Structural reforms, along with prudent macroeconomic and financial sector policies, have imparted resilience and vibrancy to the Indian economy, allowing it to withstand external shocks, said Shaktikanta Das, principal secretary-2 to the prime minister and former governor of the Reserve Bank of India. He pointed out that amid uncertainty in the global trade landscape, India … Read more
Pune: India is poised to contribute about one-fifth of the world’s GDP growth on the back of robust domestic demand and prudent macroeconomic and financial sector policies, which enabled it to withstand “external shocks”, Shaktikanta Das, the Principal Secretary-2 to PM Narendra Modi, said. Addressing an event here on Saturday, he emphasised that India’s underlying … Read more
The local currency has depreciated by nearly a rupee in the last month, from 85.46/$1 on June 28, to 86.41/$1 as of Thursday. The weakness in rupee comes amid high uncertainty on tariffs, outflows by FPIs in debt and equities, and spot dollar buying by the Reserve Bank of India that has prevented excess appreciation, … Read more
“But getting some reasonable framework is clearly going to be a relief for the Indian market because unpredictability is worse than predictability even if the predictability means a little more tariffs and frankly India opening up its economy in some sectors which it may not have been willing to otherwise is long-term very good for … Read more
Mumbai: The Reserve Bank of India is expected to cut interest rates for the third straight monetary policy meeting this week amid easing price pressures, according to economists. They are now keenly awaiting the central bank’s commentary on inflation and growth to get an idea about how long it would continue with the easing cycle … Read more
Foreign investors have pulled out Rs 31,575 crore from the country’s equity markets so far this month, in the wake of turbulence emanating from sweeping tariffs imposed by the US on most nations, including India. This came following a net investment of Rs 30,927 crore in the six trading sessions from March 21 to March … Read more
Nearly half of the gold underlying Sovereign Gold Bonds (SGBs) is fully backed by government reserves at current gold prices, senior officials told CNBC-TV18. The sources said the Centre has provisioned enough funding in the Gold Reserve Fund (GRF) to cover redemptions of 60–65 tons out of the 130 tons of gold currently outstanding under … Read more
An investor’s blunt post on India’s tax burden has reignited criticism of the country’s indirect tax structure, drawing attention to the compounding effects of GST and levies on high-end purchases. “If buy any SUV in India, you have to pay over 50% in taxes to the government of India,” wrote investor A K Mandhan on … Read more
SEBI chief Tuhin Kanta Pandey on Saturday signalled that taxation policies for the capital market are unlikely to be changed while underlining that there is certainty on taxation at present. “If some certainties have already come in terms of taxation, let’s not unsettle it. I think the point is we have to live with what the … Read more
Motilal Oswal Private Wealth (MOPW) has issued a recommendation for investors to pursue lump sum investments in Hybrid and large-cap funds. This guidance comes in response to the recent market corrections which have seen large-cap valuations fall below their 10-year average. The advisory reflected the firm’s strategic outlook amidst ongoing consolidation in the Indian equity … Read more