The International Monetary Fund warned Britain’s government on Tuesday that it was on course to miss its debt target and should not cut taxes before an election later this year, with tax rises likely to be needed in future. The IMF increased its projection for British economic growth in 2024 to 0.7% from an April … Read more
Mumbai: A pricing contest is playing out between the Reserve Bank of India (RBI) and sovereign bond traders as the central bank tries to deftly manage the government’s borrowing cost, provide sufficient liquidity to the markets, and ensure that its stance of withdrawing accommodation is not diluted. At a buyback auction of government bonds last … Read more
New Delhi: India has extended the free import of yellow peas by four more months until October 2024, the Directorate General of Foreign Trade (DGFT) said in a notification adding that the import is permitted without the Minimum Import Price (MIP) and port restriction conditions. In December last year, the government allowed duty-free imports of … Read more
New Delhi: The government is considering various strategies to ensure a nationwide rollout of the four labour codes even though some states and Union territories are yet to come out with draft rules under one or more of these codes.The ministry of labour and employment is considering several options including a gradual repeal of the … Read more
The White House has issued new rules aimed at companies that manufacture synthetic DNA after years of warnings that a pathogen made with mail-order genetic material could accidentally or intentionally spark the next pandemic. The rules, released on April 29, are the result of an executive order signed by President Joe Biden last fall to … Read more
Russia’s invasion of Ukraine feels like a really pivotal moment in this narrative. In the autumn of 2022, energy prices in the UK were skyrocketing, and yet the response of Liz Truss, prime minister at the time, was to double down on oil and gas exploration and refuse to ask people to cut down their … Read more
Despite this, the positive ruling for the KlimaSeniorinnen is being touted as hugely significant by legal experts. In this case, the court did not accept complaints from individuals within the group, but it did accept complaints made by the group itself as an organization—a distinction that could influence how people collectivize and approach European courts … Read more
Mumbai: Government bond yields jumped to a two-month high on Tuesday as unexpectedly firm US economic data dampened hopes of the Federal Reserve reducing interest rates anytime soon, driving up American bond yields and reducing the appeal of Indian fixed-income assets. Yield on the 10-year benchmark government bond rose 7 basis points to settle at … Read more
Mumbai: The Reserve Bank of India (RBI) is reverting to the multiple price method for all auctions of government bonds, three years after the Centre’s money manager had moved to the uniform price method to curb volatility in the sovereign bond market amid the Covid crisis. “On a review of the prevailing and evolving market … Read more
Mumbai: Government bond yields are set to ease, lowering the cost of debt for Indian firms, as the Centre’s decision to borrow less than usual in the first half of the next fiscal has improved the demand-supply dynamics for the sovereign bond market. On Wednesday, the Reserve Bank of India (RBI) said the Centre would … Read more
