Monday, 18 April 2016

ECONOMIC ROUND UP OF THE DAY 18 APRIL

Trade Data: March exports down 5.47% at $22.72 bn YoY March imports down 21.56% at $27.79 bn YoY

Trade Data: March trade deficit at $5.07 bn vs $11.7 bn YoY ($6.54 bn in Feb).

Trade Data: April-March exports down 15.85% at $261.14 bn YoY April-March imports down 15.28% at $379.6 bn YoY

State run banks, led by SBI, decide to freeze lending to Punjab government 

Masala bonds fail to take off on high costs; taxes deter borrowers from raising money 

Morgan Stanley downgrades Bank of Baroda and ICICI Bank 

PMLA Court issues non-bailable arrest warrant against .

 Mr J: Working to make sure all banks are able to meet capital adequacy rules. Must ensure all banks have world-class surveillance.

SBI: Indian banking sector going through period of stress. Risk to PSU banks from payments, small banks overplayed.

WPI inflation at (-)0.85% in March, stays negative for 17th month

GOVT : Steelmakers say MIP is not proving to be of much use in controlling imports

SBI asked to make provisions on food grain loans to Punjab

Islamic State's income drops 30 percent on lower oil, tax revenue: IHS

Saudi Arabia could raise crude output by more than a mn barrels/day: Deputy Crown Prince



Anil Aggarwal
Owner & Manager at Anil Aggarwal Coaching
(A proprietorship concern for IBPS exam guidance and Bank Interview preparation)
 Mobile:                               +91 9811340788
E-mail ID:         anilakshita@yahoo.co.in
Office: Flat #49, Trilok Apartments, Patparganj, I.P. Extension, Delhi-110092.

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