The US Fed last month cut interest rates for a third time this year, citing a combination of trade-policy uncertainty, slowing global growth & below-target inflation.
Now would be a good time for the govt to revisit the sovereign bonds sale as the corporate tax cut sent the benchmark bond yield surging the most since February 2017.
Goldman Sachs & Citigroup lowered growth projections to 6% for FY20, while Oxford Economics said there’s a risk the expansion could be weaker than that.
With the economy facing a slowdown, the Reserve Bank of India Wednesday cut the repo rate by 35 basis points in its fourth consecutive policy rate cut this year.
Traders said the market was awaiting specific steps to shore up liquidity and address the crisis of confidence in the troubled Non Banking Financial Company (NBFC) sector.
Fourteen million refugees, and 25 million facing acute hunger, should be reason enough for the world to dismantle the dystopia in Sudan — even if the sadism of its rulers is not.
Once seen as a fading presence on India’s investment & startup picture, the state is slowly moving up the ladder, with policy reforms & infrastructure building.
Agreement signed during 17th Joint Working Group (JWG) on defence cooperation. Defence Secretary Rajesh Kumar Singh met Director General in Israeli Ministry of Defence Amir Baram Tuesday.
This world is being restructured and redrawn by one man, and what’s his power? It’s not his formidable military. It’s trade. With China, it turned on him.
Muted inflation was the only silver lining. The RBI should stay ahead of the curve in dealing with this spike.