2023-11-26 06:52:15 Several states are likely to miss their capital expenditure targets for the ongoing fiscal due to polls and fall in revenue, according to an analysis. A steep fall in revenue receipts will further lead to a major compression in state capex, which during the first half of FY24 rose to a record 35 … Read more
2023-11-21 14:43:18 After hitting a near three-year high last week, the average cost on states’ borrowings has eased a tad this week’s auction by 4 bps to 7.67 per cent amid lower-than-indicated issuance. According to Icra Ratings, the weighted average cut-off or pricing of bonds eased by 4 bps to 7.67 per cent even as … Read more
2023-11-03 05:41:16 The Alabama Supreme Court authorized the state to execute a death row inmate using nitrogen gas. This is a method that has never been used in the United States. The inmate’s name is Kenneth Eugene Smith, 58, who has already been the subject of failed execution attempts. The all-Republican court made its decision … Read more
2023-10-10 16:14:02 States have been forced to pay through their nose at the weekly auction of their debt on Tuesday with the weighted average interest rate payable soaring to the highest so far this fiscal at 7.68 per cent, 12 basis points (bps) more than the previous peak at the last auction. The prices shot … Read more
2023-10-02 16:08:38 Tabuk: The father of the murdered Saudi youth pardoned the accused just moments before the execution. The incident happened in Tabuk. Mutair Aldayufi Al-Atawi, the father of the murdered Saudi youth, pardoned the suspect. Earlier, Mutair Al-Atawi had rejected the offers of the accused’s family to pay a large amount of dowry in … Read more
2023-09-27 00:53:31 The Centre will borrow ₹6.55 lakh crore from the market through dated securities in the second half of this financial year, staying with the budget estimate and indicating a comfortable fiscal situation for now. In the first half of 2023-24, the government announced ₹8.88 lakh crore market borrowing out of the full-year target … Read more
2023-09-17 01:15:34 Advance tax collections in the first half of 2023-24 have increased 20% year on year to ₹3.54 lakh crore, people privy to the development said. Collections could go up further in the final tally as the numbers reflected calculations till 11.30 pm on September 15 – the last day for paying advance tax … Read more
2023-08-29 11:11:16 India’s inflation rate will remain above the Reserve Bank of India’s upper tolerance band of 6% at least until October, according to a Archyde.com poll of economists who sharply upgraded their price-rise forecasts for this quarter. Consumer prices in Asia’s third-largest economy rose at the fastest annual rate in the 15 months in … Read more