BUSINESS
Rail Budget 2023-24: Focus on incomplete projects, big push for Make in India
In the Union Budget 2023-24, the entire emphasis of the Modi government will be on infrastructure development, especially projects related to Railways and getting high-speed trains becoming operational as soon as possible. The Modi government is working on increasing the railway budget by 20-25 per cent to strengthen the infrastructure of the entire railway system.
These industries still hold promise for startups in India in 2023
Startups created in 2023 are going to be more cash-conservative attitude and hence will be revenue and growth-focused. Due to layoffs at some large corporations, well-funded startups now have access to a new pool of brilliant people, according to 100X.VC, India's first venture fund to invest in early-stage startups using iSAFE Notes.
Naked short selling not permitted in Indian markets
As per SEBI norms, short selling shall be defined as selling a stock which the seller does not own at the time of trade. All classes of investors, viz., retail and institutional investors, shall be permitted to short sell. The securities traded in the F & O segment shall be eligible for short selling. SEBI may review the list of stocks that are eligible for short selling transactions from time to time.
Growth in patents, trademark filing shows India's rising scientific prowess: PM
In his monthly radio broadcast 'Mann Ki Baat', Modi said that in patents alone, there has been an increase of about 50 per cent in the last five years. "In the Global Innovation Index too, India's ranking has improved tremendously and now it has reached 40th position, while in 2015, India was behind even the 80th position in the Global Innovation Index," he said.
SEBI may probe short selling to hammer down Indian markets
Sources said Indian markets have been under onslaught in the last few trading sessions and a probe will ascertain the role of short sellers in bringing the market down. According to a SEBI discussion paper, short selling -- the sale of a security that the seller does not own -- is one of the long-standing market practices, which has often been the subject of considerable debate and divergent views in most of the securities markets across the world.
Pakistan hikes petrol, diesel prices by Rs 35
Finance Minister Ishaq Dar made the announcement in a brief televised address, and added that Kerosene oil and light diesel oil prices have been hiked by Rs 18 per litre, The Express Tribune reported. On petroleum shortage, he said that "artificial" shortage is being created.
Failed to deliver commercial unit, HRERA orders realtor to refund money
The complainant paid Rs 16,38,379- against the booking of a commercial unit to the builder executing an agreement in September 2013 - accordingly, the promoter had committed to deliver the unit in four years. The allottee had booked a retail shop in the project of ISH Realtors Private Limited at Sector 109, Gurugram.
FM likely to try and pull fiscal deficit below 6% in 2023-24
On February 1, she may try to look at a fiscal deficit figure, which is much lesser than the 6.4 per cent of GDP, which was the target in the previous budget for 2022-23. In the previous two financial years, which were marred by the coronavirus pandemic, the deficit had touched almost the 10 per cent mark.
Budget wishlist: Skilled workforce, clean energy, geo-spatial mapping
More so as the world is staring at a recession, there's a war going on for almost a year now between Russia and Ukraine, and the post pandemic world is seeing a reset in geopolitical equations with more inward looking policies. Given the specialised nature of jobs now and greater use of technology tools including Artificial Intelligence (AI), Machine Learning (ML) across industries, it is important to have a highly skilled workforce.
Measures likely to give some momentum to laggard deposits
With the credit offtake being good while deposit mobilisation lagging behind, the Centre may announce something to increase bank deposits, they added. "The banking sector -- government and private -- is stable now. We don't expect any capital infusion announcement by the Finance Minister for the public sector banks," Sanjay Agarwal, Senior Director, CARE Ratings
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