Blog for Stock tips, Equity tips, Commodity tips, Forex tips: Sharetipsinfo.com

Want to beat the stock market volatility? Just keep on reading this exclusive blog by Sharetipsinfo which will cover topics related to stock market, share trading, Indian stock market, commodity trading, equity trading, future and options trading, options trading, nse, bse, mcx, forex and stock tips. Indian stock market traders can get share tips covering cash tips, future tips, commodity tips, nifty tips and option trading tips and forex international traders can get forex signals covering currency signals, shares signals, indices signals and commodity signals.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us

Oversupply of India bonds to drive yields to 8%: Standard Chartered

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Standard Chartered estimates that excess India bond supply may total between Rs 3.8 trillion to Rs 6.3 trillion this fiscal year, according to a June 8 noteRupee, bonds market, funds

A supply glut is set to hit India’s government bond market, and drive benchmark yields toward 8 per cent by year-end, according to Standard Chartered Plc.

The lender estimates that excess supply of sovereign and state debt may total as much as Rs 6.3 trillion ($81 billion) this fiscal year. That’s likely to further upset a market that’s struggling to cope with rising interest rates and dwindling surplus liquidity, said Parul Mittal Sinha, head of India financial  at the bank.

“It may keep becoming incrementally more difficult for supply to be absorbed by the market,” said Sinha, who has spent more than a decade trading currencies and rates in London, Singapore and Mumbai. “Supply worries will increase from July and with interest rates normalizing to a higher trajectory and liquidity surplus decreasing –- all these three factors can come together.”

Rupee bonds have maintained a semblance of stability amid the selloff in global debt, with recent auctions drawing decent demand as the central bank vowed to ensure the orderly completion of the government’s borrowing program. Still, there are signs that the calm may be shattered after benchmark 10-yields soared to the highest since 2019 last week.

graph

Indian authorities are looking to sell a record Rs 14.3 trillion of bonds this fiscal year as they boost spending to spur growth while tax cuts erode public revenue. To make matters worse, the central bank is expected to hike rates further after 90 basis points of increases in the last two meetings while also mopping up excess liquidity to tame prices that are running above its target band.

StanChart estimates that excess bond supply may total between Rs 3.8 trillion to Rs 6.3 trillion this fiscal year, according to a June 8 note.

All these negatives have fueled a six-month drop in benchmark 10-year debt, and analysts at Citigroup Inc. are among those who predict that yields may climb as high as 8 per cent from around 7.48 per cent now. They last reached 8 per cent in 2018.

Bear Flattening

The yield curve is likely to continue bear flattening, with shorter yields rising faster than longer rates, according to Sinha.

“As more and more hikes get delivered, the five-year part of the curve will remain under pressure,” said Sinha. “The longer end demand is growing at a good pace -- the 15- to 30-year part of the curve remains well-anchored with demand from insurance companies.”

Local investors who were sitting on excess cash have deployed some funds after yields climbed to the highest in over three years, said Sinha. She added that the RBI was unlikely to carry out another major bond purchase program like it did in the previous fiscal year, when it bought Rs 2.2 trillion of debt.

“We are not in the camp that expects any big bond purchases from the RBI,” said Sinha. “If inflation cools down and big rate hikes don’t happen, you won’t anyways need to do that kind of intervention.”

Click Here:- Live Share Market tips & Share Tips @Sharetipsinfo

Bear Market Woes: 83% of Nifty 500 stocks give negative returns in 2022

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

While the Nifty 500 lost 12 percent, the BSE Sensex and Nifty 50 have declined nearly 9 percent each. However, long-term investors are viewing this as an opportunity to buy good growth stocks at attractive valuations.Bear Market Woes: 83% of Nifty 500 stocks give negative returns in 2022

The ongoing downturn in the domestic stock market has seen nearly 83 percent of the stocks forming the Nifty 500 index, a collection of the biggest companies in the country, deliver flat or negative returns in 2022 so far.

Many of these stocks are hovering below their 52-week lows and their 200-day moving average (DMA), data compiled by Moneycontrol showed.

So far this year, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each.

