Energy Minister Kanchana Wijesekera says price hike still has mixed results with profits and losses Manages to make profits from all petrol products and super diesel, while incurring losses from kerosene and auto diesel Admits to instructing Govt. for a partial lockdown to limit travel given the fuel shortage Token … Read more
Fresh debate over merits of sudden flotation of the rupee Total outstanding Govt. debt tops Rs. 20 b mark to Rs. 21.7 t end March from Rs. 17.6 t Foreign debt share is 44%; at current exchange rate figure is $ 26.5 b By Nisthar Cassim … Read more
Undaunted by the massive sell-off by foreign portfolio investors (FPIs) from the Indian stock markets, domestic institutional investors (DIIs), led by mutual funds and insurance companies, have invested Rs 2,88,167 crore in the stock market (excluding debt and IPOs) since November 2021. According to stock exchange data, FPIs have pulled out Rs 3,54,285 crore in … Read more
Continuing to desert Indian equity markets and Foreign investors pulled out close to Rs 46,000 crore so far this month following monetary policy tightening by the Reserve Bank and US Federal Reserve, high oil prices, and volatile rupee. The net outflow by foreign portfolio investors (FPIs) from equities reached Rs 2.13 lakh crore unitll now … Read more
TNN Mumbai: The Reserve Bank of India (RBI) plans to undertake fewer rate hikes than other markets and bring back inflation within its target in two years, a top official said on Friday. At the same time, it hopes that inflation can ease earlier if the monsoon brings in a more benign outlook on food … Read more
Sri Lanka is in a crisis. Covid-19 has sent the economy into a tailspin, and it is in free fall now. Its Prime Minister Ranil Wickremesinghe recently said that the country’s economy has “collapsed”. The spillover of the crisis has reached Indian shores too. ITC has said that its first … Read more
MUMBAI: The revival of economic activity continues to be steady and is gaining traction, and RBI is on track to bring down inflation and inflationary expectations, governor Shaktikanta Das has said. “GDP has exceeded 2019-20 levels, and from April 2022 onwards, many high-frequency indicators we monitor are showing steady improvement. The economy is back on … Read more
The State Bank of Vietnam (SBV) has affirmed that it will apply a flexible monetary policy amid global uncertainties Since early 2022, the international financial market has experienced complicated movements. Russia-Ukraine tensions have had a negative impact on the global economic and financial system, affecting fuel prices and basic commodities, and exacerbating the consequences of … Read more
Mumbai: Unabated foreign fund selling in the domestic market and the strength of the dollar against some major currencies took a heavy toll on the rupee on Wednesday. The Indian currency weakened to a record intraday low of 78.39 to the dollar and closed just a tad off that level at 78.38, still 30 paise … Read more
BOI Chairman Raja Edirisuriya and Director General Renuka M. Weerakone exchange the agreement with KSPA Directors Saveen Abeyratne and Sonali Abeyratne Plans to set up pulp mill in second phase to recycle waste paper and produce wet pulp for exports … Read more