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Firms show increase in profits even as sales fall -Vineet Sachdev

-Hindustan Times The average PE (price earnings) multiple of Sensex companies , which measures the price of a stock as a multiple of its earnings per share, has risen to 31.49 in the current month, the highest since 1998-99 . The BSE Sensex, India’s benchmark Stock market index, reached an all-time high of 44,825 on Wednesday, November 25. There is reason to believe that speculation and external tailwinds, rather than strong fundamentals,...

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Coronavirus cases rising in Delhi, Kerala reports biggest jump among all states - Pooja Dantewadia and Tanay Sukumar

-Livemint.com A return of the coronavirus in Europe has spooked global markets. Even as India recovers, some regions are at a similar risk, including the national capital Several parts of Europe are under threat of fresh lockdowns as the dreaded “second wave" of the coronavirus sweeps through the continent. Markets globally are reacting in panic, with European stock futures touching a five-month low on Wednesday. Indian markets have also been jittery in...

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Explained: What determines onion prices -Parthasarathi Biswas

-The Indian Express In back-to-back moves aimed at controlling onion prices, the government has relaxed import norms and now reintroduced stock limits. Why have prices been rising, and how far can these moves check the rise? With less than a week to go for the Bihar elections, the Centre on Friday reintroduced the stock limit on onions — a move aimed at controlling rising prices, which crossed Rs 80 per kg in...

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Rajasthan govt. to bring bill against Centre’s farm laws, says Ashok Gehlot

-PTI/ The Hindu In the meeting of the State council of Ministers held at the Chief Minister’s residence, the effects of Centre’s three new laws on the farmers were discussed Rajasthan Chief Minister Ashok Gehlot on Tuesday said his government will bring a bill against the Centre’s farm laws on the lines of Punjab. The Chief Minister announced this on Twitter, hours after the Punjab assembly unanimously passed four bills and adopted a...

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Is This the Market Reform Indian Agriculture Needs? -Sudha Narayanan

-TheIndiaForum.in The rules of the game in markets have changed dramatically. But there are problems with the fundamental premise of the approach, there are doubts about the future of state intervention & there are major lacunae in the bills, all making the outcome uncertain. On 5 June 2020, amidst growing concern over the seismic collapse of the economy and the spread of the Covid-19 pandemic, the Government of India promulgated three ordinances...

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