Companies that have seen the most erosion in their stock prices since the start of this year include Dhani ServicesSolara Active PharmaBrightcom GroupIndiabulls Real EstateMetropolis HealthcareHikalIndiabulls Housing FinanceDilip BuildconWelspun IndiaNazara TechOne97 CommunicationsZomato and Sterlite Tech, which have lost 40-80 percent.

Nifty 50 stocks such as Hindalco IndustriesTata SteelBPCLIndusInd BankShree CementHDFC BankAsian PaintsWiproInfosysHDFCHCL TechnologiesBajaj FinanceTata Consultancy ServicesTech Mahindra, and Grasim Industries hit one-year lows recently. All these stocks are down between 8-40 percent this year.

"The broader market has been under pressure mainly due to the heavy FII selling. Concerns of premium valuation and higher impact of inflation on their profitability led to sharper fall in broader markets" said Sneha Poddar, AVP, Research Analyst, Broking and Distribution, MOFSL

However, the sharp correction in the market is also being seen as an opportunity by some market participants.

“I think it's the right time for long-term investors to add to good growth stocks, which are available at attractive valuations,” Narendra Solanki, Head-Equity Research (Fundamental), Anand Rathi Shares & Stock Brokers, said.

Solanki believes investors should continue to hold existing stocks in their portfolios, if growth prospects of the company are intact as the “current volatility is more in the short-to-medium term, while long-term prospects for our economy remain promising”.

Analysts attribute the negative or low returns in some popular consumer durables, auto, banking, realty and metal stocks that are actively traded in futures and options (F&O) on the perception that higher cost of borrowing and product prices will hurt demand at a time when companies are grappling with persistently high input prices.

Metal stocks have already been under pressure since the government’s decision to impose export duty on steel to cool domestic prices.

Among IT stocks, volatility in the global markets amid higher inflation and expectations of tightening by central banks, along with the Russia-Ukraine war, which is unlikely to end soon, may see a slowdown in order books. Most Indian IT companies are moving their operations out of Russia, while helping clients maintain business continuity by shifting work to other locations. This is likely to increase margin pressures further, analysts said.

Oil & gas stocks were under pressure as investors feared that interest rate hikes from major central banks could slow the global economy and cut demand for energy.

Vikram Kasat, Head-Advisory at Prabhudas Lilladher expects markets to remain volatile for the next three months as he believes inflation is likely to remain high and geo political tensions will not end soon.

"We believe that inflation expectations have run ahead of themselves and the scaling back of consumption through increasing interest rates and tightening liquidity would result in inflation softening. However, markets have typically moved either sideways or down during this process. Nifty is also currently trading at 19x forward assuming a 10 percent cut in earnings, which does not give a screaming ‘buy’ yet,” said Vinit Bolinjkar, Head of Research, Ventura Securities.

Click Here:- Live Share Tips And Stock Market tips@sharetipsinfo

Govt dept to collaborate with SBI to create integrated pension portal

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The Centre's Department of Pension & Pensioners' Welfare (DoPPW) will collaborate with SBI to create an integrated pension portal to enhance ease of living of pensioners, an official statement stated

INVESTMENT, PLANS, SAVINGS, mf, mutual funds, investors, equity, pension, NPS, fundsThe Centre's Department of Pension & Pensioners' Welfare (DoPPW) will collaborate with the State Bank of India (SBI) to create an integrated pension portal to enhance ease of living of pensioners, according to an official statement on Tuesday.

Sessions on pension policy reforms and digitisation regarding the disbursement of pensions to central government pensioners were organised with the objective of updating SBI field functionaries during the two-day bankers' awareness programme in Udaipur, Rajasthan.

Special sessions were organised on income tax matters related to pensioners as well as digital means of submitting annual life certificates, said the statement by the Ministry of Personnel, Public Grievances and Pensions.

It was decided that immediate efforts are needed for the creation of an integrated pension portal by linking the existing portals of the DoPPW and the SBI to provide seamless services to pensioners, it said.

Face authentication technology for digital life certificate may be advertised extensively by banks, the statement said.

Digital life certificate and face authentication technology would be a game changer for pensioners and banks in the submission of life certificates, it said.

It is expected that through these programmes, the objective of enhancing ease of living' of pensioners will be achieved to a great extent, the statement said.

Four such awareness programmes will be conducted in collaboration with the State Bank of India to cover the whole country, it said.

