NEW NORMAL

 Latest SBI report on state of economy has some interesting facts and some surprises. The report says we are going to replace both Japan & Germany from their present position of third and fourth  position to become third largest economy of world after US & China.  By 2027, we will be $5T economy  with growth rate of 6.5 to 7% per annum. The nominal growth in Rupees term will be around 10%. The report says we will achieve this fist two years earlier than earlier report. The state of economy is sync with our budget declaration with buoyant revenue growth. The collection of revenue in both direct and indirect taxes are increasing steadily and also the compliance from netizens and corporates. Though the tax evasion is still issue but the compliances are increasing to give a comfort to both government and citizens. We have highest KM of roads in the world with no. of KM is going to increase in coming  years as we still need more roads to connect our length an...

 Foxconn and Vedanta, dissolved their joint venture for Fab manufacturing unit. They were first to apply for Indian Semiconductor Mission in 2022. They announced their plan, now they are finding other partner for same. There plan to bring other partners for same. Other global players are coming to our country due to market and incentives offered by central and state government.  The total quantum of money is around 75% of the plant  investment. Now, this will only delay for sometime but not permanently stall the project. Others who are sitting on fence are coming with proposals and will get requisite permission for same.  The investment is huge and technologies are varied, it is taking time but things are coming as we want.  The prices of tomato and other vegetables are making headlines for some times. A market visit gave some strange picture where merchants are not selling tomato's nor storing, usually they are selling it solely. Even hawkers who only sold toma...

 History was created in our country's corporate world after merger of HDFC Ltd & HDFC Bank. The total asset base of the merged entity is big enough to claim 4th position in global ranking. Going by the history of both entities, huge wealth has been created and distributed to the shareholders . The subsidiaries of HDFC Ltd like HDFC LIFE,HDFC SECURITIES,HDFC ERGO & others have created niche for themselves. The all entities themselves are market leader and having reputation in their respective pear group. Regulators has given them highest ratings for their compliances. Initially, HDFC Bank was not included in strategically important bank which was decided after 2008 financial crisis. The pact then signed by all the government  and central banks of world after financial crisis 2008, to safe guard the banking industry from any crisis. This was discussed in several times by us, now we after not going to discuss it here. The confidence boost by this will give not only to all...