Financial bulletins

 *Financial News Bulletin Dt.31st December,2023*

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Even as the Centre’s fiscal deficit came in at just 50.7% of its full year target by end November 2023, it may marginally exceed the full year target of 5.9% of the GDP. According to analysts, the fiscal deficit may be closer to 6% in FY24 due to lower than anticipated nominal GDP growth.

-Business Today

Uttar Pradesh now has more stock market investors than Gujarat, shows NSE data.Uttar Pradesh added the most number of new stock market investors for NSE in 2023, followed by Maharashtra and Gujarat. In percentage terms, Mizoram, at 55% showed the biggest jump but it came on a low base of 9,564 investors.

-Business Today

Turbulent times are ahead for freshers seeking IT jobs as the global slowdown-hit Indian IT/Tech industry is estimated to hire a reduced 1.55 lakh freshers in FY2023-24 compared to the 2.3 lakh freshers it absorbed in the previous financial year, according to latest data from tech staffing & solutions provider TeamLease Digital. 

-Business Today

Final decision on customer complaints should be communicated in 30 days: RBI tells Banks, NBFCs. The directive is aimed at improving consumer grievance redress within the regulated entities, besides improving customer service standards.

-Business Line

The Chennai Metro project celebrates a major feat on Saturday with the Tunner Boring Machine (TBM) Kaveri successfully entering the Adyar River, marking the first-ever metro tunnel beneath its waters. This breakthrough paves the way for connecting Greenways Road and Adyar Junction stations, enhancing city connectivity.

-Business Line

Record-Breaking Surge. FPIs inject $8 billion in December, setting unprecedented flow levels. India caps 2023 with historic Net FPI inflow of ₹ 1.71 lakh crore, marking a milestone year.

-Business Line

Finance Minister Nirmala Sitharaman on Saturday held a meeting with heads of public sector banks and reviewed their financial performance. During the meeting, concerns related to cyber security and the risks on the financial sector were discussed, sources said.

-Economic Times

South Korea has announced plans to introduce a new visa for foreign nationals to visit the country on a working holiday.According to reports, the workation visa will be launched on January 1, 2024. This new initiative aims to encourage individuals to stay in the country for an extended period, aligning with the global trend of "workation."

-Economic Times

Karnataka logs 201 fresh Covid-19 cases and 1 new death.The maximum number of tests were conducted in the Bengaluru Urban District. Out of the 2,095 tests conducted, 69 have been found positive for the virus, which is the highest as compared to other districts of the state.

-Financial Express

Nirmala Sitharaman directs PSBs to ensure monitoring of large accounts, enhance diligence of loan disbursement.On the performance front, PSU banks have earned a net profit of about ₹68,500 crore during the first six months of the current financial year.Sitharaman directed PSBs to to enhance due diligence before loan disbursement, ensure regular monitoring of large loan accounts, and undertake swift and thorough legal action in cases of such default.

-Mint

Bengaluru police shuts Phoenix Mall of Asia to public for 15 days ahead of New Year.Bengaluru police have invoked sections 144(1) and 144(2) of the Code of Criminal Procedure to restrict public access to Phoenix Mall of Asia from 10 am on December 31 to 11:59 pm on January 15, 2024.

-Money Control