Forex Trading Hours in India - Forex Education

What do you all make of the mainstreaming of the market?

There are so many new investors it’s almost staggering! I know this is known, but the scale of it finally caught up to me.
My 22 year old nephew is Forex trading, and he didn’t even finish high school. The SoFi sponsored Cowboys game ran an ad claiming to give away free stock if your team wins....like fucking pizza!! The fully mainstreamed free trades and fractional shares. What in the world is this shit? CashApp has investing. Everybody I know is talking about this thing...as if it’s a brand new toy they just discovered! It reminds me of all those companies trying to buy up our gold before the 08 crash. As if they’re trying to get all the cash before we go to a new and fully digital currency (like the corporate fascist shit that’s been happening in India the past few years).
On a more pertinent note, how has this changed your outlook on trading, investing and price targets? I mean if we are all now playing to the least common denominator of the hyped up FOMO and short sighted illogic of the masses, doesn’t this substantially change the game?
And the ripple effects will be huge! For example: an already defunct, decontextualized, profit based media system will be pumping out market related garbage for clicks, and this could drastically increase prices (or at least volatility)...as if it already hasn’t.
Schwab has a new warning ⚠️ note posted to their site about volatility being the “new normal”. Sure it may just be the recession-like/Covid situation we’re in...OR this could really be the new normal when the markets are completely mainstream.
...and we haven’t even mentioned the Fed...and I’m not going to.
I really just feel like the game may be permanently changed. And if you pit Joe Blow against JP Morgan, that spells disaster for even more people.
Thoughts?
submitted by a1Drummer07 to investing [link] [comments]

No, the British did not steal $45 trillion from India

This is an updated copy of the version on BadHistory. I plan to update it in accordance with the feedback I got.
I'd like to thank two people who will remain anonymous for helping me greatly with this post (you know who you are)
Three years ago a festschrift for Binay Bhushan Chaudhuri was published by Shubhra Chakrabarti, a history teacher at the University of Delhi and Utsa Patnaik, a Marxist economist who taught at JNU until 2010.
One of the essays in the festschirt by Utsa Patnaik was an attempt to quantify the "drain" undergone by India during British Rule. Her conclusion? Britain robbed India of $45 trillion (or £9.2 trillion) during their 200 or so years of rule. This figure was immensely popular, and got republished in several major news outlets (here, here, here, here (they get the number wrong) and more recently here), got a mention from the Minister of External Affairs & returns 29,100 results on Google. There's also plenty of references to it here on Reddit.
Patnaik is not the first to calculate such a figure. Angus Maddison thought it was £100 million, Simon Digby said £1 billion, Javier Estaban said £40 million see Roy (2019). The huge range of figures should set off some alarm bells.
So how did Patnaik calculate this (shockingly large) figure? Well, even though I don't have access to the festschrift, she conveniently has written an article detailing her methodology here. Let's have a look.
How exactly did the British manage to diddle us and drain our wealth’ ? was the question that Basudev Chatterjee (later editor of a volume in the Towards Freedom project) had posed to me 50 years ago when we were fellow-students abroad.
This is begging the question.
After decades of research I find that using India’s commodity export surplus as the measure and applying an interest rate of 5%, the total drain from 1765 to 1938, compounded up to 2016, comes to £9.2 trillion; since $4.86 exchanged for £1 those days, this sum equals about $45 trillion.
This is completely meaningless. To understand why it's meaningless consider India's annual coconut exports. These are almost certainly a surplus but the surplus in trade is countered by the other country buying the product (indeed, by definition, trade surpluses contribute to the GDP of a nation which hardly plays into intuitive conceptualisations of drain).
Furthermore, Dewey (2019) critiques the 5% interest rate.
She [Patnaik] consistently adopts statistical assumptions (such as compound interest at a rate of 5% per annum over centuries) that exaggerate the magnitude of the drain
Moving on:
The exact mechanism of drain, or transfers from India to Britain was quite simple.
Convenient.
Drain theory possessed the political merit of being easily grasped by a nation of peasants. [...] No other idea could arouse people than the thought that they were being taxed so that others in far off lands might live in comfort. [...] It was, therefore, inevitable that the drain theory became the main staple of nationalist political agitation during the Gandhian era.
- Chandra et al. (1989)
The key factor was Britain’s control over our taxation revenues combined with control over India’s financial gold and forex earnings from its booming commodity export surplus with the world. Simply put, Britain used locally raised rupee tax revenues to pay for its net import of goods, a highly abnormal use of budgetary funds not seen in any sovereign country.
The issue with figures like these is they all make certain methodological assumptions that are impossible to prove. From Roy in Frankema et al. (2019):
the "drain theory" of Indian poverty cannot be tested with evidence, for several reasons. First, it rests on the counterfactual that any money saved on account of factor payments abroad would translate into domestic investment, which can never be proved. Second, it rests on "the primitive notion that all payments to foreigners are "drain"", that is, on the assumption that these payments did not contribute to domestic national income to the equivalent extent (Kumar 1985, 384; see also Chaudhuri 1968). Again, this cannot be tested. [...] Fourth, while British officers serving India did receive salaries that were many times that of the average income in India, a paper using cross-country data shows that colonies with better paid officers were governed better (Jones 2013).
Indeed, drain theory rests on some very weak foundations. This, in of itself, should be enough to dismiss any of the other figures that get thrown out. Nonetheless, I felt it would be a useful exercise to continue exploring Patnaik's take on drain theory.
The East India Company from 1765 onwards allocated every year up to one-third of Indian budgetary revenues net of collection costs, to buy a large volume of goods for direct import into Britain, far in excess of that country’s own needs.
So what's going on here? Well Roy (2019) explains it better:
Colonial India ran an export surplus, which, together with foreign investment, was used to pay for services purchased from Britain. These payments included interest on public debt, salaries, and pensions paid to government offcers who had come from Britain, salaries of managers and engineers, guaranteed profts paid to railway companies, and repatriated business profts. How do we know that any of these payments involved paying too much? The answer is we do not.
So what was really happening is the government was paying its workers for services (as well as guaranteeing profits - to promote investment - something the GoI does today Dalal (2019), and promoting business in India), and those workers were remitting some of that money to Britain. This is hardly a drain (unless, of course, Indian diaspora around the world today are "draining" it). In some cases, the remittances would take the form of goods (as described) see Chaudhuri (1983):
It is obvious that these debit items were financed through the export surplus on merchandise account, and later, when railway construction started on a large scale in India, through capital import. Until 1833 the East India Company followed a cumbersome method in remitting the annual home charges. This was to purchase export commodities in India out of revenue, which were then shipped to London and the proceeds from their sale handed over to the home treasury.
While Roy's earlier point argues better paid officers governed better, it is honestly impossible to say what part of the repatriated export surplus was a drain, and what was not. However calling all of it a drain is definitely misguided.
It's worth noting that Patnaik seems to make no attempt to quantify the benefits of the Raj either, Dewey (2019)'s 2nd criticism:
she [Patnaik] consistently ignores research that would tend to cut the economic impact of the drain down to size, such as the work on the sources of investment during the industrial revolution (which shows that industrialisation was financed by the ploughed-back profits of industrialists) or the costs of empire school (which stresses the high price of imperial defence)

Since tropical goods were highly prized in other cold temperate countries which could never produce them, in effect these free goods represented international purchasing power for Britain which kept a part for its own use and re-exported the balance to other countries in Europe and North America against import of food grains, iron and other goods in which it was deficient.
Re-exports necessarily adds value to goods when the goods are processed and when the goods are transported. The country with the largest navy at the time would presumably be in very good stead to do the latter.
The British historians Phyllis Deane and WA Cole presented an incorrect estimate of Britain’s 18th-19th century trade volume, by leaving out re-exports completely. I found that by 1800 Britain’s total trade was 62% higher than their estimate, on applying the correct definition of trade including re-exports, that is used by the United Nations and by all other international organisations.
While interesting, and certainly expected for such an old book, re-exporting necessarily adds value to goods.
When the Crown took over from the Company, from 1861 a clever system was developed under which all of India’s financial gold and forex earnings from its fast-rising commodity export surplus with the world, was intercepted and appropriated by Britain. As before up to a third of India’s rising budgetary revenues was not spent domestically but was set aside as ‘expenditure abroad’.
So, what does this mean? Britain appropriated all of India's earnings, and then spent a third of it aboard? Not exactly. She is describing home charges see Roy (2019) again:
Some of the expenditures on defense and administration were made in sterling and went out of the country. This payment by the government was known as the Home Charges. For example, interest payment on loans raised to finance construction of railways and irrigation works, pensions paid to retired officers, and purchase of stores, were payments in sterling. [...] almost all money that the government paid abroad corresponded to the purchase of a service from abroad. [...] The balance of payments system that emerged after 1800 was based on standard business principles. India bought something and paid for it. State revenues were used to pay for wages of people hired abroad, pay for interest on loans raised abroad, and repatriation of profits on foreign investments coming into India. These were legitimate market transactions.
Indeed, if paying for what you buy is drain, then several billions of us are drained every day.
The Secretary of State for India in Council, based in London, invited foreign importers to deposit with him the payment (in gold, sterling and their own currencies) for their net imports from India, and these gold and forex payments disappeared into the yawning maw of the SoS’s account in the Bank of England.
It should be noted that India having two heads was beneficial, and encouraged investment per Roy (2019):
The fact that the India Office in London managed a part of the monetary system made India creditworthy, stabilized its currency, and encouraged foreign savers to put money into railways and private enterprise in India. Current research on the history of public debt shows that stable and large colonies found it easier to borrow abroad than independent economies because the investors trusted the guarantee of the colonist powers.

Against India’s net foreign earnings he issued bills, termed Council bills (CBs), to an equivalent rupee value. The rate (between gold-linked sterling and silver rupee) at which the bills were issued, was carefully adjusted to the last farthing, so that foreigners would never find it more profitable to ship financial gold as payment directly to Indians, compared to using the CB route. Foreign importers then sent the CBs by post or by telegraph to the export houses in India, that via the exchange banks were paid out of the budgeted provision of sums under ‘expenditure abroad’, and the exporters in turn paid the producers (peasants and artisans) from whom they sourced the goods.
Sunderland (2013) argues CBs had two main roles (and neither were part of a grand plot to keep gold out of India):
Council bills had two roles. They firstly promoted trade by handing the IO some control of the rate of exchange and allowing the exchange banks to remit funds to India and to hedge currency transaction risks. They also enabled the Indian government to transfer cash to England for the payment of its UK commitments.

The United Nations (1962) historical data for 1900 to 1960, show that for three decades up to 1928 (and very likely earlier too) India posted the second highest merchandise export surplus in the world, with USA in the first position. Not only were Indians deprived of every bit of the enormous international purchasing power they had earned over 175 years, even its rupee equivalent was not issued to them since not even the colonial government was credited with any part of India’s net gold and forex earnings against which it could issue rupees. The sleight-of-hand employed, namely ‘paying’ producers out of their own taxes, made India’s export surplus unrequited and constituted a tax-financed drain to the metropolis, as had been correctly pointed out by those highly insightful classical writers, Dadabhai Naoroji and RCDutt.
It doesn't appear that others appreciate their insight Roy (2019):
K. N. Chaudhuri rightly calls such practice ‘confused’ economics ‘coloured by political feelings’.

