He said the new short-term treasury bills will be part of the government's same borrowing programme. To meet its burgeoning expenditure, necessitated by the slowing down economy, the government has pegged its market borrowing at over Rs 4.5 lakh crore (Rs 4.5 trillion) for the current fiscal, bulk of which is being raised in the first half.
Prime Minister Narendra Modi on Tuesday asked NDA MPs to follow parliamentary rules and conduct, and learn from senior members about the best practices, comments that came a day after the ruling alliance accused Leader of Opposition Rahul Gandhi of making a "most irresponsible" speech.
Malik used to criticise the BJP-led Central government and the then opposition leader in Maharashtra, Devendra Fadnavis, when he was a cabinet minister in the erstwhile MVA government led by Uddhav Thackeray.
Foreign investors have pulled out a massive Rs 22,000 crore from Indian equities so far this month, due to uncertainty surrounding the outcome of the Lok Sabha elections and outperformance of Chinese markets.
Union Education Minister Dharmendra Pradhan on Wednesday said the Preamble to the Constitution is very well there in NCERT textbooks of Class VI as he refuted charges made in this regard by Congress president Mallikarjun Kharge.
Gold, a safe-haven bet, is likely to continue its record-smashing journey in the New Year, rising to Rs 85,000 per 10 grams and even Rs 90,000 level in domestic markets if geopolitical tensions and global economic uncertainties continue.
Asked if the party would approach the court for the restoration of Jammu and Kashmir's statehood, the NC leader said, "I do not want to get into that right now."
The disqualification of wrestler Vinesh Phogat in the Olympics after being found overweight before the final bout also saw the government and Opposition come to blows in Parliament.
BJP members, including the Leader of Opposition Sunil Sharma, opposed the resolution, saying it was not part of the listed business.
The Reserve Bank is unlikely to cut the benchmark interest rate in its forthcoming bi-monthly monetary policy review later in the week as retail inflation is still a cause of concern, and there is a possibility of the Middle East crisis deteriorating further, impacting crude oil and commodity prices, say experts.
Foreign portfolio investors' (FPIs') net investment in the domestic debt market in October was the third highest during the current calendar year as foreign investors rushed to lock in higher returns amid global uncertainty and geo-political tensions, market participants said. FPI inflows in debt stood at Rs 6, 322 crore in October against Rs 768 crore in September, according to data on the National Securities Depository Limited (NSDL). Market participants said that the majority of the inflows were channelled through corporate bonds.
The Bharatiya Janata Party's tally in Rajya Sabha has dipped below 90 for the first time in several years but the party and its allies are expected to not only recoup the their losses but also make some gains when by-elections to fill the existing vacancies are held in the coming weeks.
Holding up pictures of Lord Shiva, Guru Nanak, and Jesus Christ, he referred to Hinduism, Islam, Sikhism, Christianity, Buddhism and Jainism to underline the importance of fearlessness. He also cited the attributes of Lord Shiva and teachings of Guru Nanak, Jesus Christ, Buddha, and Mahavir to state that all religions and great people of the country have said "daro mat, darao mat (do not be scared, do not scare others)".
After Bandhan MF's US Treasury Bond 0-1 year Fund of Fund (FoF), Aditya Birla Sun Life (ABSL) MF has come out with US Treasury 1-3 Year Bond ETFs FoF and 3-10 Year Bond ETFs FoF. US bonds, which generally offer low yields, have turned attractive post the 525-basis point hike in US interest rates. According to Bloomberg data, the 1-year and 2-year US treasury yields now stand at 5.4 per cent and 5.1 per cent, respectively. Although the yields remain lower than what Indian government bonds offer, the differential has come down steeply.
'India represents one of the top opportunities with robust growth, solid fundamentals, and openness to foreign investment.'
India on Monday asserted that its friendly ties with the Maldives will continue as Prime Minister Narendra Modi and President Mohamed Muizzu unveiled a blueprint for comprehensive economic and maritime cooperation, signalling a reset of the relationship that had hit a rough patch last year due to anti-New Delhi rhetoric.
Gandhi said the Opposition wanted the House to function "often and well" and added that it was very important that cooperation happens on the basis of trust.
Retail investors could be hesitant to invest in floating rate savings bonds, as these specific bonds tend to be profitable only in a rising rate environment, according to market participants. The Reserve Bank of India has allowed subscriptions for floating-rate savings bonds, 2020, via retail direct - an online portal that enables individual investors to purchase government securities.
