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Saturday, 29 February 2020

Gold Import, Coronavirus, Air India, Mutual Fund Scheme, FASTag, RBI Financial Year, Telecom companies AGR

Gold Import, Coronavirus, Air India, Mutual Fund Scheme, FASTag, RBI Financial Year, Telecom companies AGR

Gold import dropped 31.5% in January compared to last year

There has been a steady decline in gold imports since July last year. Gold import declined by 4% in December and in January this year declined by 31.5% over the previous year. Let us tell you that India is the largest importer of gold. It is principally imported to meet the demand of the jewelry industry.

Telecom companies can miss today AGR

Telecom companies like Bharti Airtel, Vodafone Idea and Tata Teleservices owe Adjusted Gross Revenue i.e. AGR of 1.47 lakh crore. It is expected that these companies can repay the outstanding AGR up to 1 lakh today for fear of action. Let me tell you that the government fixed limit for paying AGR has already expired. It is reported that Airtel has deposited Rs 10,000 crore so far.

the slowdown in global markets due to Coronavirus havoc

Due to the rise of Coronavirus in China, there has been a slowdown in the markets around the world. Which has also impacted the agricultural produce market? Due to the steep fall in the price of palm oil, there has been a slowdown in all the oil-oilseeds of India. In such a situation, farmers may face problems because they will not be able to get a fair price on the rabi season crops like mustard and other oilseeds.

recession-hit Air India launched a special offer

The recession-hit Air India has launched a special offer under which it is offering the opportunity to travel by air in only 799. Apart from this, 4500 rupees are being taken to go abroad. Air India has given information about this offer on its website. Let us tell you that Air India has a total debt of 58,255 crores and Air India is currently undergoing disinvestment.

Mutual Investment in Fund Scheme in October-December Quarter-3 reduced by 50%

Investment in mutual fund schemes in October-December Quarter (Q-3) compared to the previous Q-3 declined by 50% to around Rs 12,000 crore. The biggest reason for this is the concern of investors regarding Economic Slowdown and Stock Valuation. This reduction has been observed in all categories such as Large cap, Mid Cap and Small-cap in the mutual fund scheme.

Fastag FREE

Now you do not have to spend your money to buy FASTag, because from 15 to 29 February, Fastag is available for free at the toll plaza (Toll Plaza) of the National Highway Authority of India (NHAI). However, there is no change in the minimum balance in the Security Deposit Fee and valet set for Fastag. Let us tell you that the fast has been mandated by the Central Government to promote digital payments and get rid of long lines.

12 drugs exports banned

Coronavirus is spreading rapidly all over the world. In such a situation, India wants to be prepared for every situation, so the government can ban the export of about 12 drugs including antibiotics, vitamins, and hormones. The purpose of doing this is to stop the shortage of these medicines when needed in the country. Let us tell you that the Hubei province of China has the highest outbreak of Coronavirus and it is from this province that the Indian pharmaceutical industry imports the highest raw material or active pharmaceutical ingredient (API) and if Hubei province is kept closed even after February May cause trouble.

RBI's financial year may change

RBI's financial year may change soon. The financial year of the central government starts from April 1 and ends on March 31. Whereas RBI's financial year starts from July 1 and ends on June 30. In such a situation, the RBI board has also recommended the financial year of the RBI from April 1. A proposal will be sent to the central government to get approval in this regard.

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