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Time of India
15 hours ago
- Business
- Time of India
Corporate bond curve in 3–6-year segment offers investment opportunity amid rate cut hopes: PGIM India MF
The 3–6-year segment of the corporate bond curve presents a favorable investment opportunity in the current interest rate environment, according to Puneet Pal, Head of Fixed Income at PGIM India Mutual Fund. With the Reserve Bank of India maintaining an accommodative stance to support economic growth, the focus remains on ensuring effective transmission of policy rate cuts and keeping banking liquidity at comfortable levels. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo PGIM India Mutual Fund expects average CPI inflation for FY26 to be approximately 50 basis points lower than the RBI's projection, increasing the likelihood of further rate cuts. 'Given these conditions, the 3–6-year corporate bond curve, particularly AAA-rated PSU bonds, looks attractive. The current spread of 60–70 basis points between 5-year PSU bonds and equivalent government securities is appealing, especially when banking system liquidity remains in surplus,' said Pal. In addition to the 3–6-year corporate bond space, PGIM India MF sees a tactical opportunity at the longer end of the yield curve. 'Yields on 30-year bonds have remained unchanged over the past year, creating potential for value buying,' Pal noted. Investment Strategy: Short-term and dynamic bond funds Investors are advised to continue allocating to short-term or corporate bond funds with portfolio maturities of up to six years, while remaining tactical with duration via dynamic bond funds . Live Events PGIM India recommends an investment horizon of 12–18 months. Money market instruments with up to one-year maturities also offer attractive risk-reward profiles, the fund house said. Looking ahead, PGIM India expects the 10-year benchmark bond yield to remain in the range of 6.10% to 6.50% over the next month. Indian debt market update Bond yields trended lower through July, driven by better-than-expected inflation data. The 10-year bond yield closed at 6.36% on July 18, down 2.5 basis points since the start of the month, while the long-duration segment outperformed as 30-year and 40-year bond yields fell by 10 basis points. India's June CPI inflation came in at 2.10%, below market expectations of 2.25%, driven largely by falling food prices. Core inflation (excluding food, beverages, and fuel) rose slightly to 4.4%. PGIM India expects FY26 CPI inflation to average around 3%, well below the RBI's 3.7% forecast, raising the probability of another 25 basis points policy rate cut by December 2025. WPI inflation declined to -0.13%, marking the lowest level since October 2023. Meanwhile, India's goods trade deficit narrowed to USD 18.8 billion in June, supported by a sharp decline in oil and gold imports. The services trade surplus remained steady at USD 15.3 billion. Monsoon conditions have also been supportive. Cumulative rainfall stood 12% above the long-term average as of mid-July, leading to higher sowing across key Kharif crops like rice, pulses, coarse cereals, and oilseeds. International markets Globally, bond yields continued to remain elevated as debt concerns dominated the narrative, along with the continued strength of the US economy. The US benchmark 10-year bond yield ended the week at 4.42%, 19 basis points higher than the month's starting level of 4.23%. Long-end Japanese bond yields also rose, with the 30-year bond yield touching a high of 3.15%. Chinese CPI turned positive after five months, rising 0.1% year-on-year.
