The savings in interest outgo through the government securities buyback is likely to decline after 2006.
A Delhi court on Thursday dismissed the bail application of former Mumbai Police Commissioner Sanjay Pandey in a money laundering case related to alleged illegal phone tapping and snooping of national stock exchange (NSE) employees. Special Judge Sunena Sharma said the material available prima face showed Pandey was actively involved in the execution of recording and monitoring of calls at the NSE, and was directly communicating with the bourse staff as well as those of the iSec, the company he founded and which was responsible for the cyber security audit of the NSE. The judge noted the material collected by the investigating officer "prima face" showed the retired IPS officer was in de facto control of the affairs of iSec even after 2006, when he resigned as a director, and kept attending the meetings with NSE officials.
Analysts and economists have hailed the fiscal projections in the interim Budget, saying the lower fiscal deficit forecast shows that the government, even in an election year, is serious about fiscal consolidation and that the numbers look achievable. According to Devendra Kumar Pant, the chief economist at India Ratings, the two broad themes of the interim Budget are fiscal consolidation and stepping up focus on agriculture/rural to course correct, to some extent, the differential benefits of the ongoing economic growth that's tilted in favour of upper-income bracket/urban households. The projected fiscal deficit numbers for FY24 and FY25 suggest that the government is serious about achieving the fiscal consolidation path of 4.5 per cent fiscal deficit by FY26, and given the nominal GDP growth assumption and revenue buoyancy, the target appears plausible, Pant said in a note.
The Calcutta high court has asked the State Election Commission to explore the possibility of postponing the civic polls to four municipal corporations by four to six weeks in view of a surge in COVID-19 cases in West Bengal.
Calling a "matter of serious concern" the registration of FIRs under Section 66A of the Information Technology Act it had scrapped in 2015, The Supreme Court on Tuesday asked the chief secretaries of states concerned to take back the cases within three weeks.
A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad said the State Election Commission has already issued a notification and it will remain unchanged.
The Election Commission had pegged the cost of procuring additional Electronic Voting Machines and paper-trail machines for holding synchronised Lok Sabha and assembly polls at nearly Rs 9,300 crore.
Prohibitory orders were imposed in a part of Neemuch city in Madhya Pradesh after a dispute between two groups over the installation of an idol near a dargah, which led to tension in the area, officials said.
The Maharashtra government has moved the Supreme Court seeking recall of its order by which it had directed the State Election Commission (SEC) not to re-notify the poll process to 367 local bodies, where it has already commenced, in order to provide reservation to OBCs.
Commodity investments can help you diversify your portfolio in asset classes other than equity and debt, says Dwaipayan Bose.
Rahul Gandhi was booked on Tuesday for 'wanton acts of violence' by the Assam Police as the political confrontation between the Congress leader and state Chief Minister Himanta Biswa Sarma escalated on the tenth day of the 'Bharat Jodo Nyay Yatra', with Gandhi asserting that he does not get 'intimidated' by such tactics.
Palaniswami currently helms the party founded by the charismatic M G Ramachandran and nurtured by the redoubtable J Jayalalithaa.
The Union health ministry on Thursday termed as 'misleading' and 'fallacious' media reports which claimed that regulatory approval for COVID-19 vaccine Covaxin was rushed due to political pressure.
Foreign Portfolio Investors (FPIs) selling spree continued as they dumped Indian equity worth over Rs 5,800 crore this month so far on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Finance Minister Jaswant Singh will launch screen-based retail trading in government securities (G-sec) on the stock exchanges
The EC postponed polls to 4 municipal corporations by three weeks to February 12.
'Investors with higher risk appetite and longer horizon (more than one year) can invest in longer-duration funds like corporate bond funds, long-duration funds and gilt funds for maximum gain.'
Leading stock exchanges NSE and BSE on Monday said all their operations are functioning in a normal manner after HDFC Securities flagged that confirmations were not received for orders placed in the NSE cash segment due to a "technical glitch". After mentioning about the technical glitch in a tweet at 10.01 am, HDFC Securities, at around 11.53 am, issued a statement saying the issue "got resolved at 9.50 am" and that investigation is going on to find out the root cause. The episode, which happened less than one hour after markets opened for trading, comes within days of a technical glitch forcing NSE (National Stock Exchange) to halt trading for nearly four hours on Thursday. In a statement, a NSE spokesperson said that all the operations on its platforms were "functioning smooth and normal".