Surplus budgets to effect such heavy tax-financed transfers had a severe employment–reducing and income-deflating effect: mass consumption was squeezed in order to release export goods. Per capita annual foodgrains absorption in British India declined from 210 kg. during the period 1904-09, to 157 kg. during 1937-41, and to only 137 kg by 1946.
Dewey (1978) points out reliability issues with Indian agriculutural statistics, however this calorie decline persists to this day. Some of it is attributed to less food being consumed at home Smith (2015), a lower infectious disease burden Duh & Spears (2016) and diversified diets Vankatesh et al. (2016).
If even a part of its enormous foreign earnings had been credited to it and not entirely siphoned off, India could have imported modern technology to build up an industrial structure as Japan was doing.
This is, unfortunately, impossible to prove. Had the British not arrived in India, there is no clear indication that India would've united (this is arguably more plausible than the given counterfactual1). Had the British not arrived in India, there is no clear indication India would not have been nuked in WW2, much like Japan. Had the British not arrived in India, there is no clear indication India would not have been invaded by lizard people, much like Japan. The list continues eternally.
Nevertheless, I will charitably examine the given counterfactual anyway. Did pre-colonial India have industrial potential? The answer is a resounding no.
From Gupta (1980):
This article starts from the premise that while economic categories - the extent of commodity production, wage labour, monetarisation of the economy, etc - should be the basis for any analysis of the production relations of pre-British India, it is the nature of class struggles arising out of particular class alignments that finally gives the decisive twist to social change. Arguing on this premise, and analysing the available evidence, this article concludes that there was little potential for industrial revolution before the British arrived in India because, whatever might have been the character of economic categories of that period, the class relations had not sufficiently matured to develop productive forces and the required class struggle for a 'revolution' to take place.
A view echoed in Raychaudhuri (1983):
Yet all of this did not amount to an economic situation comparable to that of western Europe on the eve of the industrial revolution. Her technology - in agriculture as well as manufacturers - had by and large been stagnant for centuries. [...] The weakness of the Indian economy in the mid-eighteenth century, as compared to pre-industrial Europe was not simply a matter of technology and commercial and industrial organization. No scientific or geographical revolution formed part of the eighteenth-century Indian's historical experience. [...] Spontaneous movement towards industrialisation is unlikely in such a situation.
So now we've established India did not have industrial potential, was India similar to Japan just before the Meiji era? The answer, yet again, unsurprisingly, is no. Japan's economic situation was not comparable to India's, which allowed for Japan to finance its revolution. From Yasuba (1986):
All in all, the Japanese standard of living may not have been much below the English standard of living before industrialization, and both of them may have been considerably higher than the Indian standard of living. We can no longer say that Japan started from a pathetically low economic level and achieved a rapid or even "miraculous" economic growth. Japan's per capita income was almost as high as in Western Europe before industrialization, and it was possible for Japan to produce surplus in the Meiji Period to finance private and public capital formation.
The circumstances that led to Meiji Japan were extremely unique. See Tomlinson (1985):
Most modern comparisons between India and Japan, written by either Indianists or Japanese specialists, stress instead that industrial growth in Meiji Japan was the product of unique features that were not reproducible elsewhere. [...] it is undoubtably true that Japan's progress to industrialization has been unique and unrepeatable
So there you have it. Unsubstantiated statistical assumptions, calling any number you can a drain & assuming a counterfactual for no good reason gets you this $45 trillion number. Hopefully that's enough to bury it in the ground.
1. Several authors have affirmed that Indian identity is a colonial artefact. For example see Rajan 1969:
Perhaps the single greatest and most enduring impact of British rule over India is that it created an Indian nation, in the modern political sense. After centuries of rule by different dynasties overparts of the Indian sub-continent, and after about 100 years of British rule, Indians ceased to be merely Bengalis, Maharashtrians,or Tamils, linguistically and culturally.
or see Bryant 2000:
But then, it would be anachronistic to condemn eighteenth-century Indians, who served the British, as collaborators, when the notion of 'democratic' nationalism or of an Indian 'nation' did not then exist. [...] Indians who fought for them, differed from the Europeans in having a primary attachment to a non-belligerent religion, family and local chief, which was stronger than any identity they might have with a more remote prince or 'nation'.

Bibliography

Chakrabarti, Shubra & Patnaik, Utsa (2018). Agrarian and other histories: Essays for Binay Bhushan Chaudhuri. Colombia University Press
Hickel, Jason (2018). How the British stole $45 trillion from India. The Guardian
Bhuyan, Aroonim & Sharma, Krishan (2019). The Great Loot: How the British stole $45 trillion from India. Indiapost
Monbiot, George (2020). English Landowners have stolen our rights. It is time to reclaim them. The Guardian
Tsjeng, Zing (2020). How Britain Stole $45 trillion from India with trains | Empires of Dirt. Vice
Chaudhury, Dipanjan (2019). British looted $45 trillion from India in today’s value: Jaishankar. The Economic Times
Roy, Tirthankar (2019). How British rule changed India's economy: The Paradox of the Raj. Palgrave Macmillan
Patnaik, Utsa (2018). How the British impoverished India. Hindustan Times
Tuovila, Alicia (2019). Expenditure method. Investopedia
Dewey, Clive (2019). Changing the guard: The dissolution of the nationalist–Marxist orthodoxy in the agrarian and agricultural history of India. The Indian Economic & Social History Review
Chandra, Bipan et al. (1989). India's Struggle for Independence, 1857-1947. Penguin Books
Frankema, Ewout & Booth, Anne (2019). Fiscal Capacity and the Colonial State in Asia and Africa, c. 1850-1960. Cambridge University Press
Dalal, Sucheta (2019). IL&FS Controversy: Centre is Paying Up on Sovereign Guarantees to ADB, KfW for Group's Loan. TheWire
Chaudhuri, K.N. (1983). X - Foreign Trade and Balance of Payments (1757–1947). Cambridge University Press
Sunderland, David (2013). Financing the Raj: The City of London and Colonial India, 1858-1940. Boydell Press
Dewey, Clive (1978). Patwari and Chaukidar: Subordinate officials and the reliability of India’s agricultural statistics. Athlone Press
Smith, Lisa (2015). The great Indian calorie debate: Explaining rising undernourishment during India’s rapid economic growth. Food Policy
Duh, Josephine & Spears, Dean (2016). Health and Hunger: Disease, Energy Needs, and the Indian Calorie Consumption Puzzle. The Economic Journal
Vankatesh, P. et al. (2016). Relationship between Food Production and Consumption Diversity in India – Empirical Evidences from Cross Section Analysis. Agricultural Economics Research Review
Gupta, Shaibal (1980). Potential of Industrial Revolution in Pre-British India. Economic and Political Weekly
Raychaudhuri, Tapan (1983). I - The mid-eighteenth-century background. Cambridge University Press
Yasuba, Yasukichi (1986). Standard of Living in Japan Before Industrialization: From what Level did Japan Begin? A Comment. The Journal of Economic History
Tomblinson, B.R. (1985). Writing History Sideways: Lessons for Indian Economic Historians from Meiji Japan. Cambridge University Press
Rajan, M.S. (1969). The Impact of British Rule in India. Journal of Contemporary History
Bryant, G.J. (2000). Indigenous Mercenaries in the Service of European Imperialists: The Case of the Sepoys in the Early British Indian Army, 1750-1800. War in History
submitted by GaslightEveryone to u/GaslightEveryone [link] [comments]

Emerging markets: Premature rally

BNP Paribas






submitted by Altruistic_Camel to econmonitor [link] [comments]

ADVICE FOR THE WISE - AUGUST 2020

FROM THE CEO’s DESK
Dear Investors, “Behind every dark cloud there is an every-shining sun. Just wait. In time, the cloud will pass.” Marianne Williamson. All inclusive, economies are seeing recuperation with pointers, for example, PMI showing an improvement in spite of infection resurgence in a couple of nations. U.S., Euro, and China manufacturing activities have picked up pace, with July numbers in these three regions crossing 50 mark, indicating expansion. Financial and monetary policies remain exceptionally accommodative, and liquidity remains buoyant, which should provide continued support for further economic recovery. Equity market declines provide opportunities to buy better stocks at lower valuations. We foresee this slowdown and the year 2020 from an investment opportunity viewpoint rather than worrying, as the risk-reward ratio in the current scenario is in favour of equity investments. The current positive outlook on the global markets is well backed by negative real rates, expansion of the central bank balance sheet along with growth recovery and medical progress on COVID-19 While there is a growing increase in the number of COVID cases on the domestic front, there has been an improvement in the recovery rate; in India it is about 68.41 percent while 64.05 percent globally. Early signs of pent-up demand are visible in the economy as indicated by high frequency indicators. Expected normal monsoon and higher sowing of Kharif crops YoY gives us the solace that the rural economy will play a major part in the future economic growth. Other macro factors such as low oil prices and stable currency, high forex reserves and current-account surplus will act as tailwinds for the domestic equity market. Expectations of the Q1 FY21 earnings to bottom out by FY21, while the economy and earnings are expected to normalize by FY23 keeping in mind the current low interest rate scenario and high liquidity, supports valuations. With the declining dollar index and humongous global liquidity we expect the money to flow into EMs. In July, the domestic equity market kept witnessing strong FII inflows coupled with steady SIP flows in mutual funds.
Know more - http://www.karvywealth.com/data/sites/1/skins/karvywealth/Download_media_report.aspx?FileName=35269F8C-8C0A-4624-9FED-793AD0998167|5252655
^ �]H"
submitted by wealthadvisor22 to u/wealthadvisor22 [link] [comments]

Since I angered some Chads on /r/investing here's why I think China is the next "big short".

Fellow idiots,
I posted this comment which seems to have angered the highly sophisticated /investing community. I don't mind being downvoted but at least provide some counter arguments if you're going to be a dick. So in the pursuit of truth and tendies for all, I have prepared some juicy due diligence (DD) for WSB Capital on why China is on the verge of collapse.
TL;DR at the bottom.
Point 1: Defaults in China have been accelerating aggressively, and through July 2019, 274 real estate developers filed for bankruptcy, up 50% over last year. A bonus? Many Chinese state controlled banks have been filing for bankruptcy as well. Just google "china bank defaults" or something similar. Notice how many articles there are from 2019? When the banking system fails, everything else usually fails too.
Point 2: The RMB has depreciated significantly. Last time this happened, in 2015-2016, there was a significant outflow of foreign invested capital. According to the IIF, outflows reached $725bn due to the currency depreciation.. This time is different why again? I have heard some arguments why there will be less outflow this time, but I struggle to buy them.
Point 3: Despite wanting to operate like a developed economy, China still has not been able to shrug off the middle income trap. Their GDP per capita is comparable to countries we normally associated with being developing/emerging markets. Tangentially related to point 10.
Point 4: China is an export-dependent economy, with about 20% of their exports contributing towards their GDP. Less exporting means less GDP, less consumption (because businesses make less money, they pay people less, who in turn spend less), which has a greater effect on GDP than any declines in exports would have at face value. Guess what? Chinese exports dropped 1% in August, and August imports dropped -1%, marking the 5th month this year of negative m/m export growth..
Point 5: Business confidence has been weak in China - declining at a sustained pace worse than in 2015. When businesses feel worse, they spend less, invest less in fixed assets, hire less until they feel better about the future. Which takes me to my next point.
Point 6: Fixed asset investment in China has declined 30 percentage points since 2010. While rates are low, confidence is also low, and they are sitting on a record amount of leverage, which means they simply will not be able to afford additional investment.
Point 7: They are an extremely levered economy with a total debt to GDP ratio of over 300%, per the IIF, which also accounts for roughly 15% of global total fucking debt. Here's an interview with someone else talking about it too.
Point 8: Their central bank recently introduced a metric fuckton of stimulus into their economy. This will encourage more borrowing....add fuel to the fire. Moreover, the stimulus will mechanically likely weaken the RMB even more, which could lead to even more foreign outflows, which are already happening, see next point.
Point 9: Fucking LOTS of outflows this year. As of MAY, according to this joint statement, around 40% of US companies are relocating some portion of their supply chains away from mainland. This was in May. Since May, we have seen even more tariffs imposed, why WOULD companies want to stay when exporting to the US is a lot more expensive now?
Point 10: Ignoring ALL of the points above, we are in a global synchronized slowdown, with many emerging market central banks cutting rates - by the most in a decade. Investors want safety, and safe-haven denominated assets are where we have seen a lot of flocking into recently. Things that can be considered safe-havens have good liquidity, a relatively stable economy, and a predictable political environment.
Would love to hear opposing thoughts if you think China is a good buy. I am not against China, nor any other country for that matter, but I am against losing money (yes, wrong sub etc.), and I can not rationalize why anyone would be putting in a bid.
TL;DR: the bubble is right in front of your face, impending doom ahead, short everything, fuck /investing.
Edit, since you 'tards keep asking me how to trade this, there are a few trades that come to mind:
*not investment advice*
submitted by ComicalEconomical to wallstreetbets [link] [comments]

Greenhorn looking to invest

Hi there,
I'm looking to invest in the stock market, and for that i'd like some direction. If there are any links which you guys would suggest for me to read, that'd be appreciated as well. My main questions (along with how to begin trading) are-
Anything, and absolutely anything which you guys think a new investor should know would be very welcomed as well.
submitted by papapeep to DinVyapari [link] [comments]

Facing an unprecedented crisis, India has ratcheted up its forex reserves like never before

This is the best tl;dr I could make, original reduced by 69%. (I'm a bot)
The country's foreign exchange reserves are at an all-time high of over $500 billion, according to data released by India's central bank on June 12.The strong forex pool provides stability in today's grim economic conditions.
The rise of forexThe reasons behind the swelling forex reserves are India's shrinking import bill, an increase in foreign direct investments, improved inflows from foreign portfolio investors into the stock and debt markets, and the Reserve Bank of India's buying spree.
"These assets, which are in other foreign currencies, are appreciating against the dollar and this too is pushing up the forex reserve valuations," he said.
Friends with benefitsThe biggest beneficiary of strong forex reserves is the Indian currency.
Pointing to 2013 when the Indian rupee depreciated by more than 20% in a span of just 4-6 weeks, Chari states that "The size of the forex reserves with respect to the current account deficit and portfolio flows becomes a key determinant of whether the currency can come under a speculative attack."
Apart from protecting the rupee, large forex reserves act as an assurance to the world that India can meet its external obligations like payment for imports.
Summary Source | FAQ | Feedback | Top keywords: forex#1 Reserve#2 foreign#3 Indian#4 India#5
Post found in /Economics.
NOTICE: This thread is for discussing the submission topic. Please do not discuss the concept of the autotldr bot here.
submitted by autotldr to autotldr [link] [comments]

Some news you may have missed out on part 134.

