- Indian equity markets have risen 2.3% in the past week and 15% year-to-date due to positive macroeconomic data. Q3 results saw no major negatives.
- HSBC's PMI for India in January was at a six-month high of 57.2. Auto companies showed a strong rebound, especially in four-wheelers and industrial segments. Tractor maker M&M delivered robust results.
- The document maintains a positive outlook on equity markets for the year expecting 20-25% returns given improving global and domestic macroeconomic conditions.
The Union Budget presented by Finance Minister Mr. Arun Jaitley, with the muted expectation, it was a good budget considering the local and global financial constraints. The budget stuck to the path of fiscal consolidation. The Government targets to narrow the central fiscal deficit to 3.5% in 2016-17, after having comfortably met its 3.9% target for 2015-16.
The Indian economy was facing Agrarian distress for the past 3 years. This was primarily because the Minimum Support Prices were raised by less than 5% every year in the backdrop of MSP increases between 12% -16% between 2005 and 2013. This was the primary reason for inflation being in double digits since 2009. By keeping the MSP increases below 5% the food prices continue to be under control and the CPI has remained below the RBI’s threshold of 6%. On this backdrop, the government’s decision on focusing on social sector spending was welcome.
The Union Budget presented by Finance Minister Mr. Arun Jaitley, with the muted expectation, it was a good budget considering the local and global financial constraints. The budget stuck to the path of fiscal consolidation. The Government targets to narrow the central fiscal deficit to 3.5% in 2016-17, after having comfortably met its 3.9% target for 2015-16.
The Indian economy was facing Agrarian distress for the past 3 years. This was primarily because the Minimum Support Prices were raised by less than 5% every year in the backdrop of MSP increases between 12% -16% between 2005 and 2013. This was the primary reason for inflation being in double digits since 2009. By keeping the MSP increases below 5% the food prices continue to be under control and the CPI has remained below the RBI’s threshold of 6%. On this backdrop, the government’s decision on focusing on social sector spending was welcome.
A general take on the Modi-phenomenon that has swept the stock markets! With structural changes finally being implemented by the new government we can expect a decade of massive growth. First uploaded as an Instablog on SeekingAlpha in September
Weekly News: The government cancels approvals of nine SEZ - SMCIndiaNotes.com
The government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no "satisfactory" progress was made to execute the projects.
A general take on the Modi-phenomenon that has swept the stock markets! With structural changes finally being implemented by the new government we can expect a decade of massive growth. First uploaded as an Instablog on SeekingAlpha in September
Weekly News: The government cancels approvals of nine SEZ - SMCIndiaNotes.com
The government has cancelled approvals of nine special economic zones, including that of Hindalco Industries, Essar and Adani as no "satisfactory" progress was made to execute the projects.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
what is the best method to sell pi coins in 2024DOT TECH
The best way to sell your pi coins safely is trading with an exchange..but since pi is not launched in any exchange, and second option is through a VERIFIED pi merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and pioneers and resell them to Investors looking forward to hold massive amounts before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade pi coins with.
@Pi_vendor_247
how to sell pi coins on Bitmart crypto exchangeDOT TECH
Yes. Pi network coins can be exchanged but not on bitmart exchange. Because pi network is still in the enclosed mainnet. The only way pioneers are able to trade pi coins is by reselling the pi coins to pi verified merchants.
A verified merchant is someone who buys pi network coins and resell it to exchanges looking forward to hold till mainnet launch.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
Financial Assets: Debit vs Equity Securities.pptxWrito-Finance
financial assets represent claim for future benefit or cash. Financial assets are formed by establishing contracts between participants. These financial assets are used for collection of huge amounts of money for business purposes.
Two major Types: Debt Securities and Equity Securities.
Debt Securities are Also known as fixed-income securities or instruments. The type of assets is formed by establishing contracts between investor and issuer of the asset.
• The first type of Debit securities is BONDS. Bonds are issued by corporations and government (both local and national government).