A high-level committee to explore the feasibility of conducting simultaneous elections, headed by former president Ram Nath Kovind, held its first meeting in New Delhi on Saturday and decided to invite political parties and the Law Commission to seek their views on holding synchronised polls in the country, a statement said.
Regardless of market levels, invest in stocks and equity mutual funds in a staggered manner.
Foreign Portfolio Investors' (FPIs) selling spree continues as they pulled out over Rs 3,400 crore from the Indian equity markets in the first three trading sessions of November on rising interest rates and geopolitical tensions in the Middle East. This came after such investors withdrew Rs 24,548 crore in October and Rs 14,767 crore in September, data with the depositories showed. Before the outflow, FPIs were incessantly buying Indian equities in the last six months from March to August and brought in Rs 1.74 lakh crore during the period.
Citing the Covid-19 situation, the police on Thursday imposed orders under CrPC section 144 in Mumbai, prohibiting the assembly of five or more persons during the Ganesh festival between September 10 and 19.
It has also been decided to make heavy deployment of forces in some pockets of Kanpur ahead of Friday prayers, police said.
The alleged model code of conduct (MCC) violation took place at the event -- 'Dilli ki Yogshala: Yog Prashikon ko Samman Rashi Ka Vitran' -- held on Friday at the Constitution Club, which was attended by Chief Minister Arvind Kejriwal and his deputy Manish Sisodia.
Opinions vary, but fund managers remain bullish.
Among those killed were eight from TMC, and one worker each of the BJP, the CPI-M, the Congress and the ISF.
Following are comments from economists at leading financial institutions, banks and rating agencies on the interim Budget:
The order that was passed less than a week ahead of the first phase of polls scheduled on October 10 throws a spanner in the election process.
Investors need to evaluate how they stack up against other high credit quality fixed-income options before putting money in them.
The contribution from asset management companies (AMCs) has surpassed the Rs 3,000 crore target for the creation of a Rs 33,000 crore backstop facility for debt mutual funds (MFs). The initial corpus for the Corporate Debt Market Development Fund (CDMDF) is nearly Rs 3,100 crore, according to multiple government officials and AMC executives. "The fund is operational now. "The required corpus has been raised by AMCs and the remaining part (Rs 30,000 crore) is in the form of a guarantee from the government which will be activated only in case of a credit event," explained D P Singh, joint CEO and deputy MD, SBI MF.
Elections to local governing bodies can be held now with OBC quota in Maharashtra, with the Supreme Court giving its nod on Wednesday, Deputy Chief Minister Devendra Fadnavis said in Mumbai.
A special court in Bengaluru has ordered the registration of a 'special criminal case' against former Karnataka chief minister B S Yediyurappa regarding alleged corruption in a land denotification issue when he was the deputy CM in the Bharatiya Janata Party-Janata Dal-Secular coalition government in 2006-07.
The State Election Commission in Jammu and Kashmir on Saturday imposed restrictions on conduct of exit polls till the last of the eight-phase District Development Council election is completed.
Four Indian quarter-milers running below 53 seconds augurs well for the country's hopes of winning six straight Asian Games gold in women's 4x400m relay since 2002.
Three persons were shot dead and several others were injured as violence and arson marked the conclusion of nomination filing for the three-tier West Bengal panchayat polls slated next month.
Prohibitory orders under Section 144 has been clamped in Hubballi city, the police added.
Violence had rocked West Bengal's rural polls on Saturday, leaving 15 people dead while ballot boxes were vandalised, ballot papers torched, and bombs thrown at rivals in several places.
The Mumbai Metro Rail Corporation Ltd started hacking trees from Friday night to make way for a car shed, hours after the Bombay high court dismissed four petitions filed by NGOs and activists challenging the decision to allow felling of trees in the prime green lung of the city.
Among index funds, the most popular products are funds tracking the Nifty 50 and Sensex, says Dwaipayan Bose, and explains the finer points of selecting the right index mutual fund.
The restrictions under section 144 of the Code of Criminal Procedure are in place since lockdown began.
