Keeping the focus on fiscal consolidation

India has to compare its tax rates not with the more developed economies but with the ones that are closer home

Business Standard

The impact of Brexit on India could potentially come from either the trade channels or via tightening of financial conditions which then have a knock on impact on the real economy

If markets correct sharply, seize opportunity

India's macro parameters have improved significantly and provide reasonable protection against any global turmoil

The country is facing multiple macro challenges &mdash; high interest rates, slowing investments, depreciating currency and policy challenges &mdash; the list is long. The root cause of most of these problems is the elevated current account deficit (CAD) and a runaway fiscal deficit. The urgency with which these deficits need to be addressed cannot be emphasised enough.

Past actions will cause distress

State-owned India Infrastructure Finance Company Ltd (IIFCL) on Monday said it plans to raise about Rs 8,000 crore from borrowing, including from overseas institutions, during the January-March quarter.
"We had planned to raise Rs 29,000 crore during the current fiscal to fund business growth of 20 per cent. Out of that 75 per cent have been mobilised in the three quarters and 25 per cent would be done during this quarter," IIFCL Managing Director PR Jaishankar said on the sidelines of 20th foundation day of the company.
The company plans to raise USD 200 million through external commercial borrowing during this quarter, he said.
Besides, he said, the company has finalised blended finance of USD 600 million with the Asian Development Bank and Korean Exim Bank to expand its investor base and lower the borrowing cost.
First tranche of this, he said, about USD 200 million may come through this fiscal while the remaining may come in only in 2025-26.
"We are in touch with ADB, World Ba

Securitisation market booms as shadow banks diversify funding sources money investment coins

Union Home Minister Amit Shah on Monday vowed to eliminate Naxals from the country by March 2026 and asserted that the sacrifice of those killed by the extremists in Chhattisgarh will not go in vain.
Shah's comments came after eight jawans of the District Reserve Guard (DRG) and a civilian driver were killed after Naxals blew up their vehicle with a powerful improvised explosive device (IED) in Chhattisgarh's Bijapur district.
"I am deeply saddened by the news of the loss of DRG soldiers in an IED blast in Bijapur (Chhattisgarh). I express my deepest condolences to the families of the brave soldiers.
"It is impossible to express this grief in words, but I assure you that the sacrifice of our soldiers will not go in vain. We will end Naxalism in India by March 2026," he said in a post on 'X' in Hindi.
This was the biggest strike by Maoists on security forces in the state in the last two years and the first assault in 2025.

Amit Shah, Home Minister

Mumbai (Maharashtra) [India], January 6: Softcell Technologies Global Private Limited, a leading Systems Integrator in India, is proud to announce its successful empanelment by the Indian Computer Emergency Response Team (CERT-In) as an official Information Security Auditing Organisation. This significant achievement underscores Softcell's commitment to excellence in cybersecurity and its dedication to ensuring the highest standards of information security for organisations across India.

Softcell Technologies Global Achieves Prestigious Empanelment by CERT-In as an Information Security Auditing Organisation

Mumbai (Maharashtra) [India], January 6: At 0150 hrs IST on 25 Dec 24, Kaamya Karthikeyan, the 17-year-old mountaineer, successfully completed her most ambitious expedition by summiting Mt. Vinson Massif in Antarctica. This remarkable achievement marks the completion of her Seven Summits Challenge, making her the youngest female climber in the world to conquer the highest peak on all seven continents. Kaamya was supported on this extraordinary journey by Bisleri Vedica Himalayan Spring Water, sourced from the Himalayas, embodying her spirit of being #FullOfAltitude.

17-Year-Old Kaamya Karthikeyan Achieves Historic Seven Summits Milestone, Summits Mt. Vinson Massif with Bisleri Vedica

Bangalore (Karnataka) [India], January 6: Movate, a leading digital technology and customer experience (CX) services company, is pleased to announce the appointment of Srijit Menon as its Executive Vice President and Chief Revenue Officer (CRO) for Digital Services. In this pivotal role, Srijit will oversee Global Sales and Account Management across Movate's key service lines, including Digital Infrastructure, Digital Engineering, Enterprise Products, and Content  &amp;  Data Services. He will drive transformative growth through a consultative, outcome-based approach that enhances Movate's leadership in the evolving digital services ecosystem by building strategic partnerships with global clients.

