EOD Update 30-03-2019

DLF Raises Rs 3,173 Cr From Share Sale To Institutions

Commerce Ministry Proposes Delaying Retaliatory Tariffs On US Goods

The revenue department falls within the Ministry of Finance, and the two ministries need to consult over any decision to delay the tariffs.

Centre To Borrow 4.42 Lakh Crores In First Half Of FY20: Finance Ministry

Economic Affairs Secretary Subhash Chandra Garg said gross borrowing will be Rs 4.42 lakh crore during April-September 2019-20.

ECB’s power struggle will all end in tiers
More than 1.83 trillion euros ($2.1 trillion) now sits idling with the national central banks.

Govt to push PSBs to tap market for fresh capital in next fiscal
In the current fiscal, the government has already infused the Rs 1.6 lakh crore in banks.

With no salary coming, Jet Airways pilots may go on strike from April 1
Banks haven’t transferred the promised funding, because of which salaries couldn’t be cleared

RBI sets NBFC-MFIs’ average base rate at 9.21% for Apr-Jun
The regulator in February 2014 had issued directions to NBFC-MFIs regarding pricing of credit.

Fed policymakers do not want rate cuts, not even the doves
The Fed last week kept its target range for short-term rates at 2.25 per cent to 2.5 per cent.

ICRA downgrades Reliance Capital to A2 rating
However, Reliance Capital called the rating action completely unjustified and inappropriate.

Income tax, GST offices to remain open on March 30, 31 to facilitate year-end collection
GST collections in the current fiscal till February totalled Rs 10.70 lakh crore.

SEBI slaps Rs 94 lakh fine on 17 entities for fraudulent trade practices
It further said trades of the entities are non-genuine as they are not executed in normal course of trading.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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