News

Keep up with the latest breaking news and headlines from around the world with our comprehensive coverage of politics, business, technology, entertainment, and more. Stay informed and up-to-date with our news category.

‘COVID-19’ No More in China BUT Exists in Other Countries

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The first case had confirmed in China Wuhan city. But the current state will give you a shock.

Last updated: April 08, 2020, 12:17 GMT
Coronavirus Cases: 81,802
Deaths: 3,333
Recovered: 77,279

Active cases & closed cases China

Coronavirus: New Cases vs. New Recoveries

New Cases vs Recoveries China

The above state shows the situation is under control in China, and Wuhan city reopened. More

China Ends Wuhan Lockdown, but Normal Life Is a Distant Dream
Published April 7, 2020 | Updated April 8, 2020, 1:01 a.m. ET
By Raymond Zhong and Vivian Wang
– nytimes.com

How they recovered?

  • China reveals residents are following the Government’s lockdown advice: brutal but effective
  • China had deployed remote-controlled mini-tanks for disinfectant-spraying on an entire city.

    “We began using them for disinfection and disease prevention,” said Hou Yongfei, deputy secretary-general of the Shanxi Province Unmanned Vehicle Association, the outlet reported, citing AsiaWire.

  • China implements a new Orwellian mass surveillance tool and a ‘close contact’ app.
  • Social distancing, physical distancing, and by following all safety precautions of WHO.

Wuhan recovery gives hope to rest of world, says WHO

Coronavirus disease situation data (up to 8 April)

This report provides the latest global number and numbers by country of COVID-19 cases.

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COVID-19 impact on the Indian financial markets, and precautions.

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Coronavirus disease (COVID-19)All sectors of Indian financial markets are getting impacted by COVID-19. The total number of 123 countries are affected by a coronavirus. 1.32L+ confirmed cases and 4.9+ thousand people’s deaths reported by this virus.
Data source: WHO (World Health Organization) & National Health Commission of the People’s Republic of China

Not only the Indian market, all over countries’ financial markets fear over this virus. It foothold is everywhere. But it will impact on a particular sector only. Many stocks & commodities will hit the bottom level. Isn’t it a new opportunity for smart traders? Don’t get scared. Don’t divert stocks from a portfolio without in-depth research. Fluctuation is temporary. It’s time for a new buying opportunity.

Hint: oil and manufacturing
To get the best stocks and commodities tips for investing in the current market situation, subscribe now.

Coronavirus disease (COVID-19) Help and Information

Coronavirus information – India
The Helpline Number for coronavirus: +91-11-23978046

Coronavirus disease (COVID-19) advice for the public

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What are Goods and Service Tax (GST) and Know Benefits

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GST Definition

GST means Goods and Service Tax. Single Tax to promote Indian Trade and Industry.

A great step by Team India that will help transform the economy, bring in transparency and usher in the system of “one country one tax“.

Benefits to Economy:

  • To create a unified common national market.
  • To give a boost to foreign investment & “Make in India” campaign.
  • Increased economic activity to generate more employment.

Easy Compliance Environment:

  • Seamless transfer of input tax credit.
  • Reduction in compliance costs – multiple records not required to be maintained for a variety of taxes.
  • Greater use of IT to reduce human interface between taxpayer and administration.

Simplified Tax Structure

  • Single tax to replace multiple levies of Centre and States.
  • Uniformity of tax laws & procedures across Centre & States.
  • Robust IT system for registration, returns, refunds & tax payments.

The government clarified that the goods and services tax will keep its July 1st, 2017 date for countrywide rollout.

How to enrol GST Identification number (GSTIN)?

Our Government made it easy and completely online enrolment! All you need is a provisional ID, password, mobile number and email ID. Obtain your username/password by logging into www.aces.gov.in
For assistance: Call 1800 1200 232 or email: [email protected]

Revised Draft Model GST Law and Draft IGST Law available in public domain. The same can be accessed at www.cbec.gov.in, www.dor.gov.in or www.gst.gov.in

(Source: Central Board of Excise and Customs)

Dear Moneymunch valuable Readers,
GST will impact on many sectors of Indian Stock and Commodity Exchanges. Subscribe our premium services to get benefits from the impact of GST on exchanges securities.

