Govt plans to pre-pay off-Budget bonds

The Centre, which turned over a new a leaf in fiscal transparency in the Budget FY22 by ending its practice of off-Budget borrowings through state-run agencies, wants to pre-pay the remaining such outstanding liabilities of Rs 1.7 trillion over a reasonable period, but it can’t, as investors are unwilling to forego such high interest-bearing bonds, […]

India not to import butter, other dairy products; to tap domestic sector to improve supplies: Parshottam Rupala

Union Minister for Fisheries, Animal Husbandry and Dairying Parshottam Rupala on Friday made it clear that the country will not import dairy products like butter and the supplies will be improved with the help of huge untapped domestic sector. Rupala’s statement comes even as his ministry’s top official had last week stated that the stocks […]

Markets Wrap – Tue, 28 Feb ‘23: Nifty, Sensex fall, rupee gains; Asia, US markets, Gold, Crude updates

Domestic indices ended Tuesday’s volatile session broadly in red. The Nifty settled above the crucial 17300 level while Sensex closed below 60000. Meanwhile, the banking index, Bank Nifty closed below 40,300. The top gainers on the Nifty 50 were Adani Enterprises (up 14.90%), Adani Ports (up 5.11%), Asian Paint (up 3.02%), Britannia (up 1.08%) and […]

SBI, Axis Bank hike deposit rates

In good news for depositors before the new year, State Bank of India (SBI) and Axis Bank have raised interest rates on fixed deposits by up to 50 basis points (bps) across various tenors. SBI has increased rates across various tenures, excluding FDs maturing within one year to less than 2 years, 2 years to […]

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