20 Lakh

[Browning Winters]

Threemonths after it rolled out vaccines, the country hit a grim milestone on April 5 when it recorded over a lakh fresh cases with cases surging in states like Maharashtra, Punjab, Chhattisgarh, and Karnataka among others.

I have issue with one existing workflow, i am getting 5 lakhs records or more in future as a output, I need to fit those into same workbook by splitting to multiple worksheets. I don't want to use csv/txt output types.

@ravi061 Group your data based on how many records you want to be in one excel sheet, attaching a sample workflow for your reference. In this workflow I group the records into 10 and writing into different sheets

The Union Budget 2024's surprise cut in gold customs duty triggered a dramatic market upheaval. Gold prices plummeted by over five percent in a single day, erasing around Rs 10.7 lakh crore in value. This unprecedented drop marked the sixth largest wealth erosion in Indian market history, surpassing the volatility often seen in equity markets.

Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said, "Gold prices witnessed a major setback due to pressure from Comex, as Comex Gold fell below $2,375, down from $2,409. Consequently, MCX Gold saw a sharp correction of Rs 1,100, settling at Rs 67,850. The pressure is attributed to ongoing profit booking, as the anticipated September rate cut had been priced in. However, there is a high possibility that it could be a one-time cut before a pause, especially with the upcoming US elections in November 2024. Gold will now take cues from the Fed's policy review on 31 July."

Custom Duty Cut: The announcement of a cut in customs duty led to an immediate price drop of 6% on July 23, 2024.

Comex Gold Decline: Comex gold prices have been falling consistently, dropping from $2,480 to $2,360 over seven trading sessions. This decline is due to increased safe-haven demand for the Japanese yen amid global market instability and speculation over a potential interest rate hike by the Bank of Japan, benefiting the yen.

While there's always the potential for high returns, it's crucial to approach investments with a long-term perspective and a solid understanding of your risk tolerance.

Trivedi added, "The current price drop presents a strategic opportunity to invest in gold and silver. Investors should consider making lump sum purchases now, as future GST implementation on these metals could lead to higher prices. Additionally, US interest rates are expected to potentially reverse direction starting in September, which could trigger renewed buying in precious metals. This makes the current period an attractive entry point for positional investors looking for long-term gains."

With the festive season approaching, gold prices may see an uptick, impacting overall returns from a long-term perspective. Following the revised taxation treatment, the holding period for Gold ETFs is now 24 months. Previously, gains from gold ETFs were added to income and taxed as per the income slab. Now, they will be taxed as per STCG and LTCG rates, which are 20% and 12.5%, respectively.

Trivedi noted, "Currently, Comex gold prices are about 5% below their all-time highs, while in India, adjusted for duty changes, prices need to rally approximately 10%. Given the substantial run-up in 2024 from Rs 63,000 to Rs 74,500, reaching new highs will take time. We can expect gold prices to approach or achieve all-time highs by the end of the year or by March 2025, provided the global economic conditions are favorable."

Personal Loan EMI is typically calculated using the reducing balance method, where interest is computed on the outstanding loan amount. Although the EMI remains fixed, the principal repayment grows while the interest portion declines over time. The formula used for this calculation is:

Personal Loan interest calculation takes into consideration factors like principal amount, tenure and applied interest rate, thus helping you to determine the total repayment amount. Once you know all the details, you can use a Personal Loan Interest Rate Calculator to get accurate results regarding the interest payments.

The EMI calculation for a Rs 2 lakh Personal Loan depends on factors like tenure and interest rate. You can use a Personal Loan EMI Calculator to get an accurate figure once you enter all the variables.

For a Rs 9 lakh Personal Loan, the EMI varies based on the chosen tenure and interest rate. The interest rate can vary based on your CIBIL score. With a higher CIBIL score, you can get better rates for your loan.

The EMI calculation for aRs 10 lakh Personal Loan depends on factors like your loan amount, tenure and interest rate. The higher the interest rate, the higher the EMI. You can get attractive rates if you have a higher CIBIL score.

The EMI calculation for a Rs 20 lakh Personal Loan depends on factors such as tenure and interest rate. A CIBIL score of over 750 can help you avail competitive rates for your loan and can potentially lower your EMI.

The minimum salary requirement for a Rs 20 lakh Personal Loan varies and you can check your eligibility using a Personal Loan Eligibility Calculator. Monthly obligations and tenure have a significant influence on the loan amount. For example, if your monthly income is Rs 80,000 and you have zero monthly obligations, you can get a Personal Loan of nearly Rs 20 lakh for 60 months.

1. Flexibility to choose loan amount and tenure: At ICICI Bank, you can avail a Personal Loan ranging from Rs 50,000 to Rs 50,00,000. Also, you have the flexibility to choose the repayment tenure ranging from 12 months to 72 months. You can choose a loan amount and tenure that suits your financial needs and repayment capabilities.

3. Competitive interest rates: Our interest rates are competitive and are based on the credit score and repayment history. The interest rates are fixed, eliminating the hassle of changing EMIs during the tenure and making it easier for you to plan your loan repayments.

4. Quick disbursal of funds: Once the loan is approved, ICICI Bank disburses the funds quickly into your Savings Account. This enables you to meet your financial needs and fulfil your personal goals without delay.

5. Flexible repayment options: ICICI Bank offers flexible repayment options for Personal Loans, including the option to prepay the loan without any additional charges. This allows you to repay your loan faster and save on interest charges.

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The Government of India introduced the term Micro, Small and Medium Enterprise (MSME) in agreement with the MSMED (Micro, Small and Medium Enterprises Development) Act, 2006. The MSME term is initiated and run by the ministry of MSME are bodies that are engaged in the manufacturing, production, processing and preservation of goods and commodities.

Medium businesses, small companies and corporations are the spine of the Indian economy. If we focus on the recent data, more jobs are generated by small firms as they are the major source of economic growth, national prosperity and innovation.

The most common way to classify enterprises is the number of people employed. In the Indian economy, small businesses are the second largest employment providers. Less than 250 individuals are working in small and medium-sized enterprises. Less than 10 employees work for micro-enterprises, small businesses have a range of 10 to 49 employees and medium-sized businesses with a range of 50 to 249 employees. 250-plus people are employed by large enterprises.

India has witnessed rapid growth in start-ups. According to the Ministry of Commerce and Industry, the recent start-ups of around 10,000 were approved in 156 days in opposition to the initial 10,000 which got approved in 808 days. Also, the Tier-2 and Tier-3 cities are said to account for 49% of the start-ups.

MSMEs are very essential as they create a lot of job opportunities at a relatively lower capital cost than large industries in India. Additionally, they help to industrialize underdeveloped and rural areas, which ensures a more fair distribution of income and wealth across the country and reduces regional disparities.

According to India Brand Equity Foundation, as of August 20, 2023, Maharashtra state has the maximum Udyam registrations with 32.76 lakh units, followed by states, Tamil Nadu, Uttar Pradesh, Gujarat and Rajasthan.

The National Sample Survey (NSS), according to the 73rd round, which was done between the years 2015 and 2016, the Indian government plans to increase the number of jobs in the MSME sector by 5 crore by 2025 from the present level of 11.10 crore.

The MSME sector generates 360.41 lakh jobs out of the 11.10 crore jobs. The jobs mainly belong to the manufacturing sector, in the rural and urban areas, with 387.18 lakh jobs in trade and 362.82 lakh jobs in other services across the country. The MSMEs that were founded in the year 2022, employed more than 1 crore people.

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