Rakesh Kumar Singhal 공인회계사 라케시 쿠마르 싱할 ラケシ　クマール　シング ראקש קומאר

Chartered Accountant ( 公認会計士) (공인 회계사 )(CONTABILISTAS) (CONTADORES PÚBLICOS) (ДИПЛОМИРОВАННЫЕ БУХГАЛТЕРЫ СЧЕТОВОДИТЕЛИ) (会计师事务所) (COMPTABLES CHARTERES) (WIRTSCHAFTSPRÜFER) (сметководители) (MUHASEBE MÜTEAHHİTLİĞİ) (محاسبون قانونيون) (CHARTERED AKUNTAN)(Geoktrooieerde Rekenmeesters)(registeraccountants)(RAGIONIERI REGISTRATI)חשבונות רואי חשבון) (This blog is non-commercial and is used here to put important news only for the educational purpose of Students doing CA and CS.

Sunday, September 24, 2023

"Ukraine War Fatigue" Looms Over Elections Across the Globe | Vantage wi...

'Don't Dare To Insult': Warsaw Warns Zelensky; Ukraine's Friend Poland T...

Why Poland and Ukraine Have Fallen Out

Poland's Prime Minister Tells Ukraine's Zelensky 'Never To Insult Poles.

Why has Poland Stopped Supplying Weapons to Ukraine? | Vantage with Palki.

Russia Missile Barrage On Ukraine After Crimea Attack, Poland Halts Arms supply to Ukraine

HONOURABLE P.M.OF POLAND-A WORD OF CAUTION FOR YOU.

DEAR SIR,

GREETINGS FROM INDIA!

I WAS WATCHING LATEST NEWS ON TELEVISION HERE IN INDIA REGARDING POSITIONING OF HUGE MILITARY PERSONNEL ALONGSIDE THE BORDER WITH BALARUS AND PROBABILITY OF WAR BETWEEN POLAND AND BALARUS (BACKED BY RUSSIA ).

NOW MY SINCERE ADVISE TO YOU SIR IS:-

1.POLAND SUFFERED A LOT AT THE HANDS OF GERMANS AND RUSSIANS AS PER HISTORY.

2.AFTER LONG TIME POLISH PEOPLE ARE ENJOYING THEIR FREEDOM WHICH I OBSERVED WHILE STAYING AT POLAND.

3.ALTHOUGH POLAND IS PART OF NATO BUT DO NOT BECOME PUPPET AT THE HANDS OF USA LIKE PRESIDENT OF UKRAINE AND DESTROY THE BEAUTIFUL COUNTRY AND PEOPLE.

I CALL MR.ZELENSKY AN IMMATURE PERSON WHO BECAME PUPPET AT THE HANDS OF NATO OR RATHER USA AND JUST DESTROYED HIS BEAUTIFUL COUNTRY AND PEOPLE.HE GAINED NOTHING.

4.YOU ARE SINCERELY ADVISED NOT TO ESCALATE THE TENSIONS AT BORDER AND TRY TO AVOID WAR WHICH SHALL BE VERY EXPENSIVE AND USA WILL ONLY CLAP AND YOUR COUNTRY WILL BECOME SLAVE AT THE HANDS OF USA.

USA HAD BEEN BIGGEST DISRUPTOR FOR MANY REGIONS OF THE WORLD DUE TO ITS STRONG ARMS DEALERS LOBBY AND JUST READ THE HISTORY OF VIETNAM-AFGHANISTAN-IRAQ-JAPAN AND EVEN PAKISTAN AND INDIA CONFLICTS.

JUST BE CAREFUL BEFORE YOU GET YOUR YOUNG SOLDIERS KILLED IN BALTIC AREA AND YOU MUST UNDERSTAND THE TRAP OF USA.WAR WILL NOT BE ANY SOLUTION AS UKRAINE BECAME JUST A TOOL AND TESTING GROUND OF USA SUPPLIED WEAPONS.

REST DEPENDS UPON YOUR OWN DECISION AS P.M.OF POLAND.I WISH ONLY PROGRESS AND PEACE FOR THE POLISH PEOPLE.

