Month: June 2024

Minimize Education Loan Costs: Pay Interest During Moratorium

SME E-NewsLeave a Comment on Minimize Education Loan Costs: Pay Interest During Moratorium

Students should limit their education loans to essential expenses. Banks provide a moratorium on education loan repayments, typically lasting up to a year post-graduation or six months after employment, whichever comes first. During the moratorium, interest accrues, so servicing the interest can reduce overall costs. Paying extra towards the principal also lowers the total interest. […]

Continue Reading

RBI’s Rate Cut Postponement Expected; Third Quarter Adjustment Likely

SME E-NewsLeave a Comment on RBI’s Rate Cut Postponement Expected; Third Quarter Adjustment Likely

Note Paraphrased: In the forthcoming MPC session, the RBI is projected to maintain the current key lending rates, marking the eighth successive instance, as the economy grapples with food inflation and erratic climatic conditions. The RBI’s meeting from June 5-7 will consider various factors influencing its decision-making process. The repo rate has been steady at […]

Continue Reading

Cautious FPIs and Confident Retail Investors Gear Up for Market Clash Next Week

SME E-NewsLeave a Comment on Cautious FPIs and Confident Retail Investors Gear Up for Market Clash Next Week

The market is on the edge of a tense standoff between optimistic and pessimistic forces next week as election excitement reaches a critical point. Foreign portfolio investors (FPIs) have taken the most significant net short positions in index futures ever recorded, while retail and high net-worth investors (HNIs) show an all-time high bullish stance in […]

Continue Reading

Growth in Banks’ Non-Food Credit Slows Down to 19% in April; Sharp Decline in NBFC Loan Growth to About 15%

SME E-NewsLeave a Comment on Growth in Banks’ Non-Food Credit Slows Down to 19% in April; Sharp Decline in NBFC Loan Growth to About 15%

In April, the year-on-year growth of banks’ non-food credit slowed to 19.1%, reaching Rs 164.76 trillion, a slight decrease from the 20.2% growth observed the previous month, according to the RBI’s latest credit deployment data. When not considering the HDFC merger, the credit uptake increased by 15.3%. Credit provided by banks to agriculture and related […]

Continue Reading

Vedanta Targets $6 Billion EBITDA in FY25, Affirms Profit Goal Expectations

SME E-NewsLeave a Comment on Vedanta Targets $6 Billion EBITDA in FY25, Affirms Profit Goal Expectations

Vedanta Group, a mining giant, is setting its sights on achieving $6 billion in earnings before tax for the upcoming fiscal year, with plans to increase this figure to between $7 and $7.5 billion the year after, thanks to improved operations across its various sectors. Ajay Goel, the Chief Financial Officer of Vedanta Limited, stated […]

Continue Reading

Fiscal Deficit for FY24 Surpasses Estimates at 5.6%; Substantial Reduction in Subsidies

SME E-NewsLeave a Comment on Fiscal Deficit for FY24 Surpasses Estimates at 5.6%; Substantial Reduction in Subsidies

Fiscal deficit in April constitutes 12.5% of the FY25 goal; RBI’s significant dividend offers fiscal flexibility. India’s fiscal deficit for the previous financial year was reported at 5.6% of the GDP, which is lower than the revised estimate of 5.8%, attributed to higher-than-expected revenue and reduced spending. The initial budget estimate for FY24 was set […]

Continue Reading

Study Reveals Product Quality Regulations Boost Domestic Manufacturing

SME E-NewsLeave a Comment on Study Reveals Product Quality Regulations Boost Domestic Manufacturing

New standards have led to increased production in electronics, toys, and textiles. The implementation of Quality Control Orders (QCOs) and Compulsory Registration Orders (CROs) has positively influenced the Indian economy by promoting local manufacturing and enhancing research and development expenditures, as per a trade policy think tank’s analysis. The 2012 CRO application on electronics and […]

Continue Reading

April Sees a Surge in Core Sector Output with a 6.2% Increase

SME E-NewsLeave a Comment on April Sees a Surge in Core Sector Output with a 6.2% Increase

April’s core sector output has seen a notable rise of 6.2%, up from 6% in March, primarily driven by significant growth in the natural gas, refinery products, coal, steel, and electricity sectors. This increase, as reported by the commerce ministry, is partly attributed to the low base effect, considering the core sector’s growth was at […]

Continue Reading

Downtrend in Investment Demand and Stagnant Consumer Spending

SME E-NewsLeave a Comment on Downtrend in Investment Demand and Stagnant Consumer Spending

The demand for investments has hit the lowest mark in the past four quarters, and consumer spending continues to be lackluster. The proportion of private final consumption expenditure (PFCE) to nominal GDP slightly decreased to 57.9% in the March quarter from 58.2% in the previous year. Despite the central government’s significant capital expenditure efforts, the […]

Continue Reading

Energized Performance: Core Sector Expands by 6.2% in April

SME E-NewsLeave a Comment on Energized Performance: Core Sector Expands by 6.2% in April

As Borussia Dortmund gears up for the ultimate test in Saturday’s Champions League final, they face a Real Madrid team brimming with stars and the anticipation of claiming their 15th European championship at Wembley. The Spanish behemoths, with an unmatched record in the competition, are the top contenders, facing a Dortmund team that has defied […]

Continue Reading