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Will Modi Government 2.0 bring Indian Railway on Fast-track mode in Budget 2020

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Indian Railway Budget 2020
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Modi government 2.0  Railway Budget 2020 will be presented by Finance Minister Nirmala Sitharaman on 1st February in Parliament. There will be no separate Rail Budget and both the budgets will be presented in a merged form on February 1. This time Expectations are quite high from Railway Budget 2020 due to crisis on Economy. The Piyush Goyal-led Indian Railway has been on a world-class infrastructure creation drive to push national transporter into an elite league in the world. Rail Budget 2020 is likely to play a vital role in Indian Railways infrastructure also to help drive to a fast-track mode.

 Since the year 2017, Railway Budget has been merged with the Union Budget. The NDA government did away with the 92-year-old colonial-era practice and made the rail budget a part of the general budget.  In 2018, former Finance Minister Arun Jaitley had announced the largest-ever allocation of Rs 1.48 lakh crore capital expenditure for the Indian Railways in 2018-19.

 

Stakes are high, as Railways which is one of India’s major sectors is in a bad shape, as it is losing money on keeping its existing operations going. To put the railway back on its feet, an informed debate is required, however, due to the merger of rail budget with Union budget, the time available to focus on the railway has reduced.

 

But this year there is an expectation in the Rail Budget to increase emphasis on public-private partnerships. It may also boost the infrastructure building program of the Indian Railways. Private players may be roped in for the upgradation and modernisation of the railways including setting up of railway stations. It may also include the operation of technologically advanced trains for better convenience of passengers.

The chances of a hike in passenger fares are low this time, experts have said, “as they have recently been raised while keeping the hikes delinked from the budget and freight rates may also not increase at the time of an economic slowdown”. As per reports, “the freight revenue is anyway running behind the target by Rs 17,600 crore till November”.

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SBI Cards IPO subscription start  on March 2

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SBI Cards IPO
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The initial public offering (IPO) of SBI Cards and Payment Services, the credit card unit of the country’s largest lender State Bank of India (SBI) of Rs 9,000-crore, will open for subscription on March 2. The company had already filed draft IPO papers in November last year, obtained “observations” from the Securities and Exchange Board of India (Sebi) on February 11. “The IPO will open for subscription on March 2 and close on March 5,” SBI said in a regulatory filing.

“Further it said that the “SBI has been informed by SBI Cards that, in compliance with applicable law, including, the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, Anchor Investors shall bid one working day prior to the bid/offer opening date, being February 28, 2020,”.

Further, the subscription period for qualified institutional buyers (QIBs) will close one working day prior to the closing date on March 4″.

According to the draft papers, SBI Cards will offer up to 130,526,798 equity shares through an offer-for-sale route. This will include up to 37,293,371 share sale by SBI and up to 93,233,427 shares on offer by Carlyle Group. In addition, the company will also issue fresh equity shares of Rs 500 crore.

SBI holds 76 percent in SBI Cards and the rest of the stake is held by Carlyle Group. SBI Cards is the second-largest credit card issuer in India with an 18 percent market share. SBI Cards was launched in October 1998 by SBI and GE Capital. In December 2017, State Bank of India and The Carlyle Group acquired GE Capital’s stake in the Company. ISTSBI holds 76 percent in SBI Cards and the rest of the stake is held by Carlyle Group. SBI Cards is the second-largest credit card issuer in India with an 18 percent market share.

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Top trading strategies for beginners

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Are you interested in investing? Many people are interested in investing, but they are not aware of the investment type they should select. Most investors in Hong Kong suggest ETFs because they believe it is one of the best options for naïve investors. When you are not aware of the market, you will struggle, but if you have selected ETF, you will not find it complicated. Of course, it will be confusing and a bit difficult initially, but for beginners, there will not be a better choice. You can enjoy a lot of benefits if you select this type of investment.

The abundant liquidity is one of the main reasons why you should select ETF as a beginner. But that’s not all; there are many other reasons such as low expense ratio, investment choices, low investment threshold, diversification, and the list will go on. We don’t sugarcoat things, so you should know that ETFs have disadvantages as well. However, many features make ETFs the perfect investing vehicle. As a beginner, you must know the top trading strategies, so let us help you.