Hans India
a day ago
- Politics
- Hans India
LS, RS adjourned amid Oppn protests
New Delhi: Both Houses of Parliament were adjourned for the day on Tuesday amid protests by INDIA bloc members who raised slogans and waved placards against the ongoing voter list revision in Bihar and calling for a discussion on Operation Sindoor. Both houses will meet at 11 AM on Wednesday, the third day of monsoon session of Parliament. Union Parliamentary Affairs Minister Kiren Rijiju slammed the Opposition for what he called double-standards. 'They (Opposition) are demanding discussion, and we are ready for it. Then why are they not allowing the House to function?' the minister said. "This double-standards is wrong. If you want discussion, then do not create ruckus. The government has said that we are ready for discussion. You are wasting public money," he said, speaking between the Opposition protest on the floor of the House on Tuesday. The Opposition on Tuesday forced adjournments in the Lok Sabha by raising slogans and waving placards against the ongoing voter roll revision in Bihar and calling for a discussion on Operation Sindoor. Opposition members trooped to the Well of the Lok Sabha on the second day of the Monsoon session of Parliament, demanding a rollback of the Special Intensive Revision (SIR) exercise initiated by the Election Commission in Bihar ahead of assembly polls scheduled for later this year. When the House re-convened at 12 noon, BJP member Jagdambika Pal, who was in the chair, urged the floor leaders of the opposition parties to ask their members to return to their seats and allow the House to function. "The government is ready to discuss any issue which the Speaker allows as per the rules. I appeal to you to go back to your seats," said Union Law Minister Arjun Ram Meghwal. Pal also urged Opposition members not to show placards and instead give in writing their demands at the meetings of the Business Advisory Committee. As ruckus continued, Pal adjourned proceedings till 2 PM. The House was later adjourned for the day as the protests continued. Similar scenes were witnessed in the Rajya Sabha too. Earlier, when Lok Sabha House met at 11 am, Opposition MPs, including Congress, were on their feet, demanding discussion on the special intensive revision (SIR) of electoral rolls in Bihar and Operation Sindoor. Agriculture Minister Shivraj Singh Chouhan appealed to the opposition members to go back to their seats so that the House can take up questions related to farmers during the designated time of Question Hour. Speaker Om Birla intervened and told the opposition MPs that sloganeering and showing placards lowered the dignity of the House. He later adjourned the House till 12 noon. The House could not function on the first day of the session on Monday due to repeated adjournments following opposition protests over the demand of discussion on Operation Sindoor.
Time of India
a day ago
- Time of India
Wife's sloppy acting exposes husband's fake death plot
Surat: A 39-year-old transporter, believed to have died in a horrific road accident near Sachin with his face crushed beyond recognition, was shockingly found at a friend's house in Pune—just eight days after his family performed his last rites. What was registered as an accidental death on July 13 turned out to be a chilling plot by the debt-ridden transporter to fake his own death for insurance money. The accused, Shivkumar Mishra, allegedly crushed Deviprasad Pal, a trusted friend for 10 years, under the truck and dressed up the corpse with his clothes to stage his own death and get a Rs two lakh claim. Mishra's partner in crime was none other than his wife, Meenadevi, whose inability to convincingly play the grief-stricken widow ultimately led police to uncover the conspiracy. According to case details, the police found a badly crushed body on the Saniya-Khambhasala road in the Sachin police station area on July 13, and a complaint of accidental death was lodged the next day. The mobile found near the body, deliberately placed by Mishra, led the police to contact his wife for recording her statement and other formalities. Mishra instructed her to identify the body as his, perform the last rites, and act devastated in front of the police. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Ukraine: New Container Houses (Prices May Surprise You) Container House | Search Ads Search Now Undo Mishra was apprehended alive during a raid in Pune after police learned that he killed his 10-year-old friend, Deviprasad Pal (45), to obtain an insurance claim. Mishra crushed Pal's body to prevent identification and instructed his wife to accept the body as his own and perform the last rites. Police commissioner Anupam Singh Gahlaut told TOI: "While recording her statement, cops got suspicious as she didn't look saddened by her husband's death. The doubts strengthened when she repeatedly inquired with police about the maturity date of her husband's insurance policy." Gahlaut said the investigations were intensified by scanning a large number of CCTV footage and call detail records, which led the cops to Pune, where Mishra was living with a friend, Monu Gautam. The GPS tracking history of the truck also corroborated their findings. "Mishra told us that the loan taken for a new truck would also have been waived off if he was presumed dead," he added. The couple planned to leave Surat and settle in another city after obtaining the Rs two lakh insurance. As per the plot, Mishra went to Pal's house in Vadod village, some 15km from Sachin. He took Pal to a petrol pump on Kadodara-Bardoli Road in his truck and made him drink liquor. When Pal got intoxicated, Mishra took him to a deserted spot on his bike. He made him sleep on the road and crushed his face under the wheels of his