13/01/2025
GOLDMINE UPDATE
RBI has cut CRR rates by 50 bps to be implemented in two phases of 25 bps each on Dec 14 and Dec 28. This is the first of the various monetary steps that will be implemented by RBI in the coming years.
Fiscal measures will be taken by the Finance Ministry, if needed.
A lot of new listings from Korean companies like Hyundai, LG etc are happening and more will join. Samsung will also get listed in the future. So, a vast part of the economy that was just not listed but was a big part of the overall economy will get listed.
LG files for IPO of Indian unit to sell 10.18 crore shares.
IMD forecasts milder winter, fewer cold wave days.
Bank, Finserv companies step up employee background checks as mule accounts and frauds rise.
Indian Government will reset the base year for the calculation of GDP from 2011-12 to 2022-23. That should be a good base to compare as the growth in 2022-23 was good.
Government scraps windfall tax on local crude, fuel for exports. The Government may soon also make the petrol and diesel prices market determined.
The Government might introduce a 35% GST band mostly for the sin goods.
As Ambani and Tata lock horns, Indian consumers set to gain. Both Tatas and Ambanis are going to be long term serious players in retail and the Indian consumers will definitely benefit out of it. Zudio of Tatas is now matched with Yousta by Reliance.
SBI Chief Setty has said that GDP growth slowdown in Q2 is a blip, advances have grown well in Q3 so far. Niti Aayog has said that China Plus 1 strategy have benefitted Vietnam and Thailand more than India.