Author: Ishika.Dhabuwala

RBI has set up new set of rules and regulations which might seem to cause some financial institutions, companies and banks to increase some home loan EMIs, which causing an impact, becomes a constraint for the borrowers from the eligibility of taking loans. Introduction to cause and effect As RBI’s action of implementation of new rules on the basis of loans, has significantly reduced the eligibility of the borrowers. The action undertaken by the central bank has compelled the commercial banks and other financial companies and institutions to make an increase in the Equated Monthly Installments (EMIs), for selective home…

It is expected that the gold will stay under the pressure in international markets amid the situation of a strong dollar index (DXY), and high range of US bond yields, with significant impact on the local prices, additional to the resume of trading in the next week.  Views and opinions of the experts Anuj Gupta is an expert in the Head Commodities and currency at HDFC Securities, who gave the statement that gold has been losing its intriguity over fears of inflanatory situations and continuity of high interest rate reign in the international markets, for much longer anticipated period.  He…

As the festive season approaches, domestic consumer passenger vehicles sales are all set to experience a boost. The top car manufacturers of India include, Maruti Suzuki, Ashok LeyLand, Hyundai Motor Company, Tata Motors, Mahindra and Mahindra, Kia Corporation, Toyota Motor Corportaion, Honda, Renault, MG Motor, and Skoda Auto. Of all the corporations, Maruti Suzuki is the major dominant in the automobile industry, having a market share of 44.2 percent. Hyundai Motors and Tata motors are second and third leading car manufacturers after Maruti Suzuki, with market share of 14.5 percent and 13.2 percent respectively.  Introduction to vehicles’ sales The festive season…

The government of India has plans to reduce the excise duty on petrol and diesel in order to curb inflation. After the decision of the government to import wheat from Russia to curb food inflation, the government is all onto this new step to spread the range of facing inflation and creating a bigger impact.  Introduction In many parts of India, in the current times, the prices of petrol and diesel have been hovering over the mark of Rs 100 per litre. With the international price temporary rise and fall, uneven changes, the oil marketing companies, OMC were compensating for…

The talks have been going around that mention India to consider imports from russia, which is more than just Crude oil. India is rumoured to import wheat from Russia, at a discounted rate amid the increasing global food prices and tackle food inflation. Although, behind the background, the challenges of food inflation are to be taken care of ahead of upcoming state elections and general elections 2024.  Introduction to global challenges experts and economists have a say that they do not expect the Centre to cut down the taxes on fuels, despite the fiscal space being available, and unfortunately, the…

Hyundai Motors is a South Korean company, and an automobile giant in India, which is all set to buy the unit of another automaker, General Motors which is operating in the state of Talegaon in Maharashtra, made this specific announcement on Wednesday, 16th August, 2024.  Introduction The top car manufacturers of India include, Maruti Suzuki, Ashok LeyLand, Hyundai Motor Company, Tata Motors, Mahindra and Mahindra, Kia Corporation, Toyota Motor Corportaion, Honda, Renault, MG Motor, and Skoda Auto. Of all the corporations, Maruti Suzuki is the major dominant in the automobile industry, having a market share of 44.2 percent. Hyundai Motors…

The Reserve Bank of India (RBI), on 11 August, 2024, Friday, set a coupon rate of 7.18 percent on a government bond. These government bonds can be categorised under the broad section of government securities, or termed as G-Sec.  They can be issued by both Central government body, as well as State Government. The bonds with State Government as the issuer, are also renowned as State Development Loans or SDLs As the government issues bonds to finance the expenditure and obligations, the tenure of these bonds may vary as much as three years to 40 years.  Decision by the Centre …

The monetary policy meeting and discussions was held by the Reserve Bank of India (RBI), in the month of August. Certain aspects were discussed and decisions were made public accordingly.  Decisions of Monetary Policy Committee The commitee met on 8th, 9th and 10th of August. After detailed deliberation on all relevant aspects, the committee came to the decision to unanimously keep the policy repo rate unchanged at 6.5 percent. Additionally, the standing deposit facility, SDF rates, stand at 6.25 percent, marginal standing facility, MSF rate, as well as the bank rate stands at 6.75 percent. The decision was finalized with…

The Tata Consultancy Service (TCS) has been selected by the Centre or the government as their strategic partner to transform the Government e-marketplace (GeM).  The platform is under the ownership of GeM SPV (Special Purpose Vehicle), which is a Government owned NPO, (non profit company/organisation), undet Ministry of Commerce and Industries.   What does Government e-Marketplace mean? The Government e-marketplace or the GeM is an end to end platform of goods and services, operating online for central bodies and state government bodies, including the Public Sector Undertakings. This concept was launched on August 9, 2016. It was the initiative undertaken by…

On Monday, 7th July, 2024, the Adani Energy Solutions Limited (AESL) made an announcement of financial closure for their $1 billion worth green high voltage direct current, acronymed to HVDC link project in Mumbai. About the Adani HVDC Project It will be enhancing greening of the Mumbai Grid by pumping supply of more renewable power into the city and meeting its rising electricity demand, in accordance to the statements made by the Company in the press release. The construction of the project is ranged to be 80 km multi faceted, and its construction work is likely to commence in October…