-Rupee continues to recover, gains Rs4.16 in four months
The Pakistani rupee has maintained a gradual uptrend against the US dollar since the beginning of current fiscal year in July and is anticipated to gain more ground in the remaining eight months amid expectations of increase in foreign currency inflows.
The rupee gradually strengthened Rs4.16 or 2.60% in the past around four months to Rs155.88 to the US dollar in the inter-bank market on Friday, according to the State Bank of Pakistan (SBP). “The rupee may recover to 145 to the greenback by June 30, 2020,” Forex Association of Pakistan (FAP) President Malik Bostan projected while talking to The Express Tribune.
Further: -In a positive development, Pakistani Rupee hits highest level of four months against US dollar
The Pakistani rupee has shown recovery against the US dollar as the US currency reached the lowest level in four months.
-ExxonMobil to help build LNG terminal in Pakistan
After getting a liquefied natural gas (LNG) supply contract from private-sector consumers, US energy giant ExxonMobil is planning to build the third LNG terminal in Karachi as a joint-venture partner.
Some time ago, ExxonMobil, in collaboration with Pakistan’s exploration and production companies, drilled an offshore well to search for hydrocarbon reserves in the Arabian Sea. However, the effort could not prove successful. Now, in a new venture with Energas consortium, the US firm is going to invest in setting up an LNG terminal in Pakistan.
-Pakistan's Hindu community celebrates Diwali today in a renovated temple reopened by the Pakistan government after 72 years
he country’s Hindu community is celebrating the annual religious festival of Diwali. The religious festivities are expected to take place in Shawala Teja Singh Temple, located in Sialkot, after 72 years.
All preparations for the upcoming festival have been completed. The festival of Diwali is being seen as more of a cultural than a religious one as people from other faiths will celebrate alongside members of the Hindu community.
The temple, where the festivities will take place, was closed down in 1947. The Evacuee Trust Property Board (ETPB) and certain members of the Hindu community decided to open the temple a few months ago, after which the renewal and renovation work had begun. Now, for the first time, this temple is going to celebrate a religious ceremony.
-Tax Returns Filed Per Day in 2019 Have Increased by 127 Percent: FBR Chairman
Federal Board of Revenue’s (FBR) Chairman Syed Shabbar Zaidi has announced that on average, tax returns filed per day in 2019 have risen by 127 percent compared to last year. In a Twitter post, Zaidi shared details of the tax returns filed so far. As per the records, the number of tax returns filed in 2019 till October 25 stands at 918,027, as compared to 585,209 tax returns filed in the same period last year.
Zaidi said that as of November, the FBR will impose strict measures against unauthorized interactions and harassement between its staff and the business community. The business community is suggested to report to FBR if any person contacts them through any manner without proper authorization.
-Pakistan, Nepal agree to enhance trade ties
President Dr. Arif Alvi on Saturday held a meeting with the Nepal’s Prime Minister Khadga Prasad Sharma Oli on the sidelines of 18th Non Aligned Movement Summit in Baku, ARY News reported.
According to a statement issued by the ministry, both the leaders affirmed to enhance trade ties between the two countries and expressed their desire to further strengthen the bonds of friendship. Matters of mutual interest, bilateral relations, regional peace, grave human rights violations and humanitarian crisis in occupied Kashmir and other issues were came under discussion in the meeting.
Speaking on the occasion, President Alvi briefed the Nepalese prime minister on Indian illegal actions in occupied Kashmir. He expressed hope that Nepal will play its role as SAARC chair, for strengthening peace and stability in the region.
-CPEC enters into 2nd phase: Poverty, agriculture, B2B initiatives prime focus: Khusro
Federal Minister for Planning, Development & Reform Makhdoom Khusro Bakhtyar Wednesday said the CPEC has now entered into its second phase with focus on poverty alleviation, agriculture and B2B industrial cooperation.
“The Pakistan Tehreek-e-Insaf (PTI) government's economic reform measures will strengthen the country's economy as the investors' confidence is rebounding due to corrective measures," the minister expressed these views while talking to Australian High Commissioner Dr Geoffrey Shaw who called on him on Wednesday. Secretary Planning Zafar Hasan was also present in the meeting.
While discussing bilateral relations and foreign investment in various sectors in Pakistan especially in Gwadar, the minister said that ongoing phase of CPEC will bring about socioeconomic benefits for the welfare of the people. He said that CPEC offers enormous potential to boost national economy and reduce poverty.
-Pakistan's Defence Exports have reached USD 212.6 MILLION IN 2018-2019
According to the Pakistan Ministry of Defence Production’s (MoDP) “First Year Performance Report,” the country had registered $212.6 million US in defence exports from August 2018 to August 2019.
Pakistan Aeronautical Complex (PAC) booked the highest value at $184.38 million US, which was followed by Pakistan Ordnance Factories (POF) at $7.13 million US and Heavy Industries Taxila (HIT) at $1.3 million US. In addition, private sector firms booked $19.36 million US in sales.
No additional breakdowns were provided by the MoDP. It is likely that PAC’s exports were fueled by co-production work for FC-1/JF-17 sales to Myanmar and/or Nigeria. Though an agreement was signed with Turkey for the sale of 52 Super Mushshak basic trainers, it is unclear if PAC has started manufacturing these aircraft.
-DRAP to launch countrywide drive against substandard, spurious medicines
The Drug Regulatory Authority of Pakistan (DRAP) is launching a countrywide campaign against substandard medicines, the PM’s Special Assistant on Health Dr. Zafar Mirza said while addressing the federal and provincial drug inspectors in Islamabad on Thursday.
He said a crackdown is being launched throughout the country to eradicate the menace of unregistered, spurious and sub-standard medicine. In addition to medicine quality, he added, DRAP will also take stern action against violation of fixed prices of medicines.
-Foreign exchange: SBP reserves increase $79m to $7.89b
The foreign exchange reserves held by the central bank increased 1.14% on a weekly basis, according to data released by the State Bank of Pakistan (SBP) on Thursday.
Earlier, the reserves had spiralled downwards, falling below the $7-billion mark, which raised concern over Pakistan’s ability to meet its financing requirements. However, financial assistance from the United Arab Emirates (UAE), Saudi Arabia and other friendly nations helped shore up the foreign exchange reserves.
On October 18, the foreign currency reserves held by the SBP were recorded at $7,892.7 million, up $79 million compared with $7,813.7 million in the previous week. The report cited no reason for the increase in reserves, which stood below the $8-billion mark.
-Ease of business: Pakistan up 28 places on World Bank index
Pakistan has jumped up 28 places on the World Bank’s (WB) Ease of Doing Business Index and secured a place among the top 10 countries with the most improved business climate – a development that will greatly improve Islamabad’s image abroad,
Pakistan carried out six reforms that helped improving its ranking from 136 to 108, according to the WB’s annual flagship report, ‘Ease of Doing Business 2020’, released on Thursday. It turned out to be the sixth global reformer and first in South Asia that brought ease in doing business in the last one year.
The fewer are the regulations the better is the ranking on the index. The key to attain perfection is to cut the bureaucracy hindering business activities in the name of various regulations and procedures.
-CM approves Rs 500m for Punjab Housing & Town Planning Agency
Punjab Chief Minister Sardar Usman Buzdar has given approval of Rs 500 million for Punjab Housing & Town Planning Agency. He gave approval while presiding over a high-level meeting at CM Office here on Monday. During the meeting progress on Naya Pakistan Housing Project for low-income persons was reviewed and detailed briefing was also given to the participants on Naya Pakistan Housing strategy.
While addressing the meeting, Usman Buzdar said that obstacles should be removed in order to ensure completion of Naya Pakistan Housing Scheme and financial conditions of common man should be kept in mind while chalking out housing policy of the project. All out attention should be paid while constructing small houses in the province, he added. It has also been decided during the meeting to launch rural housing project in 17 model villages.
-KSE 100 gains 204 points amid improved sentiments
The benchmark KSE 100 Index depicted remarkable progress as it gained around 204 points and concluded at 33,861-level.It was a busy start to the week at the Pakistan Stock Exchange (PSX) with earnings season hitting its peak, while volumes remained at par with previous weeks’ average.
Biggest single day investment in treasury bills in the previous week of estimated US $87.5 million, increasing total investment to US$440 million since July 2019 was the major rally point in the market sentiments.
The bourse recorded an intraday low of 33,572.36 soon after the commencement of the session. However, after regaining the momentum, the index marked its day’s high at 34,008.35 adding 350.89 points. It settled higher by 204.13 points at 33,861.59. The KMI 30 Index accumulated 386.53 points to settle at 55,155.92, while the KSE All Share Index managed to gain 86.13 points, ending at 24,543.78.
-Sindh to reserve 0.5% job quota for transgender persons
The Sindh Cabinet on Wednesday agreed to reserve 0.5 per cent quota in government jobs for transgender persons. “I want to bring transgender people into the mainstream,” said Sindh Chief Minister Syed Murad Ali Shah during the cabinet meeting. “We want to make them an asset for our society.”
CM Murad congratulated the transgender community on behalf of the cabinet and advised them to improve their education. Around 41,000 positions are vacant in different government departments across Sindh out of which 206 will be given to transgender people.
A spokesperson from the chief minister’s house stated that out of the 41,000 available jobs 16,000 positions will be filled this fiscal year. Rest of the positions will be filled in the period of next three years.
-Malaysia's Mahathir stands by Kashmir comments despite India palm oil boycott
Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi’s actions in occupied Kashmir despite Indian traders calling for an unprecedented boycott of Malaysian palm oil.
The impasse could exacerbate what Mahathir described as a trade war between the world’s second biggest producer and exporter of the commodity and its biggest buyer so far this year.
India’s top vegetable oil trade body on Monday asked its members to stop buying Malaysian palm oil after Mahathir said at the United Nations General Assembly last month that India had “invaded and occupied” Kashmir.
-“World’s two major companies setting up solar panel plants in Pakistan”
Federal Minister for Science and Technology Fawad Chaudhry announced on Monday that the world’s two major solar panel firms will establish their plants in Pakistan. The minister tweeted saying “good news gets lost in political plays, yet I am very happy that the world’s two major companies are setting up solar panel’s plants in Pakistan.”
Chaudhry added that China’s second-largest Lithium battery producer will also set up its workshop in Pakistan. The Lithium battery-powered buses will also be manufactured in Pakistan, the tweet further said. The Minister for Science and Technology was recently on a visit to Beijing where he met various Chinese officials and the country’s business leaders.
-Pakistan Navy organizes free medical camp in Balochistan
Navy organized a free medical camp in the village Dam of Balochistan in collaboration with Sahil and Ulfat welfare foundations. According to the spokesperson of Pakistan Navy, specialist doctors of surgical, medical, skin, gynecology, child and general medically inspected patients at the camp. Over 700 patients were provided with free medical treatment, medicines and ordinary surgical facilities.
-Lahore to get Tram service soon
Citizens of Lahore are getting a modern-day tram service soon, based on the famous British-era tram service. In this regard, the Punjab Transport Department has inked an agreement with CRSC International, a Chinese company specializing in rail transportation control systems, and Inkon Group of the Czech Republic.
The development of the project is divided into several phases. In the first phase, a 35 km track will be constructed on Canal Road, Lahore. Up to 50 trams will run on this track. Once operational, the trams will be able to carry 35,000 passengers in 1 hour. The trams will be powered through electricity and batteries. A single tram will have a service life of around 40 years. 2 tram depots will be constructed at different locations as well.
-10 Pakistani Universities Ranked Among the World’s Best in ‘University Impact Rankings 2019’
Ten Pakistani universities have been ranked among the top universities in the world in the Times Higher Education (THE)’s list. THE is a weekly UK-based magazine that issues its annual list of world’s most influential universities.
The list called ‘University Impact Rankings 2019’ has included 10 Pakistani varsities in different categories, including Gender Equality, Good Health and Well-being, Quality Education, Decent Work, Economic Growth, and others. According to the magazine, the rankings assess universities against the United Nations’ Sustainable Development Goals.
-PM Imran Khan inaugurates China-Hub Power Generation Plant in Balochistan
Prime Minister (PM) Imran Khan has said that Pakistan is moving forward through China-Pakistan Economic Corridor (CPEC) projects. Addressing inaugural ceremony of China Hub Power Generation Plant in Balochistan, he said this is the first joint project under the CPEC umbrella and he is very happy after inaugurating it.
“The government will facilitate joint collaboration between Pakistani and Chinese businesses in various sectors.”, he said. PM Imran Khan said with the help of coal reserves in Thar, Pakistan can generate huge amount of electricity, which can be enough for at least 100 years.
-Punjab Forest Department develops ‘record keeping’ mechanism
Department of Forest Punjab is managing 1.6 million acres of forest land area – 67 per cent of the entire forest land area in Punjab – under the Geographic Information System (GIS), Pakistan Today learnt reliably on Friday. The program enabled the forests department to ensure sound management and introduce state of the art record-keeping and mapping methods.
‘Development of GIS-Based Forest Management Information System in Punjab’ was approved at PC-1 with a cost of Rs75 million and a gestation period of 36 months (2016-2019) has allowed for transfer of all forest resources and inventories into IT-based inventory systems and achieved extensive field surveys, rapid data collection and its processing for development of the forestry sector on efficient lines.
-Hutchison Port Holdings announces $240m investment in Pakistan
Prime Minister Imran Khan has welcomed $240 million foreign investment from Hutchison Port Holdings, a Hong Kong-based port operator. A delegation of Hutchison Port Holdings, led by its Group Managing Director Eric Ip, called on Prime Minister Imran Khan on Tuesday. Other delegation members included HPH Middle East & Africa Managing Director Andy Tsoi and Middle East & Africa Business Director Eric Ng.
Maritime Affairs Minister Syed Ali Haider Zaidi, Adviser to PM on Commerce Abdul Razzaq Dawood, Special Assistant to PM on Overseas Pakistanis Syed Zulfiqar Abbas Bukhari, Ambassador-at-Large for Foreign Investment Ali Jehangir Siddiqui and Board of Investment Chairman Zubair Haider Gilani were also present on the occasion. Group Managing Director Eric Ip apprised the prime minister of Hutchison’s fresh investment into Pakistan approximating $240 million which will enhance the new container terminal capacity at the Karachi Port, and increase Hutchison Ports’ total investment in Pakistan to $1 billion.
-Punjab's tax collection jumps 44%
Punjab’s tax collection registered a 44% growth to Rs77 billion in first quarter of the ongoing fiscal year compared to the corresponding period of previous year, despite tough conditions of the federal government for the provinces to get a share in the federal divisible pool of resources. Punjab Finance Minister Makhdoom Hashim Jawan Bakht disclosed this at a review meeting of the Finance Department on Monday.
The meeting was briefed that despite the financial backlog left by the previous government, the current government gave a surplus budget of Rs233 billion in order to meet financial requirements of the federal government to comply with conditions of the International Monetary Fund (IMF) loan programme.
-‘SECP recognised as 7th most effective regulator in world’
The Securities and Exchange Commission of Pakistan (SECP) has been recognised as the “7th most effective regulator” by the World Economic Forum in its ‘Global Competitiveness Report-2019’.
“Pakistan was ranked as the 52nd most dynamic economy in the world. The country secured this by improving 15 points from last year, as it stood at 67th in 2018,” said a statement issued by Mishal Pakistan, Country Partner at WEF’s Institute of the Future of Economic Progress System Initiative, on Wednesday. “The progress of Pakistan’s competitiveness was due to the achievements made during the last 12 months.”
The most effective improvements were made due to the initiative and strategies adopted by the apex regulator for the corporate sector and the capital markets; supervision and regulation of insurance, non-banking financial companies and private pension schemes. The SECP improved Pakistan’s competitiveness rankings by improving the “number of days to start a business”, where Pakistan was ranked at the 90th position compared with 96th in 2018.
-Pakistan China bilateral trade crosses $19 billion, highest ever in history
Pakistan Ambassador to China , Naghmana Hashmi has said the bilateral trade volume between Pakistan and China has now touched US $ 19.08 billion and both countries aimed to raise it further.
“The bilateral trade volume between Pakistan and China has now touched US$ 19.08. We aim to raise it further,” Ambassador Hashmi said joint ventures in defence production have led to the manufacture of the MBT 2000 Al-Khalid Tank and JF-17 Thunder, a fighter aircraft. “On the diplomatic front, the two countries are committed to protecting and promoting multilateralism and upholding the United Nations (UN)Charter, while our cooperation has extended to science and technology, socioeconomic sectors and nuclear cooperation for peaceful purposes,” she added.
-Foreign Company Agrees to Drop $6 Billion Penalty, Re-Invest in Reko Diq: Reports
The International Center of Settlement of Investment Disputes (ICSID) had slapped the country with a $6 billion penalty for revoking the contract without prior knowledge back in 2009. Soon after the development, the Prime Minister had empowered his financial team to contact the executives of the Tethyan Copper Company (TCC) to reach an out-of-court settlement and avoid the penalty.
Reportedly, after the Pakistan authority’s approach, the company has not only agreed to take back the penalty but has also agreed to invest in the project again. As per media reports, PM Imran Khan contacted the TCC management and discussed the prospects of the matter. He assured the company his full support if they wanted to revise the investment plan for the project. The company will reportedly withdraw its appeal from the ICSID, while Pakistan will compensate for their damages due to the cancelation of the contract.
-Current account deficit shrinks massive 64pc
The country’s current account deficit (cad) in the first quarter of current fiscal year declined by a huge 64 per cent mainly on the back of a 21pc reduction in the imports bill.
The State Bank’s latest data issued on Friday showed the current account deficit for July-September FY20 clocked in at $1.548 billion compared to $4.287bn in the same period last fiscal year; a decline of $2.739bn.
The reduced current account deficit is a positive omen for the government, which is struggling with slow economic growth and high inflation. However, despite massive decline in rupee’s value, the country’s exports have failed to register any noticeable increase during the period.
-Food imports down 24pc, exports up 14pc in Q1 FY20
Food group imports into the country during the first quarter of the current financial year (July-Sept 2019-20) decreased considerably by 24.7pc, whereas exports increased by 13.98pc compared with the corresponding period of last year.
The import of food commodities into the country during the period under review came down from $1.45 billion to $1 billion, whereas the exports increased from $864 million to $984.7 million, according to latest data released by the Pakistan Bureau of Statistics (PBS).
-Chinese Smartphone Company Realme to build mobile phone manufacturing factory in Pakistan
Chinese company Realme's Director of Marketing in Pakistan Mr He Shunzi in an interview disclosed that Realme is planning to set up the mobile phone manufacturing factory in Pakistan. He told that company is inspecting locations in Islamabad, Peshawar, and Faisalabad Industrial Estate for suitable land. Pakistani mobile market offers guaranteed capital as Realme ranked top five android brands in Pakistan in less than nine months, capturing 8% of total market share, he added.
-Chinese Coal Giant Wants to Convert Thar’s Coal to Diesel
China’s Shenhua Ningxia Coal Industry Group will help convert Thar’s coal into oil and the talks between the two parties are underway. The Shenhua Ningxia Coal Industry Group is a subsidiary of China’s biggest coal producer, the Shenhua Group and the company already has the world’s largest plant for converting coal into diesel, with an annual production capacity of 4 million tons in Ningxia in its portfolio.
The agreement, if signed, will be a ‘game-changer’ for Pakistan, believes Adviser to Prime Minister on Petroleum Nadeem Babar, who accompanied Imran Khan on his recent visit to China. The Pakistani delegation held talks with the Shenhua Group during the trip:
-In a positive development, Pakistan projected among top 20 rising economic growth engines of the World
Pakistan projected among 20 top rising economic growth engines of the World that would dominate the global growth in next 5 years. Pakistan has been projected as one of 20 countries that will dominate global growth in five years time in 2024, an assessment made by Bloomberg using data from the International Monetary Fund (IMF).
-In a positive development, Pakistan textile exports register increase
Textile exports from the country increased by 2.95pc during the first quarter of the current fiscal year (July-Sept FY20) compared with the corresponding period of the last fiscal year. The textile exports during the period under review were recorded at $3,371.974 million as against the exports of $3,275.303 million during July-September 2018-19, according to latest data by the Pakistan Bureau of Statistics (PBS).
The textile commodities that contributed to the positive growth included raw cotton, exports of which grew by 53.65pc, from $7.047 million to $10.828 million. Similarly, the exports of yarn (other than cotton yarn) increased by 21.95pc, from $7.759 million last year to $9.462 million, while that of knitwear surged by 11.14pc, from $701.393 million to $779.548 million.
-Kartarpur Corridor will open to public on November 9: PM Imran
Prime Minister Imran Khan on Sunday announced that Pakistan will inaugurate the Kartarpur Corridor on November 9. The premier’s announcement came via a Facebook post in which he said that construction work on the Pakistani side had entered the final stage. “Pakistan is all set to open its doors for Sikhs from all across the globe,” he wrote. “World’s largest Gurdwara will be visited by Sikhs from across India and other parts of the world,” he said.
-'$1.2b penalty in Karkey case likely to be waived'
Pakistan Tehreek-e-Insaf (PTI) leader and senior lawyer Babar Awan has said that the $1.2 billion penalty that Pakistan has to pay to Turkey’s Karkey rental power plant is likely to be waived.
“International institutions, through high-level backdoor contacts, have agreed to waive off the penalty. This is very good news for Pakistan,” said Awan while addressing the media on Friday. “International institutions have shown their trust in Prime Minister Imran Khan,” he added.
-Punjab Govt to Introduce a Unified Tax Collection System
Punjab government is contemplating the introduction of a unified tax collection system in the province. The unified system will streamline the tax collection process and facilitate the taxpayers. At the moment, Punjab Revenue Department, Excise and Taxation Department, and local administrations collect taxes in Punjab. On Sunday, Finance Minister of Punjab, Makhdoom Hashim Jawan Bakht, headed a meeting of Punjab Revenue Authority (PRA). Bakht said that a special tax management unit will be set up at the Punjab finance department that will unify tax collection all across the country.
-PM To Launch Clean Green Pakistan Index for Multiple Cities
Prime Minister’s Adviser on Climate Change, Malik Amin Aslam, said that Imran Khan will launch the Clean Green Pakistan Index (CGPI) at a grand launching ceremony on October 30. The initiative is aimed at introducing competition among cities on various indicators, including public access to clean drinking water, safe sanitation, effective solid waste management, and tree plantation.
The prime minister will announce a six-month competition among 19 cities of Punjab and Khyber-Pakhtunkhwa provinces, he added. The adviser said that after six months, these cities will be ranked again and those with prominent progress will be rewarded with special federal and provincial government funds and more cities will be joining the competition.
-PM Khan Will Lay The Foundation of Baba Guru Nanak University on Oct. 28
Prime Minister Imran Khan is going to lay the foundation stone of Baba Guru Nanak University on October 28. The establishment of this university in Nankana Sahib was announced earlier this year when PM Khan was in the town for a Spring Tree Plantation Campaign.
-Sindh govt invites bids for Dhabeji SEZ
The Sindh government has launched the well-connected Dhabeji Special Economic Zone in district Thatta near Port Qasim, according to a statement issued on Monday. In this connection, the Sindh Economic Zones Management Company (SEZMC), being the provincial SEZ custodian, has invited proposals for the development and operation of Dhabeji project through an advertisement published in leading national and international newspapers.
Dhabeji SEZ was highlighted in the recent meeting of the China-Pakistan Economic Corridor (CPEC) Joint Working Group on Industrial Cooperation. The senior officials of China’s National Development Reforms Commission (NDRC) appreciated the Sindh government on the progress made so far. The Sindh government launched the project through an international competitive bidding process as a build-up to the upcoming 10th Joint Coordination Committee (JCC) meeting between China and Pakistan, which would be held next month.
-Rice exports surge 51pc in first quarter FY20
Rice exports from the country during the first quarter of the financial year 2019-20 grew by 50.76pc as compared to the corresponding period last year. During the July-September period, about 839,356 metric tonnes of rice, worth $470.584 million, were exported as compared the exports of 551.5,86 metric tonnes, valuing $312.147 million, during the same period of FY19.
According to data released by the Pakistan Bureau of Statistics, the exports of basmati rice increased by 47.29pc, as 212,873 metric tonnes of basmati rice ($194.669 million) were exported during the first quarter of FY20, as compared the 127,669 metric tonnes ($132.166 million) in the same period of last year. Meanwhile, 34,090 metric tonnes of fish and fish preparations worth $79.549 million were also exported in the period under review as compared to the exports of 25,859 metric tonnes valuing $67.294 million during the same period of last year.
submitted by FashBasher1 to pakistan [link] [comments]

