Green bonds are a growing avenue to raise fund: Should investors allocate their portfolio?

Green Bonds are fixed-income instruments issued for the specific purpose of funding projects that have constructive environmental and or climate benefits. Like any typical coupon-bearing debt instrument, they have a specified end objective for using the funds raised. The bond issuer is bound to exclusively utilise the proceeds to finance eco-friendly ventures or assets such … Read more

UP budget: Government fails to fulfil promises made in its ‘sankalp patra’, says Congress

The Congress on Thursday termed the 2022-2023 UP budget as “chhal” (deceit) with the people of the state, saying that the Yogi Adityanath government failed to fulfil promises made in its ‘sankalp patra’ (election manifesto). In a statement issued here, Congress Legislature Party leader Aradhana Misra also said that the budget has been infected by … Read more

Samajwadi Party synonymous with ‘hooliganism’, says BJP chief Nadda

BJP president J P Nadda on Friday said the Samajwadi Party was synonymous with “hooliganism”, while Uttar Pradesh under his party’s rule is writing a new story of peace and development. Launching a blistering attack at the SP, he said during its rule, Uttar Pradesh saw “mafia raj” and “kidnapping became an industry, whereas in … Read more

Use every Fed-linked correction to buy: Christopher Wood

Any correction in global markets as a result of the US Federal Reserve‘s monetary policy action should be used as an opportunity to buy into Indian equities, said Christopher Wood, global head of equity strategy at Jefferies. In an interview after Tuesday’s Union Budget, Wood spoke on his assessment of the budget, cryptocurrencies and foreign … Read more

Brutal gilt selloff continues on Budget borrowing shocker; mkt looks to RBI for help

Government bonds plummeted on Wednesday, with yield on the 10-year benchmark 6.54 per cent 2032 paper surging eight basis points to 6.91 per cent as traders rushed to dump stock after the Budget for the next financial year announced an all-time high borrowing programme. The Reserve Bank of India’ s decision to announce a two-day … Read more

The good, bad and ugly of Budget 2022 for investors, companies and common man

Budget 2022 made no change to the existing income tax structure, leaving the common man and some other sections disappointed. There, however, were steps that could turn out to be a major boost for the economy as a whole, going forward. Some measures introduced in the Budget would make for good news to India’s investors, … Read more

Budget 2022: Sitharaman votes for growth, shuns pre-poll populist moves

Risk high inflation to go flat out for growth. That approach of the budget so enthused markets that the Nifty rose 237 points. It is a courageous gamble, but a gamble nevertheless, so keep your fingers crossed. Most budgets are about taxes, but this one makes only marginal tax changes. Tax stability is a virtue. … Read more

Union Budget disappointing, nothing in it for common people: Kejriwal

Delhi Chief Minister Arvind Kejriwal on Tuesday dubbed the Union Budget 2022-23 as “disappointing” and said it has nothing for the common people. In a tweet in Hindi, the Aam Aadmi Party (AAP) national convenor noted that people had “high expectations” from the Union Budget during the corona period but there is nothing in it … Read more

Union Budget 2022: Health sector allocation up 16%, new programme for mental wellbeing announced

For the National Health Mission, the budget allocation increased from Rs 36576 crore in 2021-22 to Rs 37,000 crore in 2022-23. The health sector has been allocated Rs 86200.65 crore in the Union Budget, a hike of 16 percent over Rs 73,931 crore in 2021-22, with the government also announcing a National Tele Mental Health … Read more

Budget lays foundation to steer economy for next 25 years: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Tuesday said the Union Budget lays down the foundation to steer the economic developments for the next 25 years with holistic and future priorities. In her Budget Speech in the Lok Sabha, the minister said the Union Budget for 2022-23 seeks to lay the foundation and give a blueprint to … Read more