Hasina was set to travel to London from India but is now contemplating other options after the British government indicated she may not get legal protection in the UK against any possible investigation, they said.
Short-term government bonds fell behind longer-dated securities in demand this month so far due to a liquidity crunch in the banking system and expectations of a delay in a rate cut, said market participants. Investors have favoured longer-tenure government bonds, or g-secs, with insurance companies and pension funds leading the charge by stocking up on those with maturities of 30 years and more. Preference for longer-term securities was strengthened by the conclusion of the borrowing programme, which compelled institutional investors to fulfil their requirements in the secondary market.
He also pointed out the high sums earned by the coaching centres leading to the commercialisation of education.
Pointing out the instance of Kharge entering the Well of the Rajya Sabha on Friday, Dhankhar said, "It was extremely painful to notice that even the Leader of the Opposition walked into the Well of the House and that was a disgrace to parliamentary conduct and proprietary."
Bharatiya Janata Party leader and former Union minister Anurag Thakur is likely to initiate the discussion on Motion of Thanks on the President's address in the Lok Sabha on Friday, with Prime Minister Narendra Modi's reply to the debate expected on July 2, sources said.
The US treasury department informed about the sanctions following the October 7 attacks on Israel by Hamas.
For the first time, Modi is eyeball to eyeball with his bete noire, sitting a few feet across him. Given the last 10 years, a confrontation between them was unavoidable, inevitable, points out Saisuresh Sivaswamy.
The Tata Group is one of the very few Indian MNCs which has carved out a niche in China's highly competitive market, notes Rup Narayan Das.
'The ceaseless process of privatisation is shrinking the space of reservation.' 'Where will reservation go if you keep privatising?'
"Lalu Prasad has been sentenced to 5 years imprisonment while a penalty of Rs 60 lakh has also been imposed on him. Apart from Prasad, five years imprisonment each was announced by the Court for five convicts, four years each for 32 convicts and three years each for three convicts," CBI counsel B M P Singh told PTI.
Leader of Opposition Rahul Gandhi launched a no-holds-barred attack on the Bharatiya Janata Party in the Lok Sabha on Monday, saying the leaders of the ruling party are not Hindus as they engage in "violence and hate" round the clock, drawing massive protests from the treasury benches, with Prime Minister Narendra Modi accusing the Congress leader of calling the entire Hindu community violent.
The Supreme Court has said that commitments made by political parties in their election manifestos will not amount to 'corrupt practice' under the election laws.
'There is also a possibility that Andhra Pradesh may demand a similar package. But as of now, we are only working on a package for Bihar.'
Questioning the Congress's stand on caste census, the BJP leader made certain remarks on Gandhi's caste that triggered the uproar and had Congress members trooping into the well of the Lok Sabha. "Anurag Thakur insulted me and I don't want any apology from him. Abuse or insult me as hard as you can but don't forget we will pass the caste census in this Parliament for sure," the Leader of the Opposition said.
The Reserve Bank of India (RBI) on Monday did a four-day variable rate reverse repo (VRRR) auction to reduce liquidity in the banking system as the overnight money market rates fell below the repo rate, said market participants. The repo rate is 6.50 per cent. Banks parked Rs 18,750 crore at the auction against a notified amount of Rs 50,000 crore at a weighted average rate of 6.49 per cent.
Public sector banks (PSBs) posted 16.1 per cent year-on-year (Y-o-Y) growth in net profit at Rs 39,974 crore during the June 2024 quarter. While net interest income (NII) showed subdued growth of 7.1 per cent, provisions and contingencies declined by 10.5 per cent Y-o-Y. This aided the bottom line to show steady growth.
It was a faux pas by Treasury Benches members when they voted against a clause in the Food Security Bill in the Lok Sabha on Monday night, thinking it was a division on an amendment moved by the Leader of the Opposition Sushma Swaraj.
The Lok Sabha witnessed a display of linguistic diversity on Monday, with the newly-elected MPs taking their oaths in English and Indian languages, including Sanskrit, Hindi, Dogri, Bengali, Assamese and Odia.
Gold prices tumbled by Rs 3,350 to Rs 72,300 per 10 grams in the local market in New Delhi on Tuesday amid subdued demand by jewellers after the government announced the customs duty cut on the yellow metal and silver to 6 per cent.
The Lok Sabha was adjourned twice in the post-lunch period on Thursday as a war of words broke out between the treasury and opposition benches, triggered by Congress MP Charanjit Singh Channi's spat with the Bharatiya Janata Party's Ravneet Singh Bittu.
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.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