70trades scam

70trades scam


https://preview.redd.it/gg9d51frtkv41.png?width=506&format=png&auto=webp&s=d0c355fd5e80d3ba4beaf65460e94a17075418a7
70Trades is a forex and CFDs trading broker. It provides services in India. Their main goal is to make the trading experience very easy for beginner traders and those who do not have much experience.
70trades offer an online trading platform to help investors to learn the news about the financial market and to make the best investment and financial decisions.
70Trades aims to make a change in the world of online trading with the best online trading platform in India. Registered users can open an account with a small investment and trade shares, stocks, commodities, and more.
With the use of the professional trading tools in the platform and the wide variety of assets available at 70Trades, all traders have the chance to profit.
https://medium.com/@Brady_Camden/70-trades-india-my-opinion-and-review-95bcceee8254
submitted by Brady_Camden to u/Brady_Camden [link] [comments]

18th Feb

COVID-19
  1. After the lockdown was imposed, the number of COVID-19 cases has been doubling every six days in India. Before the lockdown, the doubling happened every three days.
Policy
  1. RBI slashes reverse repo to 3.75%, hints at a further rate cut. Plans to conduct ₹50,000 crores TLTRO to ease liquidity crunch of NBFCs/MFIs
  2. RBI Governor Shaktikanta Das on Friday said the country’s foreign exchange reserves have risen nearly $2 billion to $476.5 billion as on April 10. The forex cover will be enough for 11.8 months, or nearly a year, of the country’s imports, he added.
  3. In February, net FDI was $2.9 billion, compared to $1.9 billion in the year-ago period. PTI
  4. China’s economy contracted for the first time on record in first quarter. China GDP fell 6.8 percent in Janu­ary-­March year-­on­-year.
Polity
  1. Govt decision on redefiing SMEs soon: Gadkari. Instead of companies with an annual turnover of up to ₹10 crores, companies with rev­enue of up to ₹250 crores will be termed SMEs, according to the proposal.
  2. CBIC processes GST refund of ₹575 crores in 15 day
  3. MSMEs ask for a bigger support package
Business
  1. Healthcare sector’s loss could touch ₹24,000 cr: FICCI-­EY study
  2. Discoms may face ₹30,000 ­crore revenue loss
  3. AMFI estimated gross subscriptions to open-end equity funds at ₹30,109 crores for March 2020, up 21 percent from February and 9 percent from March 2019. It praised retail investors for turning this crisis into opportunity, by committing a record ₹1 lakh crore into equity SIPs in FY20.
submitted by grey_legion to GreyLegion [link] [comments]

ALERT Cryptocurrency Scammer with fake broker and account management

In recent 2019 until now, there is a Scammer using **FAKE BROKER** names: **DIGITALTRADEFX** “http://www.digitaltradefx.com", “**DIGITALTRADEFIRM** ”http://www.digitaltradefirm.com“, **TRACEOPTIONFX** “http://www.traceoptionfx.com" or “**CRYPTONLINEFXPRO** ”http://www.cryptolinefxpro.com" , he is contacting people directly through Instagram, Facebook, Twitter, Telegram, WhatsApp and using different **FAKE profile** …. claiming himself as an account manager. He is using a different **FAKE phone number**, and many others. Last year he was using <> or <<>> to scam people and then he changes it this year. the website looks familiar with** Pocket option** web (another fraud broker in EU) .

