News Analysis India

Tag: significantly

  • Car sales in Chhattisgarh more than last year, automobile sector continues to shine

    Chhattisgarh’s automobile sector continues to be a rage. More cars have been sold in the state in January 2021 as compared to January 2020. In January last year, where 4523 cars were sold in the state, 4644 cars have been sold in the month of January this year. This number is more than the number of 4233 cars sold in the month of December.

    Significantly, there is a slowdown in the country due to the Corona crisis, but the state has remained untouched by its impact. During this period, the automobile sector of the state as well as other sectors have registered steady growth. The markets here have been in the limelight due to the schemes implemented by the state government led by Chief Minister Bhupesh Baghel to strengthen the rural economy as well as increase the income of farmers and forest dwellers. This year the government has procured over 93 lakh metric tonnes of paddy at the support price.

    Due to which the record of paddy purchase of the last 20 years has been broken. Along with this, under the Rajiv Gandhi Kisan Nyay Yojana, 19 lakh farmers are being benefited with an exchange of Rs. 5750 crore at the rate of Rs. 10 thousand per acre. Under this scheme, the government had decided to pay the relief amount in four installments, of which 4500 crore rupees have been paid in three installments.

  • Chamber struggle, Jai trade and merchant development together

    As soon as the electoral process starts, the electoral battle of the Chhattisgarh Chamber of Commerce is intensifying. After the Trader Progress Panel, the Trader Development Panel has also announced its support to the Jai Trading Panel.

    In this regard, a meeting was held on Saturday evening between the President of Jai Trade Panel, Amar Parvani and the President of Merchant Development Panel, UN Aggarwal, and in this meeting there was agreement between the two. Trade sources say that the business unity panel will get a big shock as Jai Business and Merchant Development come together.

    The biggest reason for this is that in the Chamber elections, caste issues are also seen along with business issues and business interests. It is worth mentioning that even before this, the Merchant Progress Panel has given its support to Jai Trade Panel.

    Thus, after the two business panels are held together, it has been decided that Amar Parvani and Yogesh Agarwal will have a direct fight for the state president in the chamber elections. At the same time, for the State General Secretary, there will be a competition between Ajay Bhasin and Rajesh Vaswani and for the State Treasurer, Uttam Golcha and Nikesh Baria.

  • 11,24,334 quintals of paddy purchased so far in the district on support price

    Under the guidance of Mahadev Kavre, 11,24,334 quintals of paddy have been purchased out of 22,392 farmers registered so far in the district on support price. It is noteworthy that paddy is being purchased at the support price in 30 procurement centers in the district.
    Under this, 6080.40 quintal in Paddy Procurement Center Ara, 12827.20 quintal in Aasta, 56120.80 quintal in Kunkuri, 15870.80 quintal in Goria, 47326 quintal in Kurog, 29750.40 quintal in Shahirand, 28850 quintal in Kerakachhar, 58389.60 quintal in Kasambel, 58389.60 quintal. 70537.60 quintal in Kilkila, 79738.40 quintal in Kotba, 26987.20 quintal in Jamjhore, 414.40 quintal in Konpara, 95598.40 quintal in Ganjadih, 29184.80 quintal in Gamhariya, 57174 quintal in Ghaziabathan, Chonwargarh. 48164.40 quintal in Tamta, 30145.60 quintal in Duldula, 22362.40 quintal in Narayanpur, 21078 quintal in Pandarapath, 74444 quintal in Pathalgaon, 62649.60 quintal in garden, 34848.40 quintal in Baghbahar, 23396 quintal in Manora, Lunki. And 28587.20 quintal of paddy has been purchased in Sanna.

  • Petrol and diesel prices increased again on second day, 15 paise per liter costlier

    In the domestic market, after a 48-day break in the price of petrol and diesel, today the prices of petrol and diesel have increased for the second consecutive day. Government oil companies have increased the price of petrol by 15 paise per liter in Delhi today, while diesel has also been increased by 20 paise per liter. On Saturday, petrol in Delhi reached Rs 70.88 per liter and diesel at Rs 81.38.

    Significantly, the fire started in petrol prices from the beginning of the second fortnight of August, it was continued till last September. If you talk about Delhi, then in the last 13 installments, petrol became 1.65 paise per liter expensive. After remaining stable for a few days after that, after September 10, there was a stagnation of shortfall and in last month it has decreased by Rs 1.19.

    Diesel became expensive for the last time on 25 July in Delhi. After that on July 31, Delhi government reduced VAT on it, then it was cheaper by Rs 8.38 per liter. Then from August 3 onwards, its price was either cut or it remained stable. This makes diesel 3.10 per liter more cheaper.

  • Gold prices fall significantly, silver rises; Know what is going on

    New Delhi: In the last trading session of this week, gold fell by Rs 252. According to HDFC Securities, the gold price in the national capital on Friday stood at Rs 52,155 per 10 grams. In the previous session, the closing price of gold was at Rs 52,407 per 10 grams. There was a decrease in the price of gold amid the rise in the value of the rupee against the US dollar. On Friday, the rupee rose by 43 paise to reach 73.39 per dollar in the currency market due to continued investment by foreign investors and the weakening of the US dollar.   

    HDFC Securities Senior Analyst (Commodities) Tapan Patel said, “Despite the recovery in the gold rate internationally due to the strengthening of the rupee, the prices of 24-carat gold fell to Rs 252 in Delhi. ” 

    Silver Rate

    Silver prices surged by Rs 462 due to increased demand amid falling gold prices. According to HDFC Securities, the silver price reached Rs 68,492 per kg in the last trading session of the week. In the previous session, silver was priced at 68,030 per kg.

    Gold, silver prices in international market

    According to Patel, there was a rise in gold prices globally amid concerns related to economic growth. Internationally, gold was trending at $ 1,949 an ounce. Similarly, silver was trading at $ 27.33 an ounce.  

    Gold rate in the futures market

    On the Multi Commodity Exchange, gold for delivery in October was up by Rs 268, or 0.53 per cent, to Rs 51,170 per ten grams. It traded for 15,624 lots. Analysts said the yellow metal prices rose sharply due to increased participants’ deals. 

    Silver Price in Futures Trading

    In view of the strong demand in the spot market, silver prices in futures trading rose sharply on Friday due to increasing participants’ deals. Silver for delivery in September on the Multi Commodity Exchange rose by Rs 617, or 0.95 per cent, to Rs 65,807 per kg. It traded for 6,915 lots.