• The second important type of Debit security is NOTES. Apart from similarities associated with notes and bonds, notes have shorter term maturity.
• The 3rd important type of Debit security is TRESURY BILLS. These securities have short-term ranging from three months, six months, and one year. Issuer of such securities are governments.
• Above discussed debit securities are mostly issued by governments and corporations. CERTIFICATE OF DEPOSITS CDs are issued by Banks and Financial Institutions. Risk factor associated with CDs gets reduced when issued by reputable institutions or Banks.
Following are the risk attached with debt securities: Credit risk, interest rate risk and currency risk
There are no fixed maturity dates in such securities, and asset’s value is determined by company’s performance. There are two major types of equity securities: common stock and preferred stock.
Common Stock: These are simple equity securities and bear no complexities which the preferred stock bears. Holders of such securities or instrument have the voting rights when it comes to select the company’s board of director or the business decisions to be made.
Preferred Stock: Preferred stocks are sometime referred to as hybrid securities, because it contains elements of both debit security and equity security. Preferred stock confers ownership rights to security holder that is why it is equity instrument
<a href="https://www.writofinance.com/equity-securities-features-types-risk/" >Equity securities </a> as a whole is used for capital funding for companies. Companies have multiple expenses to cover. Potential growth of company is required in competitive market. So, these securities are used for capital generation, and then uses it for company’s growth.
Concluding remarks
Both are employed in business. Businesses are often established through debit securities, then what is the need for equity securities. Companies have to cover multiple expenses and expansion of business. They can also use equity instruments for repayment of debits. So, there are multiple uses for securities. As an investor, you need tools for analysis. Investment decisions are made by carefully analyzing the market. For better analysis of the stock market, investors often employ financial analysis of companies.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
Currently pi network is not tradable on binance or any other exchange because we are still in the enclosed mainnet.
Right now the only way to sell pi coins is by trading with a verified merchant.
What is a pi merchant?
A pi merchant is someone verified by pi network team and allowed to barter pi coins for goods and services.
Since pi network is not doing any pre-sale The only way exchanges like binance/huobi or crypto whales can get pi is by buying from miners. And a merchant stands in between the exchanges and the miners.
I will leave the telegram contact of my personal pi merchant. I and my friends has traded more than 6000pi coins successfully
Tele-gram
@Pi_vendor_247
where can I find a legit pi merchant onlineDOT TECH
Yes. This is very easy what you need is a recommendation from someone who has successfully traded pi coins before with a merchant.
Who is a pi merchant?
A pi merchant is someone who buys pi network coins and resell them to Investors looking forward to hold thousands of pi coins before the open mainnet.
I will leave the telegram contact of my personal pi merchant to trade with
@Pi_vendor_247
Exploring Abhay Bhutada’s Views After Poonawalla Fincorp’s Collaboration With...beulahfernandes8
The financial landscape in India has witnessed a significant development with the recent collaboration between Poonawalla Fincorp and IndusInd Bank.
The launch of the co-branded credit card, the IndusInd Bank Poonawalla Fincorp eLITE RuPay Platinum Credit Card, marks a major milestone for both entities.
This strategic move aims to redefine and elevate the banking experience for customers.
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
2. Equity View:
Indian equity markets have moved up by 2.3% during the last week. From the beginning of the year Indian markets have
rallied upwards by 15% because of positive and strong macro economic data. Last week, there were no major negative
surprises in the Q3 results declared.
HSBC’s PMI date for the month of January came at 57.2 which is six month high for India. The monthly numbers for the
Auto companies have shown a strong bounce back specially the four-wheelers and Industrial auto segments. Tractor
companies like Mahindra & Mahindra delivered a very robust set of numbers and hence we expect positive movement to
continue going forward.
The NPA cycle which was feared has been played out especially in PSU bank names; NPAs for PSU banks should bottom
out this quarter and hence, we continue to maintain a positive view on PSU banks and Infrastructure names specially
those names which are present in the Construction and Road space. We are cautious on Power space as this sector
continues to see huge losses carried forward by State Electricity Boards.
