Economy & Policy

SAT partially upholds SEBI penalty order in Reliance Petro F&O case

Informist, Monday, Dec 4, 2023 --SAT upholds SEBI order against RIL in Reliance Petro shrs, F&O case--CONTEXT: SEBI had fined RIL 250 mln rupees in Reliance Petro case--SAT quashes SEBI order against Mukesh Ambani in Reliance Petro case--CONTEXT: SEBI fined RIL Ambani 150 mln rupees in Reliance Petro case--SAT quashes SEBI...

RBI Policy: Who expects what from the MPC on Dec 8

Informist, Monday, Dec 4, 2023 MUMBAI – The following are expectations of economists, treasurers, and mutual fund managers from the Reserve Bank of India's Monetary Policy Committee, whose meeting begins on Tuesday, with the decision due on Friday: SONAL VARMA, MANAGING DIRECTOR AND CHIEF ECONOMIST (INDIA AND ASIA EX-JAPAN) AT NOMURADespite stronger growth, core disinflation has continued,...

Tata Group-controlled airlines raise $350 mln via overseas debt Oct

Informist, Monday, Dec 4, 2023 MUMBAI – Months after placing one of the world's largest-ever aircraft orders, Air India has begun raising funds through overseas debt. Tata Group-controlled Air India raised $240 mln via external commercial borrowing in October after raising $120 mln in September, according to Reserve Bank of India data. Air India...

Exit polls show Cong has edge in Chhattisgarh, BJP in Madhya Pradesh

Informist, Thursday, Nov 30, 2023 NEW DELHI – The Congress party is likely to hold on to Chhattisgarh, besides wresting control of Telangana from the Bharat Rashtra Samithi, most exit polls have predicted today. Some polls showed the Bharatiya Janata Party retaining power in Madhya Pradesh, while others have projected a tight race...

RBI says got back 97.3% of 2,000-rupee banknotes as of Thu

Informist, Friday, Dec 1, 2023 --RBI: 2,000-rupee banknotes continue to be legal tender --RBI:Got back 97.3% of 2,000-rupee notes in circulation as on May 19 --RBI: 97.6 bln rupees of 2,000-rupee notes left in system as of Thu  MUMBAI – The Reserve Bank of India today said it has got back 97.3% of the...

RBI, BoE sign MoU for cooperation, information exchange on CCIL

Informist, Friday, Dec 1, 2023 --RBI: Signed MoU with BoE on information exchange related to CCIL--RBI: BoE to rely on RBI's regulation, supervision over CCIL--RBI: MoU with BoE on CCIL cooperation safeguards UK fincl stability--RBI:BoE to assess CCIL proposal as 3rd-country central counterparty--CONTEXT:CCIL applied to BoE for 3rd-country central counterparty Jan NEW...

IMD sees fewer cold-wave days over most parts of India this winter

Informist, Friday, Dec 1, 2023 --IMD: Fewer cold wave days seen in east, northeast India in Dec-Feb --India Dec rains seen above normal at 121% of long-period avg --South India Dec rains seen normal at 69-131% of long-period avg --Fewer cold wave days seen in northwest, central India Dec-Feb --Above normal minimum temperature seen over...

Data Alert: Nov GST mop-up rises 15% on year to 1.68 trln rupees

Informist, Friday, Dec 1, 2023 --India Nov total GST mop-up 1.679 trln rupees vs 1.720 trln Oct--India Nov Central GST mop-up 304 bln rupees vs 301 bln Oct--India Nov State GST mop-up 382 bln rupees--India Nov Integrated GST mop-up 870 bln rupees vs 913 bln Oct--India Nov GST cess mop-up 123 bln rupees vs 125 bln Oct--India Nov total GST collections up 15% on year--Centre's Nov GST revenue post-settlement 683 bln rupees --States' Nov GST revenue post-settlement 698 bln rupees NEW DELHI – India's goods and services tax collections grew 15.1% on year to 1.679 trln...

No mention of census yr in Fin Commission terms, fin min source says

Informist, Thursday, Nov 30, 2023 By Krity Ambey NEW DELHI – The terms of reference for the 16th Finance Commission have not mentioned any census year, which will form the basis for the commission's recommendation on devolution of taxes to states, a finance ministry official said. "It is a strange situation where we did...

Satta bazaar bets on BJP win in Rajasthan, Cong in two central states

Informist, Thursday, Nov 30, 2023 By Vivek Kumar MUMBAI – India's betting market, the 'satta bazaar', is abuzz with activity ahead of the results to the last set of Assembly polls before the big General Elections next summer. And the equity market is keeping a close eye. According to market players, the satta bazaar is...


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