Friday, September 22, 2023

JPMorgan to add India to its emerging-markets bond index in June 2024 India's addition to a major global gauge will give global investors greater access to the world's fastest-growing large economy that offers some of the highest returns in the region :-Business Standard Sep 22,2023

By Subhadip Sircar and Matthew Burgess

JPMorgan Chase & Co. will add Indian government bonds to its benchmark emerging-market index, a keenly awaited event that could drive billions of foreign inflows to the nation’s debt market.

The index provider will add the securities to the JPMorgan Government Bond Index-Emerging Markets starting June 28, 2024. The South Asian nation will have a maximum weight of 10% on the index, according to a statement Thursday.

Index inclusion follows “the Indian government’s introduction of the FAR program in 2020 and substantive market reforms for aiding foreign portfolio investments,” the team led by the firm’s global head of index research, Gloria Kim, said in a statement. Almost three-quarters of benchmark investors surveyed were in favor of India’s inclusion in to the index, they said.

India’s addition to a major global gauge will give global investors greater access to the world’s fastest-growing large economy that offers some of the highest returns in the region. The inclusion may also prompt flows of as much as $30 billion, according to HSBC Holdings Plc.

Thursday, September 21, 2023

India suspends visa services for Canadians amid heightened tensions | WI...

Gurpatwant Singh Pannun gives open threat to Hindus in Canada l WION ORI...

India vs Canada: Reaction from China can SH0CK you... | Karolina Goswami

India-Canada diplomatic row: Canada Pension Plan Portfolio owns stake in these 6 Indian stocks :-ET Markekts

Ritesh Presswala

, ETMarkets.com|

Sep 21, 2023, 01:34:21 PM IST

1/7

Portfolio Tracker

The ongoing diplomatic tension between India and Canada has brought into limelight Canadian investments in India. The Canada Pension Plan Investment Board currently possesses a publicly disclosed portfolio of six stocks in the Indian equity market, collectively valued at more than Rs 16,093 crore as of September 20. Here's the full list

ETMarkets.co

2/7

Zomato Price Return in FY24 so far: 96% | Close Price: Rs 100

Portfolio value in stock as of September 20: Rs 2,035 crore

Reuter

3/7

One97 Communications Price Return in FY24 so far: 34% | Close Price: Rs 853

Portfolio value in stock as of September 20: Rs 951 crore

ETMarkets.com

4/7

Delhivery Price Return in FY24 so far: 30% | Close Price: Rs 431

Portfolio value in stock as of September 20: Rs 1,891 crore

Agencies

5/7

Indus Towers Price Return in FY24 so far: 27% | Close Price: Rs 182

Portfolio value in stock as of September 20: Rs 1,066 croreencies

6/7

FSN E-Commerce Ventures Price Return in FY24 so far: 17% | Close Price: Rs 146

Portfolio value in stock as of September 20: Rs 611 crore

Agencies

7/7

Kotak Mahindra Bank Price Return in FY24 so far: 3% | Close Price: Rs 1,789

Portfolio value in stock as of September 20: Rs 9,540 crore

Xi Jinping confronts Justin Trudeau at last G20 over 'leaked' conversation

भारत के बाद Russia को गाली,किसी भी वक्त मारा जाएगा Canada | Jagmeet Singh

Gangster Lawrence Bishnoi targets one more khalistani | THE CHANAKYA DIALOGUE

Jagmeet Singh, the man who pulls Trudeau's strings on the Khalistan issue Read more at: https://economictimes.indiatimes.com

Canadian Prime Minister Justin Trudeau's brazen patronage of violent Khalistani elements in Canada is in keeping with the Canadian governments in the past protecting individuals indulging in anti-India activities. What has made it worse is Trudeau's competitive wooing of Khalistanis after a rival claimant for Khalistani votes emerged — Jagmeet Singh, the leader of the New Democratic Party (NDP) since 2017.

Trudeau and Jagmeet turned partners of sorts from rivals when after the 2021 election Trudeau's Liberal Party was able to form government with the support of Jagmeet's NDP. Now, Trudeau's government is entirely dependent on Jagmeet's support to survive.

