Using the debt-to-GDP ratio as a fiscal anchor aligns with efforts to promote fiscal transparency through proper disclosure of off-budget borrowings. In 2018, the central government amended the Fiscal Responsibility and Budget Management (FRBM) Act, 2003, targeting to reduce the
‘The pain can be more in the days ahead.’ A man stands in front of a screen displaying news of markets updates inside the Bombay Stock Exchange building in Mumbai. Photograph: Francis Mascarenhas/Reuters The market correction in India since
Reserve Bank of India (RBI) Governor Sanjay Malhotra said the repo rate cut in the February meeting of the monetary policy committee (MPC) was due to inflation aligning with the target and recognising the fact that monetary policy is forward-looking.
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Bharti Airtel-owned Indus Towers Limited on Saturday, February 22, announced that the rating firm Crisil Ratings had upgraded its ratings for the long-term bank loan facilities and its ₹1,750 crore bonds to “Positive” from its earlier level of “Stable,” according
Snapping the three-week rising streak, India’s forex reserves dropped by $2.54 billion to $635.72 billion in the week ended February 14, the RBI said on Friday. Photograph: Dado Ruvic/Reuters In the previous reporting week, the reserves had increased by $7.65
Jio Financial Services Ltd and Zomato Ltd will enter the National Stock Exchange’s benchmark Nifty 50 index from March 28. Photograph: Francis Mascarenhas/Reuters As per the revisions, Bharat Petroleum Corporation (BPCL) and Britannia Industries Ltd will be excluded from the
Vedanta Ltd on Friday said it has been declared as preferred bidder for a diamond mine in Madhya Pradesh. Photograph: Danish Siddiqui/Reuters/Reuters The company said it is the highest bidder with a final price offer of 1.10 per cent. “The
Equity benchmark indices Sensex and Nifty ended lower on Friday, dragged by auto stocks and relentless foreign fund outflows. Photograph: Shailesh Andrade/Reuters Weak US markets and tariff threats also dented investor sentiment. The 30-share BSE benchmark Sensex dropped 424.90 points
JSW Energy share price gained in Friday’s trade following an optimistic research note from global brokerage Morgan Stanley, which sounded confident in the company’s integrated business model, recognising it as one of India’s top utility firms positioned to capitalise on
