IIP growth hits high of 5.2% in November 2024, a six month high due to manufacturing boost. Household staples see a brighter third quarter as rural resurgence offsets city stress. FinMin wants Banks, NBFCs to join hands to fund large infrastructure projects. Infrastructure projects are risky unless the revenue model is good enough. India’s services … GOLDMINE UPDATE
RBI Urges Stricter Prudential Norms to Mitigate Unsecured Loan Vulnerabilities The Reserve Bank of India (RBI) has expressed concerns regarding the rising trend of high ceilings set by banks and non-banking financial companies (NBFCs) for unsecured loans. While there has been some moderation in unsecured lending after the central bank tightened norms for this segment, … RBI Urges Stricter Prudential Norms to Mitigate Unsecured Loan Vulnerabilities
The Indian Government has not yet announced any stimulus package for boosting consumption. We could see some form of package come in soon, may be in the budget and that could also stimulate the economy. The Government can reduce GST rates on certain items and also reduce Income tax rates to boost consumption. The RBI … GOLDMINE UPDATE
The Indian government’s recent push for ethanol-diesel blending and green hydrogen production marks a transformative step toward sustainability, energy security, and economic diversification. As India continues its efforts to reduce dependence on fossil fuels and promote renewable energy, the sugar industry has been identified as a key stakeholder in this transition. With a 13.9% ethanol … India Advances Sustainability with Ethanol-Diesel Blending and Green Hydrogen Push
Ayodhya takes over Taj Mahal and becomes the top tourist destination in UP. MF AUM have hit all-time high of Rs 67.81 lakh crores. India plans to supply LNG to Sri Lanka for its power plants. India’s trade deficit in November stood at a record $37.8 billion. This is really quite high. Gold imports jumped … GOLDMINE UPDATE
In an era dominated by digitalization, the cybersecurity ecosystem is not just a necessity but also a promising investment avenue for the future. India’s cybersecurity sector exemplifies this dual significance, underpinned by an alarming rise in cyberattacks, growing adoption of digital technologies, and robust government interventions. As the country continues to digitize, cybersecurity will be … Cybersecurity: The Next Big Bet in a Digitally Vulnerable World
GOLDMINE UPDATE RBI has cut CRR rates by 50 bps to be implemented in two phases of 25 bps each on Dec 14 and Dec 28. This is the first of the various monetary steps that will be implemented by RBI in the coming years. Fiscal measures will be taken by the Finance Ministry, if … GOLDMINE UPDATE
The beauty is that FII holding has dropped from 24% to under 16% and yet Indian markets have gained in the last 3-4 years. FIIs will not be any significant influencer in the markets 1-2 years down the line. They remained invested in India, when things were not that great between 2005 and 2020. However, … Beauty of FII Investments in Indian Markets
India plans to raise FDI limit to 100% in the insurance sector, amend key provisions of the 1938 act. Public comments invited until December 10. Indian GDP hits a 7 quarter low of 5.4% of Q2 amid manufacturing slump. This is a cyclical downturn that we see every 3-4 years for a brief period of … GOLDMINE UPDATE