He promised a high return on investment weekly, to his victim investors. Once you put your money in his hands, you will never get anything back from him as money. First, let's start with the website. the website phone number belong to two different platforms…be aware of that. the support team contact will never help get your money back….HE IS BEHIND ALL THAT and using a fake certificate.
When you try to reach the support team by the web, there is another contacts email appear with another FAKE web he is using. He may allow you to** become affiliate **to him, introduce his platform to others and bring more victim in his game…. **DON’T PUT YOUR FRIENDS HARD EARN MONEY IN HIS HANDS.**. NOW, in the platform itself, there only one way…Deposit your money. All withdraw possibility are FAKE, and it will never work. The platform itself looks like Pocket option platform.
On the platform, you make deposit by Bitcoin address he provides you. You money grow week after week. Then the withdraw, this is where the game change. **you can NEVER withdraw** by crypto address, paypal or skrill. He will send you to a **FAKE BANK** he names** ROCUNITY BANK** “http://www.rocunity.com“ which is a **FAKE website** he creates less than a month ago**. the website is empty, you won’t get any information in there. Your money is gone.
A website he bought about another bank…. look down of the page. he said the bank was create since 1865 but he just create the website less than a month ago. The grammar on the web page is wrong. he download some images on google containing another language to feed the web. **IF HE CONTACT YOU ABOUT INVESTMENT OR BORROW MONEY WITH HIM, YOU REPORT AND IGNORE IT.**
After try many time to get your deposit back, he will ignore you or try to put you in another Scam business. He has many accounts on Facebook, Instagram, Twitter, Whatsapp, Telegram …etc. he may work from India or US between those places despite his fake IP address he used. He create many group on telegram for investment in short term, If he get in touch with you…. know you are not in good hands. REMEMBER AND SHARE THE MESSAGE WITH YOUR FRIENDS.. NOW YOU KNOW HOW THE SCAMMER WORK AND IF YOU WANT TO INVEST IN CRYPTO OR FOREX, YOU BETTER FIND A REGULATED BROKER AND WELL KNOWN. see you!
submitted by Chrisleee20 to Scams [link] [comments]

[D] When will the CS:GO market die?

Introduction
Just thought it might be interesting to discuss the thought that one day the CS market will die.
With real-life markets, there is the expectation that companies, currencies, and commodities will continue to be relevant/traded for decades. This means that they can be invested in for long term gains.
Can the same be said for the CS:GO market? The prices in the market are determined by a multitude of factors, but the most important of which is simply the demand/relevancy of CSGO.
I personally don't think it will happen for at least a few more years. But seriously think, will there be a market for CS items in 10 years? 20 years?
It just interests me because I always see people say they're 'holding items for the long term' but how does that translate when the market lifespan could be finite.
_
About me (if you care)
I've been playing CSGO on and off since my late teens and started investing since Cologne 2014.
Back then I thought a Katowice sticker selling for more than £10 was a joke.
For transparency, The main investments I hold are Cologne 2014, Dreamhack 2014, Katowice 2015, Sticker capsule 2s and Winter offensive cases. All bought during their respective steam sales.
Most of my investments have been cashed out recently (thank you China) with my inventory only being around 20% of what it once was.
IRL I'm involved in financial management for work but I do not regularly trade on the forex/stock market. My knowledge of markets and trends is from parts of my professional qualification and personal experience.
_
What would be the cause of the markets death?
There are a few factors that could cause CS GO and the demand for items to fall to near zero:
_
What are the factors that could extend the longevity of the market?
These are quite obviously the opposite of the above factors.
_
Questions
Thanks for reading and I'd be interested to read other peoples thoughts.
submitted by Ranger_1990 to csgomarketforum [link] [comments]

Forex Trading can be Easier Than You Can Ever Imagine- Are You Ready?

Who Am I

Ten years into the Forex trading and my finances have become stronger than ever before. I stared my journey in the year 2010 on the 23rd of march. That was the time when I was out of my last job and searching for a new one. Economic recession in the early 2010s had left almost all the companies on the verge of closure.
Since then I started investing on the Forex trading and found it to be stable and consistent, though not extremely lucrative. In spite of not having a stable job and having plenty of debts, I have been able to have a decent life and reduce my debts gradually but surely.
Hi, I am an investor on the Forex trading business from India and a happy one too. Today, my family life stable and I am able to dream of a bright future based on my ventures on the Forex trading alone. Many of my friends suggest that I should take up an additional job and keep the trading only as part-time business.
But my mind tells me there is more profit in the Forex trading than I have been able to make. It is for the simple reason that I have not explored all the currency pairings completely. Right now, I am doing with Euro/USD pairing that is working out to be OK.

What Are My Dreams?

Just like you, I have had a dream of owning a home, a car, and plenty of modern appliances for my home. I wanted to keep my wife comfortable and let the machines do all the jobs of washing, cleaning, and housekeeping.
For a long time since the beginning of my career after marriage, my dreams were more or less limited. It was for the simple reason that we spent most of our income on traveling across India. We have gone to every corner in the country from the north to south, east to west, south east to south west, and north west to north east.
After spending nearly 10 years on traveling we had near to zero bank balance and an uncertain future stared us in our eyes. In India, it is tough to get good jobs, especially after 38 which I was in the year 2010. I started exploring various options like Freelancing, Entrepreneurship, online stores, and so many others. Every time ventured into a new adventure, I got new lessons through repeated failures.
At last I decided to try stock trading. Having no knowledge of the business, I had to depend on the brokers and online trading systems for help. Things went well until the next economic recession hit the markets once again.
Having hit the rock bottom, and nowhere else to go, I decided to try the Forex trading. It was not just because my friends were doing it, but also because I was interested in it.

What Am I Doing to Make them Come True?

I am into the Forex trading and I have discovered many simple truths that only a layman like can see. Some of them are so simple that you can master them within a few weeks. Of course, I will be sharing them with you in my next posting. KEEP Coming back for more since I am going to tell you the things that worked for me.
submitted by edithadhanushya to u/edithadhanushya [link] [comments]

Questions on fiscal prudence that we should all be asking our central government.

Please add on as you deem fit. Immediately below are those that seem necessary to me.
1) Real Fiscal Deficit Numbers: The fiscal deficit number and target shared in the budget presentation did not take into account independent lending by govt orgs such as,
Food Corporation of India: Has been borrowing for the last 3 years. Has not been paid by the govt during this time. While FCI has released some figures, what is the total amount it has borrowed?
Same with orgs such as NABARD, PFC, Fertilizer corp, and so many other that we don't even know about.
2) Real financial state of orgs like LIC, National Small Savings Fund: These are the orgs that fund the loans of the govt as well as Food Corp, Fertilizer Corp etc.
What do their respective balance sheets truly look like? How much money did LIC really lend to banks and NBFIs over the years, that is now considered NPA?
3) RBI related questions:
As the RBI had increased SLR (CRR for that matter) requirements for commercial banks, and policy dictated that (public) banks store that money in govt securities; can the govt tell us how much this total amount is? And why it forces banks to behave this way?
And more broadly, does the govt understand that forcing banks to park their money this way, and simultaneously crowding out private lending by taking such huge loans from govt orgs and banks; is an important part of why successive RBI interest cuts have no meaningful impact in reducing commercial rate for lending?
4) Another RBI question: The RBI continues to build up its forex reserves. (approx $471 Billion as of last week); even though multiple experts (including some RBI folk) have said that beyond a point, trying to use reserves to stem a money outflow will be futile. Many have said that around 450 billion is already beyond sufficient in our current situation.
And, not allowing for natural adjustment/strengthening of the Rupee right now may lead to risky situations if the global outlook does turn negative. Rupee continues to be a Last Money In, First Money Out segment for more foreign investors, and is the govt prepared to risk a SE Asia-like currency crises, just so that the RBI has more reserves, a part of which the govt can quietly gobble up?
submitted by FlamingNostrils to india [link] [comments]

pickright.in - The Digital marketplace for share market tips

Pickright, stock market advisory company providing best today’s indian stock market recommendations and help the investors by suggesting the tips and strategies regarding the Stock market, share market, intraday stocks tips which helps the individual who is interested in investing in the stock markets.
We at pickright.in gives a platform where SEBI registered stock market advisors guide individuals who are interested to invest their money for getting profits through stock markets, equity, mutual funds dividends, etc.
We have made a truly trustworthy stage with SEBI certify to examine investigators and speculation guides to support the investors.
Pickright Vision - A fin-tech marketplace that connects analysts/advisors and investors for financial advice on any type of tradable digital assets.
How Pickrigth helps - Pickright offers a component like Advisory, for its clients. The element offers the speculators a chance to interface with the counselors, for their inquiries in regards to interests continuously. 'The master warning and investigators on this stage will assist speculators with settling on insightful ventures choices.Trading is risky but it will be rewarding if your partner with the right advisors. Our platform will make your trading a breeze by giving you the list of all advisors with rating and ranking.
A stock trade encourages stock intermediaries to exchange organization stocks and different protections. A stock may be acquired or auctions just in case it is recorded on an exchange. Along these lines, it is the gathering spot of the stock purchasers and merchants. India's headstock exchanges are the Bombay Stock Exchange and the National Stock Exchange.
The Stock market is the place speculators interface with the purchase and sell ventures — most usually, stocks, which are portions of possession in an open organization.
Before investing in the Stock market one should have a good knowledge of the process and procedure of these stock markets how it works.
Before investing, it is always wise to learn the Basics of Stock Market & Share Market Basics. Whether it is Bombay Stock Exchange (BSE), National Stock Exchange (NSE), London Stock Exchange (LSE) or New York Stock Exchange (NYSE), trading terms or more or less similar Why Trade In Stock Market.
Pickright a SEBI registered stock market advisors
Pickright is an AI-based platform to connect investors and SEBI registered advisers for financial advisory services including Equity, Futures, Options, and other financial queries.Pickright helps you to get SEBI registered stock market advisors.Pickright is a SEBI Registered Company that helps investors for Share Market Tips, Intraday Stock Tips, etc.
Check out our websites - https://pickright.in/
The two golden rules for all investors are:
  1. Invest early
  2. Invest regularly
Why Trade In Stock Market
• 1. You needn't bother with a great deal of cash to begin profiting, in contrast to purchasing property and paying a month to month contract.
• 2. It requires negligible time to exchange - in contrast to building a regular business
• 3. It's 'quick' money and takes into consideration brisk liquidation (You can change over it to money effectively, in contrast to selling a property or a business).
• 4. It's anything but difficult to figure out how to benefit from the securities exchange. Be that as it may, You have to have your essentials clear. Except if you do… .you will burn through your time and losing cash. You should be completely clear of every single part of Investments, investment opportunities, Stock Trading, Company, Shares, Dividend, and Types of Shares, Debentures, Securities, Mutual Funds, IPO, Futures and Options, What does the Share Market
Pickright - is a Digital Marketplace where master looks into experts give suggestions on a wide range of exchanging instruments like Cash, Futures, Options, Forex and Commodities and some more. Buyers are at their will to purchase the administrations of various specialists and take further courses of activities.
For more info do visit our websites - https://pickright.in/
We are known as the best Stock Market Advisory Company, Stock Market Investment Advisory Company, Stocks Equity Advisor, the stock market advisory marketplace, stock market advisory, Stock Advisory Company In India, etc. All the queries regarding the share market/stock market are cleared by the experts at pick right and recommend with profit-making strategies.
Pickright app - Trusted Stock Market Advisory, BSE NSE Bank Nifty - Pickright also provides an application name as Trusted Stock Market Advisory, BSE NSE Bank Nifty which make investors helpful and handy to keep a track of their investments in the stock market.
With Stock Market advisory app-
✔ Check Profits, Score, Accuracy.
✔ Find Certified/Experts Advisors, View their portfolios, rate, exactness, benefit, and so on.
✔ Consumers have the decision of choosing money related counselors carefully.
✔ Investments choices in stocks, records, products, Forex and IPO.
✔ get all the examination and see the live commercial center and work on suggestions, For buyers, one spot to see all the ongoing stock developments.
✔ Available financial instruments like Cash, Futures, Options, Commodities, and Forex.
Pickright application gives includes that get you complete cash authority over your speculations. Transform your android based cell phone into a ground-breaking and complete portable exchanging and financial exchange venture warning stage.
For more info Download Free Stock Advisory app and Register it with FREE - https://play.google.com/store/apps/details?id=in.pickright.app&hl=en_IN
For more info do visit our websites - https://pickright.in/
submitted by stockmarketadvisor to u/stockmarketadvisor [link] [comments]

