At the same time, investors are bracing for the US Federal Reserve to raise interest rates by the end of the year, most likely in December.569. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0. The index stood at 97.4 per cent while Japan's Nikkei futures JNMcm1 slipped 0.1049 and last stood at .1061 while the offshore Chinese yuan traded at 6.7 per cent.4 per cent and diagnostics test maker Illumina plummeted 24. But given that Brexit will remain a major theme for the markets, its likely to be capped," said Shinichiro Kadota, chief currency strategist at Barclays Securities Japan.2 per cent to near one-month low, and dipped below its 100-day moving average - seen as a major support - for the first time since June. You have rising interest rates and falling EPS."The markets had relied on expectations of monetary stimulus for a long time but that is changing with bond yields rising around the world."The pound is being bought back after its big falls.42 to the dollar.Some market players suspected sterling benefited from a report by Bloomberg that British Prime Minister Theresa May has accepted that Parliament should be allowed to vote on her plan for taking Britain out of the European Union.

Market participants are also increasingly eyeing politics as the November 8 US elections draw near.Brent crude futures LCOc1 traded at .758 on Tuesday, climbing above its July peak of 97.The specter of rising US interest rates helped to lift the dollar's index against a basket of six major currencies to its highest level in seven months..3 per cent in thin early Asian trade to .49 per barrel, off Monday's high of .On Wall Street, US S&P 500 Index fell 1.2275, after having fallen nearly five percent in the previous four sessions.511, after having risen to as high as 97.MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.Oil prices retreated from one-year highs, after OPEC said it was trying to reach a global agreement to cap production for at least six months amid doubts about how much that would reduce a crude glut.4 per cent while Japan's Nikkei futures JNMcm1 slipped 0.8 per cent following their disappointing earnings, casting a pall over the market.Shares of aluminum producer Alcoa tumbled 11.781 per cent, its highest level since early June.

The yen was little changed at 103.7 per cent.73.The British pound jumped back from lows in a volatile trading session though concerns about a "hard Brexit" are likely to keep the currency parallel twin screw barrel under pressure.The euro hit a two-month low of .The 10-year US Treasuries yield rose to 1. That's obviously bad for stocks," said Norihiro Fujito, senior investment strategist at Mitsubishi UFJ Morgan Stanley Securities.7290 yuan to the dollar, near its lowest since January.The British pound jumped 1. Tokyo: Asian shares flirted with three-week lows on Wednesday after a dour start to Wall Street's corporate earnings season knocked US stocks, while the dollar and Treasury yields rose on growing expectations of a US rate hike in December. US interest rate futures are pricing in about 75 per cent chance of a rate hike by December, little changed over the past couple of days. The turmoil enveloping Republicans and the party's presidential candidate Donald Trump is prompting some speculation that a victory by Democrat Hillary Clinton could be accompanied by big gains for her party in Congress, investors said

New Delhi: Consumers may have to wait for another month before there is any moderation in the retail price of petrol and diesel that reached new highs in the past few days in the wake of the rise in global oil prices and a sharp depreciation of the rupee..India imports 83 per cent of its oil requirements and any spike means higher imp­ort bill and higher domestic prices. This would make life miserable for the common man as petrol and diesel prices could cross Rs 100 a litre in the absence of any government support,” said an oil sector analyst asking not to be named.Compared to states, the Ce­ntre’s excise collection fr­om petroleum sector has actually fallen marginally in FY18 to Rs 2,29,019 crore in FY17 from Rs 2,42,691 cr­ore. The important issue is to prevent any further inc­r­ease in diesel prices that co­uld fuel inflationary pressu­re and put pressure on gr­o­wth prospects of the economy,” said B K Chaturvedi, ex-cabinet and oil secretary. With US sanctions on Ir­an bec­oming effective fr­om November, the fear is th­at crude could rise further.