A vocal supporter of Khalistani politics who has association with violent Khalistani leaders, Jagmeet pulls Trudeau's strings. Before NDP propped up his government, Trudeau indulged in a competitive patronising of Khalistanis since Jagmeet's sudden rise threatened Trudeau's hold on Khalistani votes. Now with his government dependent on the NDP support, Trudeau has to acquiesce to Jagmeet's virulent anti-India agenda. If you add to his acquiescing to Jagmeet his efforts to consolidate his own Khalistani votes, you have a prime minister who will jeopardise Canada's relations with India just for a few votes. But a few votes matter. Expecting thin victory margins, politicians woo small but consolidated voting blocs.

Jagmeet's rise in Canadian politics

In 2017, Jagmeet, a 38-year-old Sikh lawyer and an MLA for several years, was elected the leader of NDP, becoming the first non-white politician to head a major political party in the country. The NDP is the third-biggest party in Canada. He was elected as the NDP head to lead the party into the 2019 election against Trudeau's Liberal Party. This meant he was the prime-ministerial candidate of the party, a big achievement for the Indian diaspora in Canada. Media in India celebrated his success. He said he would focus on issues of climate change, reconciliation with indigenous peoples, and electoral reform.

Later, his win as the NDP head, with 53.6 per cent of the vote, was alleged to be rigged. It was claimed that he enrolled thousands of new members from his community solely to pad up his votes during the party election.

Born in 1979 in Scarborough, Ontario, to immigrant parents from Punjab, Singh grew up in St John's, Newfoundland and Labrador, and Windsor, Ontario. He obtained a Bachelor of Science degree in biology from the University of Western Ontario in 2001 and a Bachelor of Laws degree from York University's Osgoode Hall Law School in 2005. He worked as a criminal defence lawyer in the Greater Toronto Area before entering politics.

When Jagmeet became the NDP head and a rival of Trudeau for prime-ministership, he was feted as a Sikh with swag, a charismatic Sikh politician who wore bright turbans and sharp jackets, had social media savvy and was a vocal champion of the rights of people of colour and the LGBT community. His signature style of teaming colourful turbans with bespoke suits got him into the pages of fashion magazines such as GQ and he was called an "incredibly well-dressed rising star in Canadian politics".

Jagmeet's anti-India stance was not widely known then. Very few knew that Jagmeet was denied a visa in 2013 to visit India, apparently for his anti-India activities and his links to extremists. However, he said he was to visit Amritsar for an awards ceremony by two NGOs which had selected him for the Sikh of the Year Award. He had told TOI that the Indian government was apparently annoyed with him for "raising the voice of justice for victims of anti-Sikh riots of November 1984".

NICAI UPDATES

1. Income Tax net direct tax collection increased 23.51 per cent to over Rs 8.65 lakh crore till mid-September on higher advance tax mop-up from corporates. The net collections have reached 47.45% of the full-year budget estimates (BE) of Rs 18.23 lakh crore.

2. Non-Corpus Donations to Section 12A registered Charitable Trusts with Similar Objectives allowed. Case Name : Srimathi Laxmi Charities Vs ACIT (ITAT Chennai)

3. Income Tax Deeming section 69 doesn’t apply when the source of surrendered income proved to be business income. Case Name : Sharp Chucks and Machines Pvt. Ltd. Vs DCIT (ITAT Amritsar)

4. GSTN informs that the geocoding functionality for the "Additional Place of Business" address is now active across all States and Union Territories. This builds upon the geocoding functionality earlier implemented for the principal place of business, operational since February 2023. As on today over 2.05 crore addresses have been geocoded for both principal and additional places of business by GSTN.

5. The inclusion of GSTN on the Account Aggregator framework, credit access to micro, small and medium enterprises (MSMEs) is also expected to be eased. The MSME sector has long been denied adequate credit due to a variety of reasons.

by CA.(Dr.) Raj Chawla

Sensex down 1,600 points in 3 days; Rs 4 lakh crore loss. 7 factors behind the selloff :-The Economic Times Sep 21,2023

NEW DELHI: Headline equity index Sensex, which was on its longest winning streak since 2007 by rallying non-stop for 11 days last week, has now lost over 1,600 points in a span of just 3 days with Dalal Street investors being poorer by about Rs 4 lakh crore.

