Posted at 11:18 AM , on August 13, 2019
In the midst of a tumultuous week when most of the action was focused on Kashmir, the monetary policy and the global macro risks; SEBI tightened the screws on mutual funds a little further. In its last board meeting, SEBI had come out with a series of norms for MFs to become more transparent in their practices. This week, SEBI has gone a step further and rightly so.
Posted at 11:12 AM , on August 13, 2019
During the week, the People’s Bank of China (PBOC) did something that global markets were apprehending for a long time. It let the Yuan slip below the CNY7/$ mark and that led to a near panic situation among most emerging markets, including India. For China, it was a logical response to the US move to raise tariffs by 10% on goods worth $300 billion. First, what exactly is this trade war implication?
Posted at 11:09 AM , on August 13, 2019
On 05th July, the government passed a presidential ordinance scrapping Article 370 altogether. This was the document that had assured a special status for the state of Kashmir. Under Article 370, the Kashmir state government had total powers in all areas except in defence, foreign affairs and communication. So, what exactly does the abrogation of Article 370 really mean?
Posted at 11:00 AM , on August 13, 2019
Posted at 11:13 AM , on August 5, 2019
With Union Budget 2019 announced, there were quite a number of issues that became the bone of contention. Four issues really stood out in the budget. Firstly, government planned an issue of sovereign bonds. Secondly, the buyback tax was introduced. Thirdly, the surcharge on HNIs was increased which impacted FPIs in the process. Lastly, the budget also made a proposal to increase mandatory public shareholding in listed companies from 25% to 35%. Apart from the buyback tax, the government has done a U-turn on the other three.