Mumbai: Government bond yields are set to ease, lowering the cost of debt for Indian firms, as the Centre’s decision to borrow less than usual in the first half of the next fiscal has improved the demand-supply dynamics for the sovereign bond market. On Wednesday, the Reserve Bank of India (RBI) said the Centre would … Read more
Debt mutual funds investing in long-term bonds could be among the top picks of fixed-income investors as the prospects of lower government borrowing could boost returns from such products. Here are 5 funds that could benefit from the recent Budget announcement. (Source: Value Research; Data as of January 31, 2024) Source link
BJP Leaders Basavaraj Bommai, Sunil kumar and Chief Minister Siddaramaiah having a meeting at Speakar U. T. Khader’s chamber at Vidhana Soudha. | Photo Credit: The Hindu On the eve of the presentation of the State Budget, BJP leader and former Chief Minister Basavaraj Bommai urged Chief Minister Siddaramaiah to desist from imposing new taxes, … Read more
Kerala will approach the Supreme Court against the Central government’s decision to slash the State’s borrowing limit, Finance Minister K.N. Balagopal said here on Monday. The State government is discussing the matter with senior lawyers, Mr. Balagopal said at a meet-the-press programme organised by the Kesari Memorial Journalists’ Trust. There is no legal hurdle before … Read more
The goods and services tax (GST) rate rationalisation exercise is likely to be delayed because of inflationary pressure and geopolitical tensions, said a senior finance ministry official as part of comments about the economy, asset sales and the government’s borrowing programme. The Centre has sought a legal view on the divestment of Pawan Hans and … Read more
Mumbai: India’s bond market could become a less crowded place, thanks to Housing Development Finance Corp Ltd’s (HDFC Ltd) proposed merger with HDFC Bank, likely reducing the cost of funds for borrowers. Nearly a tenth of borrowing in the bond market could reduce, as HDFC accounted for that much bonds sold in the country. The … Read more
Mumbai: The central bank has raised the limit for foreign funds to invest in Indian debt under the voluntary retention route (VRR) by ₹1 lakh crore to ₹2.5 lakh crore, potentially helping lower bond yields in a year that will likely see higher federal and state borrowing. The new threshold is effective April 1, which … Read more
The Indian government will present the Union Budget 2022-23 on February 1, 2022. Besides giving the national accounts, the government will communicate its long-term agenda to several observers through Budgets. The big question facing policymakers is how to equitably distribute expenditure — given that Covid-19 has disproportionately affected the medium and small enterprises and the … Read more
The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc’s unprecedented plan to make its economy greener and more digitalised, making it the biggest issuer in euros, a document from the Commission showed. The financing for the EU economic plan, agreed at 750 billion euros in 2018 prices, … Read more
To create additional space, medium-term commitment must be provided to reduce the overhang of government borrowings on future growth. Synopsis A bipartisan council should be set up and granted authority to enforce a ‘comply or explain’ discipline on budgetary assumptions and attempts to obfuscate. By Viral AcharyaWith the scale of GDP contraction due to the … Read more