: Friday, April 23, 2021, 6:16 PM IST
Return of mutual funds, MPC minutes, and growing Agri export: Three things Teji Mandi investors should know on April 23, 2021
Return of Mutual Fund
In March 2021, equity mutual funds witnessed a net inflow of Rs 9,115 crore. It was for the first time after eight consecutive months of outflow.
Investment via SIP continued to climb as it went up to Rs 9,182 crore in March compared to Rs 7,528 crore in the previous month. The outstanding SIP accounts increased to 3.72 crores in March compared to 3.62 crores in February.
In March 2021, SIP inflow was the highest ever as the figures crossed the Rs 9,000 crore mark for the first time. Also, the equity funds reported inflow for the first time in eight months. It indicates that people are trusting the mutual funds again as the market has turned volatile.
Need to do more to rein in yields: MPC
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Last Updated: Apr 23, 2021, 07:05 AM IST
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Synopsis
A debate about the efficacy of the central bank’s guidance appears to be intensifying within the MPC with Governor Shaktikanta Das hesitant to commit himself on a time-bound guidance, while Prof. Jayant Varma declaring it to be ineffective and calling for action by the central bank.
The conduct of monetary policy could be smooth and is firmly in control even if external factors such as rising dollar and a flight of capital happen.
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Mumbai: The resurgence of Covid virus dominated the Monetary Policy Committee deliberations with members worrying that economic recovery could stall leading to them suggesting that the Reserve Bank of India should dip into its arsenal to bring down long-term interest rates as forward guidance has failed to keep a lid on yields.
Synopsis
Almost all members of the MPC have expressed concerns over the surge in COVID-19 infections causing to derail the economic recovery that we saw during September 20 to February 21.
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The resurgence of Covid infections dominated the MPC deliberations with many worrying that economic recovery could stall leading to the status quo on interest rates and accommodative monetary stance. But independent member Jayant Varma said the RBI should use many tools in its bag to bring down long term interest rates as forward guidance has failed to flatten the yield curve.
Almost all members of the MPC have expressed concerns over the surge in COVID-19 infections causing to derail the economic recovery that we saw during September 20to February 21. Risks to the recovery have become accentuated since the MPC’s February meeting – new waves of infections and the inexorably slow pace of vaccinations; moderation in several high frequency sentiment indicators; global risks and
Rural economic growth momentum is sustainable, says NABARD Chairman GR Chintala
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Last Updated: Apr 14, 2021, 12:22 PM IST
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Synopsis Agriculture - which works year round - never stopped, and we had confidence - even then - despite the pandemic and lockdowns that the sector is going to perform very well, says Chintala.
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GR Chintala, talks to ET Now about the agricultural sector and it s future in an increasingly uncertain times.
What are the benefits of the Special Liquidity Facility, and what lateral benefits do you expect from the additional liquidity?
The Special Liquidity Fund - released last year - of Rs 25,000 crore was a major initiative by the government to offset the effects of the pandemic. When the RBI figured out they wanted to inject liquidity into the system, they passed the returns from the Rs 25,000 crore they had given to NABARD last year to cooperative banks and RRBs. You can see the results, how credit has grown in the agriculture secto
CPI Inflation Rises To 5.5% In March
Apr 12 2021, 6:30 PM
April 12 2021, 5:58 PM
April 12 2021, 6:30 PM
Retail inflation rose further in March as fuel and transportation costs increased alongside some categories within the food basket.Consumer Price Index inflation stood at 5.52% last month compared with 5.03% in February and 4.06% in January 2021, according to data released by the Ministry of Statistics and Programme Implementation on Monday. A Bloomberg poll had pegged March retail inflation at 5.4%.Inflation in food and beverages ro.
Retail inflation rose further in March as fuel and transportation costs increased alongside some categories within the food basket.
Consumer Price Index inflation stood at 5.52% last month compared with 5.03% in February and 4.06% in January 2021, according to data released by the Ministry of Statistics and Programme Implementation on Monday. A Bloomberg poll had pegged March retail inflation at 5.4%.