BONDS, CURRENCIES & COMMODITIES


Following the breakup of a JV between Uralkali and Belaruskarli, China managed to secure potash at $305 per tonne. India too followed the suit and clinched a deal at $322 per tonne from Uralkali for 8 lakh tonnes of potash For the first nine months of fiscal year, 2013-14, covering April...

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Chinese currency Yuan or Remminbi has been rock solid until recently. This created carry trade of faking of exports, getting in foreign exchange and buying a rising renminbi. Now that the Chinese currency has dropped what happens? There was one major emerging market currency that was not...

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RBI has tried to push the inflation index bonds with additional commission for distribution and doubling the investment limit. But the product has not caught the fancy of investors. Find out why different customer segments shunned the product that is open till 31st March Reserve Bank of...

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Moneylife Digital Team 11 March 2014
The sharp fall in exports a matter of concern, says SBI Research The trade numbers released indicate export declining by 3.7% and imports registering a de-growth at17.1%. As a result the overall trade deficit narrowed to $8.1 billion. According to SBI Research the point of concern is the...

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Moneylife Digital Team 11 March 2014
Besides protection of its assets, Mt Gox has requested the suspension of actions in the US that jeopardise its efforts to restructure abroad Troubled Bitcoin exchange Mt Gox has filed for protection under US bankruptcy law, 10 days after doing the same in Japan after a huge loss of the...

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Moneylife Digital Team 03 March 2014
Many affected Indians have used untaxed money for purchase of those bitcoins and were looking for easy returns in this so-far unregulated market. Mt Gox is estimated to have lost over Rs3,000 crore In a rude jolt to growing virtual currency frenzy in India, bitcoins worth crores of...

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Moneylife Digital Team 25 February 2014
The website of Mt Gox, one of the major exchange for Bitcoin, is not longer online amid reports it suffered a debilitating theft, a new setback for efforts to gain legitimacy for the virtual currency Embattled Bitcoin exchange Mt Gox has largely vanished from the Internet amid...

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Finally, SEBI seems to have woken up to possible thousands of crores invested by consumers in gold savings schemes of jewellers. In these cases, there is no recourse, if the jeweller happens to shut shop. It is time these schemes are regulated to prevent any future scam   Many jewellers...

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The combination of higher interest rates, economic slow down, and poor information means that the revelation of the true health of emerging markets-EM financial systems will not surface until the problems are too large to hide Last week markets fell. Most of the pull back was blamed on...

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Moneylife Digital Team 23 January 2014
The UPA chairperson has reportedly sent a letter to the government for reducing import duty on gold and relaxing the 80:20 import-export rule As India tries to get out of an economic mess, more and more people are dispensing expert economic advice. After Baba Ramdev peddled the muddled...

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Nidhi Bothra  and   Shambo Dey 21 January 2014
Benefits that SEBI and RBI tried to offer to small and medium sized private companies are largely offset by the countermeasures of Companies Act, 2013 From the recommendations of the RH Patil Committee, emphasising on the importance of the deep and liquid corporate bond market to the...

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Moneylife Digital Team 17 January 2014
While commodity bourses will not apply initial, additional and special margins on hedgers or sellers who give delivery, the Exchanges would continue to collect MTM margins Commodities market regulator Forwards Markets Commission (FMC) has exempted hedgers from paying risk margin in...

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There is an urgent need to encourage corporate bodies to invest in building up the infrastructure facilities for storage and exports of foodgrains In order to support the Food Security Act, the Ministry of Agriculture has estimated that the essential foodgrains in India, to the extent...

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Shambo Dey 14 January 2014
This is the concluding part of a two-part series on the technical and legal issues of virtual currencies, especially Bitcoins. One of the major legal issues in Bitcoin like economy is anyone could be a victim of theft or malpractice and there is no consumer protection available This part...

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Moneylife Digital Team 13 January 2014
The wheat production this year will be an all time high production and will beat all previous records, according to Minister of State for Agriculture and Food Processing Industries, Mr Tariq Anwar at an ASSOCHAM event held in New Delhi India is likely to achieve record wheat production...

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Shambo Dey 13 January 2014
In this two part series, we take a look at technical and legal issues related to virtual currencies, especially Bitcoins. This is the first part on technical aspects of Bitcoins Before we go into a discussion of Bitcoins, it is important to understand what digital cash is.   What...

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Nivedita Shankar 07 January 2014
Gold investment schemes are completely unregulated. In this scenario, the lingering question is what if the company or jeweler goes into liquidation? Will the investors’ money ever be returned? The spurt of gold investment schemes has grabbed the attention of many. The gold investment...

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Vishrut Patel 06 January 2014
Bitcoins are not illegal even if it is a highly volatile and risky in nature but it may be misused for illegal trading activities, says Bitcoin Alliance The Bitcoin Alliance India (BAI), a community of Bitcoin entrepreneurs, has agreed that Bitcoins is risky and speculative but has urged...

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Moneylife Digital Team 06 January 2014
The Reserve Bank of India (RBI) has cautioned users, holders and traders of virtual currencies (VC) like Bitcoin, Litecoin, BBQcoin and Dogecoin and is examining the legal and regulatory framework of VCs. In a press release, RBI stated that Bitcoin and other VCs are exposed to potential...

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Free money from the US Fed allowed Turkey, South Africa, India, Brazil, and Indonesia and others to run deficits as their higher interest rates created a demand for their bonds and currencies. Now that has reversed So far the markets seem to have taken the US Federal Reserve’s (Fed)...

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