Trade with a high-end broker

Before you start to develop your trading strategy, you must find a high-end broker like Saxo. Never think you can make a huge profit from this market by trading the market with the low-end broker. Once you find such a broker, it’s time to develop your trading strategy. Some of you might buy an expensive trading system from a pro trader but it will never help. You need to stick to your trading rules and trade the market with proper logic. Forget about aggression and trade the market in a conservative way. Take your time and within a short period, you will become successful at trading.

Dollar-Cost Averaging Strategy

This is the basic strategy that any beginner can try if they are trading Exchange traded funds.  The dollar-cost averaging technique is pretty simple, which is why beginners should start their journey with this. Instead of this, if you try to use any other complicated strategies, you might assume that trading is hard. Even though it is not the case, the strategy that you select has a huge impact on your trading journey. Hence, don’t take it lightly. This particular strategy is about purchasing a fixed-dollar amount of assets on a fixed schedule, even if the asset cost changes, this will continue. Normally, beginners are youngsters with a stable income source so you can set aside a certain amount and invest it in ETFs instead of looking for low-interest savings. It is important to look at the benefits and drawbacks when you are making a decision. If you do, you will be able to make the right decision.

Asset Allocation Strategy

This is another top strategy that you must try as a beginner. This is about diversification. You might have to allocate a particular portion of your portfolio to other categories such as bonds, commodities, bonds, stocks, and cash. It is pretty easy to understand the reason why you must consider this strategy. If you want to diversify your risks, this is the best method you can find. As per the asset allocation of the beginners, the rate of risk will also reduce.

The seasonal trending bet

A beginner’s best tool is the seasonal trending bet so they can capitalize on it. You must make sure to dig deeper into the information and seasonal trends so that you can understand more about it before betting on it.

There are many features and advantages of ETFs, so if beginners are trading, they can consider ETF as the best choice. There are many strategies for trading ETFs, but the ones we mentioned above are great for beginners. The main reason is the simplicity of the strategies. Hence, you must utilize these strategies in trading.

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World richest Jeff Bezos will spend $10 billion to fight with climate change

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World richest Jeff Bezos will spend $10 billion to fight with climate change
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Amazon founder Jeff Bezos said Monday that he “plans to spend $10 billion of his own fortune to help fight climate change”. Bezos, the world’s richest person, said in an Instagram post that “he’ll start giving grants this summer to scientists, activists and nonprofits working to protect Earth”. Bezos said in the post “I want to work alongside others both to amplify known ways and to explore new ways of fighting the devastating impact of climate change,” .

Amazon, the company Bezos runs, has an enormous carbon footprint. Last year, Amazon officials said “the company would work to have 100% of its energy use come from solar panels and other renewable energy by 2030”.

The online retailer relies on fossil fuels to power planes, trucks and vans in order to ship billions of items all around the world. Amazon workers in its Seattle headquarters have been vocal in criticizing some of the company’s practices, pushing it to do more to combat climate change.

Bezos said in the “post Monday that he will call his new initiative the Bezos Earth Fund. An Amazon spokesman confirmed that Bezos will be using his own money for the fund”.

Despite being among the richest people in the world, Bezos only recently became active in donating money to causes as other billionaires like Bill Gates and Warren Buffett have done. In 2018, Bezos started another fund, committing $2 billion of his own money to open preschools in low-income neighborhoods and give money to nonprofits that help homeless families.

Bezos founded Amazon 25 years ago, has a stake in the company that is worth more than $100 billion. In September, Bezos announced Amazon’s climate pledge to get the company carbon-neutral by 2040, 100% renewable energy by 2o30, and 100,000 electric delivery vehicles by 2030.

The move follows pressure from Amazon employees to push the company to do more to fight climate change. More than 350 employees signed a Medium blog in January calling for net-zero emissions by 2030, among other requests.

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Career

ISRO Recruitment 2020 – Apply online for 182 various vacancies

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ISRO Recruitment 2020
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ISRO Recruitment 2020: Indian Space Research Organisation (ISRO) has announced recruitment to several posts at their official website isro.gov.in. 

In the recruitment notification, ISRO has called applications for 182 jobs such as Technical Assistant, Fireman, Scientific Assistant, Draughtsman B, Technician B, Hindi Typist, Library Assistant, Cook, Catering Attendant A, and other vacancies. Aspirants who hold needed criterion can apply for the jobs within the mentioned time frame.

