RBI remains observant but delivers merry policy heading into the New YearThe MPC’s growth-inflation forecasts put forth a merry growth story for India. India’s GDP is seen to clock a 7.0% growth, 0.5% higher than...
RBI MPC: Bank stocks gain on reversal of liquidity facilities under SDF, MSFThe RBI conceded that the system liquidity, as measured by the net position under the liquidity adjustment facility (LAF), turned into defi...
View: Will RBI squeeze banks with an open market operation?The dense drama has laid open RBI’s dilemma and the confusion of the bond brigade. The protagonists are an affable governor who wants to ta...
Banks cautious about parking extra cash in RBI's variable rate windowThe reluctance to park funds for long comes despite a sharp increase in surplus liquidity over the past couple of weeks following governmen...
Overnight rates refuse to fall in line with RBI's rate movesOver the past month, the call rate has hovered around 6.75%, 25 bps higher than the benchmark policy repo rate. The call market is an uncol...
Banks putting more of surplus funds in commercial papers as rates riseCommercial papers (CPs) are shorter duration debt instruments generally issued by companies with maturities up to one year. One basis point...
Govt decides not to offer soft loans under SDF to sugar mills for a year“The decision has been taken keeping in view the prevailing market conditions of the sugar sector having surplus stocks, despite diversion ...
SAARC fund to launch social enterprise programme in India and 7 other member nationsThimpu-based SAARC Development Fund will soon be launching a social enterprise development programme to fund 80 entities annually including...
Govt may allot Rs 500 cr for sugar development fund in BudgetThe government may marginally raise the corpus for Sugar Development Fund (SDF) to Rs 500 crore in the upcoming Budget for 2018-19.
Finance Ministry may scrap sugar cess in Budget 2017The cess, collected from sugar mills, is deposited in Sugar Development Fund (SDF) managed by the food ministry. The fund is used to lend m...
Ram Vilas Paswan meets FM; wants import duty on edible oils to be hikedFood Minister Ram Vilas Paswan met Arun Jaitley here and discussed the issue of raising import duty on crude and refined edible oils.
Rolling out sugar subsidy with flawed policies is not an all-inclusive initiativeIn the deregulation of April 2013, GoI decided to keep its hands off in the marketing of sugar.
Food Ministry to move Cabinet on interest-free loans to sugar millsSugar industry is facing financial problems due to rise in production cost and sharp fall in domestic prices. Cane arrear had risen to Rs 3...
Government may raise excise duty after sugar decontrolThe Centre may raise the excise duty on sugar output and levy a moderate export duty if it decides to lift controls on the commodity.
- Interest rate on SDF loans increases to 7.5% from earlier 4%
The Fund is utilised to provide loans at concessional rates to sugar factories for sugarcane development, modernisation, co-generation and ...
- Sugar mills' 31 proposals for loans pending
Bajaj Hindustan, Uttam Sugar and DCM Sriram are among a host of companies awaiting government sanction for loan from the Sugar Development ...
- Sugar cess hiked to Rs 20/quintal
The government has increased the rate of sugar cess by Rs six a quintal to Rs 20 per quintal, which is likely to make the commodity costlie...