Indian Financial Sector

As negotiations to finalise the long-overdue Regional Comprehensive Economic Partnership (RCEP) enter final stages, Prime Minister Modi said India has put forward reasonable proposals in a clear manner and is engaged in the talks with sincerity for the free trade deal. Modi said India is clear that a mutually beneficial RCEP, in which all sides gain reasonably, is in interests of the country and of all nations involved in the negotiation.
-Business Line
A day after SEBI put in place tighter disclosure norms, Indian Bank, Union Bank of India and Lakshmi Vilas Bank on Friday reported divergence in their bad loans for the last fiscal ended March 2019. For LVB, the net loss widened to Rs 1,006 crore from Rs 894 crore.
-Economic Times
The RBI has rejected a proposal by ICICI Bank for appointment of Sandeep Batra as an executive director (ED) after SEBI penalised him in a case related to merger of Bank of Rajasthan.“The Bank has received a communication from RBI not acceding to the request for appointment of Batra at present and to resubmit the proposal for approval after one year from the conclusion of settlement proceedings,” ICICI Bank said in a regulatory filing late on Friday night.
-Business Line
The RBI has refused to relent on its guidelines requiring chief executives of private banks to mandatorily retire at the age of 70, setting the stage for Aditya Puri to step down as HDFC Bank MD & CEO next October, while Romesh Sobti will retire as IndusInd Bank chief at the end of the financial year.
-Economic Times
PSBs are talking to the RBI under the aegis of the IBA to allow a staggered recognition of deferred tax assets (DTA) for FY20 in order to avoid taking large hits on their bottomlines. “We are assessing the matter and even the RBI and IBA are talking about it,” said an executive aware of the development.
-Financial Express
US Treasury Secretary Steven Mnuchin met RBI Governor Shaktikanta Das in the financial capital today. The two discussed “global and domestic macro-economic scenario in both countries and regulatory developments”, according to an official statement from the central bank.
-Business Line
The global investor which has submitted a binding bid to invest $1.2 billion in Yes Bank is a North American family office that is interested in picking up more than a third of the bank’s shareholding. “We have a nondisclosure agreement with the investor. The bank’s capital-raising committee could meet as early as next week to decide on the proposal and, should they approve it, the name will be made public,” said Yes Bank MD & CEO Ravneet Gill.
-Economic Times
Karur Vysya Bank has posted a 24.37% dip in its standalone net profit for the second quarter ended September 2019 to ₹63.33 crore compared with the corresponding year-ago period on higher provisioning.
-The Hindu
Lakshmi Vilas Bank, in a regulatory filing, said Non-Executive Non-Independent Director Anuradha Pradeep has resigned from the board.
-Business Standard
India’s GDP could grow 6.6% in 2020-24, lower than its 2013-17 average of 7.4%, the Organisation for Economic Co-operation and Development (OECD) said today.
-Economic Times
China's Fosun Tourism Group said it would acquire the Thomas Cook and related hotel brands for 11 million pounds in a bid to expand its presence in the tourism business.
-Economic Times
A 65 Year olddepositor of the scam-hit Punjab & Maharashtra Cooperative (PMC) Bank died due to a heart attack in neighboring Navi Mumbai, her family said. Kuldeep Kaur Vig (64) is the seventh PMC Bank depositor to have died after the alleged ₹4,355 crore scam at the bank came to light and the RBI imposed restrictions on withdrawal of funds.
-Livemint
NPCI on November 1 said the number of transactions of Unified Payments Interface (UPI) has crossed the landmark figure of 1 billion in October. "The total transactions of UPI jumped to 1.15 billion in October 2019 from 0.96 billion in September 2019," NPCI said in a release. Total transaction value of UPI stood at Rs 1.91 lakh crore during the month, up from Rs 1.61 lakh crore in the previous month.
-Moneycontrol.com
India's forex reserves increased by $1.832 billion to a new lifetime high of $442.583 billion in the week ended October 25, helped by a jump in core currency assets and value of gold, RBI data showed on November 1. The overall kitty had expanded by $1.04 billion to $440.751 billion in the previous reporting week.
-Moneycontrol.com
 -#021119 
submitted by venuangamaly to indianews [link] [comments]

Some news you may have missed out on part 79.

-Pakistan to host ‘AdAsia – Asian Advertising Congress’ this year
In a logo unveiling ceremony held at Faletti’s Hotel Lahore, on Sunday, it was revealed that AdAsia 2019 —Asian Advertising Congress is going to be held in Pakistan this year. AdAsia is the largest and most prestigious advertising congress in Asia, organized bi-annually by the Asian Federation of Advertising Associations (AFAA). The AdAsia 2019 Congress will be held in Lahore at the Lahore International Expo Centre from December 3 to 5. The theme for the Congress is ‘Celebrasian: Celebration of Advertising and Creativity in Asia’.
-IDB to lend Pakistan oil worth $4.5 bn
The spokesperson for the Ministry of Finance on Saturday claimed that the Saudi-backed Islamic Development Bank (IsDB) will lend Pakistan oil worth $4.5 billion. “The IsDB will lend Pakistan oil worth $4.5 billion over three years. The oil will be lent in three installments of $1.5 billion each every year,” the spokesperson added. The Ministry of Finance spokesperson further said that in the first phase they have received oil worth $100 million and oil worth $270 million will be lent in the second phase. “We are also in talks with the IsDB regarding lending of liquefied natural gas (LNG),” the spokesperson added.
-Economic revival: PTI government relief package earns Rs 125 billion immediately
The federal government’s relief package for the stock market in the ‘Mini-budget’ on January 23 has brought positive impact. KSE-100 index settled at 40,254 points with a rise of 958 points within one week. The business-friendly concessions including abolition of the advance tax of 0.02pc on share trading under Presumptive Tax Regime and super tax in the mini-budget have been welcomed by the stockbrokers and industrialists altogether.
-69 women constables complete elite commando training in K-P
Over 7,000 personnel of the Khyber-Pakhtunkhwa (K-P) police, including 69 women constables, have successfully completed a grueling Elite Commando Training Course. As per a statement issued by K-P police’s public relations, the police personnel completed training in 15 basic courses conducted at different training centres. Most policemen, including the women constables, voluntarily opted for the tough four-month long course. The communique also said another batch of women commandos is currently being trained and shall soon be elevated to the rank of elite commandos.
-Karachi police chief makes surprise visits, suspends four police officials
In a surprise move, Additional Inspector General Police Dr Amir Shaikh on Saturday visited different areas of the city, disguising himself as a common citizen to witness the performance the police force. A police spokesperson said that the Karachi police chief suspended four police officials, including two ASIs over violation of duty rules and harassing public. He said that the police officials were found harassing people instead of controlling traffic at MT Khan Road in Sultanabad. The officials were from Jackson and Sultanabad police stations, said the spokesperson and added that the police chief had directed SP Traffic city and DSP to submit report over the issue. In-charges of Jackson and Sultanabad police stations along with record keepers were also summoned by the AIG Dr Amir Shaikh, said the spokesperson.
-In a historical move, Pakistan elected as Vice Chair of Asia Pacific Ministerial Forum
Pakistan was elected as the vice chair at the third UN Environment’s Forum of Ministers and Environment Authorities of Asia Pacific that was held in Singapore from January 23 till January 25. The newswas revealed in a tweet by Adviser to Prime Minister on Climate Change Malik Amin Aslam. He said Pakistan got elected to the position owing to the country’s ‘sincere and dedicated’ environment preservation endeavours.
-Pakistan Army achieves historic milestone on Pakistan Afghanistan border fencing
Director General of Inter-Services Public Relations (ISPR) Major General Asif Ghafoor Sunday said work on about 900 kilometer fence along the Pakistan-Afghanistan border had been completed. Briefing a team of journalists and anchor-persons at Ghulam Khan, a bordering village in North Waziristan Agency,he said the work on erection of about 1200 km chunk, the most sensitive portion out of the total 2600 km long border with the neighbouring country, had commenced last year. Zero Point is the entry and exit point of Pakistan from Afghanistan where a formal border post was constructed last year Major Gen Asif Ghafoor said the project would cost about Rs 70 billion, which also included the cost of gadgets and surveillance equipment to keep strict vigil on the illicit movement from across the border. He said the fence had amply helped check the movement of terrorists from across the border and it would further assist after completion of the project which was expected to culminate next year. The visit of media-persons was conducted for the first time in the country's history as no such activity could have happened as all the area had been “no go area” for the civilians or even by the security forces themselves.
-Foreign Media representatives visit North Waziristan, stunned with Pakistan Army successes against terrorism
Local and foreign media representatives on Sunday visited Peshawar, Miranshah, and Ghulam Khan Border terminals along with Director General ISPR Major General Asif Ghafoor for the first time after military operations. It was the first direct interaction of the media with local people, who while standing in Miranshah Bazar, talked to reporters about improved peace situation and administrative issues in the area. They lauded Pakistan Army for its efforts in restoring peace and development.
-Pakistan Cement Exports register significant rise in first half of FY 2018 - 19
The export of cement from the country witnessed increase of 32.4 percent during first half of current fiscal year as compared to same period of last year. The export of the commodity increased to $157 million in July-December (2018-19) against the export worth of $118.586 million in sameperiod of last year, a latest data released by Pakistan Bureau of Statistics (PBS) said. In term of quantity, the cement export recorded 55.52 percent increase to 3.671 million Metric Ton (MT) during the period under review as compared to export of 2.36 million MT cement during same period of previous year. On year-on-year basis, the cement export jumped by 78.02 percent to $25.89 million in December 2018 from $14.54 million of cement export during December 2017, the data revealed. The overall export of goods during first half of current fiscal year recorded an increase of 2.19 percent to $11.216 billion against the exports of $10.976 billion recorded during same period of last year.
-KP Tourism. Potential stuns audience at International Tourism Fair in Europe
A large number of visitors, tourists and investors thronged the stall of Tourism Corporation Khyber Pakhtunkhwa (TCKP) at the tourism trade fair at Feria de Madrid, Spain, and showed keen interest in the KP’s tourism potential. The TCKP team highlighted salient features of the cultural and tourist resorts through video documentaries, pictures, brochures and posters. The visitors were informed that 70 percent of tourist resorts were located in KP and the foreign tourists can now visit any place without any restriction and obtaining Non-Objection Certificate. The KP participation in fair encouraged the international tour operators to bring cultural and mountaineering expeditions to the province, which will highlight Pakistan as one of the best tourist destinations for international tourists.
-Foundation stone laid for $200 million knowledge city in Pakistan, first ever in County's history
Prime Minister Imran Khan Sunday inaugurated the first academic block of the NAMAL Knowledge City. The vision behind Namal Knowledge City is to create a hub of knowledge exchange and research in Mianwali. The Knowledge City will include academic blocks, a knowledge center, a sports complex, sports grounds, a hospital, technology parks, business centers, shopping malls, a dairy farm, a resort, software houses, hotels, a primary school, and a housing colony for the faculty. A total of US$ 200 million will be spent on the construction of the Knowledge City which will be built on the concept of a zero carbon foot print and completed by the year 2027. It will have a population of 11,000 with construction spread over 4 million square feet. It will accommodate 7,000 students with 600 faculty members.
-E Rozgar Programme launched, Click for Registration
The Punjab IT Board and Ministry of Youth Affairs has jointly launched a three-month free E-Rozgar Training Programe for the youth, aimed at imparting vocational training to the jobless, enabling them to earn their livelihood honourably. In this regard, the admission has started for enrollment in these technical courses and the last date for the on-line registration is the 9th of the next month. The requisites of getting admission include that the applicant should have an NCIC, his minimum age 16, maximum age 35 and should be jobless.
-Pakistan China ink deal worth billions of dollars today: Report
A Chinese company will invest billion of dollars in mineral exploration and processing projects in Khyber Pakhtunkhwa. A Memorandum of Understanding in this regard has been signed in China today. According to Khyber Pakhtunkhwa Minister for Mineral Development Dr. Amjad Ali, the Chinese company will setup mineral industrial park in Rashakai Special Economic Zone.
-Pakistan's NESPAK completes 3,900 mega projects in Pakistan and across 37 countries of World worth Rs 19,000 billions
National Engineering Services Pakistan (NESPAK) has successfully completed 3,900 development projects within Pakistan and 37 in other countries with an accumulative cost of Rs 19,000 billion since its establishment, 45 years ago. NESPAK Managing Director Dr. Tahir Masood told media here Saturday that foreign countries where NESPAK has extended engineering consultancy services were mostly located in the Middle East, Far East, Central Asia and Africa. In this way, he added, NESPAK had placed the country on the export map of the world and was committed to provide multi-disciplinary engineering consultancy services with the highest level of professionalism and dedication.
-Government launches Dominted Bank bond
PTI government is launching yet another economic initiative for overseas Pakistanis to attract billions of dollars for balance of payment and enhancing reserves. PTI government is launching dollar-denominated diaspora bond named Pakistan Banao Certificate (PBC) on January 31st. The diaspora bond is being launched to take advantage of international savings of overseas Pakistani’s and bolstering its foreign exchange reserves. According to details shared by the Finance Minister Asad Umar , the certificates would be of two types, one of three years offering 6.25% return and the other with five-year maturity offering 6.75% return. Mr Umar said four banks had been selected to complete the transactions.
-Rupee hits seven-week high at 138.78
Pakistani currency has recovered to a seven-week high at Rs138.78 against the US dollar in inter-bank market on Friday, according to the State Bank of Pakistan, after the country successfully mitigated the risk of default following receipt of $2 billion from friendly countries. Simultaneously, the rupee revived to a four-week high at retail market to 139 against the greenback on Saturday, according to a forex website. “The $2 billion inflows from the UAE and Saudi Arabia (on Thursday and Friday) has partially eased the panic at currency markets,” said a banker on condition of anonymity.
-PM Imran discusses major proposals to revive PIA
As Pakistan International Airlines (PIA) struggles to rein in mounting losses, Prime Minister Imran Khan discussed major proposals presented at a high-level meeting to turn around the financially troubled national flag carrier. The prime minister chaired the meeting at the PM Office earlier this month, which was attended by top cabinet members, civil bureaucracy and military officers. The premier directed the authorities to arrange additional guarantees of Rs15 billion as interim relief for PIA. A proposal was endorsed to freeze PIA’s outstanding dues, amounting to over Rs80 billion, which were payable to the Civil Aviation Authority (CAA) along with late payment surcharge, according to minutes of the meeting available with The Express Tribune.
-World Bank releases $58m for house financing
The World Bank has disbursed $58 million for house financing in Pakistan and the federal cabinet has approved the transfer of the fund to Pakistan Mortgage Refinance Company (PMRC). “It ($58 million – Rs7.8 billion) is a World Bank credit line for PMRC,” PMRC Managing Director and Chief Executive Officer Mudassir Hussain Khan told The Express Tribune. “The cabinet has approved the transfer of the fund. It will take around a week to 10 days before the money reaches PMRC account.”
-Talks between Pakistan, China for FTA to begin next month
Federal Secretary for Trade, Younus Dagha has said that the talks between Pakistan and China for a Free Trade Agreement (FTA) will commence next month. Talking to a delegation of the Trade Development Authority’s officials in Lahore, he expressed optimism that the new trade agreement with China will help thrive national economy and would be in the best interests of both the friendly countries.
“The trade deficit of Pakistan has decreased by five per cent during the incumbent government and our exports are increasing day by day.” He said the expansion of the trade volume with India depends on the decisions of the governments of both the countries. He informed that trade with Afghanistan is also improving.
-Amended finance bill to reduce cost of doing business: PEW
The Pakistan Economy Watch (PEW) on Sunday said the recently amended finance bill will reduce the cost of doing business which in turn, will reduce the prices of many items. The move will support businesses and help exporters regain ground in the international market as the government has reduced and abolished several taxes to lift economic activities, it said.
The government will lose almost seven billion rupees in revenue but it will gain more in the shape of foreign exchange, said PEW President Dr. Murtaza Mughal. He said the recommendations will be applicable from the next fiscal term but it has already elevated business sentiments as many leading business groups are planning to boost investments.
-Economic reforms help PSX gain 958 points in week
The benchmark KSE-100 index accelerated by 958 points in the outgoing week and settled at 40,265 points, providing a weekly return of 2.44pc, owing to improved sentiment on account of the economic reforms package announced by the government.
The Finance Supplementary (Second Amendment) Bill, 2019 was broadly focused on improving ease of doing business, incentivizing export-oriented/industrial sectors and elimination of domestic growth hampering impediments. A key demand from the stock market to abolish the advance tax of 0.02pc was accepted, while the government also allowed capital losses to be carried forward for three years, thereby impacting the investor sentiment positively.
-Govt to announce medium-term economic framework in coming week: Hammad Azhar
The Minister of State for Revenue Hammad Azhar on Friday said the government will announce a medium-term economic framework in the coming week. The forthcoming medium-term economic framework will bring measures that will enhance exports and investments, said Azhar while speaking at a seminar on “Economic Reforms: Way forward”, organised by the Sustainable Development Policy Institute (SDPI), reports an English daily.
He shared the government is moving towards execution a direct taxation regime whilst gradually restricting indirect taxes. Mr Azhar underlined that the supplementary budget which was announced on Wednesday didn’t target fiscal and monetary measures but was an economic reforms package to resuscitate and enhance growth and investment.
-Economic reforms package to help boost exports, trade and investment
State Minister for Revenue Hamad Azhar on Friday said that economic reforms package announced by the PTI government will help in boosting exports, trade and investment.
Talking to a private news channel, he said the economic reforms package will prove to be helpful in overcoming the trade and fiscal deficit. Mr Azhar said due to effective economic policies of the Pakistan Tehreek-e-Insaf (PTI) government, the international investors are desirous of investment in Pakistan. The government is taking many steps for the revival and betterment of the economy, he added.
-Tale as old as time: Labyrinth of tunnels discovered under Lahore Fort
A labyrinth of underground tunnels, as well as hidden basements, has been discovered under Lahore Fort. Immortalised in short stories, these passages have always been hidden from the naked eye. However, during excavation, the Walled City of Lahore Authority (WCLA) has discovered two underground tunnels and an arsenal which are currently under restoration.
A symbol of the opulence of the Mughals, Lahore Fort has kept many a secret for hundreds of years; secrets which are now slowly being revealed.
During excavation and restoration work, WCLA recently discovered a passage of underground tunnels which run underneath the fortress. This has caused tourists, hungry for information on the underground tunnels, to throng to the citadel and present their own theories on how the passages were used.
-Indonesia, Pakistan ties poised for a quantum leap, says envoy
Counsellor and head of cultural section Embassy of Republic of Indonesia Deny Tri Basuki has said Indonesia and Pakistan share strong socio-cultural and religious bond rooted in history. Pakistan and Indonesia stand proudly together as two of the largest Muslim populated countries and emerging economies of creative and talented people. He expressed these views on the occasion of a business gathering organised by tourism ministry of Indonesia in collaboration with the Indonesian embassy. A large number of stakeholders hailing from the travel and aviation industry of Pakistan attended the event.
-Japanese aircraft take part in pre Aman-19 exercise
The Pakistan Navy is hosting the 6th series of AMAN-19 – a Multinational Maritime Exercise – in February 2019 in Karachi, and two Japanese Naval P3C aircrafts of Deployed Maritime Force for Anti-Piracy Enforcement (DAPE) visited the PNS Mehran in Karachi for the pre-AMAN-19 exercise.
According to a press statement issued by the navy’s Director General Public Relations (DGPR) on Saturday, the Japanese aircrew participated in various events including search and rescue (SAR) and counter piracy (CP) exercises along with the navy aircrew. The Japanese contingent also visited maritime and Pakistan Air Force (PAF) museums to learn about the historic achievements of the two forces.
-‘Chinese, Russian firms keen to invest in PSM’
Adviser to Prime Minister on Commerce Abdul Razak Dawood revealed that three Chinese and three Russian firms have shown interest in investing in Pakistan Steel Mills (PSM).
Addressing a ceremony held for the inauguration of International Steels Limited’s new plant, he said that the committee tasked with revival of PSM has drafted its recommendations and the Economic Coordination Committee (ECC) will make a decision by March.
-China has given Pakistan additional access to its market: Dawood
Prime Minister’s Adviser for Trade and Industry Abdul Razzak Dawood on Saturday said the government is working to hammer out national industrial and tariff policies, ARY News reported. Dawood while talking to industrialists in Karachi, said that China has granted Pakistan an additional access to its market. “We are working to slash unnecessary imports and increase exports”.
He said unnecessary items will be removed from shelves of super markets and precious foreign exchange will not be spent on such imports. The adviser said the government has taken effective steps to facilitate business in mini budget, which will be approved in next seven day.
-Pakistani Teacher Shortlisted for Cambridge’s Most Dedicated Teacher Award
Cambridge University Press has shortlisted a Pakistani teacher, Ahmed Saya, for the ‘Most Dedicated Teacher’ award. Ahmed Saya, an A-level teacher from Karachi, is one of the six brilliant minds around the world to be shortlisted for the prize. The competition included entries of 3500+ teachers from over 140 countries for the prestigious award. Cambridge’s official Twitter handle said it was a tough call, but they shortlisted six teachers for this year’s Dedicated Teacher Awards.
-Swiss Investor to Open A Chain of Luxury Hotels in Pakistan
Swiss International Hotels & Resorts is mulling to open a chain of its luxury hotels in different cities of Khyber Pakhtunkhwa (KP). The President and CEO of Swiss International Hotels & Resorts, Henri (Hans) WR Kennedie informed this to Chief Minister KP Mahmood Khan during a meeting on Friday. During the meeting, Henri told CM Khan that they were already working on a plan to establish luxury hospitalities in various parts of the province.
submitted by FashBasher1 to pakistan [link] [comments]

