Mon, Dec 23, 2024 3:03 PM
NSE to conduct live trading session during Union Budget on February 1
A Flip by Avya Verma
The Reserve Bank of India (RBI) has injected liquidity into the banking system through variable rate repo auctions, with Rs 5.51 lakh crore infused so far this month, to combat a deficit of Rs 1.88 lakh crore. The RBI has also reduced the cash reserve ratio (CRR) to infuse Rs 1.16 lakh crore in two tranches.
Open Flip
A mere three sentences on popcorn in a longish press release after the GST Council meeting on December 21 overwhelmed public perception of what was once touted as a historic tax reform. The memes are spot on this time because they capture the frustration with the way the GST has evolved, a messy system that from a consumer’s standpoint defies common sense.
Open Flip
Indian markets rebounded sharply on Monday, December 23, following five days of steep declines. The Sensex surged 498.58 points, or 0.64%, to close at 78,540.17, with an intraday high of 78,918.12. The Nifty climbed 165.95 points, or 0.70%, to settle at 23,753.45. Broader markets saw gains, with the midcap index rising 186 points to 57,093 and the Nifty Bank index jumping 558 points to 51,318.
Open Flip
