According to Finance Secretary Arvind Mayaram, The budget will revolve around growth-promoting policies. The govt will soon introduce new FDI policies. The govt will focus on reviving manufacturing sector which has seen a slump. Declogging the infrastructure is of priority as also the simplification of procedures and timelines will be set to ensure no delays to … [Read more...] about Budget To Focus On Growth Policies
RBI
Treat Foreign Investment Over 10% In Listed Firms As FDI: Panel
Recommendations by the panel on rationalising definitions of FDI and FII, headed by Finance Secretary Arvind Mayaram: Treat foreign investment of over 10% in a listed company as FDI. Treat investments by NRIs on a non-repatriable basis as domestic investment. Treat foreign investment in an unlisted company as FDI. Allow investment below 10% and treat it to FDI subject … [Read more...] about Treat Foreign Investment Over 10% In Listed Firms As FDI: Panel
Gold Prices May Drop Further
Gold prices are expected to fall to Rs. 24,000/10g. This may be due to easing of RBI controls due to the stabilization of rupee. Strengthening of US economy has resulted in the diversion of money into investments such as equities. In the domestic bullion market, gold has reacted about 10% and has traded at a higher premium over international market thanks to the … [Read more...] about Gold Prices May Drop Further
RBI’s Bi-Monthly Policy
RBI’s, in its first bi-monthly policy after elections has: Reduced the Statutory Liquidity Ratio (SLR) by 50 basis points to 22.5%. This will: Give banks more freedom to expand credit to the non-govt sector increasing their lending to private sector. Opens up the possibility of a large reduction of govt debt holdings by banks. Help infuse around Rs.40,000 crore into … [Read more...] about RBI’s Bi-Monthly Policy
Exporters Fret as Rupee Breaks Free
Rupee value goes up to Rs 58.62 to the dollar, highest in the last 11 months, goods and services exporters nervous RBI likely to step in to control rupee upswing in event of any volatility or disorder in markets, say some experts Other experts feel Rupee may be around 58-58.50 for some time now (a short to medium run) After NDA’s impressive showing at Lok Sabha polls more … [Read more...] about Exporters Fret as Rupee Breaks Free