Haircut refers to the difference between the market value of the particular securities and the value at which the same has been kept as collateral

The Reserve Bank of India has set in motion a road map for gradual reduction in statutory liquidity ratio from the existing 19.5 per cent to 18 per cent, in the next six quarters from January next year

This MPC meet is being closely watched since it comes on the heels of the tension-fraught RBI board meeting last month where the members agreed to set up a committee to look into the government's claim on surplus capital.

Partial withdrawals will now be allowed to National Pension System subscribers who wish to improve their employability or acquire new skills by pursuing higher education/ acquiring professional and technical qualifications, says the PFRDA.

Since the Modi government decided to cut borrowings for H1 of FY 19, Indian bonds value saw the sharpest rise in over four years on Tuesday. The rise in value of govt bonds signals an increase in credibility of the government's fiscal situation since it hopes to meet its expenditure by taking lesser loans.

The government will borrow Rs 2.88 lakh crore in the April-September period of next fiscal, which is 47.56 per cent of the budgeted gross borrowing.

Rising yields mean bond fund portfolios will be under pressure for a considerable time period.