses and individuals when needed. 💳🏦💵

Practical Idea for Budget: RBI and the government can work together to provide special low-interest loans to startups and MSMEs, boosting innovation and job creation. 🚀💡🏭

Practical Suggestions 🎯📜🚀

Shift from High Taxation to High-Compliance Model

Reduce GST rates for essential and manufacturing sectors while ensuring better tax collection through AI-driven monitoring. 🏭🤖💰

Introduce “One-Nation, One-Tax Return” to simplify tax filing. 📝✅🇮🇳

Transform Agriculture into a Value-Adding Industry

Instead of just providing subsidies, promote food processing industries near farms to increase farmer earnings. 🚜🏭💵

Encourage private investment in cold storage and logistics. ❄️🚚📦

Government as a Growth Partner, Not Just a Regulator

Instead of controlling businesses through regulations, the government can provide AI-powered financial advisory services to MSMEs, guiding them towards profitable operations. 🤖💼📈

Promote local manufacturing by reducing import duties on essential raw materials. 🏭🇮🇳🔧

Tech-Enabled Public Services for Better Utilization of Funds

Use AI to track government project efficiency and reduce corruption. 🏗️🖥️🔍

Implement digital education reforms to improve the quality of education while reducing costs. 📚💻🎓

Budget in nutshell 🎙️🧠📢

India's budget must shift its focus from just GDP numbers to actual value addition. Simply producing more does not mean we are progressing—what matters is whether we are creating real wealth. 🏦💰📊

Taxation should be designed to encourage business growth rather than acting as a burden. ⚖️💼📈

RBI should use interest rate policies strategically to help industries grow while managing inflation. 📉🏗️🏛️

The government should think like an investor—spending money where it generates maximum economic returns rather than just fulfilling political promises. 🎯💡📊

Reducing middle-class income tax can enhance consumption and private investment, leading to a positive cycle of economic expansion. 💰🏡📈

The key takeaway? India’s economy needs smart policies that prioritize wealth creation, ease of doing business, and sustainable economic expansion over short-term revenue collection. 🌍📊📈

Final Thoughts 🤔📜🚀

This budget, the government has an opportunity to create a roadmap for real economic growth. By understanding taxation, banking, and net value addition, we as citizens can demand better policies and make informed decisions. Let’s hope this year’s budget takes a bold step toward a wealthier and more prosperous India! 🇮🇳📈💡

[fintramglobal001]

🔴Good News for Home Loan Buyers

✨In today's Financial Update, we delve into the recent decision by the Reserve Bank of India (RBI) to maintain the repo rate at its current level. But what does this mean for you, your loans, and the overall economy?

[wnewsguru]

RBI की खबरों के मुताबिक डॉलर के मुकाबले रुपये की कीमत में गिरावट

डॉलर के मुकाबले रुपया एक साल के निचले स्तर पर पहुंच गया है। सोमवार को यह 83.28 तक लुढ़क गया, जो 52 हफ्ते का न्यूनतम स्तर है। कच्चे तेल की कीमतों में तेजी और मध्य पूर्व देशों के साथ अन्य देशों में तनाव से निवेशक सावधानी बरत रहे हैं।

[kstargroup]

𝐍𝐄𝐖𝐒 𝐔𝐏𝐃𝐀𝐓𝐄

Read more at:

https://www.business-standard.com/finance/news/reserve-bank-of-india-to-withdraw-rs-2-000-currency-note-from-circulation-123051900976_1.html

#LatestNews #2K #rbiupdate #denomination #19May2023 #NewsUpdate #financialupdates #2000currencydenomination #financialadvisor #newsoftheday #dreambigachievebig #kstar #kstargroup #kstarfinancialservices

[startupunion]

RBI dismissed Reliance capital board. . . . . . . Follow @startupunionxyz . . . . . . #startupunionxyz #hindinewsdaily #hindinewschannels #hindinewsupdates #hindinewslive #hindinewstoday #reliancecapital #anilambani #rbiupdates (at Mumbai - The City of Dreams) https://www.instagram.com/p/CW3WgXlJBRg/?utm_medium=tumblr

[quikkloan]