Awareness programmes on similar lines will be conducted in collaboration with other pension disbursing banks in 2022-23, the statement said.



If Tatas can't make Air India work, no one else in India can: Emirates President

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

The Tata Group took control of loss-making and debt-ridden Air India on January 27 after successfully winning the bid for the airline on October 8 last year.If Tatas can't make Air India work, no one else in India can: Emirates  President

The Tata Group took control of loss-making and debt-ridden Air India on January 27 after successfully winning the bid for the airline on October 8 last year.

Clark stated, "I think the best thing that could have happened to Air India was for Tatas to take it over. I am probably the only one in this room who flew on Air India when it was run and owned by Air India. And it was a great airline. One of the first airlines to buy Boeing 707 aircraft in 1959 or 1960, whenever it was."

He said that for decades Air India has continued to be a small player on the international scene. India’s international passenger market is dominated by international airlines like Emirates, one of two flag carriers of the United Arab Emirates.

Emirates — which operates 170 flights connecting Dubai with Mumbai, Delhi, Bengaluru, Chennai, Hyderabad, Kochi, Kolkata, Ahmedabad and Thiruvananthapuram — carries a significant number of Indian passengers from India to Europe and US with one stop in Dubai.

While Air India remained a small player on the international passenger market for decades, there have been multiple casualties in the Indian aviation market like Kingfisher, Clark noted.

Many of the private carriers in India have done their level best under extraordinarily difficult conditions, not the least of which is that the fuel prices in India are extremely high because the government puts a lot of tax on them, he stated.

"So, it is not easy to operate in the Indian market even though the population is pretty upwardly mobile and getting more mobile over time. So you need a safe pair of hands with business acumen to be able to activate this (Air India). If Tatas can’t make it work, nobody over there (in India) will be able to make it work," he mentioned.

"One thing that India has got is a huge demand which a lot of countries do not have," he said. When asked how Air India’s rise will affect Emirates, he said, "As far as Emirates is concerned, well, bring it on, quite honestly."

"I mean, there is plenty for everybody. I think the fact is that they (passengers) like our product. We are pushing our A380 aircraft into places like Mumbai. I think we are heading to Delhi as well. But actually, wouldn’t they (Indian passengers) like one of their own to be able to go to places like Vancouver, etc? It has always been reliant on people like us (Emirates). Thank you very much. We are very grateful for it. And we keep asking for more (permission to operate more flights between India and Dubai)," he said.

Clark said Emirates is just filling up the vacuum in the Indian international passenger market as there is no other airline in the country which has been able to take up the slack. And even if there was, it still would not be enough. It is such a huge population, he added.

Emirates, through the UAE government, has been asking the Indian government for more bilateral rights to operate more flights between Dubai and India. When asked if he sees more opportunities to operate cargo flights to India post the India-UAE free trade agreement (FTA), Clark replied, "All I can say is that it is in the hands of the Indian government. Since 2015, we have been requesting for more points, more frequencies and more seats."

"I think it is really up to them. I do not think anyone could be more persuasive than we have been in the value of doing that," he added.

He said he is hoping that the new FTA will not only take care of cargo but also of passenger movement as well. He said he is hoping that the new FTA will not only take care of cargo but also of passenger movement as well. "But these things have always been, dare I say, vexing for the Indian government," he added.

When asked if he has seen any change in the Indian government’s behaviour off late on this issue, he replied, "Not really."

"I saw embracement of the two countries for the FTA but it has not manifested itself in more flights to India. I am hoping that will come," he added.

For the airlines of a particular country to operate international flights to a city in another country, the two sides have to negotiate and sign a bilateral air services agreement, which decides how many flights (or seats) per week can be allowed to fly from one country to the other.

Expedite NPA resolution, focus on credit growth: Finance ministry to PSBs

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Banks have been asked to put up branches in unbanked villages

Bank

The government on Monday took stock of credit growth and the performance of  (PSBs) on parameters including asset quality, financials, and recoveries from bad loans.

State-owned lenders have been asked to expedite the resolution of non-performing assets (NPAs).

 officials took stock of PSBs’ NPAs of over Rs 100 crore, an official said.

The meeting was scheduled to be chaired by Union Finance Minister Nirmala Sitharaman, but she could not attend it.

