Informist, Tuesday, Mar 28, 2023 MUMBAI – Export-Import Bank of India will look to raise around $3 bln from offshore market and 200-250-bln-rupee debt from domestic market in 2023-24 (Apr-Mar), Managing Director Harsha Bangari told reporters on sideline of International Conference on G20 Trade Finance Cooperation. The government-backed development finance institution regularly taps overseas...
Informist, Tuesday, Mar 28, 2023 MUMBAI – Unlisted stock exchanges, clearing corporations and depositories entering into amalgamations, mergers, or any other scheme of arrangement permitted under the Companies Act 2013 will need to seek prior approval of the Securities and Exchange Board of India before filing the scheme with any court...
Informist, Monday, Mar 27, 2023 By Shiladitya Pandit MUMBAI – Demand for premium properties remained strong in the Jan-Mar quarter, even as the affordable housing segment continued to be relatively under pressure. Overall home sales rose 14% in the top seven cities of India during this period, with the share of premium category rising...
Informist, Friday, Mar 24, 2023--RBI: Board reviewed global, domestic economic situation MUMBAI – The central board of directors of the Reserve Bank of India held its 601st meeting today, at which it approved the regulator's budget for 2023-24 (Apr-Mar). At the meeting, the board also reviewed the global and domestic economic situation and associated challenges including the impact of current global...
Informist, Thursday, Mar 23, 2023 --US FOMC hikes federal funds rate target range 25 bps to 4.75-5.00%--Further policy firming may be apt to hit 2% inflation aim --Recent developments to weigh on econ activity, hiring --US banking system sound and resilient--Will factor in total rate increases before next hikes--Will account for policy lags...
Informist, Tuesday, Mar 21, 2023 --Govt source: Will endeavour to keep FY23 fiscal gap at 6.4% of GDP--Not too concerned over fall in small savings net inflow--Expecting a shortfall in customs mop-up in FY23 By Priyasmita Dutta and Sagar Sen NEW DELHI - The government will make every effort to keep fiscal deficit at the...
Informist, Tuesday, Mar 21, 2023--RBI: Jan FDI inflows $6.18 bln vs $6.51 bln Dec, $8.95 bln yr ago MUMBAI – Gross foreign direct investments into India were at $6.18 bln in January, down from $8.95 bln a year ago, data released by the Reserve Bank of India today showed. In December, FDI inflows were at $6.51 bln. On a...
Informist, Tuesday, Mar 21, 2023 NEW DELHI – At a time when the global economy is expected to slow down, India is better placed than many other countries and will maintain the pace of growth achieved this financial year ending March, according to a Reserve Bank of India staff paper. Global growth is expected...
Informist, Tuesday, Mar 21, 2023 NEW DELHI – The government should expedite efforts to conduct a new consumer expenditure survey to come out with a new CPI series and make the CPI consumption basket more relevant to the current household consumption behaviour, the Reserve Bank of India staff said in a paper today. The government had...
Informist, Monday, Mar 20, 2023 MUMBAI – The Department of Financial Services has invited applications for the post of deputy governor of the Reserve Bank of India by Apr 10, it said in a release today. RBI Deputy Governor M.K. Jain's term is coming to an end in June. Jain, a senior...
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