Moneymunch going to launch Big Dhamaka Special Offers today and it will expire just a second ago before GST Launch! Limited members can enrol this offers and for enrolment write an email on [email protected].

Thank you!
Moneymunch Team

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Moneymunch: G N Dairies against consumer complaints order for fraud & cheater

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SEBI - Securities and Exchange Board of India

Just few hours back, Securities and Exchange Board of India announced unauthorized dairy investment scheme run by G N Dairies and has asked the company to refund investors’ money. Consequently, SEBI ordered 3-month time period from date of October 31 for return money to it investors because all investment schemes designed with wrong intention and company promise of high returns in the name of trading of cattle and ghee without obtaining requisite certificate from the market regulator.

If the company fails to comply with its directives, a reference would be made to the state government and local police to register a civil/criminal (consumer) case/complaints against them for fraud and cheating (cheater). – SEBI

By Moneymunch online investigation(review/feedback), the company claimed it has returned calves and ghee to as many as 45,000 investors.

Checkout similar two complaints investigated by Moneymunch:Continue reading

Energy import decreasing in U.S. and China rises but NG hit 2 years Top

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First – know what will happen in MCX Natural gas for today & tomorrow, look below chart:

natural gas chart tips

We know well, China natural gas production increasing in March to top in last two years and Gov. Data showed that natural gas utilization in China hit almost 170 billion cubic meters last year. United States domestic natural gas prices are falling by a lack of upward income stress.

EIA (Energy information administrator) said, “China passed the United States as the world’s top importer of oil products.” If you don’t believe, look below chart with forecast:

petroleum-imports-us-china

As you can see China rising utilization and the United States’ short output “INSTANT STATIC REPORT” which creates by national development said same thing that from March 2013 natural gas production arrived at 11.2 billion cubic meter and U.S at 1.6 %.

The world’s biggest energy user wants a natural gas booming to speedy transformation in the U.S. and that’s the reason China has revolution envy.

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Commodity MCX / NCDEX Holidays list in 2014

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In terms of the Bye-laws, Rules and Regulations of the Exchange, the following days are declared as trading holidays for the calendar year 2014 along with details whether the holidays would be full or part holidays for trading:

DescriptionDateDaysNormal SessionEvening Session
Id-E-Milad14th JanTuesdayClosedOpen
Mahashivratri27th FebThursdayClosedOpen
Holi (2nd day)17th MarMondayClosedOpen
Ram Navami08th AprTuesdayClosedOpen
Dr. Ambedkar Jayanti14th AprMondayClosedOpen
Good Friday18th AprFridayClosedClosed
Maharashtra Day1st MayTursdayClosedOpen
Budha Purnima14th MayWednesdayClosedOpen
Ramzan ID29th JulTuesdayClosedOpen
Independence Day15th AugFridayClosedClosed
Ganesh Chaturthi29th AugFridayClosedOpen
Gandhi Jayanti2nd OctThursdayClosedClosed
Dusssera3rd OctFridayClosedOpen
Bakri ID6th OctMondayClosedOpen
Diwali – Laxmi Puja *23rd OctThursday* Open* Open
Diwali – Balipratipada24th OctFridayClosedOpen
Moharum 04th Nov. 144th NovTuesdayClosedOpen
Guru Nanak Jayanti06th NovThursdayClosedOpen
Christmas25th DecThursdayClosedClosed

Market timing

Trading on the commodities segment takes place on all days of the week (except Saturdays and Sundays and holidays declared by the Exchange in advance). The market timings of the commodities segment are:
Normal session time: 10:00AM to 5:00PM
Evening session time: 5:00PM to 11:30/11:55PM

*Market would be open for Muhurat Trading, timings for which will be informed separately.

Data and information provided by Commodity MCX & NCDEX exchange.

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