The un-employment data of US was released last week. The rate has come down to 8.3% in month of January, which is
the lowest in last 3 years. The equity markets in US have been rallying very strongly with NASDAQ hitting an 11 year high
and Dow Jones is trading at best levels since May 27 2008. So, globally the returns have increased with very strong rally
in all the risky assets including commodities and equities. Our view is that this positive movement will continue as the
macro economic data continues to improve in US and negative data points from Europe continue to cool off.
th
The European Central Bank has taken liquidity enhancement measures since the beginning of this year. On 29 Feb 2012,
there is one big LTRA event, where in it is expected that ECB will lend to European Banks which would take care of
immediate financing requirements of major European Governments. We believe that would infuse further liquidity and
give boost to the Euro denominated carry trade which has been happening around the world since last six weeks.
We continue to be positive on equity markets this year as we mentioned in the beginning of this calendar year that we
expect the equity markets to give return of around 20 to 25%. Also, the kind of macro economic news from India and
across the world is coming; there is a significant chance that this rally might continue going forward.
News:
DOMESTIC MACRO:
India's food price index declined 1.03% in the year to January 14, compared with an annual drop of 0.42%in the
prior week.
India's consumer price index (CPI) rose 6.49% in December from a year earlier, sharply slower than November's
annual rise of 9.34%.
The HSBC Business Activity Index bounced to 58.0 in January from 54.2 in December. India's services sector grew
at its fastest pace in six months during January as new business swelled, extending the previous couple of
months' positive trend into the new calendar year
India's December exports rose an annual 6.7% to $25 billion, while imports for the month rose 19.8% to $37.8
billion, leaving a trade deficit of $12.7 billion
India's economy is expected to grow by 7 to 7.5 percent in the current fiscal year ending March, Prime Minister
Manmohan Singh said in a speech on Friday.
The Reserve Bank of India's choice of securities to buy in open market operations is not aimed at reducing the
cost of borrowing for the government but to ensure an adequate supply of liquidity in the banking system,
Deputy Governor Subir Gokarn said.
3. GLOBAL MACRO
Euro:
Greece's prime minister will call the country's political leaders in the next few days to seek backing for more
austerity after the International Monetary Fund warned this was the key to securing the new bailout Athens
needs to avoid a messy default.
Markit's Eurozone Manufacturing Purchasing Managers' Index (PMI) rose to 48.8 last month from December's
46.9, recording its sixth month below the 50 mark that divides growth from contraction.
Joblessness among the 17 countries sharing the single currency rose to 10.4% in December. Euro zone
unemployment has risen to its highest level since before the euro was introduced; data showed on Tuesday, a
day after EU leaders promised to focus on creating millions of new jobs to try to kickstart Europe's floundering
economy.
US:
The jobless rate fell to 8.3% in January - the lowest since February 2009 - from 8.5 percent in December.
Federal Reserve Chairman Ben Bernanke on Thursday defended the U.S. central bank's policies against charges
from Republican lawmakers they risked sparking inflation, saying the economy still needs plenty of support.
The United States is headed for a fourth straight year with a $1 trillion-plus budget deficit, congressional
forecasters said on Tuesday, giving ammunition to Republicans to hammer President Barack Obama's spending
record in November's elections.
China:
Chinese Premier Wen Jiabao raised hopes in Europe when he pledged to consider deepening Chinese
participation in European bailout funds, but there is little indication that China is prepared to go out on a limb
with a direct contribution. For Europe, China's direct support of its funds would be a welcome vote of
confidence from outside the bloc as well as increasing the amount it could draw on directly.
China's factory sector expanded slightly in January, confounding expectations for a contraction and supporting
hopes the world's second-biggest economy will avoid a hard landing, a government purchasing managers' index
showed. The official PMI rose to 50.5 in January from 50.3 in December
4. Swapnil Pawar Varun Goel Jharna Agarwal
Palak Nanjani Abbas Naheed Kanika Khorana
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