We can say that here is the best opportunity for Government job applicants who have a golden chance. So grab this opportunity by applying for ISRO Recruitment. You can apply for ISRO Recruitment by following the prescribed format on or before 06 March 2020. 

Applicants with particular educational qualification can apply online for ISRO Recruitment through the official website. Candidates should have SSLC/SSC/Matriculation + ITI/NTC/NAC. Still, you must have extra qualifications as per the ISRO Recruitment 2020 Employment Notification.

Online application has been commenced from 15 February 2020. The final date to apply online for the recruitment is 06 March 2020. Along with that, the candidates should know that the closing date to pay the application fee is 07 March 2020.

ISRO Recruitment 2020 – Important Date

Last Submission of Online recruitment Application: 06 March 2020

Vacancies

  • Technician: 102 Posts
  • Technical Assistant: 41 Posts
  • Draughtsman: 03 Posts
  • Scientific Assistant: 07 Posts
  • Library Assistant: 04 Posts
  • Heavy Vehicle Driver: 04 Posts
  • Hindi-Typist: 02 Posts
  • Fireman: 04 Posts
  • Catering Attendant: 05 Posts
  • Cook: 05 Posts

Eligibility Criteria for Fireman, Driver, and other posts:

Educational Qualification:

Enthusiastic candidates applying for other posts through ISRO Recruitment 2020 should have qualified SSLC/SSC/Matriculation, ITI/NTC/NAC, Diploma in Mechanical/Electronics/Computer Science/Automobile/Instrumentation Electrical/Civil engineering disciplines; Graduate + Master’s Degree; M. Sc, B. Sc in relevant subjects from a approved University/Institution, and additionally hold a valid LMV/HMV license with appropriate years of driving practice as described in the notification.

How to Apply

Enthusiastic applicants can apply for ISRO U R Rao Satellite Centre (URSC) Recruitment via the designated format on or before 06 March 2020. Aspirants applying for multiple posts via ISRO Recruitment should register online on the official ISRO website at https://www.isro.gov.in/ from 15 February 2020 onwards and should submit their applications on or before 06 March 2020.

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Business

OYO net loss is USD 335 million in 2018-19

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Accommodation firm OYO Hotels & Homes on Monday reported widening of its net loss to USD 335 million (over Rs 2,390 crore) for the financial year ended March 2019, mainly on account of international expansion during the period. The company had reported a “net loss of USD 52 million (over Rs 370 crore) for the previous financial year”, OYO said in one of his statement “Its consolidated revenue for 2018-19 stood at USD 951 million (over Rs 6,785 crore) as against USD 211 million (over Rs 1,500 crore) in the year-ago fiscal”.

“The inherent costs of establishing new markets, including those related to talent, market-entry, operational expenses, among others, resulted in an increase in OYO’s net loss percentage in the near term, which grew from 25 per cent in 2017-18 to 35 per cent of revenue in 2018-19, to USD 335 million”.

“At the same time, in markets like India, the company reduced its losses from 24 % to 14% of revenue in 2018-19 to USD 83 million”. “The business operations in India, a mature market for the company, contributed nearly 63.5 per cent or USD 604 million to the total revenue as the business clocked a 2.9 times growth y-o-y in the home market” OYO said Further in their statement.

It added “Nearly 36.5 percent or USD 348 million was contributed by the company’s operations outside India, primarily China, signifying its strong commitment towards building a sustainable global business at scale with improved operating efficiencies”. OYO Hotels & Homes Global CFO Abhishek Gupta said “As we work towards consistently improving our financial performance, ensuring strong yet sustainable growth, high operational and service excellence and a clear path to profitability will be key to our approach in 2020 and beyond,”

Rohit Kapoor, chief executive officer for India and South Asia said “Its gross margin rise to 14.7% from 10.6%, the company said. Oyo has cut back in certain markets, firing about 20% of its 12,000 people in India for example. “We have pulled out of 200 cities in India, and these accounted for less than 5% of revenues”.

The two executives were cautious about the China market, given the coronavirus that has all but put a halt to travel. “The coronavirus crisis is gripping all of China, it will impact the business in the short term. We can’t say how much,” said Ghosh. “It is too soon to say how much our business will get impacted, there are too many affected provinces and it is too sensitive a matter.”

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