Friday, 27 May, 2022
TopicBond Market

Topic: Bond Market

India could raise $10 billion in first foreign bond sale

Though the idea of a sovereign bond has been discussed in the past, it was never pursued. Some former central bankers opposed it given the risks from currency fluctuations.

Bond traders have challenge spotting India’s hidden, growing debt

There are growing expectations that the government will do an accounting sleight of hand to keep its deficit in check.

Worst growth in decade for India’s corporate bond market fuels worries

Pace of growth of India’s bond market has generally been slowing since 2017 and marked its lowest rate in over a decade in May at 9.7%.

SEBI’s new focus on rating agencies is the first step towards bond market reform

The IL&FS crisis laid bare the problems facing India’s bond markets. Now, there is a need to build deep and liquid markets via regulatory reform.

No relief for investors after RBI is seen curtailing its support for the bond market

RBI may buy Rs 1.7 trillion of debt in the year starting April 1, compared with an estimated record Rs 3 trillion spent on such purchases this fiscal period.

Despite big-bang reforms by Modi govt, two withdrawn bills make the glass half full

Much-needed reforms in bond market and banks were sidestepped, reducing the positives of measures like bankruptcy code and inflation targeting.

Indonesia grabs the upper hand over India in battle of high-yielding bond markets

Comparison between the two Asian economies is common given their similarities, and that’s especially true this year.

Indian tax revenues fail to meet targets five months in a row, raise doubts on borrowing plan

Traders say the gap between the target and actual collection may undermine the government’s plan to cut its borrowing for the year by 700 billion Rs.

The message for India from US Fed: Open up bond market or risk flight of capital

India is debating whether to open the country's debt markets wider to foreigners, to as much as 8 percent of outstanding bonds, from 5 percent currently. A 1 percentage point increase in the limit may attract 800 billion rupees.

On Camera

YourTurn

Pakistan Prime Minister Shehbaz Sharif and former PM Imran Khan | Photos from Facebook

Jinnah said Pakistan would be a ‘laboratory’. Experiments by Imran, Shehbaz prove him so right

If Yasin Malik’s sentence is a call for condemnation, then why is the establishment forgetting Hafiz Saeed? But neither Shehbaz nor Imran Khan would take note.

RBI sets aside more money for rainy day, payout drops

The central bank approved the transfer of 303.1 billion rupees to the government from its surplus funds, a third of the 991.2 billion rupees it had given last year.

Defence

NSA Ajit Doval with NSAs from the other countries at the meeting at Dushanbe, Tajikistan | Photo: Courtesy the NSA's office

NSA Ajit Doval pushes for ‘terror free’ Afghanistan, says India stands with Afghan people

Doval's comments came at 4th Regional Security Dialogue on Afghanistan attended by national security advisors from Tajikistan, India, Russia, Kazakhstan, Uzbekistan, Iran, Kyrgyzstan & China.

Mandir or Masjid? New surveys not needed, just acceptance of truth & move towards reconciliation

That temples were destroyed and mosques built is undisputed history. The past can’t be changed, but we can’t deny the wrongs of the past either before we consider reconciliation.
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