Stock Maestro

  The Finance Minister of India Mrs. Nirmala Sitharaman presented the Union Budget 2022-23 in Lok Sabha and in her 90 minutes long speech she announced the government's expenditure outlay for 2022-23. In this budget she announced some major takeaways which are listed below: Key Highlights of Budget 2022-23: The country is expected to grow at 9.27% in the coming year highest among the developing and developed countries. In this budget focus is on inclusive development, energy transition, digitization and climate action. Fiscal Deficit for the current year is at 6.9% of GDP. There is no change in the income tax slabs for this year, Effective expenditure will be 10.68 lakh crore or 4.1% of GDP. Capital expenditure raised by 35.40% from 5.54 lakh crore to 7.50 lakh crore. Spectrum auction will be conducted to roll out 5G mobile services within 2022-23 by private firms. The Draft Red Herring Prospectus (DRHP) for India's biggest Insurance company LIC will be completed by...

In telecom industry there are licenses in the name of spectrum to be taken from the government in order to provide telecom services in the nation. The government issues three types of licenses: 1. Mobile Internet Connection License 2. Cable Broadband License 3. Wireless Broadband License Back in the year 2007, the government issued telecom spectrum for wireless broadband connection and in the year 2010 TRAI clarified that this spectrum could only be used for broadband internet and not for voice calls. Companies like Vodafone, Airtel, BSNL had spectrum for both mobile connection and cable broadband so they thought that this spectrum was of no use for them and thus they didn't participate in the auction.  But in 2011 for the spectrum auction a company named Infotel who had a networth of just only 2.5 crores had applied for the bid. The auction had a compulsion that the company applying for the bid must have 250 crores bank gaurantee. Infotel surprisingly got the bank gaur...

  "If you want to be a millionaire then simply just be a billionaire and invest in aviation sector and you will end up becoming a millionaire ." Stock Market maverick Rakesh Jhunjhunwala has backed upcoming ultra low cost Airline carrier named Akasa Airlines and he will pump around 260 crores and hold around a 40% stake in this venture. Recently after the bankruptcy of once the Indian Airways giant Jet Airways, the government failing multiple times in bidding for disinvestment of Air India and finally ending up with giving it to the Tata Group, the covid threats circling around the aviation sector and the government not giving any support to aviation sector after facing the repercussions of corona virus pandemic. The business world is shocked as to why the Big Bull is investing in aviation sector. Although Rakesh has pumped a very small percentage of his net worth so he is not risking more. But he has planned a strategic layout for his ambitions by initially cornering ex pres...

  As we know in this pandemic time the Indian Economy is going through a worse period where unemployment rate is high, income of people are low and low business scopes are there so here the work of The Reserve Bank of India is crucial. The RBI has the sole responsibility along with the Indian Government in recovery of the economy. There is a stagflation situation prevailing currently where the GDP is low, unemployment rates are high, earnings are low but there is a high rate of inflation. So the RBI is taking steps to control this situation. It has advised the government to control its non developmental expenses, focus on capital expenditure and promote exports. Here is a table showing RBI's latest policy rates: The RBI regularly revises its policy rates to tackle different economic situations. In inflationary period, to control the money flow it increases the CRR, reverse repo rate, bank rate and decrease the repo rate to decrease the flow of cash in the economy like in current si...

  Recently Kumar Mangalam Birla the CEO of Aditya Birla Group has stepped down from the CEO position of the debt trapped company Vodafone-Idea (VI). He has also written a letter to the Government to offer his 27% stake in VI to any Public Sector Company run by the Government of India or any other private entity who are interested in handling the telecom giant company. He also wrote in his letter that he has tried his best to revive the company but wasn't able to do that due to immense competition faced by Jio and Airtel. After coming of Jio only three companies could have survived in the Indian market which were Vodafone, Idea and Airtel. But now it seems VI has also cleared the ground for Jio and Airtel. He told the Government in his letter that if they want a three company competition in the telecom market then specify it and take concerned steps for it. He also stressed on floor pricing of plans per subscriber so that they can survive in this fierce price war.  How Birla pl...

  The withdrawal of The US troops from Afghanistan and The Taliban swiftly occupying the heart of Kabul till 15th of august 2021 has produced an alarming situation for all the other countries of the world and particularly leaving India in a disadvantageous situation. Afghanistan is included in the few countries in which India has invested a hefty amount of money and it is a land of strategic importance as far as India's situation is considered. The increasing influence of China in South Asia is a threat for India as China is using all India's neighbouring countries as a pawn by using its debt trap strategy to pressurize India from all the sides. So India is also increasing its influence in its neighbouring countries by making healthy trade agreements, investing in those countries and providing them monetary assistance and Afghanistan is one of the country which will help India counter China's ambitious One Belt and Road Initiative. India has invested a large amount of money...