Government of India plans to extend the maturity of its bonds maturing in June 2020 to longer tenures. The auction for the 8.27% bonds maturing in June will be extended in 3 blocks. Out of the bonds worth Rs.30,000 crore maturing in June, Rs.4,000 Read more [...]

The IIP for the month of March 2020 came in at (-16.5%), which was much worse than anticipated. March only had one week of lockdown. The negative IIP was driven by deep cuts in manufacturing and in electricity generation with mining almost flat in March. Read more [...]

In a development that is likely to disappoint markets, the prime minister asked all the chief ministers of states to get ready for Lockdown 4.0. This hint was given as the number of COVID-19 cases rose rapidly to beyond 71,000 in India. Health observers Read more [...]

Former RBI governor, D Subbarao, has warned that the combined deficit of the centre and the states could go as high as 14$ of GDP in fiscal year 2020-21. Subbarao expects the central fiscal deficit at 6.5% of GDP and the state fiscal deficit at above Read more [...]