12th May 2015 - Quick snapshot
1.
The revenue department will not act on demands
for minimum alternate tax on foreign investors nor will it make any fresh MAT
claims
2.
Lok Sabha passes bill on Black money
3.
NDA may agree to demands to refer the GST bill
to Rajya Sabha’s select committee and form a joint panel of Parliament to
examine land bill
4.
Brent crude marginally lower @ 64.85
5.
10Y bond
yield rose 8 bps for Spainish debt, 6 bps for German bunds
6.
Japan’s Meteorological Agency, first to project
an El Nino in 2015 will release its monthly forecast today.
7.
India releases April CPI data today; reading is
expected to be 4.9%. Inflation is expected to further ease from 5.17% for the
month of march. RBI in its Monetary policy review projects inflation to fall to
4% by August and firm upto 5.8% by year end. An outcome close to expectations
will be neutral for the markets and case for 25 bps rate cut will hold.
Comments
Post a Comment