FOCUS ON INNOVATION AND QUALITY ALWAYS GOES A LONG WAY

FOCUS ON INNOVATION AND QUALITY ALWAYS GOES A LONG WAY
India has clearly shown intent towards adopting solar energy to bring electricity to its furthest corners. The country has taken inspiring initiatives, shouldering reformations, facilitating industrial growth, and bringing investment to support the mission to utilize sustainable energy. Also, solar power has come a long way since 1977 when solar panels were priced at $77 per watt peak. Currently, the price for solar panels varies between $0.33-$0.36 cents/per watt peak, indicating more than 99% fall in prices. Moreover, the solar energy industry is growing in demand and in acceptance. Recently, the global solar industry has been adding close to 100 GW of capacity year over year and gaining more than $130 billion investment globally. Therefore, the argument can be made that this is the perfect time for India to move ahead and seize the opportunities (energy reliance, manufacturing industry growth, increased export revenue) that solar brings. As I have said already, while the intent for green energy adoption is present in India, we still have to remember that solar energy only has 8% share in the country’s total installed energy capacity.

Image source: vikramsolar.com
Even with the Government’s new plans such as-
  • Investing INR 100 lakh crore for infrastructure development
  • ‘One Nation, One Power’ grid implementation
  • Creating ‘Manufacturing, Repair and Operate’ (MRO) industry
  • Making India a PV Cells and module manufacturing hub
  • Supporting growth of EV and energy storage industry
It is not enough to prepare India to seize the solar energy demand in and out of the country.
Focus on Innovation is Necessary
Mass adoption of green energy in India is the only way for us to reduce fossil fuel import costs (~$100 billion), facilitate industrial growth, restore climate, and claim export markets. The most important component that can assist in mass adoption of green energy is innovation. Not just giants like China or the U.S. even emerging economies like South Korea, Vietnam are investing huge amounts of money to enhance solar panel technologies through R&D and brewing competition between solar panel manufacturers (Top Runner program) to speed up technological evolution for solar.
For example,
China invested $40.4 bn in solar power in 2018. If we are to consider that more than 60% of the world’s solar panels are made in China, it is easy to comprehend that China is critically invested in continuously improving solar energy technology, to arrest global demand.
China’s industrial policy takes credit for such focus on innovation. As a result, China recorded 150,000 renewable energy patents in 2016, 29% of the global total and the world’s top 11 solar panel manufacturers are now based in mainland China.
The U.S. has always been the forerunner in solar technology, considering that the U.S. first discovered the solar cell. In addition, the U.S. Department of Energy and Spectrolab invented the most efficient solar cell technology with a light-to-electricity conversion efficiency of 40% in 2007.
Understanding that the estimated value of solar power is projected to reach $422 bn by 2022, developing countries like Kenya invested $1.3 bn in renewable energy technologies a few years ago.
I believe that this clearly portrays how focusing on solar manufacturing, improving infrastructure, mandating best in class product use, and enforcement of quality guidelines in the solar energy industry can lead to innovation, which is important for faster adoption of solar.
Innovation in Technology
The major part of solar innovation has to be technological. Fortunately, solar power technology is much simplified than that of fossil fuel technology. Considering the rising population (7.6 bn currently), it is easy to comprehend that innovation is necessary to reduce space requirements, increase efficiency and reliability to make solar a mainstream energy source.
For that to happen Government of India needs to focus towards cross-country solar technological exchange (ISA is a decisive move by India in this regard), as agreement of technological collaboration will lead to rapid solar energy growth. Investing in technological development is also important, as it will build a better infrastructure for renewable energy development.
Besides, technology is not the only area where we need innovation to support solar. India must focus on establishing better financial support and solutions in the solar financing sector. The global private sector has shown interest to invest in solar R&D in India. However, flexible and innovative financial strategies are needed to enhance investor interest and allow foreign financial help commitments to turn into reality. Strategies like- providing tax deductions on R&D spend by solar power companies will surely encourage more investment in solar technology development.
Focusing on Quality
Focusing on quality is important to assure reliability and energy security from solar, which are the only way to increase green energy adoption in India.
Indian project developers rely on “self-defined” quality criteria to import more than 90% of solar modules for the domestic industry. Since modules contribute to more than 55% of the CAPEX required to build the solar power plant, the risk associated with poor module quality is therefore significant. Especially so, as the outflow in forex due to module import is several billion dollars every year.
The Government of India has recognised the risk and introduced the Bureau of Indian Standards (BIS) certification to ensure the quality of solar module used for projects in India. While it is an honest attempt to mitigate risks associated with poor quality, there are several reasons why these particular objectives are currently not being met.
What India needs immediately is a strong Government effort to drive quality in a more holistic manner rather than blindly follow the BIS certification route. Development of new standards for module testing for India-specific climatic condition is the need of the hour. Close monitoring of quality control processes on the shop floor in the Indian domestic manufacturer site is an assured way to confirm 100% quality assurance. Specific quality plans for mass manufacturing needs to be followed and deployed on shop floors in order to make this happen. Finally, a sure way to support domestic solar power manufacturing industry is to develop a robust and sustainable domestic supply chain, which will provide quality materials for manufacturing modules at competitive rates.
Way Forward
Therefore, as it appears through our discussion, innovation and quality focus is of great importance for India to finally accept solar energy as the reliable mainstream energy source we want it to be. The quicker the green energy shift has taken effect, the better it would be for India and the world. Moreover, the only way to make it happen is through investment, policy support, and taking immediate action to improve solar quality and encourage innovation.
Source: https://www.vikramsolar.com/focus-on-innovation-and-quality-always-goes-a-long-way/
submitted by vikramsolarpower to u/vikramsolarpower [link] [comments]

