Reserve Bank of India (RBI) is unlikely to cut the benchmark interest rate at its upcoming monetary policy review meeting, taking place soon after the announcement of the Lok Sabha election results, amid inflation challenges, said experts. The Monetary Policy Committee (MPC) may also refrain from rate cut as economic growth is picking up, notwithstanding the elevated interest rate of 6.5 per cent (repo) prevailing since February 2023. The meeting of the Reserve Bank Governor Shaktikanta Das headed MPC is scheduled for June 5 to 7.
rediffGURU Samkit Maniar answers readers' personal income tax queries.
The gains will be gradual as the measure will be executed over 12 months or so.
A man was allegedly beaten up, forced to drink urine and wear a garland of shoes after he eloped with a married woman in Madhya Pradesh's Ujjain district, prompting the police to initiate action into the incident.
The regulatory gap between crypto firms registered with the Financial Intelligence Unit-India (FIU-India) and unregistered offshore entities is expected to narrow, industry players said, after global crypto players Binance and KuCoin received approvals to register with India's anti-money laundering unit.
'Sell in May, go away' is a popular market adage. But 'Don't sell any new shares in May' is the best kept secret of Dalal Street that's set to break. Sample this: the last four General Election election cycles starting 2004 have not seen a single initial public offering (IPO) launch during the month of May.
The bottom lines of several private sector banks have taken a hit following the recent guidelines released by the Reserve Bank of India (RBI) on alternate investment fund (AIF) investments. Last month, the RBI announced that regulated entities, such as banks, non-bank lenders, and home financiers, cannot invest in AIFs that have directly or indirectly invested in companies that have borrowed money from the lenders. In case an entity had already made such an investment, they must liquidate the investment or make 100 per cent provision, RBI had said.
To neutralise this, RBI has been doing forward swaps
The doctors then successfully removed the lower portion of the stomach and artificially joined the remaining part with the small intestine.
A total of 149 kgs of mephedrone or 'meow meow' drug (both in powder and liquid form), 50 kg ephedrine, and 200 litres of acetone was recovered from the three labs located in Bhinmal of Jalore district and Osian in Jodhpur district of Rajasthan and Gandhinagar in Gujarat, the officer said.
The Supreme Court on Thursday directed the Himachal Pradesh government to release 137 cusecs of surplus water available with it for Delhi, which is grappling with water crisis.
The dealers operating in the space have jumped nearly three times over the past two years.
'For the first time ever it has come below 1 per cent, at 0.97 per cent.'
Riding on a bull run, equity investors became richer by Rs 128.77 lakh crore in the 2023-24 fiscal, driven by robust fundamentals of the Indian economy, increased investment inflows and promising corporate earnings. After a muted performance in 2022-23, equity markets made a remarkable recovery in FY24, giving handsome returns to investors. The 30-share BSE Sensex climbed 14,659.83 points or 24.85 per cent in 2023-24.
The developments at Bear Stearns have left many people certain that more collapses are to follow.
'Young investors with limited funds should ensure that investing in NPS does not crowd out their other, more liquid, investments.'
The mutual fund (MF) gross inflows through the systematic investment plan (SIP) route topped the Rs 20,000 crore mark for the first time in a calendar month as investors opened a record 6.4 million SIP accounts despite a spike in market volatility. The number of accounts opened last month was almost 50 per cent higher than the registrations seen in March. "India's MF industry has reached yet another milestone with the SIP book crossing above Rs 20,000 crore in April 2024.
BSE (formerly Bombay Stock Exchange) has seen its market share go past the critical 20 per cent mark in the derivatives segment, intensifying its battle with bigger rival - the National Stock Exchange (NSE) - which, less than a year ago, had a monopoly in this space. In April, the average daily trading volume (ADTV) for BSE stood at Rs 89 trillion, accounting for 20.6 per cent of the overall ADTV of Rs 432 trillion (based on notional volumes for options).
Banks are preferring instruments with higher premium over government securities for their held-till-maturity (HTM) portfolio, following the new investment norms, which came into effect from April 1. They are stocking up on corporate bonds and state government securities to boost yield on their portfolio, according to market participants. "Definitely, if there is a good spread available and without lower credit risk, those instruments will be favoured to boost the yield on the portfolio.
'Banks make money because they take the right credit calls. So they need to focus on risk mitigation rather than risk avoidance.'
This is the second of the series conducted at Aeronautical Test Range, Chitradurga, in Karnataka at 7.10 am.
While selecting a smallcap scheme, go with one that has a good track record and a stable fund manager.
The overarching talking point will be the reluctance on the part of private banks to loosen their purse strings and increase lending substantially, even as the central bank believes there is adequate liquidity within the system.
Basil Zucchini Walnut Soup is good nourishment and will leave you feeling good about yourself.
Asia Securities Industry & Financial Markets Association (Asifma) has raised concerns about the Securities and Exchange Board of India (Sebi) proposal to introduce a T+0 settlement cycle. The industry association of top foreign portfolio investors (FPIs) has stated that this move could give rise to several issues, including the bifurcation of the market, liquidity fragmentation, and deterioration of market quality. In a discussion paper floated last month, Sebi has proposed a separate same-day settlement cycle that will run parallel to the existing T+1 cycle, where trades are settled the next day.
The upheaval in domestic markets that followed the US economic downgrade notwithstanding, RBI on Friday said the liquidity in the Indian banking system was not under stress and the central bank was monitoring the situation closely.
It is important to be wary of sunburn, dizziness, heatstroke, stomach issues and other heat-related illnesses, advises Dr Vidhe Sharma.
rediffGURU Ramalingam Kalirajan answers your personal finance queries.
In a move to boost liquidity, the government and the Reserve Bank of India are considering a special window to enable banks with farm loan relief scheme arrears, a major factor impacting liquidity, to raise funds. The move will help inject liquidity into the system till Parliament approves the Rs 25,000-crore reimbursement.
While the economy seems to be on a firm growth path, the fight against inflation is not over yet. Shaktikanta Das seems to be in no hurry. After playing well through a five-year Test match, he doesn't want to get out hit wicket, observes Tamal Bandyopadhyay.
Private equity (PE) investments in India have fallen to a 6-year low at $24.2 billion in the financial year ending March 2024. Investments via PE deals are down 47 per cent compared to FY23, when private equity deals worth $45.8 billion were signed. According to data sourced from Bloomberg, PE firms had signed record deals worth $80 billion in the financial year ending March 2022.
Policy rates have been reduced substantially in 2015.
This recipe has a wonderful royal touch.
'TMFs trump FMPs and FDs when it comes to investing in a high-duration product.'
The number of companies had touched a low of 792 in July 2020 amid heightened uncertainty because of COVID-19.
Only investors with a higher risk appetite should enter these funds.
With assets depreciating over time, it will lead to large haircuts for lenders and creditors, say experts
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