RBI Puts Restriction on Cash Withdrawals Up to Rs.35,000 for SGRSBN

Highlights: RBI restricts cash withdrawals from SGRSBN ( Sri Gururaghavendra Sahakara Bank Niyamitha)Bank.The maximum cash withdrawal limit stands at Rs 35,000 for the next 6 months.As per RBI’s notice, (SGRSBN) bank will be unable to grant or renew loans and advances, make any investment or incur any liability, including borrowing of funds and acceptance of fresh deposits from the close of business on January 10,2020.  The Reserve Bank of India (RBI) has imposed severe curbs on cash withdrawals from Sri Guru Raghvendra Sahakara Bank Niyamitha in Bangalore. The account holders can only withdraw up to Rs.35,000 from their account for the next 6 months. In RBI’s notice, (SGRSBN) bank will be unable to grant or renew loans and advances, make any investment or incur any liability, including borrowing of funds and acceptance of fresh deposits from the close of business on January 10,2020.  In its notice issued under the provisions of section 35A of the Banking Regulation Act, 1949, the RBI has said, “As from the close of business on January 10, 2020 (Friday), the bank shall not, without prior approval of the RBI in writing, grant or renew any loans and advances, make any investment, incur any liability.”In particular, a sum not exceeding Rs 35,000 of the total balance in every savings bank or current account or any other deposit account may be allowed to be withdrawn subject to conditions." The (SGRSBN) bank has also been stopped from disbursing any payment whether in the discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets. The bank, however, will continue to undertake banking business with certain restrictions imposed by RBI untill its final position improves.    This news has created panic among more than 9,000 depositors of (SGRSBN) bank, seeking answers to withdraw their life savings. Sri Guru Raghavendra Sahakara Bank is an Urban Cooperative bank that has been operational since 1997. The bank has 10 branches in the Karnataka capital and has blamed 62 loans that have locked up Rs 300 crore of deposit.  The RBI had earlier issued written directions to (SGRSBN) bank on January 2, 2020.  According to the Central Bank, the directions shall remain in force for a period of six months from the close of business and are subject to review. Read the full article

[thenewsfactsnow]

RBI Sept 21 Update: Indian Economy on a Bright Path

RBI Sept 21 Update: Indian Economy on a Bright Path, as #Covid19 weakens across India #ReserveBankofIndia #RBINews #RBIUpdate #IndianEconomy

RBI (Reserve Bank of India ) in their September Bulletin has stated that the prospects are brightening for the India economy as the second wave wanes and preparedness for the future remains on war-alert status. The RBI bulletin was released on September 16. A highlight of this RBI issue of the State of the Economy is an analysis of the divergences in monetary policy actions between emerging…

[joshuajacksonlyblog]

India’s Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September

The Indian Supreme Court has adjourned its hearing of the petition against the Reserve Bank of India (RBI) ban on banks facilitating cryptocurrency transactions. The apex court will deliver its final judgment on the matter on September 11, 2018.

Hearing Adjourned till September 11

Indian cryptocurrency traders still have a fair bit of waiting to do before knowing the fate of the market in the country. According to a series of tweets by Crypto Kanoon, a team of lawyers engaged in the virtual currency market, the nation’s apex court today (July 20, 2018), adjourned a hearing on the petition filed against the RBI ban to September 11, 2018.

Supreme Court listed the matter for final disposal on 11th September. All (remaining) parties to file their reply within 4 weeks. #rbiupdate

— Crypto Kanoon (@cryptokanoon) July 20, 2018

Earlier reports had indicated that KK Venugopal, the country’s attorney general would be attending the hearing. An inside source told Quartz India that:

The union government is also a party in some of the cases, so that may be one of the reasons for calling the AGI. But it also clearly shows that the court thinks it’s a significant matter.

The Court heard limited arguments from the petitioner – Internet and Mobile Association of India (IAMAI), as well as the RBI. The apex court decided to adjourn the case for final arguments on September 11, 2018. The adjournment was because vital stakeholders like the Securities and Exchange Board of India (SEBI) were yet to file their responses to the petition.

The Court mandated that all outstanding responses be filed within the next four weeks. Chief Justice Dipak Misra, as well as Justices DY Chandrachud and AM Khanwilkar, presided over today’s hearing.

RBI Cryptocurrency Ban Sets India Back

Lead counsel for the IAMAI, Gopal Subramaniam, during the hearing said that the RBI’s ban would set India back in the emerging global cryptocurrency landscape. Since the ban took effect, traders have been forced to depend on P2P exchange platforms.

Meanwhile, there have been reports suggesting that state officials and the RBI aren’t exactly on the same page. Earlier in the month, news emerged that the government was seriously considering classifying cryptocurrencies as commodities.

All attention now turns to the outcome of the hearing on September 11. Apart from delivering a final verdict on the RBI ban, the hearing will also clarify the government’s position concerning virtual currencies.

Should the Supreme Court overturn the RBI ban? Keep the conversation going in the comment section below.

Images courtesy of Twitter/@Cryptokanoon, India Spot News

The post India’s Supreme Court to Issue Final Ruling on RBI Cryptocurrency Ban in September appeared first on Bitcoinist.com.

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[coinhuntru]

Верховный суд Индии повторно оставил в силе запрет на операции с криптовалютами

В пятницу, 20 июля, Верховный суд Индии во время заседания по делу о запрете местным финансовым компаниям на осуществление операций с криптовалютой повторно оставил ограничения от Центрального Банка. Supreme Court listed the matter for final disposal on 11th September. All (remaining) parties to file their reply within 4 weeks. #rbiupdate — Crypto Kanoon (@cryptokanoon) 20 […]

Сообщение Верховный суд Индии повторно оставил в силе запрет на операции с криптовалютами появились сначала на Охота за монетами.

