“Retail investors’ participation into these sectors (midcaps and smallcaps) have largely been aided through the IPOs which are back on track, as also with the basket-based portfolio opportunities that are provided by various platforms,” said Anand Varadarajan, director at Asit C. Mehta Financial Services.
Golden Cross is an important technical indicator of bullishness. It occurs when the short-term moving average crosses over the major long-term moving average on the upside.
Officials indicated that the platform for CBDC is being hosted by the National Payments Corporation of India and will be similar to the current UPI platform. The central bank wants each bank to test the retail CBDC with 10,000 to 50,000 users for the pilot project.
The Data Protection Board of India, slated to operate as an independent body and function as a “digital office,” will be empowered to adjudicate on deciding the quantum of any such penalties. If any organisation handling personal data of users fails to “take reasonable security safeguards to prevent personal data Continue Reading
Almost all the MSMEs are expected to cross the pre-pandemic level of revenue. “The overall MSME sector is expected to bounce back to 1.27 times of the pre-Covid level in terms of revenue this fiscal” said Pushan Sharma, director – research, Crisil Market Intelligence & Analytics.
The 2022-23 sugar export policy announced this month allows a sugar mill to swap its export quota with the domestic sales quota of another sugar mill. Trade insiders said that though some exporters have purchased the export quota, others want the government to clarify if the policy allows for trading Continue Reading
The deputy chief minister — who also holds the charge of the Food, Civil Supplies and Consumer Affairs Department — said although the target given by the Centre was 57 lakh metric tonnes of paddy procurement for the current season, the state government procured 58.59 lakh metric tonnes till November Continue Reading
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