News, I read on 11th June 1) The Standard & Poor's (S&P) has retained India's ratings at the lowest investment grade and outlook as stable. Ref:Livemint 2) Securities and Exchange Board of India (SEBI) has given unlisted non-convertible debentures (NCDs), where mutual fund are investors, a one-time ...
News, I read on 10th June 1) India's sovereign rating downgrade has created six "fallen angels", or companies in the non-financial sector whose ratings have dipped to just one notch away from being considered junk - Moody's Ref:Business Standard 2) The ratio of central taxes -to-GDP slid further in ...
News, I read on 9th June 1) Bank credit growth may fall to a multi-decade low of 0-1 per cent in FY21 from six per cent in FY20 due to the economic disruption caused by covid-19, rating agency Crisil Ref:Business Standard 2) The Reserve Bank of India on Monday proposed major changes in secularizatio...
News, I read on 8th June. 1) The Finance Ministry on June 7 announced that public sector banks have disbursed Rs 8,320 crore till June 5 under the Rs 3-lakh crore Emergency Credit Line Guarantee Scheme. Ref: Money Control 2) Foreign portfolio investors have pumped in a massive Rs 18,589 crore into t...
News, I read 5th June 1. The US trade deficit surged in April as the COVID-19 pandemic upended the global flow of goods and services, pushing exports to a 10-year low https://www.moneycontrol.com/news/business/economy/us-trade-deficit-widens-as-exports-hit-10-year-low-5360951.html 2. The European Ce...