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[lewisgabriel84z31]

Indian Supreme Court: Crypto Ban will stay. What does it mean for India?

Indian Supreme Court: Crypto Ban will stay. What does it mean for India?

The Indian Supreme Court decided to not lift the ban on banking services for Indian cryptocurren exchanges. In a court ruling, the Supreme Court in India didn’t want to give any even temporary resolve against the Cryptocurrency banking ban that was issued by the Indian Central Bank. Not only Indian exchanges can’t use banking services for their services, but even Indians that want to buy cryptocurrencies with their bank accounts will be denied.

The ban on banking services will dent the cryptocurrency economy in India

The Indian Central Bank – the Reserve Bank of India had previously issued a ban for all regulated banks and financial institutions to not give financial services to cryptocurrency businesses and exchanges. The ban was issued on April 5th and it also forces banks to refuse their own clients to use their bank accounts to buy cryptocurrencies. Although, the ban had 3 months before it comes to effect, those three months are ending tomorrow, so from July 5th, the ban will be in effect.

The cryptocurrency industry is growing rapidly in India with many people interested in or already bought cryptocurrencies to their account. A lot of people were angry about the ban, which triggered petitions being filed in court to challenge the Indian Central Bank’s decision. Some of the petitions were filed by Indian Crypto exchanges themselves, stating that the prohibition is unconstitutional and unfair.

A similar, but high profile petition was filed by the Indian Mobile and Internet Association in June. They claimed that Crypto exchanges were members of their Association and challenged the Indian Reserve Bank’s decision. The petition also wanted for the Indian Supreme Court to make and early hearing. However, the Indian Supreme Court denied all allegations and petitions, and confirmed that the Banking services ban will stay.

Breaking! Supreme Court of India refuses to grant temporary stay against RBI's banking restriction against Crypto. Stay tuned for further updates! #rbiupdate

— Crypto Kanoon (@cryptokanoon) July 3, 2018

Law firms, representing Indian Cryptocurrency exchanges, have tried to postpone or extend the deadline of the ban by a month or so. An associate partner of one of the law firms stated:

“Now that the Banking ban will continue to be in effect, the route of banking services for exchanges and their users will be choked out.”

Despite the Indian Supreme Court decision, many are optimistic for the future

Despite the negative news, a scheduled Supreme Court hearing on July 20th will have the last word on the subject. There are still some chances that the Supreme Court in India can succumb to the pressure and reverse the prohibition. Indian Exchanges are still optimistic, as the government is working on regulations.

The secretary of the Department of Economic Affairs in India, Subash Chandra Garg confirmed that the government is working on regulations for the Crypto industry in India. Another official from the government committee that proposes policies, has confirmed that regulations are been prepared and they will be in India’s best interest:

“We’re close to developing a template for Cryptocurrency regulations. We think that the template will be in the best interests for the country and the industry. We’ve prepared drafts that will be discussed with committee members in the beginning of July.”

Still, it remains to be seen what the Indian Supreme Court will rule on 20th July. The decision can have a massive impact on the Cryptocurrency Economy in India, so we will report immediately after the Court makes its decision. If you want to read more news from the Cryptocurrency Industry in India, click the links below.

Read more:

Indian University partners with IBM to start a Blockchain Education in India 

Tim Draper: India has made a huge mistake in cracking down cryptocurrencies 

Indian exchange Coinsecure hacked. 3.5$ million in Bitcoin stolen

https://ift.tt/2KILEDC

[wnewsguru]

RBI की खबरों के मुताबिक डॉलर के मुकाबले रुपये की कीमत में गिरावट

डॉलर के मुकाबले रुपया एक साल के निचले स्तर पर पहुंच गया है। सोमवार को यह 83.28 तक लुढ़क गया, जो 52 हफ्ते का न्यूनतम स्तर है। कच्चे तेल की कीमतों में तेजी और मध्य पूर्व देशों के साथ अन्य देशों में तनाव से निवेशक सावधानी बरत रहे हैं। हालांकि, भारतीय रिजर्व बैंक लगातार रुपये की गिरावट को रोकने के लिए बाजार में डॉलर छोड़ रहा है। हाल के समय में इसने कई बार इस तरह के उपायों से रुपये की गिरावट को रोका…

[wnewsguru]

आरबीआई ने नए दिशानिर्देशों के मसौदे पर 31 अक्टूबर तक सुझाव मांगे

आरबीआई ने जानबूझकर कर्ज़ नहीं चुकाने वालों को लेकर नियमों में व्यापक बदलाव का प्रस्ताव किया है। इसमें जानबूझकर कर्ज़ नहीं लौटाने वालों (डिफॉल्टर) की परिभाषा भी तय की गई है। इस श्रेणी में उन लोगों को रखा गया है, जिन पर 25 लाख रुपये या उससे अधिक का कर्ज़ है और भुगतान क्षमता होने … Read more