We are what we are !!

M y humble learnings: Maths- every problem has a solution and basically can be solved mentally, Music - relaxes and soothens your nerves and learning it improves your innovativeness in problem solving and  English - gives you lot of confidence to face your bros and bosses, gets you respect when you articulate clearly in English with little bit of humour sprinkled! it's literature is a gateway to know the world at large!மூச்சு வாங்குது! <=><=><=><=><=><=> WWW- We all know it is World Wide Web. Mundaka upanishad says Brahmam is like a Spider designing its web and generates the raw material itself to create the universe! So the Universe is a WWW- W isvam, W ishnur, W ashatkaro-Web!He also strides and measures the Universe-Wishwam, in 3 (www) steps!Even Bhagavatam extols the all pervading Bhagawan as " As the spider very easily creates the network of its cobweb and manifests its power of creation without being vanquished by others, so also you y...

Indian Inflation no. in June 23  India's June CPI increased slightly to 4.81%, from 4.25% in May. This is still within the Reserve Bank of India's (RBI) tolerance band of 2-6%, but it is the highest level since March 2023. The increase in inflation was driven by a rise in vegetable prices, which rose by 19.19% in June. Other food items that saw a rise in prices include cereals (12.7%), pulses (10.5%), and meat and fish (6.9%). Based on the June inflation number, the RBI may do the following: Keep interest rates unchanged in August .  The RBI is likely to keep interest rates unchanged in its next monetary policy review in August, as it will want to assess the impact of the recent rate hikes before taking any further action. However, if inflation continues to rise, the RBI may be forced to raise rates again in September or October. Signal a rate hike in August.  The RBI may signal a rate hike in August, even if it does not actually raise rates at that time. This would send ...

The Supreme Court has upheld the constitutional validity of the Securities and Exchange Board of India (SEBI)'s 2018 amendment of the Companies Act, 2013, which requires companies to disclose the ultimate beneficial ownership (UBO) of their shares. In a judgment delivered on March 8, 2022, the Supreme Court held that the amendment is a reasonable restriction on the right to privacy and is necessary to prevent money laundering and other financial crimes. The Court also held that the amendment does not violate the right to equality, as it is equally applicable to all companies, regardless of their size or ownership structure. The amendment was challenged in a petition filed by the Association of Corporate Affairs Professionals of India (ACAPI), which argued that it was unconstitutional and would violate the right to privacy of shareholders. The ACAPI also argued that the amendment was unnecessary, as the existing laws were sufficient to prevent money laundering and other financial cr...

  The total sales of two-wheelers in India in June 2023 was 14,36,245 units, a decline of 7.54% from May 2023 and 103,576 units from June 2022. The top five two-wheeler manufacturers in India in June 2023 were: Hero MotoCorp (5,47,912 units) Honda Motorcycle and Scooter India (3,24,093 units) TVS Motor Company (3,02,077 units) Bajaj Auto (2,41,112 units) Royal Enfield (32,202 units) The electric two-wheeler segment also saw a decline in sales in June 2023, with 45,734 units sold, a decrease of 56.58% from May 2023. The decline in two-wheeler sales in June 2023 was attributed to a number of factors, including: Rising fuel prices High interest rates Economic slowdown Reduction in FAME subsidy for electric two-wheelers Despite the decline, the two-wheeler industry in India is still expected to grow in the coming years. The rising population, increasing urbanization, and growing disposable incomes are all expected to boost demand for two-wheelers in India The total export of two-wheele...

  The GST collections trend in India upto June 2023 in FY23-24: April 2023:  Rs. 1,87,035 crore (highest ever) May 2023:  Rs. 1,57,079 crore June 2023:  Rs. 1,61,497 crore The average monthly gross GST collection for the first half of FY23-24 is Rs. 1,69,000 crore. This is 12% higher than the average monthly collection for the same period in FY22-23. The GST collections have been consistently growing in the current financial year. This is due to a number of factors, including the strong growth of the Indian economy, the increasing compliance with the GST law, and the government's efforts to boost digitization and transparency in the tax system. The average monthly gross GST collection for the first quarter of the FY 2021-22, FY 22-23 & FY 23-24 are Rs. 1.10 lakh crore, Rs. 1.51 lakh crore and Rs. 1.69 lakh crore respectively, the finance ministry said. The gross revenue has crossed the 1.6 lakh crore mark for the fourth time since the inception of GST in the coun...

The Reserve Bank of India (RBI) released its 25th Financial Stability Report (FSR) on June 28, 2023. The report assessed the state of the Indian financial system and identified the key risks to its stability. The report found that the Indian financial system is broadly stable, but there are some risks that need to be monitored. These risks include: The rising debt levels of the corporate sector and some retail sector like credit cards which are unsecured. The increasing interconnectedness of the financial system. The potential for a sharp correction in asset prices due to global recession in the coming months The report also noted that the RBI is taking steps to mitigate these risks. These steps include: Raising the capital requirements for banks. Strengthening the regulation of non-banking financial companies. Increasing the resilience of the financial system to shocks by doing Stress tests at periodic intervals. Here are some of the key highlights of the report: The gross non-perform...

                                GDP growth projections by Global Institutions of Advanced Economies and Emerging Market Economies including India are given in Table 1 herein below: Table 1: The above chart indicates that the GDP growth of Indian economy in Calendar year 2023 has  been revised upwards by OECD from 5.7% to 6% and downwards by World Bank from 6.6% in Jan 2023 to 6.3% in June 2023. The convergence is between 6-6.3% with RBI and Department of Economic Affairs of Ministry of Finance are projecting 6.5% growth in FY2024 with risks evenly balanced.IMF is projecting at below 6% .However all these forecasts are showing slowdown from the growth attained in the last two fiscal years at 9.1% in FY22 and 7.2% in FY23.  Table 2: Key Fiscal Indicators (as a  per cent of GDP)    Indicator 2021-22 2022-23 2023-24 Actuals ...