Iran attacked US military bases in Iraq on Wednesday morning to avenge the assassination of General Qasim Suleimani. Iran is reported to have fired 22 ballistic missiles at the Ain al-Assad base in Iraq's Anbar province and a green zone in Irbil (US military bases). Iranian media has claimed that 80 'American terrorists' were killed in these attacks. Amidst all this, Iran's Ambassador to India, Ali Chegeni, has said that we do not want war. We want peace and prosperity for all in the region. In such a situation, if India initiates peace between Iran and America, we welcome it.
In Asia, India's growth is now marked at a slower 5.1% in the fiscal year 2019 as the foundering of a significant non-banking financial firm in 2018 led to a surge in risk hostility in the financial sector and a credit crisis.
Presence of many health insurance policies in market leaves buyers in the state of dilemma. To overcome this state, the Insurance Regulatory and Development Authority of India (IRDAI) has mandated all the insurance companies to offer a standard insurance product with minimum sum insurance up to Rs 5 lakh.
India's government is expected to lower spending for the current fiscal year by as much as Rs 2 lakh crore as it overlooks one of the biggest tax shortfalls in recent years, three government experts stated.
Recent warnings that a recession is arising have had Americans panicking. President Donald Trump lately stated that a recession will only happen if citizens fail to re-elect him in 2020, but about one-third of statisticians agree that the dreaded “R” word is on the boundary, no matter what and expected to reach by the end of 2021.
India is the exclusive merchant of goods ($126 billion in 2017) and oil ($74.7 billion) is the most influential category among imports. India imports 86% of its yearly crude oil demand. Since the payments are done in US dollars, India’s debt will depend on crude rates as well as on the USD/INR exchange rates.
The past two years both illustrated the point that foretelling the short-term future of stock returns is incredibly hard to get right, and almost impossible to achieve consistently. Nevertheless, history can be a helpful guide, and some unfinished news headlines could have some short-term connections on the stock market in the year ahead.
Gold rates in India exceeded on Monday the record of 41,000 rupees (by 10 gm), that is, on January 6, following the profits in the international market after an American airstrike in Baghdad executed a major Iranian commander, which began the purchase of valuable metals.
