Why Jaitley is under no pressure to present a populist Budget
January 15, 2018 A view, currently shared by a large number of people, is that the Union government’s Budget for 2018-19 will be populist. The argument is that this will be the last full Budget of the Modi government in its current tenure. Hence, it will make sense for Finance Minister Arun Jaitley to dole […]
Oil reaches multi-year highs despite signs of overheated market
LONDON : – Oil prices hit multi-year highs on Thursday despite warnings that a 13 percent rally since early December was close to running its course. Brent crude futures rose 27 cents to $69.47 a barrel at 1039 GMT, its highest since an intra-day spike in May 2015. U.S. West Texas Intermediate (WTI) crude futures […]
India’s Sensex ends 28% higher, Nifty50 by 29% in 2017
Mumbai, Dec 29 : India’s key equity indices — Sensex and Nifty50 — closed calender year 2017 higher by 28 per cent and 29 per cent respectively. The barometer 30-scrip Sensitive Index (Sensex) of the BSE closed at 34,056.83 points — up 27.90 per cent — from last year’s close at 26,626.46 points. The broader […]
Fiscal deficit breaches FY18 target at Nov-end
New Delhi, Dec 29: India’s fiscal deficit at the end of November breached the target and touched 112 per cent of the budget estimate for 2017-18 mainly due to lower GST collections and higher expenditure. In absolute terms, the fiscal deficit — the difference between expenditure and revenue — was Rs 6.12 lakh crore during […]
Sensex, Nifty50 at new peaks; extend bull run for 3-weeks
Dec 23 : The key Indian equity indices rode the bulls for the third consecutive week and scaled new peaks ahead of the extended Christmas weekend as sentiments were boosted by the Gujarat election results, along with global cues and infusion of funds by domestic institutional investors (DIIs). In another development, the week ended on […]
RBI brings Bank of India under corrective action
December 20, 2017 The RBI has initiated a ‘prompt corrective action’ against Bank of India for mounting bad loans, placing various restrictions on it including issuing of fresh loans and dividend distribution, BoI said on Wednesday. In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action […]
JK Bank organizes Preventive Health Check Up Camp for employees at Jammu
Jammu, :. Parvez Ahmed, Chairman and CEO, J&K Bank today launched comprehensive preventive Health Check up campaign for its employees in Jammu in association with its General Insurance partner Bajaj Allianz General Insurance Company under latter’s nationwide campaign “Dil ko Dhadakne Do”. The campaign was launched in presence of Chief Distribution Officer Bajaj Allianz, Mr.T.A. […]
Equity indices surge as BJP set to win, Sensex up 300 points
18 December 2017 The BSE Sensex surged by over 300 points during the mid-afternoon trade session on Monday after counting trends indicated a victory for the BJP in both Gujarat and Himachal Pradesh Assembly elections. Both the key Indian equity indices traded higher by almost one per cent, cheered by the certainty that the ruling […]
GST Council Clears E-Way Bill Mechanism For Movement Of Goods
December 16, 2017 New Delhi: The all-powerful GST Council has approved mandatory compliance of e-way bill for intra-state movement of goods from June 1, 2018, sources said. The Council has fixed February 1 as the compliance date for inter-state movement of goods, sources in the panel added. The e-way bill facility bill be available for […]
Sensex jumps 216 points after exit polls give BJP an edge
December 15, 2017 Exit polls showing the BJP winning Gujarat and Himachal Pradesh assembly elections gave a fresh push to domestic markets on Friday, with the benchmark Sensex climbing over 216 points, up for the second session. Key indices Sensex and Nifty started the day on a strong footing after the exit polls predicted a […]