[ECON] 2022 People's Bank of China Statement

Press Conference with the Governor of the People's Bank of China 任中国人民银行行长 Yi Gang 易纲 on current monetary and regulatory matters in the People's Republic of China for the year 2022
Dear Ladies and Gentlemen
The People's Bank of China (PBOC) is gladdened to announce that the efforts made by the Bank to consolidate financial markets and reign in unproductive credit and the misappropriation in debt lending are seeing bountiful returns. For the 2022 year forecast, we are thus heartened to state that the economy has exponentially preformed to bring growth above 7 percent, beating negative analysis on efforts on the PBOC and government's meaningful reforms to address core structural issues that have threatened the Chinese and global economy.
While we have identified specific measures in relation to consumer demand and business growth, in conjunction with the improving regulatory framework, we foresee promising inflationary movement and are pleased to see an adaptive labour market take hold in overall trends for key benchmarks.
In regards to the current developments in the Banks's stimulus efforts, we shall maintain the current level of market guidance and capital assistance. While we continue this approach, we are constantly assessing the Mainland's capital markets liquidity and should concerns be spotted that identify general overheating, the PBOC is ready to address those concerns and enforce targeted measures.
Now, onto the main elements of the year's statement: the current status on the internationalisation of the Renminbi and policy responses to optimise a favourable environment as well as new guidelines on capital market
The following discussion shall be complimented with the following handout:

The Renminbi - The People's Currency, and Soon the World's?

The Continued Dollar Dominance
Chinese Efforts to Open Up the Renminbi - An Uneven Effort
Making The Cross Across the Riverbed Towards A More Global Renminbi
The PBOC has issued the following in its Guiding Measures to the Chinese Mainland and SAR financial markets:
This new rule will further buoy the offshore Renminbi (“Dim Sum”) bond market and accelerate the pace of Renminbi internationalisation.
submitted by Relativity_One to GlobalPowers [link] [comments]

Forex Trading Online

Forex Trading Online
Tradeziforex : providing Forex Trading platform to invest in Foreign Currency Exchange Market.
Tradeziforex : leading Forex Brokers Companies in Delhi, Dubai, India. providing Forex Trading, News, Signal, FX Trading, Currency Exchange Market.
https://preview.redd.it/uostkwkamjl31.jpg?width=450&format=pjpg&auto=webp&s=a1207c6a1cc29eb45a855d100783a90e1966f697
http://tradeziforex.com/
Forex Trading |Forex Trading In India | Forex Markets
Forex Brokers | Forex Trading Demo Account | Forex Trading Platform
Forex Companies|Forex Trading Online| How to Start Forex Trading
Forex Trading For Beginners| Forex Trading Tutorial |Forex Trading in Delhi
Foreign Exchange Market |TradeZi Forex | Currency Exchange Market
what is Forex | Forex News |Forex Signals | top 10 Forex Signal Providers
Free daily Forex Signals | top 10 Forex Traders | Forex Market News
Forex Brokers In india |Forex Broker in Dubai | Top 10 Forex Brokers
Best Forex Trading Forex Brokers | FX Trading | What is Forex Trading
Forex Review |Forex Trading Review|Forex Market Online
#forex, #money, #news, #bitcoin, #trading, #entrepreneur, #forextrader, #success, #forextrading, #investment, #invest, #cryptocurrency, #binaryoptions, #finance, #trader, #crypto, #startup, #binary, #business, #stocks, #broker, #fx, #investor, #binaryoption, #investing, #forexsignals, #blockchain, #makemoney, #stockmarket, #forexlifestyle, #forexlife, #daytrader, #forexmarket, #Forex, #trade, #london, #leadership, #tradeforex, #traderlifestyle, #cryptocurrencies,
#Exchange, #Online, #Foreign, #Exchange, #India, #signal, #account
submitted by TradeziForex to u/TradeziForex [link] [comments]

Forex Trading in Delhi

Forex Trading in Delhi
Tradeziforex : providing Forex Trading platform to invest in Foreign Currency Exchange Market.
Tradeziforex : leading Forex Brokers Companies in Delhi, Dubai, India. providing Forex Trading, News, Signal, FX Trading, Currency Exchange Market.
https://preview.redd.it/w9i7x3y3xqk31.jpg?width=1350&format=pjpg&auto=webp&s=8de4b0e8a7284108b67254d58f624d160f564a5b
http://tradeziforex.com/
Forex Trading | Forex Trading In India | Forex Markets
Forex Brokers |Forex Trading Demo Account | Forex Trading Platform
Forex Companies |Forex Trading Online| How to Start Forex Trading
Forex Trading For Beginners | Forex Trading Tutorial | Forex Trading in Delhi
Foreign Exchange Market | TradeZi Forex | Currency Exchange Market
what is Forex |Forex News | Forex Signals|top 10 Forex Signal Providers
Free daily Forex Signals| top 10 Forex Traders|Forex Market News
Forex Brokers In india |Forex Broker in Dubai |Top 10 Forex Brokers
Best Forex Trading Forex Brokers |FX Trading | What is Forex Trading
Forex Review|Forex Trading Review | Forex Market Online
#forex, #money, #news, #bitcoin, #trading, #entrepreneur, #forextrader, #success, #forextrading, #investment, #invest, #cryptocurrency, #binaryoptions, #finance, #trader, #crypto, #startup, #binary, #business, #stocks, #broker, #fx, #investor, #binaryoption, #investing, #forexsignals, #blockchain, #makemoney, #stockmarket, #forexlifestyle, #forexlife, #daytrader, #forexmarket, #Forex, #trade, #london, #leadership, #tradeforex, #traderlifestyle, #cryptocurrencies, #Exchange, #Online, #Foreign, #Exchange, #India, #signal, #account
submitted by TradeziForex to u/TradeziForex [link] [comments]

Forex News

Forex News
Tradeziforex : providing Forex Trading platform to invest in Foreign Currency Exchange Market.
Tradeziforex : leading Forex Brokers Companies in Delhi, Dubai, India. providing Forex Trading, News, Signal, FX Trading, Currency Exchange Market.
https://preview.redd.it/p1nvz215zxi31.jpg?width=1350&format=pjpg&auto=webp&s=9677780f43a2fd21ef1fd19e4d41a558227bc7e7
http://tradeziforex.com/
Forex Trading|Forex Trading In India | Forex Markets
Forex Brokers| Forex Trading Demo Account|Forex Trading Platform
Forex Companies | Forex Trading Online |How to Start Forex Trading
Forex Trading For Beginners|Forex Trading Tutorial|Forex Trading in Delhi
Foreign Exchange Market | TradeZi Forex | Currency Exchange Market
what is Forex | Forex News |Forex Signals|top 10 Forex Signal Providers
Free daily Forex Signals |top 10 Forex Traders |Forex Market News
Forex Brokers In india |Forex Broker in Dubai| Top 10 Forex Brokers
Best Forex Trading Forex Brokers|FX Trading|What is Forex Trading
Forex Review|Forex Trading Review |Forex Market Online

#forex, #money, #news, #bitcoin, #trading, #entrepreneur, #forextrader, #success, #forextrading, #investment, #invest, #cryptocurrency, #binaryoptions, #finance, #trader, #crypto, #startup, #binary, #business, #stocks, #broker, #fx, #investor, #binaryoption, #investing, #forexsignals, #blockchain, #makemoney, #stockmarket, #forexlifestyle, #forexlife, #daytrader, #forexmarket, #Forex, #trade, #london, #leadership, #tradeforex, #traderlifestyle, #cryptocurrencies,
#Exchange, #Online, #Foreign, #Exchange, #India, #signal, #account
submitted by TradeziForex to u/TradeziForex [link] [comments]

What is Forex Trading in Hindi  Is Forex Trading Legal in India? [Beginners Tutorial 2018] Is Forex Trading Legal in India ? - Detailed Video - YouTube Earn Lakh's in Month?  Forex Trading Basics Details in ... Q&A on NRI Forex & Property Investments In India - YouTube FOREX TRADING START INDIA  MAKE MONEY

Forex trading is basically exchange of currency from one to another, forex trading in India has gained much fame due to increase in trend of Forex Trading from India. In our site ForexSp complete guideline in provided about forex trading for beginners. In Forex trading for beginners complete guideline is provided to all the traders who have just started their Forex account. There are different ... Forex › Dollar rallies as ... The Japanese yen - seen by investors as a safe bet - was one of the few currencies to hold its ground against the dollar. It was last flat at 107.530 yen, as even the Swiss franc fell 0.6%. The Fed on Tuesday broadened access to dollars for dozens of foreign central banks. "Markets appear to have transited through stage 1, the value-at-risk position clearing ... Forex trading hours in India. Forex market trading is related to open and close sessions of NY, Sydney, Asia, Europe. Alright, you now have an understanding regarding the various sessions and why trading through high liquidity periods is significant. Now we can begin to understand the clock of the Forex market, including the opening and closing ... The company forex-investments.ltd was founded in 2015 by a group of professional FOREX traders with the aim of accumulating assets of several large investors for the most efficient trading on the currency and stock markets. Since the founding of forex-investments.ltd, our principles have been absolute transparency, dedication to our clients, as well as a complete understanding of the features ... India’s foreign exchange reserves are rising and are slated to hit the $500 billion mark soon. In the last month, it jumped by $12.4 billion to an all-time high of $493.48 billion. Aspirants must make a note here: 1.Authority managing FOREX in India. 2.Components of FOREX. 3.IMF’s SDRs. 4.Emergency use of FOREX. Rising above the 1991 crisis His other blue-chip stocks in the portfolio are 3M India, Bluedart, India cements, Sundaram Finance, TV today, Advani hotels, Tv18, etc. Radhakishan Damani is surely one of the top investors in India. 3. Raamdeo Agrawal: Raamdeo Agrawal. He is co-founder of Motilal Oswal and also one of the most respected persons in the stock market at present ... EBIXCASH WORLD MONEY INDIA LIMITED (ERSTWHILE WEIZMANN FOREX LIMITED) Forbes Building , Ground Floor, East Wing, Charanjit Rai Marg, Fort, Mumbai 400001 022 - 62881500 Corporate Address : EBIXCASH WORLD MONEY INDIA LIMITED (ERSTWHILE WEIZMANN FOREX LIMITED) EBIX House, Manek Plaza, Kalina, CST Road, Vidya Nagri Marg, Kalina, Santacruz (East) Mumbai 400 098. PhillipCapital is the leading Forex Trading Service Providers in India. We offer local expertise, international perspective to the foreign institutional investors, along with various other benefits. India Forex Brokers Comparison. Compare India authorised forex and CFDs brokers side by side using the forex broker comparison tool or the summary table below. This broker list is sorted by the firm's ForexBrokers.com Trust Score. Forex Broker Accepts IN Residents Average Spread EUR/USD - Standard Minimum Initial Deposit Trust Score Overall Visit Site; Saxo Bank: Yes: 0.800: $10,000.00: 99: 5 ... Tradeziforex is a leading Forex Brokers in Delhi, Dubai, India. providing Forex Trading News, Signal, FX Trading, Forex Market Online. [email protected] +44-7452241119; Toggle navigation . Home; About Us; What is Forex; How it Works; Risk_Disc; FAQ; News . Testimonial; VIPSignals; CopyTrading; Contact Us ‘WATCH, FOLLOW & PROFIT TOGETHER’ TRADE THE MARKETS BY FOLLOWING THE SIGNALS ...

[index] [12511] [24771] [18819] [17436] [19031] [20407] [17360] [14507] [27468] [27729]

What is Forex Trading in Hindi Is Forex Trading Legal in India? [Beginners Tutorial 2018]

Is Forex Trading Legal or Illegal in India? Can I go to Jail for trading Forex in India? This video explains in detail what is the Confusion regarding Forex ... Visit - http://bit.ly/OctaFX_EARN , 50% bonus and $5000 on your demo-account. Start earning big money with OctaFX💰 Earn Lakh's in Month! Forex Trading Basi... We will discuss here viewer questions related to NRI forex & property investments in India besides matters related matters besides filing income tax return o... You should always do your research before making any investment. You should also understand the risks of investing. This is all speculative based investing. we will not responsible for any loss. Forex trading India is the Foreign Exchange Global decentralized market or Over the counter (OTC) exchange market for the trading of Currencies. Here you can buy and sell currencies to earn the ...

http://arab-binary-option.tiewaimi.tk