Economic
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Non-Core Asset Sales Gathering Pace, Says IDBI Bank
Gold Silver Reports (GSR) – Non-Core Asset Sales Gathering Pace, Says IDBI Bank — “We have been able to unlock around Rs 4,000 crore in total [in 2017-18], including the Bandra Kurla Complex building deal,” KP Nair, deputy managing director at IDBI Bank. “Most of the assets will be monetised during 2018-19.”
Consumer Durables Index Gains Led By Titan, Bajaj Electricals
Consumer Durables Index Gains Led By Titan, Bajaj Electricals Shares of most of the consumer durable companies were trading higher led by Titan Company and Bajaj Electricals. Gauge of consumer durable stocks — the S&P BSE Consumer Durables index rose nearly 2 percent.
Bond Yield Falls After RBI Hikes Foreign Investment Limit In Govt, Corporate Bonds
Bond Yield Falls After RBI Hikes Foreign Investment Limit In Govt, Corporate Bonds Yield on the 10-year government bond fell sharply to 7.15 percent after the Reserve Bank of India increased the FPI investment limit in central government bonds to 5.5 percent in 2018-19 from 5 percent in two tranches.
China Foreign Reserves Rise on Yuan Gains
Gold Silver Reports (GSR) – Reserves rose $8.34 billion to $3.143 trillion in March from the previous month, the People’s Bank of China said Sunday. That was slightly below the $3.146 trillion estimate survey of economists. The March figure marks a turnaround after falling in February for the first time in 13 months. The State Administration of Foreign Exchange expects the country’s foreign reserves will remain stable.
U.S.-China Tensions Simmer While Both Say There’s No Trade War
Gold Silver Reports (GSR) – U.S.-China Tensions Simmer While Both Say There’s No Trade War — Serious talks “have not really begun yet,” Larry Kudlow, head of the White House National Economic Council. “We haven’t yet given China a list of demands on what we want,” Kudlow told reporters later on Friday at the White House. “We haven’t done that but such a list is under discussion.”
India To Spend Rs 16,717 Crore On Modi Health Insurance Plan In Two Years
Gold Silver Reports (GSR) – India To Spend Rs 16,717 Crore On Modi Health Insurance Plan In Two Years — “The centre’s share will be Rs 10,498 crore and the states will spend around Rs 6,219 crore,” Alok Saxena, joint secretary in the Ministry-of-Health and Family-Welfare who has been supervising the rollout. In the first year, the government will spend Rs 2,800 crore and states’ will pitch in Rs 1,700 crore. They will contribute Rs 7,300 crore and Rs 4,500 crore, respectively, in the second, he said.