A rally in India`s bond market this month could prove short-lived as investors brace for as much as USD157 billion in sovereign debt sales over the next year, including from states financing a big bailout of electricity utilities, analysts warn.
Dispelling any notion of waiting and watching by the long-term investors, Finance Minister Arun Jaitley said here on Wednesday that the India story is on a firm footing and whatever outstanding issues are there are under the government`s active consideration.
In a breather for investors, CBDT on Tuesday said taxmen won't resort to coercive methods to recover dues towards Minimum Alternate Tax (MAT) on capital gains made by FIIs and will wait for the Supreme Court order on the issue.
Clamping down on Alchemist Infra Realty for defying its orders to refund investors, Sebi today directed prosecution proceedings against the company and its directors as well as attachment of their properties to recover the money.
Officials at Securities and Exchange Board of India (SEBI), which is seeking redress for millions of investors it says were burnt in conglomerate Sahara`s illegal bond scheme, say the group may not wholly own some of the properties in India it listed as proof of its ability to repay the savers.
Telling investors about improving ease of doing business in India, Finance Arun Jaitley on Thursday quipped that the number of industry leaders visiting his office has come down drastically as they do not need to come to seek permissions.
As investors and general public get bombarded with SMS tips promising huge stock market gains, regulator Sebi and stock exchanges have beefed up their surveillance to keep these scamsters in the check.