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personal loans are unsecured loans. This means that the loan is not backed by any asset.

Does China face a lost decade? (Sep 10th) Argentina needs to default, not dollarise (Sep 7th) How will politicians escape enormous public debts? (Aug 31st) For more expert analysis of the biggest stories in economics, finance and markets, sign up to Money Talks, our weekly subscriber-only newsletter. © 2023, The Economist Newspaper Limited. All rights reserved. From The Economist, published under licence. The original content can be found on www.economist.com

Issuing index-linked gilts was also said to ‘underline the government’s stated commitment to low and stable inflation, reducing investors’ perception of inflation risk and hence the yields they seek on nominal gilts’.

fires continue to burn bright in the neighbouring states when famers set fire to the crop stubble. Add to this the pollution caused by bursting of firecrackers and the air quality gushes into the hazardous category. And you then see a steady line of people flocking to hospitals due to breathing problems.

By Ceyda Caglayan

Sales of previously occupied U.S. homes slumped in October to their slowest pace in more than 13 years, as surging mortgage rates and rising prices kept many prospective homebuyers on the sidelines

AMC Repo Clearing is in talks with the Securities and Exchange Board of India (Sebi) to find ways to bring down operational costs related to taxation rules and the role of intermediaries on the tri-party repo platform, which the government is banking on to deepen the corporate bond market. The clearing house, promoted by asset management companies and inaugurated by finance minister Nirmala Sitharaman in July, is discussing matters related to recent taxation changes for corporate bonds as well as regulatory guidelines related to entering tri-party repos and the costs associated with it, two market sources aware of the development told ET. «They (AMC Repo) are trying to bring down that cost to attract more participants following feedback from the market. One of the discussion points with Sebi is to do with the step announced in the budget regarding TDS (tax deductible at source) on corporate bonds,» one of the sources said. «Given the nature of a tri-party repo, there are complications arising from the move — if the TDS is deducted in the name of the AMC Repo, how is that transferred back? Moreover, there are issues surrounding the eligibility of the securities at the time of coupon payments,» the source said. A tri-party repo is a type of contract that includes a third party which acts as an intermediary between two entities — one lending against a security and the other borrowing with a commitment to repurchase (repo) the security at a later date.

Rising costs of acquisitions, higher salaries for employees, and competitive recruiting bonuses for financial advisors, along with the record spike in interest rates, are making it more costly to run large wealth management enterprises.

₹10.64 trillion, more than double the original estimate, with costs averaging ₹31.6 crore per km, primarily due to an increase in input prices and land acquisition cost, rating agency Icra Ltd. said in a report on Monday. With the revised expense plan for Bharatmala Phase-I awaiting the approval of the Union cabinet, there has been marked slowdown in the awarding of new projects.

bond market after the banking regulator Thursday assigned higher risk weights to unsecured advances, potentially increasing debt supply by pushing these borrowers to sell corporate bonds while making it more expensive for banks to lend to this credit subsegment. Corporate bond yields, therefore, are set to head north as a large section of non-banking finance companies (NBFCs), hitherto relying on bank funding, increase debt supply to garner incremental capital, prompting investors to demand higher rates of interest. «There could be some widening in terms of credit spreads for NBFCs.

By Pete Schroeder

coal ministry aims a 14% reduction in rail logistics cost through railway network optimization for coal logistics, the government said Friday, a day after the 60th meeting of the Network Planning Group (NPG). “The meeting focused on discussions on Sectoral Plan for efficient Logistics (SPEL)by individual line ministries/departments,” the commerce and industry ministry said in a statement. This initiative, among the various initiatives proposed under the Comprehensive Logistics Action Plan (CLAP) of National Logistics Policy (NLP), was proposed to ensure that a focused approach is taken in addressing logistics-related requirements at the individual sector level. The ministries of steel and coal presented their plans to address logistics issues pertaining to infrastructure, processes, digital improvements, policies and regulatory reforms, and capacity building for a better workforce. Steel ministry outlined their SPEL approach, encompassing in-depth supply and demand analysis for iron ore and steel, forecasted requirements up to 2030-31 and beyond, and strategic planning for future readiness in logistics.

SHANGHAI/BEIJING (Reuters) — China's central bank asked some lenders to cap interest rates on an interbank debt instrument this month, people with knowledge of the matter said on Friday, referring to the rising short-term yields on bank debt and strains in funding markets.

Indraprastha Gas Ltd(IGL) have seen their stock price dip to 52-week lows in November. Gujarat Gas Ltd facing competition and volume pressure in its industrial segment also has seen its stock price see upside under check. Nevertheless all these companies have reported decent September quarter performances.

By Howard Schneider

By Carolyn Cohn and Jonathan Saul

Corporate America is grappling with persistent inflationary pressures and rising labor costs, a trend that echoes the challenges faced in early 2021. A recent Bloomberg Intelligence study, which analyzed earnings call transcripts, has highlighted the increasing frustration among businesses over these economic hurdles. Despite the Federal Reserve's efforts to curb inflation through interest rate hikes, companies are still struggling with the impact of higher prices and wages.

Amazon is taking another step toward becoming a regular health care source for customers with the launch of a service centered on virtual care

Nextdoor is laying off 25% of its full-time staff as the neighborhood-focused social network company cuts costs with its losses widening

The Globe and Mail said in its report. The thousand-dollar contract involved discussion on how Canadians’ tax dollars can be used efficiently and invested in the priorities "that matter most to them".