The government on Friday evening steeply revised upwards its 2020-21 borrowing programme by 53.85% to Rs 12 lakh crore. It was earlier estimated to be Rs 7.8 lakh crore, indicating that the Centre is giving shape to an imminent and sizeable fiscal package to arrest the COVID-19 related slowdown.
The above revision in borrowings has been necessitated on account of the COVID-19 pandemic.
Here is our take on the revised borrowings and what RBI can do next…
The financial industry in India is seeing some unusual and even some unprecedented events due to COVID19. As everyone is trying to maintain some sanity, Franklin Templeton takes an unexpected step by closing six debt fund schemes. This has definitely shaken up the Indian Mutual Fund industry.
Here’s our take on what lead FT to take this step.
We have all been reading about India VIX in the news. But what is VIX and what does it really mean?
In a nutshell, India VIX is a volatility index based on the NIFTY Index Option prices. The index measure the expected market volatility over the next 30 calendar days.
Read our complete article to understand how COVID affected India VIX.