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YOU WONT BELIEVE: 18 - What They Never Told You

Tamil Nadu plans to borrow ₹37,000 crore in the last quarter of fiscal 2023-24

Tamil Nadu to borrow ₹37,000 crore in 2023-24 to bridge income-expenditure gap, SDLs form major part of total liabilities.

The Hindu

Bomb blast threat to RBI and other locations in Mumbai; no suspicious object found, say police

A threat mail sent to the Reserve Bank about 11 bomb blasts in Mumbai sent police into a tizzy, but no suspicious object was found at these locations

The Hindu

Outlook 2024: With no apparent hurdles on horizon, road seems clear for stock investors

Cumulatively, the past 12 months have been stellar for investors who parked their money in Indian stocks. Read further on Dynamite News:

Dynamite News

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Telangana continues to depend on financial accommodation instruments of RBI due to shortfall in revenue receipts

Telangana’s finances continued to witness a shortfall in revenue receipts forcing the government to depend heavily on financial accommodation instruments such as special drawing facility (SDF), ways and means advances (WMA) and overdraft provided by the Reserve Bank of India (RBI) to meet its immediate needs

The Hindu

Surplus fund days in a year low in BRS rule, says Telangana CM in Assembly

Telangana Chief Minister A. Revanth Reddy has stated that the State’s finances are in a bad position and one of the major indications is the receding surplus fund days in a year, as per RBI reports.

The Hindu

Austrian RBI acquires 28% of Strabag, reducing Russia exposure

Austrian bank RBI is getting creative in its efforts to reduce its exposure to Russia, taking a 28% stake in construction firm Strabag.

Top News

Official refutes allegations on Andhra Pradesh’s debts

Official refutes allegations on Andhra Pradesh’s debts. As per an RBI report, the total outstanding liability of the Government of Andhra Pradesh at the end of March 2023 was ₹4,28,715.70 crore, says Duvvuri Krishna, Special Secretary to the Chief Minister of Andhra Pradesh.

The Hindu

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A slick show from its men gives Petroleum a record-extending 27th title in National table tennis

Petroleum & RBI win 27th & 1st titles respectively in National Table Tennis Championship.

The Hindu

Google has removed 2,500 fraudulent loan apps from its Play Store, says Finance Minister Sitharaman

Govt. removed over 2,500 fraudulent loan apps from Google Play Store to protect citizens from cybercrimes & safeguard interests. 44.46 crore loans sanctioned under PMMY.

The Hindu

T.N.’s outstanding liability from bonds stood at ₹5.38 lakh crore as of March 2023

Tamil Nadu had ₹5.38 lakh crore outstanding liability from bonds at end of March 2023, with 38.5% due in 1-5 years.

The Hindu

We enhanced Transco, Genco assets, but Congress indulging in false propaganda of accumulated losses: KTR

BRS MLA K.T. Rama Rao criticizes Congress govt. for wrong publicity & false claims of debts in Telangana.

The Hindu

Acceleration foretold: On volatile food prices

The onus is squarely on the government to help temper inflation, or risk suffering an erosion in broader consumption and economic growth

The Hindu

Share of Tamil Nadu’s own tax revenue has remained stable at over 70 per cent: RBI study

Tamil Nadu's SOTR share of total tax revenue stable at over 70%, SGST emerged as most important source post-GST.

The Hindu

Telangana ranked among the top in own tax revenue collections at 84.2% of overall tax collected

Telangana ranks among top States in terms of own tax revenue, with 84.2% of overall tax revenue.

The Hindu

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The Hindu

Telangana to borrow ₹500 crore through auction of securities by RBI

The State government has decided to raise market borrowings of ₹500 crore. It has put up an indent for raising the amount through auction of securities

The Hindu

Falling behind: On Monetary Policy Committee and inflation

The dissonance in messaging from the central bank, i.e. the Monetary Policy Committee, is telling

The Hindu

RBI hikes UPI transaction limit for hospitals and educational institutions

The Reserve Bank of India raised the UPI payment limits for hospitals and educational institutions from ₹1 lakh to ₹5 lakh per transaction, said Governor Shaktikanta Das on December 8.

Dynamite News

RBI maintains status quo in policy rate for 5th time now

The Monetary Policy Committee of the Reserve Bank of India (RBI) in its December review meeting unanimously decided to keep the policy repo rate unchanged at 6.5 per cent, thus maintaining status quo for the fifth straight time.

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The Hindu

Banks that funded coal plants need an escape plan | Data

Most loans to coal-fired plants were given by public sector banks of corporations

The Hindu

Morning Digest | Exit polls show Congress win in Telangana, Chhattisgarh, but differ over M.P., Rajasthan; GDP surges 7.6% in Q2, goes past RBI forecast; and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on November 26, 2023

The Hindu

GDP surges 7.6% in Q2, goes past RBI forecast

India's Q2 GDP grew 7.6%, higher than expected, driven by govt spends & manufacturing. GVA growth eased to 7.4%, but farm sector skidded to 1.2%. Construction & manufacturing led with 10.5% & 9.3% growth respectively. PFCE growth halved to 3.1%. RBI & govt expect 6.5% growth this year.

The Hindu

Ernakulam consumer rights panel asks bank to refund amount withdrawn beyond credit card holder’s remaining balance limit

Ernakulam District Consumer Disputes Redressal Commission orders nationalised bank to refund ₹39,507 to credit card holder and pay ₹35,000 compensation for unauthorised withdrawal. Commission cites Kerala High Court ruling that bank cannot deny liability despite RBI's limited liability circular. Bank should not have approved transaction exceeding established limit, highlighting flaw…

The Hindu

Banks cautioned against loan recovery from farmers

Banks in Mysuru district were instructed to desist from loan recovery from farmers given the prevailing drought in the region.

The Hindu

What is RBI’s latest move to increase risk weight for lending about? | Explained

The RBI recently issued regulatory measures to banks and NBFCs to increase risk weights associated with consumer credit and bank credit by an additional 25 percentage points. We examine the rationale behind the move and its potential impact.

Dynamite News

Former RBI Governor S Venkitaramanan passes away

Former Governor of the Reserve Bank of India S Venkitaramanan passed away here on Saturday, due to brief illness. Read further on Dynamite News:

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