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Recapitalization Bonds in India, Jerome Powell Appointment et al

Professor of Financial Economics and Part-time Value Investor, Transfin.
Jan 24, 2018 12:28 PM 1 min read
Editorial

Govt to infuse c. INR90,000 cr into PSBs as part of its INR2.11 lakh cr recap plan; Petrol and Diesel prices hit highest level since 2014; US Senate confirms Jerome Powell as next chairman of the Federal Reserve, 20% advance tax on cryptocurrency earnings; Payment of GST related Tax Collected at Source for Flipkart & Amazon deferred; New regulations for over-the-counter drugs planned in India

End of Day Wrap-up (Wednesday / January 24, 2018) #PSB #Recapitalization #GST #Tax #Petrol #Diesel #US #Senate #JeromePowell #Drugs #Transfin

Editor's comment: Besides the above, PM Modi's inaugaral speech at the World Economic Forum's flagship event in Davos has dominated news coverage. He remarked how the world is getting under the grips of protectionism but assured that India's is definitely open to business.

India was the flavour of the annual gathering, with CEOs tagging it as a top 5 global investment destination, displacing Japan. However, questions are being asked over the double standards of positioning the nation as a paragon of free trade on paper, while still adopting a tariff heavy approach with its trading partners.