Movate Appoints Industry Veteran Srijit Menon as Chief Revenue Officer for Digital Services to Drive Strategic Growth and Transformation

From FII selling to fears around HMPV virus, here's why the Indian markets crashed on Monday, January 7, 2025

bear market, stocks, sensex, nifty, loss, growth, crash, index

Markets Today Highlights: All sectoral indices ended in the red, with Nifty PSU Bank being the worst hit, ending down by 4 per cent, dragged by Union Bank of India, and Bank of Baroda

markets

Stocks to Buy Today for Upside, Jan 6, 2025: TATAMOTORS has witnessed a steep correction of nearly 40 per cent from its peak of Rs 1,179 in the past five months and has plummeted to oversold terrain

tata motors

The rupee has been hovering above Rs 85 mark vis-a-vis the US dollar in the recent past

medicine

While HMPV may affect anyone with a weakened immune system, young children and people above the age of 65 are at higher risk

Human Metapneumovirus (HMPV)

The National Centre for Disease Control (NCDC) is also monitoring respiratory and seasonal influenza cases, official sources told news agency ANI

Coronavirus, Covid-19

The latest order instructs ONGC and GAIL to divert 0.637 MMSCMD of gas, currently utilised for LPG production, towards CGD. Currently, 2.55 MMSCMD of gas is used for LPG production

natural gas

China on Friday played down reports of a massive outbreak of flu in the country overwhelming hospitals, saying that cases of the respiratory diseases which occur during the winter were less severe this year compared to last year.
The Foreign Ministry here said it is safe for foreigners to travel to China.
Respiratory infections tend to peak during the winter season in the northern hemisphere," Chinese Foreign Ministry spokesperson Mao Ning told the media here in response to a question on the spread of influenza A and other respiratory diseases in China.
Videos circulating on social media show overcrowded hospitals.
"The diseases appear to be less severe and spread with a smaller scale compared to the previous year," she said.
I can assure you the Chinese government cares about the health of Chinese citizens and foreigners in China. It is safe to travel in China," she said.
She also referred to guidelines issued by the National Disease Control and Prevention Administration of Chin

MFs have the largest institutional buyers in the equity market in two of the last three years - 2022 and 2024. In 2023, they were only slightly behind foreign institutional investors (FIIs)

Mutual Funda

The Maldives is a "very concrete" expression of India's neighbourhood first policy and New Delhi has always stood by the island nation, External Affairs Minister S Jaishankar said while hosting his Maldivian counterpart Abdulla Khaleel for talks.
In his opening remarks at the meeting, Jaishankar noted the finalisation of a framework to promote the use of local currencies for cross border trade between India and Maldives besides listing New Delhi's financial assistance to Male to help it deal with economic stress.
Both sides signed a Memorandum of Understanding for implementation of high impact community development projects under phase-III in Maldives through grant assistance from India.
In his comments, Khaleel reaffirmed President Mohamed Muizzu's firm commitment to work closely with New Delhi in realising the joint vision for India-Maldives comprehensive economic and maritime security partnership.
Khaleel arrived here on Thursday on a three-day visit to explore ways to bolster .

S Jaishankar, Jaishankar, Abdulla Khaleel

In smaller Indian cities and towns, where opportunities for advancement are few and dwindling, the nounis emerging as something of a social and cultural phenomenon

Phone, social media, mobile phones

The vaccines allowed Covid to be treated as an aberration, but we must not forget what it really was: A preview of the kind of planetary challenges that await us

India covid cases

As day 2 progressed in Sydney, Bumrah was seen going off the field just before lunch and was seen in training gears.

Jasprit Bumrah

The shooting unfolded in the 1500 block of Harry Thomas Way Northeast, located just 500 feet from the NoMa-Gallaudet U New York Avenue Metro station

Shooting, Gun

In Bihar Nitish Kumar has reaped a huge dividend from the votes of women over the years, especially from low-income groups

Prabhat Awasthi

Prabhat Awasthi

Prabhat Awasthi

Keeping the focus on fiscal consolidation

If markets correct sharply, seize opportunity

If markets correct sharply, seize opportunity

Past actions will cause distress

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IIFCL plans to raise about Rs 8,000 cr from borrowing during Jan-Mar qtr

Amit Shah vows to eliminate Naxals by March 2026 after Chhattisgarh attack

Softcell Technologies Global Achieves Prestigious Empanelment by CERT-In as an Information Security Auditing Organisation

17-Year-Old Kaamya Karthikeyan Achieves Historic Seven Summits Milestone, Summits Mt. Vinson Massif with Bisleri Vedica

Movate Appoints Industry Veteran Srijit Menon as Chief Revenue Officer for Digital Services to Drive Strategic Growth and Transformation

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HMPV virus, Trump inauguration, FII selling: Why Sensex crashed 1400 points

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Weakening rupee may not be shot in the arm for India's pharma exporters

HMPV poses great risk for children, can lead to severe illness