- Equities: Markets reacted to exit polls and actual results, swinging back with the formation of the government.
- Bonds: Expected stance by RBI muted bond markets with yields remaining unchanged.
- Policy: Rates unchanged at 6.5%, GDP forecast raised to 7.2% for FY25.
- Digital Payments: Proposed a platform for real-time data sharing to combat digital payment frauds.
- FEMA Guidelines: Rationalized for export-import activities.
- Bulk Deposits: Threshold raised to Rs 3 crore.
- Recurring Payments: Included under e-mandate for auto-replenishment
Impact of all these initiatives in detailed blog,
- Finalizing securitization framework for stressed assets.
- Revised ODI guidelines allowing investment in overseas funds managed by regulated managers.
- Demat Accounts: Mandatory direct transfer of securities into client accounts from October 14.
- BSDA Threshold: Proposed increase to Rs 10 lakh from Rs 2 lakh.
- Price Discovery: New auction method for ICs/IHCs to improve price discovery.
- FPI Disclosures: Relaxed timelines for reporting material changes.
- Penalties: Framework for financial disincentives on MIIs for lapses in detecting abnormal trading activities.
Read full blog to see impact
- Fitch Rating: Reaffirmed India's stable outlook at BBB-, noting strong growth but weak public finances.
- PMI:? Services fell to 60.2 and Manufacturing decreased to 57.5 in May, indicating slower growth but still expansionary with rising costs
- Business Registrations: Services sector dominated new registrations, accounting for 72% in April.
- HNWI Growth: Number of high net-worth individuals rose by 12.2% in 2023.
- Investments: April 2024 saw a 4% decrease from March 2024 and a 35% decrease from April 2023. Financial services led with US$1.8 billion in investments.
Suggest reading detailed blog with data points >> https://bit.ly/Weekending8thJune
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8 个月The recent market fluctuations indeed highlight the dynamic nature of economic landscapes, especially amid significant democratic exercises. Your insights into RBI's policy meeting and SEBI's initiatives provide valuable clarity amidst this volatility. As a digital marketing advisory firm specializing in startups and B2B businesses, we understand the importance of staying informed and adaptable. Explore our page for tailored strategies to navigate market shifts and drive business growth. Let's stay ahead together!