The govt will adhere to its plan to borrow Rs 12.05 trillion in the year through March. FM Nirmala Sitharaman had earlier indicated that the govt may borrow about Rs 1.6 trillion extra.
The quick turn in sentiment came after the benchmark 10-year yield rose to its highest since March, accentuated by an RBI policy review held on 6 August.
Traders fear latest crackdown on China's education, food delivery & property sectors could expand to other industries, as it looks to tighten grip on Big Tech and reduce wealth gap.
Govt wants to sell 12.1 trillion rupees of bonds in next fiscal to support its spending plan, but central bank officials are reluctant to let the 10-year yield increase.
With asset values still seen as inflated, investors are waiting for a potential second downturn after stimulus measures end but before mass vaccinations enable economies to restart.
If there is bad blood between the CEC and the Opposition leaders, it will shake the people’s faith in election results. It’s the worst thing that could happen to Indian democracy.
Indian toymakers are now exploring new markets, but they want govt to negotiate a trade deal with US soon, introduce incentives and subsidies to make the industry more competitive.
The deal, believed to be paid for by a third nation, will give the Sudanese Armed Forces access to light attack aircraft, engines, armoured fighting vehicles & unmanned aerial vehicles.
Now that both IAF and PAF have made formal claims of having shot down the other’s aircraft in the 87-hour war in May, we can ask a larger question: do such numbers really matter?
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