truck parked at the petrol pump. Mishra removed one of the SIM cards from his mobile and left the device near Pal's body. Mishra, Meenadevi, and Gautam were booked for murder and criminal conspiracy. Pal was a soft target as he lived alone Police commissioner Anupam Singh Gahlaut revealed that on July 10, Mishra watched an episode of the TV serial 'Sasural Simar Ka', which featured a character being killed to claim insurance money. Inspired by the plot, he hatched a similar plan. Mishra had known Deviprasad Pal for over a decade, and both hailed from Bareilly in Uttar Pradesh. Pal was living alone in Surat while his family remained in UP—making him a soft target. Mishra assumed that if Pal went missing, no one would immediately notice or raise an alarm. DNA test to confirm victim's identity To establish that the deceased was indeed Pal, the Surat police will conduct DNA testing by matching the remains with samples from his family members. "After the deceased was identified as Pal, we sent bloodstains and tissue samples from the accident site for forensic analysis," said Sachin police inspector PN Vaghela. "His family is arriving from Bareilly soon for the DNA match." Second truck proved to be a burden Police said Mishra was managing well with one truck that supported his family. However, in a bid to increase income, he purchased a second truck on loan. When business slowed, he struggled to meet repayments and spiraled into debt—pushing him toward the desperate plot to fake his death for insurance.
Indian Express
a day ago
- Politics
- Indian Express
Lok Sabha functions for 18 minutes amid Opposition protest over Bihar electoral rolls revision
Lok Sabha proceedings were disrupted for the second day in a row on Tuesday, with the House functioning for just 18 minutes amid a ruckus over the Special Intensive Revision (SIR) of electoral rolls in Bihar. The House was first adjourned in the morning after barely two minutes of sitting. It then sat for 12 minutes and four minutes, in two sittings in the afternoon, before being adjourned for the day. As soon as the House sat, Opposition members from the Congress, the Samajwadi Party (SP), Rashtriya Janata Dal (RJD), Dravida Munnetra Kazhagam (DMK), Left and Trinamool Congress (TMC), among others, stormed the Well of the House with placards reading 'SIR=Death of Democracy', 'SIR: Stealing Indian Rights', 'Quit SIR' and 'Modi Sir, No SIR'. Members also shouted slogans of 'Tanashahi nahi chalegi (Autocratic rule will not work)'. Agriculture Minister Shivraj Singh Chouhan, who was fielding questions during the Question Hour, rose to say, 'It is my prayer that today's Question Hour is about farmers, poor, villages… the Opposition should allow these questions to come to the fore.' Following this, Speaker Om Birla said, 'Today, Question Hour will discuss issues of farmers and problems faced by them. But you do not want the House to run. You do not want farmers' issues to be discussed. If you come here with placards with an intention to create ruckus, it is against the traditions of the House. …This House is for discussion and debates and not for sloganeering. …I will not allow placards.' Birla then adjourned the House till noon. Following this, Opposition members gathered at Makar Dwar of Parliament and held a protest, shouting slogans and holding placards. As proceedings resumed at noon, Jagdambika Pal took the Chair and allowed for papers to be laid on the table even as Opposition members once again stormed the Well of the House and continued to protest, demanding a discussion on SIR. Pal said that the Speaker had received adjournment notices from some members, but none have been allowed. 'I am requesting to K C Venugopal ji, Akhilesh Yadav ji and all the respected leaders. Yesterday, you had raised an issue that there should be a discussion on Operation Sindoor. The parliamentary affairs minister had said that it would be decided in the Business Advisory Committee (BAC). The BAC has accepted 16 hours of discussion on it. If you want a discussion on SIR… this will be brought before the BAC. I will give a ruling on the issue. The government is ready to discuss all issues. The government is ready to give a reply,' Pal said. Following this, Minister of State for Parliamentary Affairs Arjun Ram Meghwal said, 'We are ready to discuss any issue on which you give a ruling. I appeal to them that they should take their seat so that a discussion can happen under the rules.' Opposition members, however, continued sloganeering. 'Instead of showing placards, submit your proposals and resolution, and the Speaker will give time… government will give a reply. You are forcing the House to adjourn,' Pal said before adjourning the House till 2 pm. As the House began proceedings at 2 pm, Dilip Saikia took the Chair even as Opposition MPs continued their protest. Saikia requested MPs to take their seat and assured that all issues would be discussed. Parliamentary Affairs Minister Kiren Rijiju said, 'It was decided in the BAC that first a discussion would be held on Operation Sindoor. Time was fixed. Do you want to discuss all issues together? How is that possible? I condemn the way they protest with placards on every other issue. They are asking for discussion, and we are ready for it. But they disrupt the House. This is not good. You are wasting the money of the people. Who will answer for it? I condemn the disruption being engineered by the Congress and some other parties.' Saikia said such disruptions were against the spirit of democracy, and then adjourned the House for the day. The Rajya Sabha also witnessed repeated adjournments as Deputy Chairman Harivansh chaired the proceedings, a day after the sudden resignation of Vice-President Jagdeep Dhankhar, also the ex-officio chairman of the Upper House.
