Market sentiment around the stock has continued to be positive on the back of improving outlook for the US economy and anticipated weakness in the rupee.
The International Olympic Committee has set June 29, 2021 as the new deadline for the qualification period of the Tokyo Olympics, which has been rescheduled to next year in the wake of COVID-19 pandemic. According to the letter dated April 2, the revised sport entries deadline has now been set for July 5, 2021.
Director general, Railway Protection Force (RPF), Arun Kumar has asked general managers of zonal railways to keep vigil to contain the impact of the nationwide strike called by farmer groups against the three agri laws.
Although the RBI's open market operations have ensured sufficient system-level liquidity, some sectors are finding liquidity to be a challenge owing to their credit profile.
The next policy meeting will be in mid-June, when the panel will be joined by Stanley Fischer, the former Bank of Israel governor whose nomination to the Fed's board was confirmed on Wednesday by the US Senate.
RBI Governor has been under pressure from Finance Ministry.
What might be useful is targeted assistance to those sectors and individuals that are disproportionately affected, suggests Mihir S Sharma.
A logjam on the GST front could turn things upside down and turmoil in Gujarat might also have an adverse impact
Money permits patronage. Money means power. No wonder details of the crores locked up in NPAs and never repaid loans are top secret, Sunanda K Datta-Ray.
'The Indian market has all the factors at the moment: Over-valuation, over-confidence, reliance on some source of massive fund flows and massive scams.' 'The trigger for a collapse could also have arrived.' warns Devangshu Datta.
Between Friday's and Monday's close: Yields on 10-year bonds up 6 basis points, rupee slides 13 paise against dollar, Sensex ends flat
In dollar terms, the Indian markets managed to climb back to 2008 levels only in January this year. The subsequent fall in the rupee because of emerging market woes has once again pushed the markets below their 2008 level in dollar terms.
Central bank raises red flag, warns of potential risk
'Election years tend to see high government expenditure on unproductive schemes, though that money sloshing around can boost private consumption.' 'Again, it can mean higher inflation,' explains Devangshu Datta.
'Modi had not discussed demonetization with me prior to his announcement on 8 November 2016. 'I learnt of it along with the rest of the country. 'I was not surprised when he did not discuss the issue with me prior to making the public announcement. 'It fitted in with his style of making dramatic announcements.' A fascinating excerpt from Pranab Mukherjee's The Presidential Years: 2012-2017.
The economists, polled by industry body Federation of Indian Chambers of Commerce and Industry, said the RBI may raise the cash reserve ratio, which is a portion of deposits that banks keep in cash with the central bank, by 50 basis points to 5.5 per cent, although this would have no impact on containing inflation.
While far from being a currency war, India does not have much of an option but to depreciate to accommodate its exports at a time when China shows its intent to let its currency depreciate.
An expected withdrawal of FIIs from the market likely to weaken the rupee against the dollar.
'This looks like a long-term bear market and there could be mounting losses in the near-term,' says Devangshu Datta.
The real battle for NEET abolition can take much more time and energy, observes N Sathiya Moorthy.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
'Coupled with e-filing procedures it would really enhance the ability of the judiciary to provide speedier justice.'
The RBI has made serious attempts to improve fiscal deficit.
Summers dogged by controversies over past views
'Clearly, the depositors of cooperative banks need the maximum protection.'
A two-year extension at the helm of the RBI still looks a real possibility
Many factors leading to the 2008 financial crisis still exist.
Banks now ride on what is defined as a "banking outlet". This is a fixed-point service unit, manned by either the bank's staff or its business correspondent (BC), where all kinds of services - acceptance of deposits, encashment of cheques, cash withdrawal or lending of money - are provided for a minimum of four hours per day, for at least five days a week. Banks are now turning to reposition the manner in which they acquire customers, report Abhijit Lele and Raghu Mohan.
'The probability of another negative year in 2019 is low.'
'China could place the currency on a par with global biggies. But it has to wait to be a serious challenger.'
In the concluding part of the series, Y V Reddy, argues that the proposal strikes at the functioning of federalism and the basic structure of the Constitution, which has served us well so far.
Budget for 2022-2023 has returned to its agenda for protectionism in the name of creating a self-reliant India, points out A K Bhattacharya.
'Markets are likely to remain choppy for the next 6 months.'
On the White House website, his staff post a variety of proposals ranging from an "American First Foreign Policy" to killing former President Obama's climate action plan with agenda largely echoing his campaign website.
Elavenil Valarivan and Anish Bhanwala, two of India's finest young shooters, were on Friday named in a 34-member core group for the Tokyo Olympics. The National Rifle Association of India (NRAI) released the list of shooters who will be training separately for the quadrennial sporting extravaganza, scheduled to be held next summer after the COVID-19 pandemic pushed the Games back by a year.
India's biggest jewellers' association has asked members to stop selling gold bars and coins.
Top officials in key ministries, including finance and IT, are of the opinion that a sensitive payments system such as UPI should not be on a platform whose security is possibly compromised.
The agreement on sharing of financial information is a distinct and welcome break from its trend.
And why markets could give up 25 per cent of all these gains made since March 2020
Nobutaka Kitajima, chief investment officer -- equity, LIC Nomura Mutual Fund, tells Business Standard the reaction to the Fed's statements has been overdone and the current downturn has punished certain stocks much more than their inherent economic worth and business potential.
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