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...