Govt & RBI have held talks with JPMorgan emerging markets bond index , but index managers need approval from investor committees. Announcement expected to take at least 2 quarters.
Bond yields globally are declining and bonds in India are less enthused given the lack of clarity on the govt’s spending plans and its foreign debt debut.
A news report claims the PMO is opposed to selling debt in foreign currencies, a day after a top finance ministry official overseeing the sale was transferred.
Finance Minister Nirmala Sitharaman announced the offshore bond sale plan in the annual budget, at a time when options to raise funds to boost infrastructure spending are shrinking.
Indian cuisine is rooted in fresh ingredients, rich spices with antimicrobial properties, and time-tested cooking methods. We are not a freeze-and-serve fast food nation.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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