The Print
2 days ago
- Politics
- The Print
LS adjourned for day as opposition protests demanding debate on SIR; govt slams ‘double standards'
Dilip Saikia, who was on the chair, made repeated requests to opposition MPs to go back to their places and allow the House to function. Opposition members trooped to the Well of the Lok Sabha when the House reconvened at 2 pm after two earlier adjournments on the second day of the Monsoon session of Parliament demanding a discussion and roll back of the Special Intensive Revision (SIR) exercise initiated by the Election Commission in Bihar ahead of assembly polls scheduled for later this year. New Delhi, Jul 22 (PTI) The Lok Sabha was adjourned for the day on Tuesday due to protests by the opposition demanding a discussion on the ongoing voter roll revision in Bihar, even as the government accused them of practising 'double standards' by asking for a debate on one hand and disrupting the House on the other. As the protests continued, Parliamentary Affairs Minister Kiren Rijiju got up and condemned the opposition behaviour. He said it was agreed at the Business Advisory Committee meeting on Monday that first Operation Sindoor will be taken up for discussion and the time for it had also been fixed. 'Only the rule under which discussion will take place will be decided. They come here carrying placards and violate the rules, I condemn this,' Rijiju said. 'They are asking for a debate and we are ready for a debate but they are not allowing the House to function,' he said, slamming the opposition. These 'double standards are wrong, on one hand they ask for debate and then create a ruckus like this,' he said. Rijiju said the government is ready but the opposition was wasting the time of Parliament. He condemned the behaviour of the Congress and other parties. Earlier, when the House re-convened at 12 noon, BJP member Jagdambika Pal, who was in the chair, urged the floor leaders of the opposition parties to ask their members to return to their seats and allow the House to function. 'The government is ready to discuss any issue which the Speaker allows as per the rules. I appeal to you to go back to your seats,' Arjun Ram Meghwal, Minister of State for Parliamentary Affairs, said. Pal also urged opposition members not to show placards and instead give in writing their demands at the meetings of the Business Advisory Committee. As ruckus continued, Pal adjourned proceedings till 2 PM. When the House met at 11 am, opposition MPs, including Congress, were on their feet, demanding discussion on the revision of electoral rolls in Bihar and Operation Sindoor. Agriculture Minister Shivraj Singh Chouhan appealed to the opposition members to go back to their seats so that the House can take up questions related to farmers during the designated time of Question Hour. Speaker Om Birla intervened and told the opposition MPs that sloganeering and showing placards lowered the dignity of the House. He later adjourned the House till 12 noon. The House could not function on the first day of the session on Monday due to repeated adjournments following opposition protests over the demand of discussion on Operation Sindoor. Under Operation Sindoor, armed forces attacked Pakistani terror sites and defence installations for three days beginning May 7 following the Pahalgam terror attack on April 22 in which 26 people were killed. PTI ASK JD ACB SKU ASK DV DV This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
