The government on 10TH Nov. surprised bond dealers and economists alike by raising Rs 10,000 crore from the market through cash management bills (CMBs), a rarely used instrument that it resorts to only when the exchequer faces a short-term liquidity mismatch. Bond...
The Government of India, in consultation with the Reserve Bank of India, has decided to issue a new short-term instrument, known as Cash Management Bills, to meet the temporary cash flow mismatches of the Government. The Cash Management Bills will be non-standard,...
“The fundamentals of the economy remain weak with uncertainties prevail. The only redeeming feature is the weakening of inflation and FDI inflows” The National Council of Applied Economic Research has lowered India’s GDP growth forecast to 5 per cent in the current...
A day after the Supreme Court rapped the Centre for “providing a protective umbrella to foreign bank account holders,” the Union government on Wednesday submitted, in a sealed cover, a list of 627 Indians holding black money abroad. The Centre also gave a status...
The Narendra Modi government has an ambitious agenda for the winter session of Parliament for which the Cabinet Committee on Parliamentary Affairs (CCPA) has recommended 22 sittings, starting November 24 and concluding on December 23. The government hopes to clear...
It will look for opportunities in telecom and the fast-growing e-commerce sector Telecom giant SoftBank has pledged an investment of $10 billion (over Rs.60,000 crore) in India’s IT and communications space, one of the biggest investment commitments from...
India's Free Trade Agreements (FTA) with major partners such as Japan, Malaysia, South Korea and the ASEAN bloc have not contributed to an increase in the country's trade deficit, initial findings of a Government study on the impact of FTAs has concluded. “Though...