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Quote on Debt funds from CA Manish. P Hingar, Founder at Fintoo According to the proposed amendments to the Finance Bill 2023, debt mutual funds may no longer receive indexation benefits and will be taxed at marginal rates. This will also affect gold funds and international funds. As a result, bank fixed deposits will become more attractive as both debt funds and bank fixed deposits will be subject to the same taxability of maturity proceeds. This move may have a negative impact on all debt funds, particularly in the retail category, as ultra-high net ...
Quote on Debt funds from CA Manish. P Hingar, Founder at Fintoo
Quote on Debt funds from CA Manish. P Hingar, Founder at Fintoo
Source: PR Agency
24/03/2023 2:18:46 PM
India Economy: Low external debt is underpinned by large voluntary capital inflows - ICICI Securities Low external debt is underpinned by large voluntary capital inflows ? India is stable from a macroeconomic standpoint because it has taken on very little external leverage over the past 8 years. India’s external debt was up just 39.1% in Mar’22 compared to its level in Mar’14. In the previous 10 years (Mar’04-Mar’14), India’s external debt had increased by 296%, leaving the economy much more vulnerable to the ‘Taper Tantrums’ of those times. ...
India Economy: Low external debt is underpinned by large voluntary capital inflows - ICICI Securities
India Economy: Low external debt is underpinned by large voluntary capital inflows - ICICI Securities
Source: ICICI Securities Ltd
29/09/2022 2:18:11 PM
West Bengal's fiscal health: Debt to GSDP ratio, past debt service matters of concern Serious concerns are being raised from various quarters on the trend of borrowing by the cash-strapped West Bengal government and the nature of using the borrowings. The first concern is the huge debt to gross state domestic product (GSDP) ratio in the state. As per the statistics of the state finance department and the latest CAG report, West Bengal's debt to GSDP ratio for the financial year of 2020-21 reached an alarming level of 37.05 per cent, up from 35.68 per cent in 2018-19. ...
West Bengal's fiscal health: Debt to GSDP ratio, past debt service matters of concern
West Bengal's fiscal health: Debt to GSDP ratio, past debt service matters of concern
Source: IANS
23/04/2022 9:34:05 AM
IL&FS Group resolves debt of Rs 55K crore, Rajan to be new CMD Debt-ridden IL&FS Group on Tuesday said that it has addressed debt of Rs 55,000 crore till date and the resolution of remaining Rs 6,000 crore debt will move into FY23. According to IL&FS, the current addressed debt is higher than Rs 52,200 crore as of November 2021. "The group retained its overall resolution estimate at Rs 61,000 crore, representing 62 per cent of overall - fund based and non-fund based - debt of over Rs 99,000 crore as of October 2018. "The debt a...
IL&FS Group resolves debt of Rs 55K crore, Rajan to be new CMD
IL&FS Group resolves debt of Rs 55K crore, Rajan to be new CMD
Source: IANS
30/03/2022 8:45:54 AM
India's external debt rises to $571 bn India's external debt for the quarter ended June 2021 increased on a year-on-year as well as on sequential basis, official data showed on Thursday. The external debt during the period under review rose to $571.3 billion from $555.2 billion reported for the quarter ended June 2020. On a sequential basis, at end-June 2021, the external debt recorded an increase of $1.6 billion over $569.7 billion reported for end-March 2021 period. "The external debt to GDP ratio declined to 2...
India's external debt rises to $571 bn
India's external debt rises to $571 bn
Source: IANS
1/10/2021 9:35:27 AM
FIIs stood as net seller in equities as per July 12 data: NSDL The FIIs as per Monday’s data were net seller in equity segment, while net buyer in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 3968.81 crore against gross selling of Rs 4972.32 crore. Thus, FIIs stood as net seller of Rs 1003.51 crore in equities. In the debt segment, the gross purchase was of Rs 588.49 crore with gross sales of Rs 507.77 crore. Thus, FIIs stood as net buyer of Rs 80.72 crore in debt. In the hybrid segmen...
