The RBI move is expected to give an exit to existing investors and also help in reducing the level of stress in the banking sector.
Out of a total of 18,123 card related complaints, 10,651 complaints were pertaining to ATM/debit cards (12.51 per cent of complaints received).
In India, total issuance last year was worth less than 3 per cent of GDP, which places the country below most of its Asian peers with the sole exception of Indonesia.
The daily average trading in the Gilt market is in the range of Rs 15,000-20,000 crore, which came down to under Rs 9,000 crore on Thursday.
The governor has also agreed to ceding the management of debt to a special committee appointed by the government.
ICEGATE is the customs electronic repository of bills of entry, shipping bills and other import-export documents.
In 2008, India had to drop a proposal to borrow after China objected to a Rs 11,000 crore loan to strengthen electricity distribution and transmission in Arunachal Pradesh and Sikkim.
Raghuram Rajan’s instrumental view isn’t as full a defence of tolerance as we need.
Foreign investors pumped in `6,649 cr in Indian equities along with `15,700 cr in domestic debt.
On April 1, the RBI also barred FIIs from buying government debt with less than one-year maturity to encourage longer-term fund inflows.
Most appear to have forgotten the existence of IFCI, the last of the original developmental institutions, which was run to the ground by successive managements decades ago.
The conversion rate for foreign currency to rupee would be as per the applicable market rate on the date of settlement.
Rajan said India does not have many good economists who could represent the country in various international fora and working groups.
If there’s anything investors should worry about in the debt market, it is to get sufficient exposure to the right debt funds.
The new fund will be in operation for another three years or till such period as may be decided by the RBI and the Government in consultation with other stakeholders.