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.

The bond yields are rising since Aug'17 with yield on 10 year g-sec increased by almost 100 basis points between Aug'17 and Jan'18. It was 6.4% in Aug'17 with current yield at 7.4%.

The report gives an account of the public debt management and cash management operations during the quarter and attempts a rationale for major activities.

With the Nifty touching 10,000 mark for the first time, Ashish Parthsarthy, Treasurer at HDFC Bank, talks about the concerns that the risks, especially globally, aren't being priced correctly and any unprecedented event may drag down the market across the globe including India.

\"Bond yields are expected to be stable or have an upward bias as the Indian economy remonetizes; FII flows and insurance demand is expected to be strong which should support bond yields\"

With the US economy growing in strength, the chances of a hike in interest rates by the Federal Reserve seem to be growing. Already, a strong indication has been given by the US Fed Chair Janet Yellen.

With little clarity on the way interest rates are headed, we tell you how you can make money from fixed-income instruments.

With both retail and wholesale inflation easing, the Reserve Bank may cut policy rates by another 25 basis points this fiscal, India Ratings said.

RBI staff unions have appealed to MPs, and state finance ministers to block the proposal to set up a Public Debt Management Agency (PDMA) as holding of government securities by the central bank in a developing economy is better for the country.

\"These measures are intended to further deepen market development, enhance participation, facilitate greater market liquidity and improve communication,\" an RBI release said.

Market participants and analysts have hailed the Reserve Bank's measures announced today to deepen the corporate bonds market, saying the move will go a long way in developing the nascent debt space.