IRFC public issue may be only PSU IPO in remainder of FY21

Thursday, Dec 10, 2020 –Govt source: RailTel public issue may be postponed to FY22 By Sagar Sen NEW DELHI – With just a little over a quarter left for the financial year to end, the government may complete initial public offering in only Indian Railway Finance Corp Ltd, a senior finance ministry official said. “Given the short time available, the […]

TREND: Wheat area seen down 11% YoY as low spot prices deter farmers

Thursday, Dec 10, 2020 By Sampad Nandy NEW DELHI – Unattractive prices in spot markets and poor procurement in a few states in the last marketing season are likely to hit wheat acreage in 2020-21 (Jul-Jun) as farmers are seen shifting to crops such as mustard and chana, which offer better returns.Until last week, farmers had sown wheat […]

RBI Watch: Stable inflation puts pressure on growth to cut govt debt

Thursday, Dec 10, 2020 By Siddharth Upasani It was perhaps two-three years ago that rating agencies seemingly started assigning greater weight to India’s GDP growth rate when it came to assessing the credit profile. With the central government visibly unable to reduce expenditure or raise revenues sustainably, it fell to the denominator–the GDP–to consolidate–and reduce–the debt-to-GDP ratio. This […]

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