Economy & Policy

Govt source says FY21 fisc gap seen lower than revised aim of 9.5%

Informist, Friday, Apr 9, 2021 --Govt source: See higher than projected revenues, spending in FY21 By Adrija Chatterjee and Shubham Batra NEW DELHI - The fiscal deficit for 2020-21 (Apr-Mar) is likely to be lower than the revised projection of 9.5% of GDP, a top finance ministry official told Informist. As per provisional estimates with...

Govt likely to launch third tranche of Bharat Bond ETF by Jun-end

Informist, Friday, Apr 9, 2021 --Source: Govt to soon ask PSUs on borrowing requirement for FY22  By Sagar Sen NEW DELHI – The government is likely to launch the next tranche of the Bharat Bond Exchange-Traded Fund by June-end and will ask public sector companies for their fund requirements soon, a senior finance ministry...

Informist Poll: Feb IIP growth seen falling to 6-month low of -3.1%

Informist, Friday, Apr 9, 2021 NEW DELHI – India's industrial output is expected to have shrunk 3.1% in February, the biggest decline in six months, according to the median of estimates by 20 economists Informist polled. Industrial growth was (-)1.6% in January and 5.2% in February 2020. The National Statistical Office is scheduled to detail the Index of...

RBI to purchase 250 bln rupees of 5 gilts on Apr 15 under new plan

Informist, Thursday, Apr 8, 2021 NEW DELHI – The Reserve Bank of India will purchase five government bonds worth 250 bln rupees under the G-sec acquisition programme on Apr 15, the central bank said in a press release today.  The central bank will purchase 4.48%, 2023 bond; 5.15%, 2025 bond; 6.79%, 2027 bond; 5.85%,...

Industry bodies write to Centre, seek more COVID jabs for Maharashtra

Informist, Thursday, Apr 8, 2021 By Satyanarayan Iyer PUNE – After the Maharashtra government complained about a severe shortage of COVID-19 vaccines, industry bodies have now written to Union Health Minister Harsh Vardhan making a case for more vaccines to be sent to the state. According to officials, Maharashtra has a vaccine stock that...

Govt pays 3.39 trln rupees in one shot to clean up FCI balance sheet

Informist, Wednesday, Apr 7, 2021 --Govt source: FCI's outstanding debt to small savings fund zero now--FY21 FCI debt repayment 1.19 trln rupees higher than aim--Paid 4.63 trln rupees to FCI as food subsidy in FY21--FCI's total debt 602 bln rupees as on Mar 31, 2021--FY22 food subsidy likely lower due to debt repayment By Adrija...

RBI Policy: Repo rate left unch at 4.00%, gilt buy plan launched

Informist, Wednesday, Apr 7, 2021 NEW DELHI – The Reserve Bank of India's Monetary Policy Committee today unanimously voted to leave the repo rate unchanged at 4.00% and maintain its accommodative stance. "The MPC decided to continue with the accommodative stance as long as necessary to sustain growth on a durable basis and...

RBI Policy: To extend TLTRO on-tap scheme by 6 months till Sep 30

Informist, Wednesday, Apr 7, 2021 MUMBAI – The Reserve Bank of India has decided to extend the on-tap targeted long-term repo operations scheme by six months till Sep 30, the central bank said in the Statement on Developmental and Regulatory Policies released today. The RBI had announced the scheme in October to increase the focus of liquidity measures in specific...

RBI Policy: To set up panel to review working of asset recast cos

Informist, Wednesday, Apr 7, 2021 MUMBAI – The Reserve Bank of India today proposed setting up of a committee to review the working of asset reconstruction companies and suggest measures to realise their full potential in resolution of stressed loans. This comes at a time when asset reconstruction companies have sought the central...

RBI Policy: No new explicit time-based forward guidance on stance

Informist, Wednesday, Apr 7, 2021 NEW DELHI - The Monetary Policy Committee did not provide a new explicit time-based forward guidance on how long it will maintain its current accommodative stance. The committee's statement today dropped the forward guidance it first provided in October and reiterated in December and February--that it had decided...


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