Reseñas

Gold is sensitive to high interest rates which lift the opportunity cost of holding non-yielding bullion. Market participants are now expecting the Fed’s target rate to peak at 5.132% in July, from a current range of 4.5% to 4.75%.

UPI for foreign travellers: UPI has become hugely popular for retail digital payments in India. It is now proposed to permit all inbound travellers (from G-20 countries) to India to use UPI for their merchant payments (P2M) while they are in the country, RBI governor Shaktikanta Das said on February Continue Reading

Reserve Bank of India governor Shaktikanta Das expects India to get more overseas inflows and the current account deficit to ease hereon. “The CAD is expected to moderate in the second half of FY23 and remain eminently manageable and within the parameters of viability,” Das in his monetary policy statement.

On Tuesday, the group’s total market capitalisation rose by ₹12,190 crore – the first increase since the sell-off in its stocks began on January 25 triggered by the adverse Hindenburg Research report that resulted in its value almost halving.

Questions on banking exposure to the Adani Group have surfaced after a sharp fall in the companies’ shares earlier this month after US based Hindenburg Research accused the group of mis-governance. The group’s securities have since recouped some of their losses.

The new norms will essentially allow entities to borrow and lend government securities by paying or receiving a premium. The central bank will soon issue draft directions separately for stakeholder comments. Dealers said the new norms will make more people eligible to take a short position on government securities

With respect to cases of ongoing litigation for disputes arising out of contracts in which physical activity has been stopped or contracts terminated, the settlement amount would be 30% of the net claim amount. For ongoing litigation where physical activity in the disputed contract is ongoing, the settlement amount would Continue Reading

Currently, the Competition Commission of India (CCI) imposes a penalty up to 10% of a company’s average turnover in the relevant market. The government may tweak this by changing the definition of average turnover by adding an explanation that it means the “global turnover derived from all products and services Continue Reading

“The issue of changing the monetary policy stance and withdrawal of accommodation till inflation falls to the desired level is like a chicken and egg question and that I want the chicken to decide,” the governor said jokingly, while addressing reporters at the post-policy presser, refusing to offer a guidance Continue Reading

Similarly, the country’s trade with China has aggregated at about USD 87 billion during the nine-month period of this fiscal, according to the data provided by Minister of State for Commerce and Industry Anupriya Patel in a written reply to the Lok Sabha.