RBI impact on G-Sec Yields

The 10-year benchmark G-Sec yield has declined by 18bps (basis points) in the past fortnight...

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Small Savings: Government Likely To Lower Small Savings Interest Rate
The government is likely to lower interest rates on small savings like Public Provident Fund (PPF) and post-office deposits, to bring them in line with market rates. The decision regarding the quantum of rate cut and its timing will be decided by the finance ministry.
 
Economic affairs secretary, Shaktikanta Das, said: “It has been decided that with regard to transmission of rates, the government will undertake review of the small savings rates also.”
There has been a call from bankers to lower interest rate on small savings as a high rate on such government schemes makes fixed deposits of banks uncompetitive.
 
Smalls saving schemes include post office monthly income scheme (MIS), PPF, post-office time deposit scheme, senior citizen’s savings scheme, post-office savings account and ‘Sukanya Samriddhi’ accounts.

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Regulation: SMS-Based Investment Scams

Concerned over a spurt in investment scams perpetrated through SMSs, WhatsApp and the social media, SEBI (Securities and Exchange Board of India) has beefed up its surveillance of such platforms and is seeking greater cooperation from mobile and Internet service-providers (ISPs), as well as banks, to nail the culprits. Market trading activities have seen a major spurt in recent months; but this positive environment is also leading to many fundamentally weak stocks generating interest. The modus operandi revealed by this enhanced vigil, typically, includes tax evasion through bogus gains or losses through stock market platform; trading on the basis of unpublished price sensitive information; and certain Indian and overseas entities engaging in fraudulent activities of manipulating GDR (global depository receipt) route.

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