🏦RBI's ₹3.5T Dividend Boost
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🗞️ RBI's ₹3.5 Trillion Boost to Govt
The RBI is set to transfer a record ₹3.5 trillion dividend to the government for FY25, significantly exceeding market expectations. This windfall could ease fiscal pressures, giving the Centre more room to boost capital expenditure.
🗞️ Fed Holds, Markets React
The US Federal Reserve kept interest rates unchanged, signaling caution amid sticky inflation. Analysts believe this could bring temporary relief to global equities and emerging markets like India.
🔍 Expert Take:
“A pause was priced in, but the absence of dovish commentary means volatility could stay elevated,” said a global strategist at HSBC.
🗞️ Starlink Receives Government Nod for Starlink
Elon Musk's satellite communications venture, Starlink, has received a Letter of Intent (LoI) from India's Department of Telecommunications (DoT) to commence satellite communication services in the country.
🗞️ India, US Eye Zero Tariff Deal
India and the US are reportedly in advanced talks over a potential zero-tariff agreement covering 90% of traded goods. The initiative, supported by former US President Donald Trump, could redefine bilateral trade if finalized.
🗞️ BoE Cuts Rates to 4.25%
The Bank of England surprised markets by trimming rates to 4.25%, citing weakened demand and the tariff drag on growth. The move contrasts with the Fed’s hold and may pressure the RBI ahead of its June policy meet.
🗞️ China Extends Anti-Dumping Duty on India
China will continue its anti-dumping duties on cypermethrin imports from India for five more years. This move is seen as a trade defensive amid rising geopolitical friction.
🗞️ Govt Drafts Climate Finance Framework
The Finance Ministry released a draft climate finance taxonomy, aiming to standardize sustainable investing in India. This could shape ESG investments and green bonds in the coming years.
🔍 Expert Take:
“This framework aligns India’s green finance market with global standards—it’s crucial for attracting institutional ESG capital,” said a senior ESG strategist.
🗞️ Cash Still Dominates Consumer Spending
Despite a digital push, 60% of India’s consumer spending still happens in cash, according to new research. Experts cite trust, ease of use, and lack of digital literacy in semi-urban regions.
📊 Market Update :
📉 Sensex: 80,912.34 (−0.90%)
📉 Nifty 50: 24,273.80 (−0.58%)
💵 USD-INR: 85.53
🛢️ Brent Crude: $83.15/barrel
🪙 Bitcoin: $99,415 (+2.9%)