Rakesh Jhunjhunwala often spoke at length about wealth creation. Many enthusiasts, learners and experts wanted to learn more about stock market investing from Big Bull. So, they asked him many questions. However, there were times when he faced slightly-unusual questions. Jhunjhunwala was once asked how it felt to be rich in a poor country. In … Read more
GST collections rose 28% to Rs 1. 49 lakh crore in July, making it the second highest monthly collection since the new tax regime kicked in a little over five years ago. The July numbers, which represent transactions in June, were bolstered by buoyant imports with revenues from that segment increasing 48%, compared to a … Read more
Key reasons for this dilemma and my take on them. Checkout if it makes sense to you.
Expecting the banking sector’s financial fundamentals to improve ahead, Moody’s in its research note said, declines in loan-loss provisions and increases in net interest margins will boost banks’ profitability. Capitalization, funding, and liquidity will be stable and support loan growth. In Moody’s opinion, banks operating environment will be stable as the economy gradually recovers from … Read more
The Reserve Bank on Friday slashed economic growth projection to 7.2 per cent for the current fiscal from 7.8 per cent estimated earlier amid volatile crude oil prices and supply chain disruptions due to the ongoing Russia-Ukraine war. However, the central bank asserted that it will use all available tools to defend the Indian economy. … Read more
Cumulative FPI outflows touched record $14.6 bn, of which March alone saw them taking out $5.4 bn After the record $23 billion of additional investments in domestic equities in FY21, foreign funds have massively slashed their fresh exposure to the country to $3.7 billion in FY22, also pairing down their holdings in the NSE 500 … Read more
India’s macroeconomic fundamentals remain strong but the unfolding global developments pose downside risks in terms of spillover, the Reserve Bank of India (RBI) said in its monthly bulletin on Thursday. “The ongoing geopolitical crisis has heightened the uncertainty clouding the global macroeconomic and financial landscape even as the world economy struggles to recover from the … Read more
The story so far: In the Union Budget for 2022-23, the Government has ramped up its capital spending plans to a record 2.9% of the GDP to revive the economy, with an ambitious borrowing plan and a target to reduce fiscal deficit level to 6.4%. Rating agencies, concerned about India’s heightened general government debt levels … Read more
NEW DELHI: The Reserve Bank of India‘s (RBI) monetary policy committee (MPC) on Wednesday unanimously decided to keep repo rate unchanged at 4 per cent for the tenth consecutive time and continued with the accommodative stance. Repo rate is the rate at which the RBI lends to banks, while reverse repo rate is the rate … Read more