NEW NORMAL

 So the corona is coming back again the fourth time, some expect it will peak by in around June. The recent news published in daily and periodicals is showing the resilience of the economy. One small piece of news was given on the last page of a leading daily, that number of small  transactions done by rural folks digitally is nearly 42% of total transactions. The volumes increasing day by day with the net value of transactions is increasing, here one major market for different goods and services is in making with demands for the same increasing. The money transaction by this mode is making money with the trail. The money transferred by the government and now the purchase of commodities make the money trail with a realization for farmers and other rural folks. The ongoing season of wheat procurement is good for farmers as they are getting money on spot with higher than MSP with lifting from fields itself. The demand for other products and services is increasing for example...

 Indeed inflation started showing its effect on the normal life of each and everyone. The cost of crude is still holding above the level of $100 per barrel.  As we purchase crude on daily basis from the open market,  and we receive crude with a lag of around two weeks from the date of purchase The oil cartel is not increasing crude production to reduce the price, the net effect on us is that we are feeling, our day-to-day budget is missed every day or our expenses are not as per plan. This year procurement of wheat is not going to be at the level which is it used to be. The international price of wheat and its demand is soaring due to the war between Russia & Ukraine. The main source of wheat is engaged in war. The farmers are getting higher prices with the spot lifting of wheat is giving the value for money to farmers. The net income for farmers is going to increase with on-spot payments from private players and traders. The IMF just reduced the growth projection for...

 A brand new financial year started with a big bang. The series of good news still pouring in even after inflation is making headlines. Just concluded the week we all celebrated  CHAITRA NAVRATRI & SHRI RAM NAVAMI. It is said that well planned is half done, well-executed means 100%  success. Whatever result we ate getting is well planned and executed since 2014, some decisions were taken prior to 2014 but their execution is done by the present regime. We know that the assets monetization plan for 22-26, had a list of projects for monetization with the final target of   3L Cr. The present year target was somewhat 88000 Cr., but the government got its work done and raised around 96000 Cr. The transaction has fairly different classes of assets, only railway assets have not been monetized, above said, indicates that we will get the required money for other development work both social and development projects. The returns that which acquirer will get are fairly ...

 We are going through an interesting phase. There is a finalization of the mode of payment between our Government and Russia.. Both central Banks of the country are working for it with the help of MEA and the Commerce ministry. We will get the much-needed discount on crude which will be available to us by month-end, the banks of both countries are getting prepared for smooth payment either in Euro or local currency, we will get to know this in a short time. The overall situation in the world is centering around our country which we see in the visit of the foreign delegations coming to our country and asking us for at least our view. The strength of our economy along with its size and resilience is also visible in the crisis that the world is facing due to pandemics. The gone year saw two lockdowns in a short span of time but we came out without disruption as the world is going through, be the unrest of the masses or any other form of disruption getting the economy unaffected or les...

 We recently achieved one milestone in the export sector, i.e we exported merchandise goods worth $400 B in the last financial year. The basket includes agriculture goods, capital goods, electronics goods, and textile products both manmade fabrics and technical fabrics. The services sector also reached nearly $250B, which includes Software and SaaS.  The above-said achievement is due to our consistent effort of team India. The good or best part of all these development is that the major component is agriculture goods, which is increasing every year, but the rate is not significant as our cost of agriculture is more than the global level. When the cost is up to market and the consistency of our policy and market development of Agri goods market from last few years is getting the desired result. The E NAM or electronics national agriculture market has started giving results that are giving instant money to the producer. Also, traders are getting access to the pan India market wi...

 A few interesting news are flowing in the market which is very much interesting in our context. The ongoing conflict between Russia & Ukraine, which was shown that our descent recovery after the pandemic is going to derail as there is no escalation between them. The crude was going high since November, but it reached its high due to escalation, now it is cooling with nearly reaching $100 per barrel. In the coming time, we will see the rate settle down near about $80 per barrel.  The escalation is not full fledge war but a regional issue that will get solved as both are talking to each other. But we mentioned in the last blog that the cost of wheat is increasing due to the escalation, right now the cost per ton of wheat is nearly $500, which is very high then it usually is.  In the normal time, it is around $ 200 per ton, as the cultivation of same is destroyed due to escalation which usually made our export unviable, the cost for our wheat is around $250 per ton. In ...

   A lot of things are happening around us more precisely in the geopolitical sphere, lots of voices are coming in Russia and Ukraine war. It is not war which we think, moreover it is continuity of century-old conflict got modern-day retaliation from each in a different form, this time it is in the military escalation. The impact of the present mini-war or conflict will not have the major implication, in the globalized world the economic interest is more than that of moral or other forms of interest. There are many sanctions imposed by countries with many loopholes in the whole announcement and its implementation, which is very clear from day one to till date. If we see the whole episode, the world is divided on the issue with all needing oil and gas as many major economies are dependent on Russian oil and gas, so it is not feasible to stop the all of sudden the import of non-exchangeable commodiy. There is spike in prices of crude which is affecting the recovery of  econ...