The government on Wednesday approved issuance of the 21st tranche of electoral bonds that will open for sale from July 1. Electoral bonds have been pitched as an alternative to cash donations made to political parties as part of efforts to bring transparency in political funding. State Bank of India (SBI), in the 21st phase of sale, has been authorised to issue and encash electoral bonds through its 29 authorised branches with effect from July 1 to July 10, the finance ministry said in a statement. The authorised SBI branches include those in Lucknow, Shimla, Dehradun Kolkata, Guwahati, Chennai, Patna, New Delhi, Chandigarh, Srinagar, Gandhinagar, Bhopal, Raipur, and Mumbai. Assembly elections are due in Gujarat and Himachal Pradesh later this year. Polls for five states -- Uttar Pradesh, Uttarakhand, Punjab, Himachal Pradesh and Goa -- concluded in March this year. The 20th tranche of bond sales took place from April 1 to April 10, 2022. The sale of the first batch of electoral b
They outshine short-duration funds: Fund managers
Stocks fell on Thursday as investors took fright after Russia reports of firing in Ukraine, while traders sought safety in government bonds and oil clawed back some of its heavy early losses.
Standard Chartered's Sahay said the gap between investments and advances will narrow only gradually
A weaker Rs, slower growth, and higher inflation could lead to investors focusing on export-oriented stocks
Higher inflation tolerance will increase risks
The RBI allotted an amount of Rs 25,012 crore, with a pro-rata allotment percentage to 92.27 per cent
If you are tempted to increase your allocation to schemes C and G based on past year's returns, avoid doing so
All eyes are now on the government's financing plans for the fiscal second half due today, with traders concerned that the authorities could increase bond sales beyond the Rs 2.68 trillion set earlier
Foreign portfolio investors own around 4.5 per cent of the total outstanding debt