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Kailash Auto Finance dropped from BSE indices

Based on SEBI directions and under provisions of rules, bye-laws and regulation of the Bombay Stock Exchange, Kailash Auto Finance Ltd (Exchange ticker – 511357) shall be suspended with effect from Tuesday, 9 August 2016. This stock will be dropped from the following indices including S&P BSE AllCap, S&P BSE Industrials, S&P BSE MidSmallCap and S&P BSE SmallCap.

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Government pegs inflation target at 4% for five years
The central government on Friday notified a 4% inflation target, plus or minus 2%, for the next five years under the monetary policy framework agreement with the Reserve Bank of India.
 
A notification tabled in the Lok Sabha fixed inflation target at 4% with upper tolerance level of 6%, while the lower limit could be fixed at 2%.
 
"In view of the powers conferred by Section 45ZA of the RBI Act, 1934, the central government, in consultation with the bank (RBI), hereby notifies the inflation target beginning from the date of publication of this notification and ending on March 31, 2021," the notification said.
 
The announcement is seen as an important strategy of the inflation-fight policy pioneered by the outgoing RBI Governor Raghuram Rajan.
 
The government and the RBI had in early 2015 entered into a monetary policy framework agreement, under which RBI would set the policy interest rates and aim to bring inflation below 6% by January 2016.
 
Against this backdrop, the central government had also amended the RBI Act through Finance Act, 2016. However, the inflation target was not mentioned.
 
The government has also started the process of setting up a Monetary Policy Committee. The MPC would be mandated to set the interest rate -- a practice now being done by the RBI.
 
The interest rates would be based on inflation target set up by the government and also agreed upon by the RBI.
 
However, according to media reports, some experts including former RBI Governor D. Subbarao have disfavoured fixing inflation target given the challenge to ensure financial stability.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.
 

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COMMENTS

MG Warrier

4 months ago

Great! There is no better way to rein in Reserve bank of India than giving a ‘TARGET’ to chase after clearly expressing the intention to remove all instruments from RBI Governor’s armoury.
Till 2008, to be more specific, till Centre started searching for an ‘obedient’ RBI Governor to succeed Dr Y V Reddy, despite expressions of dissent between GOI and RBI, the assertion of ‘ownership rights’ and encroachment into the sanctum sanctorum of the central bank by the former was never so blatant and transparent. The appointment of the Financial Sector Legislative Commission which concentrated more on clipping the wings of RBI rather than worrying about changes needed in the legislations needed to implement financial sector reforms consistent with the transformation of the global financial market during the last couple of decades almost sealed the possibility of a review of the role of RBI envisaged in the Preamble of the RBI Act in 1934.
RBI is still surviving, thanks to the inherent strength of the institution developed during its 75 years of existence and the willingness of RBI to resist pressure from GOI, under the able leadership of two successive governors. It is another matter that the memoirs of Duvvuri Subbarao(“Who Moved My Interest Rate?”) attracted media attention and the “Governor’s Overview”, a new chapter written into the Reserve bank of India Annual report 2014-15 by Raghuram Rajan was blacked out by both electronic and print media in August 2015.
M G WARRIER, Mumbai

RAVI RAM PV

4 months ago

Govt. & Corporates (in that order) manipulate the media & the data to gun for low interest rates.
Inflation rate: for CPI, improvement in the volume, reliability & validity of data is important. Most of the times we see the govt. tom-tom-ing that inflation is low but, reality has been the galloping inflation in essential items like pulses, milk. Which common home maker who actually buys day-to-day stuff accepts that inflation is low?
Cooked-up data is being bandied around to justify lowering of rates.
Does anyone care about the retired who have no option other than schemes like SCSS? Where will they generate income?? ULIPS??? or, scam ridden stock markets????

Bapoo Malcolm

4 months ago

+ or - 2% is not just 2%. It is a 100% spread, either way. Better to say 3% or 5%, and stick to it. The spread will bring in ad hocism. Has anyone dared say the economy will increase by 8%, + or - 2%?

Traditional cholesterol testing may not predict heart disease
Traditional testing for the level of a specific component of high-density lipoprotein cholesterol (HDL-C) -- the "good cholesterol" -- may not be a better predictor of the damage or disease in the heart's major blood vessels, says a study.
 
Failure of drug trials to observe benefits by elevating high-density lipoprotein cholesterol (HDL-C) in the blood has raised serious doubts about HDL-C's properties of reducing the formation of plaques that block our blood vessels and cause coronary heart disease, the researchers said.
 
Coronary artery disease (CAD) is a condition which affects the arteries that supply the heart with blood. 
 
The findings after adjusting for age, use of statins, smoking, and other factors, showed that small, dense, protein-rich particles making up "good cholesterol" may be more protective of our blood vessels than large, buoyant cholesterol-rich particles.
 
The more small and medium "good cholesterol" particles were found in the blood vessels, the less was the arterial calcification present. 
 
There was no association between large HDL- particles and coronary artery calcification.
 
The association with HDL- cholesterol was weaker and inconsistent between men and women.
 
"Our findings indicate that HDL- particles and medium-sized HDL particles are better independent markers of coronary artery disease, as reflected by coronary artery calcification, than HDL-cholesterol," said Chobufo Ditah from Hebrew University in Jerusalem, Israel.
 
"The study support previous reports suggesting that small dense HDL particles are protectively associated with risk of coronary heart disease," Ditah added.
 
For the study, published in the journal Atherosclerosis, the team recruited 274 Arabs and 230 Jews residing in Jerusalem. 
 
The team used Nuclear Magnetic Resonance (NMR) spectroscopy to identify the numbers and sizes of plasma HDL particles, and helical CT-scanning to identify calcification in their coronary arteries, reflecting the overall burden of coronary atherosclerosis. 
 
With these data in hand, they looked for associations between the concentrations and sizes of different HDL particles, and coronary artery calcification. 
 
"Based on the accumulating evidence, incorporation of medium-sized HDL particles or HDL- particles into the routine prediction of coronary heart disease risk should be considered," noted Jeremy Kark,Professor at the Hebrew University.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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COMMENTS

Ramesh Poapt

4 months ago

excellent, may Dr Hegde simplify it for its easy/simple/effective
monitoring pl.?

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