FIIs stood as net seller in equities as per July 12 data: NSDL
FIIs stood as net seller in equities as per July 12 data: NSDL
Source: Accord Fintech
12/07/2021 4:57:54 PM
M3M repays debt worth Rs 418 cr in January-March Real estate developer M3M has repaid debt worth Rs 418 crore during the fourth quarter of financial year 2020-2021. The group had earlier set a target of repaying Rs 200 crore till March 2021 but the fast collection of sold receivables enabled it pay the existing inventory funding facilities as an advance till December 2021. "M3M has delivered record 12 projects in a short span of 8 months and by easing the burden on operational cash flow, the group will streamline its efforts to d...
M3M repays debt worth Rs 418 cr in January-March
M3M repays debt worth Rs 418 cr in January-March
Source: IANS
19/04/2021 9:17:55 AM
India`s debt-to-GDP ratio increases from 74% to 90%: International Monetary Fund The International Monetary Fund (IMF) has said India's debt-to-GDP ratio increased from 74 percent to 90 percent during the COVID-19 pandemic, noting that it expects this to drop down to 80 percent as a result of the country's economic recovery. IMF's Fiscal Affairs Department, Deputy Director, Paolo Mauro said in the case of India, the debt ratio at the end of 2019, prior to the pandemic, was 74 percent of Gross Domestic Product (GDP), and at the end of 2020, it is almost 90 p...
India`s debt-to-GDP ratio increases from 74% to 90%: International Monetary Fund
India`s debt-to-GDP ratio increases from 74% to 90%: International Monetary Fund
Source: Accord Fintech
8/04/2021 10:57:49 AM
IL&FS sells stake in Chinese road asset to address Rs 2,600 cr debt In a major step towards resolving its overall debt, IL&FS on Thursday announced completion of its 49 per cent stake sale in Chinese road asset, Chongqing Yuhe Expressway Co Ltd (CYEC), which would help the company to address debt of about Rs 2,600 crore. It sold the stake to China Merchants & PingAn Infrastructure Phase 1 Equity Investment Fund (Tianjin) Co Ltd (PingAn), a fund jointly owned by PingAn Insurance and China Merchants. This is the largest transaction for IL&FS s...
IL&FS sells stake in Chinese road asset to address Rs 2,600 cr debt
IL&FS sells stake in Chinese road asset to address Rs 2,600 cr debt
Source: IANS
2/04/2021 9:18:45 AM
India's Budget points to a loosening of fiscal policy: Fitch Ratings Indias Budget presented on February 1 by Union Finance Minister Nirmala Sitharaman points to a loosening of fiscal policy to support the countrys ongoing economic recovery from the pandemic and will consequently lead to a rise in public debt. The debt/GDP trajectory is core to our sovereign rating assessment, meaning higher deficits and a slower consolidation path will make India's medium-term growth outlook take on a more critical role in our analysis, says Fitch Ratings. India ent...
India's Budget points to a loosening of fiscal policy: Fitch Ratings
India's Budget points to a loosening of fiscal policy: Fitch Ratings
Source: IANS
11/02/2021 1:52:49 PM
Exclusive: Tunisia to issue up to $3 billion debt and push reforms this year, finance minister says By Tarek Amara and Angus McDowall TUNIS - Tunisia will issue debt worth up to $3 billion this year and aims to roll over some existing credit arrangements while setting in train wider economic reforms, Finance Minister Ali Kooli told Reuters in an interview. With a deficit estimated at 11.5% of gross domestic product last year and public debt at 90% of GDP, Tunisia plans reforms to cut its high public wage bill and subsidies and restructure poorly performing state-owned companies, Kooli...
Exclusive: Tunisia to issue up to $3 billion debt and push reforms this year, finance minister says
Exclusive: Tunisia to issue up to $3 billion debt and push reforms this year, finance minister says
Source: Reuters
31/01/2021 5:10:43 PM
Covid bonds on the cards for long-term debt mobilisation As the country's fight against Coronavirus reaches the next level with the launch of the world's largest vaccination programme, the government proposes to launch new Covid bonds to finance the rising pandemic relief expenses. Sources privy to the development said that the announcement on Covid bonds may be made in the budget to be presented by finance minister Nirmala Sitharaman on February 1. Though the budget may be used to announce its launch, the bond issue may be made only ...
Covid bonds on the cards for long-term debt mobilisation
Covid bonds on the cards for long-term debt mobilisation
Source: IANS
31/01/2021 9:27:05 AM