India Government Bonds

The Supreme Court today said that it will hear in March a batch of pleas challenging the government's Electoral Bond scheme which allows for anonymous funding to political parties.

The government is expected to announce a record gross borrowing of 16 trillion rupees ($196.28 billion) for 2023-24 when it presents the federal budget on Feb. 1, according to a Reuters poll of economists.

The fundraising through Additional Tier 1 (AT1) capital up to an amount of Rs 10,000 crore is subject to Government of India concurrence, SBI said.

The government on Saturday approved issuance of the 24th tranche of electoral bonds that will open for sale on December 5.

The bond amount has also been reduced from Rs 40 lakh to Rs 30 lakh. After deducting the fees, the amount will come out to be around Rs 25 lakh, CM Manohar Lal Khattar said

Resident doctors at the PGIMS, Rohtak had gone on an indefinite strike in solidarity with the MBBS students' ongoing agitation.

Trinamool MP Mahua Moitra alleged on Wednesday that the Union government's issuance of more electoral bonds ahead of the elections in Gujarat and Himachal Pradesh was a violation of the model code of conduct.

Indian Medical Association (IMA) has extended its support to the protesting MBBS students and demanded the government abolish the bond policy.

Ahead of assembly elections in Gujarat and Himachal Pradesh, the government on Monday approved issuance of the 23rd tranche of electoral bonds that will open for sale on November 9.

BSNL and MTNL, the country's state-run telecom operators, intend to raise an aggregate of Rs. 19,356 crore through government-guaranteed bonds, according to three merchant bankers. MTNL is looking to issue bonds maturing in 10 years and will pay a semi-annual coupon, similar to how central government bonds are priced.

JPMorgan said India will remain on its radar for inclusion in its influential emerging market local currency debt index after its latest review on Tuesday, dashing hopes of inclusion of Asia's third largest economy in its index this year.

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), dashing market hopes that FTSE would announce its entrance into the index.

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.

Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday.

India wants global bond index operators to consider the local settlement of its government securities if they are included in their indexes, a government official said on Thursday.

The Supreme Court today said that it will hear in March a batch of pleas challenging the government's Electoral Bond scheme which allows for anonymous funding to political parties.

The government is expected to announce a record gross borrowing of 16 trillion rupees ($196.28 billion) for 2023-24 when it presents the federal budget on Feb. 1, according to a Reuters poll of economists.

The fundraising through Additional Tier 1 (AT1) capital up to an amount of Rs 10,000 crore is subject to Government of India concurrence, SBI said.

The government on Saturday approved issuance of the 24th tranche of electoral bonds that will open for sale on December 5.

The bond amount has also been reduced from Rs 40 lakh to Rs 30 lakh. After deducting the fees, the amount will come out to be around Rs 25 lakh, CM Manohar Lal Khattar said

Resident doctors at the PGIMS, Rohtak had gone on an indefinite strike in solidarity with the MBBS students' ongoing agitation.

Trinamool MP Mahua Moitra alleged on Wednesday that the Union government's issuance of more electoral bonds ahead of the elections in Gujarat and Himachal Pradesh was a violation of the model code of conduct.

Indian Medical Association (IMA) has extended its support to the protesting MBBS students and demanded the government abolish the bond policy.

Ahead of assembly elections in Gujarat and Himachal Pradesh, the government on Monday approved issuance of the 23rd tranche of electoral bonds that will open for sale on November 9.

BSNL and MTNL, the country's state-run telecom operators, intend to raise an aggregate of Rs. 19,356 crore through government-guaranteed bonds, according to three merchant bankers. MTNL is looking to issue bonds maturing in 10 years and will pay a semi-annual coupon, similar to how central government bonds are priced.

JPMorgan said India will remain on its radar for inclusion in its influential emerging market local currency debt index after its latest review on Tuesday, dashing hopes of inclusion of Asia's third largest economy in its index this year.

Global index provider FTSE Russell said India will remain on the watch list for inclusion in the FTSE Emerging Markets Government Bond Index (EMGBI), dashing market hopes that FTSE would announce its entrance into the index.

Indian government bonds will likely only be included in the JPMorgan emerging market global index early next year as New Delhi still needs to address various operational issues, four sources familiar with the matter said.

Indian Oil Corporation (IOC), the nation's top oil firm, raised Rs 2,500 crore in debt through non-convertible debentures (NCD) at an interest rate lower than government bonds, its director (finance) Sandeep Gupta said on Friday.

India wants global bond index operators to consider the local settlement of its government securities if they are included in their indexes, a government official said on Thursday.