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Country's external debt at end-March was up 6.6% India's total external debt at end-March this year was $475.8 billion, up 6.6 per cent from the corresponding period a year earlier. This was driven mostly by an increase in external commercial borrowing (ECB) and non-resident Indians' deposits, showed data issued by the government on Friday. As a percentage of gross domestic product, external debt was 23.8 per cent at end-March from 23.6 per cent as on March 2014. Long-term debt was $391.1 bn, a rise of 10.3 per cent over March 2014. It was 82.2 per cent of the total external debt, as compared to 79.5 per cent at end-March 2014. Short-term external debt was $84.7 bn, less by 7.6 per cent over the $91.7 bn at end-March 2014, and 17.8 per cent of the total external debt from 20.5 per cent in March 2014. The share of government (sovereign) debt in total external debt was 18.9 per cent at end-March this year. "A cross-country comparison based on Internatio

Government today fixed the floor price for selling its 10 per cent stake in Indian Oil Corp (IOC) at Rs 387 a share -- about 2 per cent below last closing -- which is likely to fetch Rs 9,302 crore to the exchequer. The government, which holds 68.6 per cent interest in IOC, will sell 24.28 crore equity shares through an offer for sale (OFC) on Monday. "... the floor price for the sale in terms of the Sebi OFS Circular shall be Rs 387 per equity share of IOC," the government said in a regulatory filing. The price fixed is 1.8 per cent lower than Friday closing of Rs 394.45 per IOC share on BSE. At the floor price, the government, after considering 5 per cent discount being offered to retail shareholders, will garner about Rs 9,302.21 crore. IOC's share sale will be the fourth disinvestment this fiscal, but the biggest so far in 2015-16. The earlier three stake sales have raised about Rs 3,300 crore. The IOC stake sale will, however, dwarf in front of R

Mutual Fund exposure to software stocks hits all-time high in July Mutual Fund managers seem to be bullish on software shares as they raised their allocation in the sector to an all time-high of over Rs 38,000 crore in July due to depreciation in rupee. In comparison, equity fund managers deployment in software stocks stood at Rs 27,596 crore in July last year. Industry experts said that fund managers raised their allocation to software stocks due to declining rupee against the US dollar. Like exporters, IT companies earn majority of their revenue in dollars. Depreciating rupee means exporters get more rupee per US dollar. Source :Daily News & Analysis Sent from BlackBerry® on Airtel

A rare conversation between Ramkrishna Paramahansa & Swami Vivekananda READ IT LOUD TO FAMILY, it's one of the best message I have come across.... 1. Swami Vivekanand:- I can't find free time. Life has become hectic. Ramkrishna Paramahansa:- Activity gets you busy. But productivity gets you free. 2. Swami Vivekanand:- Why has life become complicated now? Ramkrishna Paramahansa:- Stop analyzing life.. It makes it complicated. Just live it. 3. Swami Vivekanand:- Why are we then constantly unhappy? Ramkrishna Paramahansa:- Worrying has become your habit. That's why you are not happy. 4. Swami Vivekanand:- Why do good people always suffer? Ramkrishna Paramahansa:- Diamond cannot be polished without friction. Gold cannot be purified without fire. Good people go through trials, but don't suffer. With that experience their life becomes better, not bitter. 5. Swami Vivekanand:- You mean to say such experience is useful? Ramkrishna Paramahansa:- Yes. In every term, Exp