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Indian sovereign bond yields increased following Narendra Modi's Independence Day announcement. The change involves rationalizing indirect tax slabs. This move raised concerns about potential revenue reduction. Experts suggest increased government borrowing might occur. Bond yields experienced the most significant single-day rise since early June. The market anticipates possible fiscal adjustments due to GST changes.
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Indian stock market anticipates GST simplification, potentially benefiting autos, cement, consumer goods, retail, hotels, and financials. Auto sector, especially two-wheelers, could see increased demand due to lower tax rates and potential RBI rate cuts. Financials may indirectly gain from credit growth in key sectors.
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News and Media
PFAS were once prized for their durability, but now firms are developing ways to destroy them.
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News and Media
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