Minister of State for Finance Bhagwat Karad presided over the meeting, which was attended by Financial Services Secretary Sanjay Malhotra and senior officials of the Department of Financial Services (DFS).

With  conducting a credit outreach programme during the Azadi ka Amrit Mahotsav last week, the progress made on sanctioning loans was reviewed.

Growth in lending by  improved to 7.8 per cent in March 2022 from 3.6 per cent a year ago, but was lower than the 15.1 per cent by private banks in the same month, according to the Reserve Bank of India’s quarterly statistics.

An evaluation of PSBs’ capital-raising plans and efforts made to improve investor relations was also done.

After the launch of the EASE 5.0 reforms agenda earlier this month, banks were asked to share the progress on preparing a three-year bank-specific strategic road map, the official said.  officials reviewed the off-Budget borrowings by state government entities from .

With regard to financial inclusion, which was the second broader theme for review, the progress made by state-owned lenders on opening Jan Dhan accounts, and various schemes of the Centre such as the Agriculture Infrastructure Fund (AIF), Animal Husbandry Infrastructure Development (AHIDF), Pradhan Mantri Formalisation of Micro Food-Processing Enterprises (PMFME), was also assessed.

Banks have been asked to put up branches in unbanked villages, the official said.

The progress made by banks on setting up 75 digital banking units, as announced by Sitharaman in the Union Budget 2022-23, was looked at.

Banks have identified 75 districts that cover all states and Union Territories in the country. All PSBs, along with some private banks, have initiated work on having these units operational for launch in August this year.

Click Here:- Get Live Share Market Tips & Stock Market Tips From Sharetipsinfo

GST council may ease compliance issues for e-commerce suppliers

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Sources privy to the developments told CNBC-TV18 that compliance issues for e-commerce suppliers are likely to be eased. The council could also empower the Centre and states to issue show-cause notices to plug leakages.Gst Council May Ease Compliance Issues For E-Commerce Suppliers

The GST council meeting scheduled for June 28 and 29 in Chandigarh is likely to discuss a slew of legal changes.

Sources privy to the developments told CNBC-TV18 that compliance issues for e-commerce suppliers are likely to be eased. The council could also empower the Centre and states to issue show-cause notices to plug leakages.


According to sources, the government is going to present a detailed report on National Anti-Profiteering Authority (NAA) and the cases that are pending so far.


The government is also likely to inform the council that NAA has hired a solicitor general and a panel of lawyers to defend its case at various state high courts and also go in for appeals in Supreme Court where state high courts have ruled against the NAA.


CNBC-TV18 had earlier reported that the government is likely to merge NAA with the Competition Commission of India (CCI) by year end. "All pending cases of anti-profiteering authority post the merger are likely to be taken up by the competition watchdog," the sources said.


"As of May, there were close to 400 cases pending with the NAA, and the authority has been told to wrap up as many cases as possible on an urgent basis," said the sources.

India softens stance to hammer out a "no harm" trade deal at WTO meet

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Perhaps first ministerial where India set the agenda: Piyush GoyalWTO Chief Ngozi Okonjo-Iweala is congratulated by Commerce Minister Piyush Goyal after a closing session of the Ministerial Conference at the WTO headquarters in Geneva June 17, 2022. (Reuters)

After nearly hitting a deadlock over fisheries subsidies, the 164 member nations of the  (WTO) forged a bouquet of deals in the wee hours of Friday in Geneva by significantly lowering their ambitions.

The four-day conference, which kicked off on Sunday, was scheduled to end on June 15. However, it was extended by two more days to push trade ministers to hammer out a deal to maintain a sense of purpose at a multilateral organisation that is fighting for its relevance.

The deal included patent waiver to fight the pandemic, limited only to production and exports of vaccines that India had earlier termed as “too late in the day as the pandemic has run its initial course”. India’s demand to allow it to export food grain from its public stockholding could also not be agreed upon. On fisheries, though millions of Indian fishermen will not face any cut in state subsidies, countries were able to agree to only a partial deal to cut down illegal unreported, unregulated (IUU) especially by China and countries of the European Union.

India also climbed down from its demand to end

moratorium on customs duty on electronic transmission, which anyway was considered as a bargaining tool. At the end of the day, India was happy that it won’t have to take fresh disciplines in any sector even as a deal could be agreed up on.

