It is important for each investor now to review the asset allocation of mutual funds to ascertain whether such funds would be impacted by the proposed amendment
The nine-member panel also includes Tharman Shanmugarathnam, a Senior Minister and former deputy prime minister of Singapore
In a letter to Goyal, the minister of consumer affairs, food and public distribution, the CM said that Odisha became a decentralised procurement state from the Kharif Marketing Season (KMS) 2003-04, and since then, it has been undertaking MSP (minimum support price) operations for procurement of paddy in a decentralised mode.
Is the worst of the global banking crisis behind us? Jim Rogers, Author of Street Smarts: Adventures on the Road and in the Markets and Chairman of Rogers Holdings shares his views on the Silicon Valley Bank (SVB) collapse and Credit Suisse turmoil, and on global central banks, and their attempts to tame soaring inflation. In an exclusive interview with Moneycontrol’s Senior Consulting Editor, N Mahalakshmi, he also shares his thoughts on where India stands when compared to other emerging markets and whether gold holds more clout over equities as an asset class at the current juncture. Watch!
Russia shifted its oil exports to India and China last year as European Union nations sought to end their reliance on Russian energy supplies after Moscow sent troops into neighbouring Ukraine.
Addressing the annual session of Assocham, Amit Shah said, without the development of the country's infrastructure and reduction of logistics costs, development was not possible.
The first meeting of the G20 Trade and Investment Working Group began today in India's financial capital, Mumbai. However, developments a continent away may again dominate talks
Frenzy of activity across the region contrasts sharply with Europe’s moribund market
Addressing the '8th Smart Cities India Expo', Gadkari also stressed the need of developing smart cities and villages through the PPP model.
At a conference in Frankfurt last week, representatives from the European Central Bank spoke confidently of the strength of the financial regulations and the intensity of the banking oversight in the 20-country bloc that uses the euro currency. Still, in the room, there was a wariness about what might happen next, with few convinced that the dust from the recent turmoil had settled.
The multilateral institution says nearly all forces that drove economic progress over the last 30 years are fading and the global economy's speed limit is on track to fall to a three-decade low by 2030
Only 40 percent of rural economy is agriculture, and services and manufacturing account for a substantial chunk of rural incomes.
In the quarterly economic update for Asia-Pacific, S&P saw inflation rate easing to 5 per cent in 2023-24 fiscal, from 6.8 per cent in the current financial year.
Gold futures in the second-biggest consumer jumped to a record 60,455 rupees ($734) per 10 grams last week.
The report also highlighted that the global economic recovery has been uneven, with some countries and sectors recovering faster than others. This uneven recovery has led to growing economic imbalances and vulnerabilities, which could increase the risks of financial instability.
A maximalist culture of bailouts and state support is bloating and thereby destabilising the global financial system
Rajasthan's has set the ball rolling on universal healthcare giving access to both public and select private healthcare facilities
Most of the growth has been in the services sector, while manufacturing has been contracting
The amendment to the finance bill fails to address the larger issue of varied capital gains tax liability across different assets, creating more confusion
A report by the Committee on the Global Financial System in 2018 said that a sharp rise in interest rates after a prolonged period of very low rates would destabilise banks, insurance companies and private pension funds
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Other commodities of mass usage also jumped to a record high, with the prices of cigarettes rising by 165.88 percent, tea by 94.60 percent, basmati broken rice by 81.22 percent and eggs by 79.56 per cent, while energy prices also continued to soar further, as cooking gas charges climbed by 108.38 percent, diesel by 102.84 percent and petrol by 81.17 percent.
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The biggest casualty is clearly the debt market since mutual funds were the only parties that bought and sold corporate bonds in the debt market. Insurance and pension funds and even banks are usually hold-to-maturity buyers. So the vibrancy in the debt market is bound to be hurt if debt funds don’t get incremental money.
What is the connection between the banking crisis, Mary Poppins and Ben Bernanke's bottle of scotch? Read on to know