State governments may publish/ disclose data relating to guarantees, as per the Indian Government Accounting Standard (IGAS), it said.
On the risks from elevated jet fuel prices and rupee depreciation, the ratings agency said that both have a “major bearing” on Indian carriers’ cost structure.
MFs’ exposure to NBFCs fell from Rs 2.31 lakh crore in 2018 to Rs 1.58 lakh crore by October 2023.
ICICI Bank, Infosys, Kotak Mahindra Bank, Adani Enterprises, Apollo Hospital, Tata Consumers, Bajaj Finserv, Titan, Adani Ports, Axis Bank, SBI Life, and Wipro were the top drags today.
So far in July, India’s crude imports have averaged at 4.64 million barrels per day (bpd), down around 40,000 bpd compared to June and the lowest since November 2022, Kpler data showed.
Currently, funds transferred overseas under the Reserve Bank’s LRS attract 5 per cent Tax Collection at Source (TCS) on amounts exceeding Rs 7 lakh.
India’s diesel exports to Europe in September were at around 333,000 barrels per day (bpd), up nearly 47 per cent from August export volumes, and 57 per cent higher on a year-on-year basis, according to Vortexa data.
This comes at a time when AI has become among the most important talking points for technologists and policymakers around the world.
States’ total outstanding liabilities are budgeted to fall to 27.6 per cent of GDP for 2023-24 from the peak of 31 per cent in 2020-21. However, outstanding liabilities may remain higher than 30 per cent of gross state domestic product (GSDP) for many states.
India’s benchmark 10-year bonds rose to 7.25 per cent from the previous level of 7.20 per cent on August 14 and T-Bill yields rose by up to 13 basis points Thursday. Ten-year bond yields have gone up by 17 basis points in the last one month.