ALSO READ: WTO's vaccine patent waiver may have little impact on ground now: Industry

Commerce and Industry Minister  said perhaps this was the first ministerial where India set the agenda. “We were on the front foot. We were telling other countries what need to be done.”

The outcome of the  is not only emblematic of the importance of a multilateral trading system but is also seen as an image makeover effort by India to be seen as a deal maker than a deal breaker.

Biswajit Dhar, professor of economics at the Jawaharlal Nehru University said countries have deliberately lowered their ambitions to at least get something on the table. “If you have high ambitions and fail, then it would have sent a signal that  can’t take decisions,” he added.

However, the WTO’s failure to include diagnostics and therapeutics in the patent waiver deal along with vaccines drew strongest criticism. Max Lawson, Co-Chair of the People’s Vaccine Alliance and Head of Inequality Policy at Oxfam said this is absolutely not the broad intellectual property waiver the world desperately needs to ensure access to vaccines and treatments for everyone, everywhere. “This so-called compromise largely reiterates developing countries’ existing rights to override patents in certain circumstances. And it tries to restrict even that limited right to countries which do not already have capacity to produce COVID-19 vaccines. Put simply, it is a technocratic fudge aimed at saving reputations, not lives,” he added.

ALSO READ: Goyal says India's 'firm stamp' visible in outcome of every WTO meeting

In October 2020, India and South Africa and 63 co-sponsors of the waiver proposal had made the TRIPS waiver proposal to help middle and low income nations get access to Covid-19 vaccines and drugs. However, the discussions reached a deadlock in the TRIPS Council. The final agreement fell short of the original proposal.

The global trade body was also able to build a consensus on the agreement on a 21-year old issue that aims to eliminate subsidies for illegal, unreported and unregulated (IUU) fishing and promote sustainable fishing. The final agreement removed the contentious clause, which proposed a ban on overfishing subsidies within seven years. India had called for a ban on subsidies in 25 years for countries fishing in areas beyond their exclusive economic zones.

According to the final deal, there will be checks on illegal unreported, unregulated fishing in India’s waters and elsewhere. Besides, no subsidies will be provided for fishing in areas outside exclusive economic zones.

The outcome document of the ministerial committed to work towards necessary reform of the  while reaffirming the foundational principles of the WTO and promised to revive the dispute settlement body in next two years.

Outcome of WTO MC12

E-commerce

What India wanted

No extension of customs duty moratorium on electronics transmissions

What it got

18-month extension of e-commerce moratorium

Review of scope, definition, and impact of moratoriumReview of scope, definition, and impact of moratorium

Agriculture, food security

What India wanted

Permanent solution to public stockholding for food security purposes

No exemptions for food purchases by WFP from export restrictions

Permission for exports of food grains from public stocks on govt-to-govt basis

What it got

No export restrictions on WFP purchases. Internal food security concerns to take precedence

Solution to public stockholding again deferred to next ministerial

TRIPS waiver

What India wanted

IP waiver for vaccines, therapeutics and diagnostics

What it got

TRIPS waiver only on vaccine with exports up to five years

Decision on diagnostics and therapeutics after six months

Fisheries

What India wanted

Exemption from subsidy cuts for developing countries fishing within EEZs

25-year ban on subsidies for countries fishing in areas beyond their EEZs

What India got

No restriction on subsidies for fishing within EEZs

No subsidies for fishing in areas outside EEZs

Check on illegal unreported, unregulated (IUU) fishing by developed countries and China

Google Doodle honours physicist Ștefania Mărăcineanu, a key figure in radioactivity studies

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Google Doodle: On Ștefania Mărăcineanu's 140th birth anniversary, a look back on her life and times.Google Doodle honours physicist Ștefania Mărăcineanu, a key figure in radioactivity  studies

The Google Doodle on June 18 marked pioneering Romanian physicist Ștefania Mărăcineanu’s birth anniversary. She was a key figure in the discovery and study of radioactivity.

Google’s Doodle was nod to her study of polonium -- a radioactive element discovered by Polish-French physicist Marie Curie.

Mărăcineanu was born in Bucharest in 1882. Not much is known about her childhood.

She grew up to study physical and chemical science at the University of Bucharest. After graduating in 1910, she began teaching at the same school she had attended – the Central School for Girls.

