Rajya Sabha proceedings were adjourned for the day on Tuesday after repeated stoppages as opposition members continued to protest demanding the revocation of suspension of 12 members.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
Faced with the prospect of yet another embarrassment in Rajya Sabha, Government on Tuesday night bowed to the opposition demand for sending the Mines and Minerals bill to a Select Committee after hours of battle of wits between rival sides.
The government on Wednesday said it will borrow Rs 7.24 lakh crore in the first half of 2021-22 fiscal to meet resources to perk up the economy hit by the coronavirus pandemic. According to the Budget 2021-22, the government's gross borrowing was estimated at Rs 12.05 lakh crore in the financial year beginning April 1. "In the Budget, we had announced that there would be a gross borrowing of Rs 12.05 lakh crore and net borrowing of Rs 9.37 lakh crore. "In the first half of 2021-22, we would be borrowing Rs 7.24 lakh crore, which is 60.06 per cent of the gross issuances," economic affairs secretary Tarun Bajaj said. He said the government would issue 2-year, 5-year, 10-year, 14-year, 30-year, and 40-year securities.
The finance minister is "reasonably confident" that when it comes to the crunch, "it would be extremely difficult even for the Congress party to take a contrarian view" on the GST Bill.
RBI's liquidity tightening stance had stumped the Street as a result of which bond yields had risen.
Not that his odds are particularly strong at 66/1 -but they're the same as Bill Clinton's! For what it's worth former Brazilian President Lula Da Silva has slightly stronger odds at 20/1.
Funds made investments worth Rs 64,602 crore (Rs 646.02 billion) in the debt market during June, higher than Rs 26,840 crore (Rs 268.4 billion) in May, as per the latest data available with market regulator Sebi.
Oppn members went into the area of treasury benches carrying a black banner, which demanded Shah's resignation, as Speaker Om Birla continued with proceedings of the House.
The sector seems set for a rally that may be somewhat temporary.
Compared to equity funds, debt funds are lower risk profile and are usually suitable for investors for very short term.
In a stinging attack on the Bharatiya Janata Party-led central government, Shiv Sena member of Parliament Sanjay Raut on Sunday said it wouldn't be surprising if the Enforcement Directorate issues summons against former prime minister Jawaharlal Nehru in the National Herald newspaper case and paste the notice on his memorial.
The rupee's strength against its competitor could come to haunt exporters.
India's public debt decreased marginally to Rs 46,25,037 crore (Rs 46.25 trillion) at end-March 2014 from Rs 46,29,689 crore (Rs 46.29 trillion) at end December 2013.
'Has the time come to devise Version 2 of ad hoc T-bills?' 'In return, the government must agree to privatise all but five or six banks.' 'If something like this is not done, we will have governments going on the rampage, with increasing frequency,' says T C A Srinivasa Raghavan.
Such an economic environment tends to be positive for gold, the ultimate safe-haven asset. Since gold cannot be debased by central banks, it naturally gains in value.
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
Cash-rich Central Public Sector Enterprises (CPSEs) have to either invest their surplus funds or give it to someone for investment purpose, Finance Minister P Chidambaram has said.
Invest in stocks of export-oriented and capital-intensive companies, says Devangshu Datta.
It is time for the three finance ministers of the 1990s to reveal the real hero, says T C A Srinavasa-Raghavan.
The finance minister could well be on her way to setting a record of achieving the biggest single-year reduction in the government's fiscal deficit, explains A K Bhattacharya.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
The imapsse continues over issues like bank scams and special status demand for Andhra Pradesh.
You cannot manage the risk in your portfolio if you have no idea how to recognise it.
Rishi Sunak and Liz Truss, the two finalists in the race to succeed Boris Johnson as the Conservative Party leader and British prime minister, were grilled on their policies in the first hustings directly addressing Tory party members who will be voting in the election.
Union finance secretary T V Somanathan recently said the Centre had saved Rs 10,000 crore in FY22 on interest payments after adopting new accounting mechanisms for central government agencies and centrally sponsored schemes (CSS) for state governments. Speaking at an event, Somanathan said due to these, there was an unspent balance of Rs 1.2 trillion with state agencies from CSS as on March 31, 2022. This means this amount will be reduced from the Centre's borrowing for now and it can be considered a short-term saving for the exchequer.
Tamil Nadu Governor R N Ravi on Thursday staged an unprecedented walkout from the state assembly following a face-off with Chief Minister M K Stalin over the former's customary address to members of the house in its first session of the year.
If Kerala wants to sustain its room for independent thinking and talk back to Delhi when needed, it should put its finances in order. Or - if one takes the North East example - Kerala's political posturing may end up commensurate with its financial dependence on others, suggests Shyam G Menon.
The move may release funds locked in government securities and add to liquidity. With inflation expectations lowered, this should not impact bond sentiment in the short run
The Congress-led grouping has some reasons to feel emboldened over recent political developments.
Saving for your future, older self is one of the main reasons why you should invest. Since one day you will either be unwilling or unable to work, investing allows you to have a pool of resources you can draw upon in old age.
The party had supported CAB in Lok Sabha. Sena MP said the govt did not give satisfactory answers to the concerns raised by the party.
By November-December 2014, investors should also look at debt funds.
Demonetisation could see anywhere between Rs 8 and 12 lakh crore coming into the banking system in the next few weeks.
The auction follows aggregate overseas investments in government debt securities yesterday reaching Rs 1,21,271 crore (Rs 1,212.71 billion), which is 97.46 per cent of total permitted limit of Rs 1,24,432 crore (Rs 1,244.32 billion).
The state government as an interim measure would raise Rs 3,000 crore (Rs 30 billion) from market borrowings and Rs 500 crore (Rs 5 billion) as loan from small savings, Mitra told reporters at the state secretariat.
The finance ministry on Wednesday said the government will borrow Rs 4.34 lakh crore in the second half of the current fiscal to meet its expenditure requirement amid COVID-19 crisis afflicting the country's economy.
All you need to know about the Winter session of Parliament.
Have you ever thought of options that are safer like the savings bank account, and additionally provide higher returns?
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