Sensex lost 242 points on Monday, 796 points on Wednesday and over 600 points on Thursday, taking the total loss to 1532 points this week. The market was shut on Tuesday to mark Ganesh Chaturthi festival.

In the meantime, the market capitalisation of all companies listed on BSE has also fallen to Rs 319.5 lakh crore, taking the total investor wealth erosion to Rs 3.9 lakh crore.

Last night, the US Federal Reserve didn't opt for an interest rate hike but projected one more 25-basis-point rate hike this year and 50 bps of rate cuts in 2024, versus 100 bps of 2024 cuts in June projections.

The markets are likely to remain under pressure till they adjust and digest the fact that interest rates are actually not going down in a hurry.

"We believe that high-interest rates are not good for the markets. Both the yields and markets cannot stay at an elevated level for too long. Either one will break down. Given that Fed is resolute in its stand it could be the markets which break down first," said Apurva Sheth of SAMCO Securities.

Here are top 7 factors keeping bulls under check:

1) Fed fear

Fed's signal to markets that higher interest rates are the new normal may have bearish implications. "US Fed's decision to defer rate hike, although expected, may keep global markets on tenterhooks. Inflation in the US is still high and other economic parameters are still showing little signs of slowing down. US 10-year at 4.472% and 2-year at 5.184% does reflect the expectation that before year-end further rate hikes may be expected," said Naresh Tejwani of Abans Group.

2) Bond yields

The yield on two-year US Treasury notes rose to a 17-year high of 5.1970%, while the 10-year yield jumped to 4.4310%, a new 16-year peak. Rising bond yields are negative for equity prices. Nasdaq ended 1.5% lower and other Asian markets like those of Japan and China were also trading over 1% lower.

3) Dollar index

The dollar index, which measures the American currency against a basket of rivals, rose as high as 105.59 on Thursday, its strongest since March 9.

4) Crude reality

Adding to the inflationary noise is rising crude oil prices. Analysts are projecting that oil rates could touch $100 a barrel mark soon. A stronger dollar typically makes commodities such as oil more expensive for buyers using other currencies.

Rising US bond yields, stronger USD and elevated energy prices – all are ingredients for a bad recipe for Asian stocks, Nomura analysts say.

5) Valuations

With Nifty near lifetime highs, the index valuations are not in the cheap zone anymore even if one doesn't consider it to be expensive. The room for correction is more pronounced in case of midcap and smallcap stocks where valuations have gone for a toss in many pockets.

6) FII selloff

After splurging money on Indian stocks for six consecutive months, FIIs have been on a selling spree in September. NSDL data shows that FIIs have been net sellers to the tune of Rs 5,213 crore so far in the month.

7) Technical factors

Nifty had on Thursday formed a long bear candle with upper shadow on the daily chart and indicated the formation of a short-term top reversal pattern in the index at the swing high of 2022 levels.

Going forward, we expect the Nifty to undergo a healthy retracement of three-week rally (19200-20200) wherein key support is placed at 19600. The current decline is expected to result in higher bottom formation around 19600 followed by short-term consolidation which should not be construed as negative but will act as a base for next leg of rally within the structural up trend," ICICI Securities said.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

Mahindra & Mahindra's Canada-based associate firm Resson Aerospace winds up operations :-The Economic Times Sep 21,2023

Synopsis

"Resson has received a Certificate of Dissolution from Corporations Canada dated 20th September 2023, which was informed to the Company on 20th September 2023 at 8.19 p.m.," M&M said in the regulatory filing. The dissolution means that the Canadian firm no longer exists, with Mahindra receiving compensation for the Class C preferred shares it held in the company.

BLS Intl says India halts visa services in Canada, removes advisory later Read more at: https://economictimes.indiatimes.com The Economic times Sep 21,2023