While teaching at the school, Mărăcineanu was granted a scholarship by the Romanian Ministry of Science. She used that to pursue graduate research at the Radium Institute in Paris.

The institute was being helmed by Marie Curie and quickly emerging as global centre for the study of radioactivity. There, Mărăcineanu began her PhD thesis on polonium.

Mărăcineanu’s research at the Radium Institute shed light on artificial radioactivity for the first time. In 1935, when Marie Curie’s daughter Irène Curie and her husband Frédéric Joliot-Curie received a joint Nobel prize for discovering artificial radioactivity, Mărăcineanu demanded that her role be recognized too.

The Academy of Sciences of Romania recognised her work in 1936, appointing her as director of research. But she never attained global fame.

Mărăcineanu is remembered for founding Romania’ first laboratory for the study of Radioactivity. After thar, she spent her time researching artificial rain and study the link between earthquakes and rainfall.

Mărăcineanu became the first scientist to discover that before an earthquake, there was significant increase of radioactivity in the epicenter.

The physicist died in 1944. A significant part of her career -- her laboratory at the Radium Institute -- is to this date preserved at the Curie Museum in Paris.

Click Here:- Get Live Indian Share Market Tips From Sharetipsinfo

Rupee settles flat at 78.09 against US dollar

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

In the face of a sluggish trend in domestic stocks and ongoing foreign capital outflows, the rupee erased earlier gains to settle just 1 paisa higher at 78.09 (provisional) against the US dollar on Friday.Rupee settles flat at 78.09 against US dollar

The rupee pared initial gains to settle just 1 paisa higher at 78.09 (provisional) against the US dollar on Friday amid a muted trend in domestic equities and unabated foreign capital outflows. A strong dollar overseas and higher crude prices also kept the domestic unit under pressure, forex dealers said.

At the interbank forex market, the rupee opened strong at 78.03 against the greenback and witnessed an intra-day high of 78.02 and a low of 78.09. It finally ended at 78.09, registering a gain of 1 paisa over its previous close of 78.10.

The dollar index, which gauges the greenback's strength against a basket of six currencies, climbed 0.71 per cent to 104.37. Brent crude futures, the global oil benchmark, spurted 0.96 per cent to USD 120.96 per barrel.

On the domestic equity market front, the BSE Sensex ended 135.37 points or 0.26 per cent lower at 51,360.42, while the broader NSE Nifty fell 67.10 points or 0.44 per cent to 15,293.50. Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 3,257.65 crore, as per exchange data. 


Will issue guidelines to make digital lending ecosystem safer: RBI Guv

http://sharetipsinfo.comJust get registered at Sharetipsinfo and earn positive returns

www.ShareTipsInfo.com

Speaking on inflation, Guv Das said that had the monetary policy been tighter, the economic damage would have been enormous

RBI Governor Shaktikanta Das

The Reserve Bank of India Governor Shaktikanta Das said that the Central bank will soon issue guidelines to make digital lending ecosystem safe and sound.

"Big tech's play in finance poses systemic concerns like overleverage", Das said at an event organised by Financial Express. He said that blockchain players pose unique problems and regulating them will require globally coordinated action.

"Blockchain platforms cannot be limited to a regulator or nation. Regulators can go for activity and entity-based regulations", he added. Das further said, "earlier, RBI's approach was to provide sunset clauses. However, this year credit growth is around 12 per cent, compared to 5-6 per cent last year. Reasonably satisfactory credit growth is happening."

Taking a strict tone on loan recovery, Das said that loan recovery agents using harsh methods like calling up at odd hours, foul language is totally unacceptable. Speaking on inflation, Das said that during the pandemic, the monetary policy committee had decided to tolerate inflation according to the situation.

"During the time of Covid-19, MPC consciously decided to tolerate inflation as the situation demanded that, otherwise consequences would have been disastrous."He further added that had the monetary policy been tighter, the economic damage would have been enormous.

"RBI has not fallen behind the curve, we have been in line with the requirements of our time", Governor Das said.The process of coming out of an easy liquidity system takes a long time based on factors beyond our control, he said.

  UseFul Links:: Stock Market Tips Home | Services | Free Stock / Commodity Trial | Contact Us