RBI Governor Shaktikanta Das kept the red flag on cryptocurrencies flying, warning that the next financial crisis can be triggered by private cryptocurrencies if such speculative instruments are allowed to grow.
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Fund managers will be given more flexibility to invest in corporate bonds.
What some of our leaders were up to on Friday, November 11.
Catch all the action from the Upper and Lower House of Parliament.
Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.
Noting that the session is taking place just ahead of the 70th Independence Day, Modi said he was confident that discussions of the highest standard will be held.
Government floor managers are busy talking to Opposition members to resolve the stand-off over Minister Sadhvi Niranjan Jyoti's remarks, in the Rajya Sabha.
Despite the incessant disruptions and bitter clashes between political parties witnessed in the ongoing monsoon session of Parliament, lawmakers from across the political spectrum will display rare unanimity in the coming days to pass two bills aimed at protecting their interests.
With the Rs 1.45 lakh crore tax dole threatening to upset budgeted numbers, Economic Affairs Secretary Atanu Chakraborty sought to allay concerns saying the government is sticking to the glide path of keeping fiscal deficit at 3.3 per cent of the GDP in the current fiscal.
Hitting out at the bill, he termed it as an attempt by the government to acquire land, whose price has been rising, for industrialist 'friends'and crony capitalists.
The idea of the payment banks is to provide access to banking for people, especially in rural areas.
As soon as Lok Sabha assembled, opposition members stormed into the well holding placards and shouting slogans. They demanded a Joint Parliamentary Committee probe into the alleged stock manipulation by the Adani Group.
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 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.
He had already been granted bail in the Chaibasa Treasury Scam case in October 2020, and in the Deoghar Treasury Scam case in February 2020.
The law allowed Jadhav to challenge his conviction in the high court through a review process which was a requirement of the ICJ verdict.
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.
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.
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.
During the day-long debate, the lines between science and religion often got blurred with many invoking religious texts and the contribution of 'rishi munis' to highlight India's tryst with the extra-terrestrial world.
The rupee's strength against its competitor could come to haunt exporters.
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.
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.
Compared to equity funds, debt funds are lower risk profile and are usually suitable for investors for very short term.
Protesting Congress members had on Tuesday too blocked a debate on the bill. The monsoon session ends on Thursday.
'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.
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.
The sector seems set for a rally that may be somewhat temporary.
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.
Invest in stocks of export-oriented and capital-intensive companies, says Devangshu Datta.
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.
After Raghuram Rajan leaves, the world for the succeeding RBI governors will be distinctly different.
While rate cuts may increase churn between banks, these may not boost credit offtake meaningfully.
You cannot manage the risk in your portfolio if you have no idea how to recognise it.
The imapsse continues over issues like bank scams and special status demand for Andhra Pradesh.
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.
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
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