Sources in the government said that though the Centre has ruled out any immediate cut in excise duty on petroleum products, it may re-examine the situation next month and could consider changes if oil prices remain over a barrel for most part of September and state governments come on board to reduce VAT rates. However, this cut came after the government had raised duty on nine occasions between November 2014 and January 2016 taking advantage of falling oil prices then.In addition, state-owned oil marketing companies have also been told to reduce the frequency of daily price increases and absorb some losses till crude prices moderate. Excise duty cut would be the last option and if it happens, it would be at moderate levels of Rs 2 per litre, said the sources. If oil cartel OPEC refuses to pump in an extra 1. There is no reason why the government’s reliance on China Complete set of Conical Twin Barrel Screws Suppliers oil sector for taxes should reduce even now," **********t Parikh, chairm­an, Integrated Research and Action for Development (IRADe) and former member of planning commission. But immediately, states should agree to cut VAT rate on petrol and diesel by 5-6 per cent along with some cut in excise rate by the centre. The others would definitely follow.

“The situation in the global oil market could turn worse from November when substantial production from *** could vanish from markets in the wake of US sanctions.Sources said that as part of the exercise to tame petrol and diesel prices, the centre is nudging states to cut VAT rate on the two products.The economy is growing by over 8 per cent and tax revenues are going up.The benchmark Brent has already re­ached a barrel, while ru­pee depreciated further on Tuesday to close at a re­cord low of Rs 71. It could rise further if crude oil and product prices move up in international markets.According to the oil ministry’s Petroleum Planning and Analysis cell, VAT and sales tax on petroleum products have increa­s­ed states’ kitty by Rs 1,84,091 crore in FY18 from Rs 1,66,378 in FY17.58 per dollar.“Duty cut has become im­minent now if the government is serious about protecting the common man fr­om price rises.Even last year, the centre reduced excise duty on the petrol and diesel by Rs 2 per litre in October. In fact, the ad valor­em duty on petroleum products have consistently incre­a­sed state’s tax collections at the غير مجاز مي باشدt of consumers who have to bear with higher pri­ces of petrol and diesel. But it has more than do­u­bled from Rs 99,184 crore in FY15 due to nine increases in duty rates. The average VAT rate is over 30 per cent and states have actually made a killing during the current run of retail price rise for petrol and diesel as it has increased their tax kitty substantially.5 million barrels of oil per day, crude prices could hit 0 a barrel.34 a litre in Delhi, respectively. Petrol and diesel rates reached fresh highs on Tuesday commanding a pr­ice of Rs 79. The Centre should ensure that the stat­es where the government is being run by the ruling party takes up the responsibility of reducing value-added tax (VAT) rates first.31 and Rs 71.“It is time the government thinks of bringing petroleum products under the GST regime to reduce high levels volatility

Loan EMIs may increase if the banks decide to pass on the hike.The guidelines accord first priority for utilisation of available land parcels of public sector enterprises under closure for affordable housing as per the relevant guidelines of ministry of housing and urban affairs. Since then, the RBI has slashed rates on six occasions. The repo rate is the rate at which the RBI lends short-term money to banks.“The resulting pick-up in the momentum of inflation excluding food, fuel and HRA has imparted persistence into higher CPI (Consumer Price Inded) projections for 2018-19,” RBI said in the policy.Offering relief to affordable home buyers, the RBI raised the loan limits under priority sector lending (PSL), the government deciding to use surplus land of sick PSUs for construction of such dwelling units.President Ram Nath Kovind also gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, that provides significant relief to home buyers by recognising their status as financial creditors while dealing with errant builder.

While hiking the repo rate, the six-member monetary policy committee (MPC) unanimously retained its growth projection for FY19 at 7.Mumbai: Home, auto and personal loans may get غير مجاز مي باشدtlier as the Reserve Bank of India (RBI) on Wednesday hiked the policy repo rate by 25 basis points to 6.Amid fears of possible increase in home loan EMIs, there was some good news for the small or affordable home buyers as the RBI increased the housing loan limits for them and the government decided to use surplus land of sick PSUs for construction of affordable houses. The central bank has also increased the reverse repo rate — the rate at which the RBI borrows from commercial banks — to 6 per cent from 5. Loans given under PSL are less expansive than those provide by the banks in their ordinary course.“This would give them due representation in the committee of creditors and make them an integral part of the decision-making process,” a release said.4 per cent but revised upwards its inflation forecast due to steep rise in global crude oil prices.

This is the first increase in interest rate since January 2014.Home buyers would be able to invoke Section 7 of the IBC against errant developers.In a statement, the RBI said that it has been decided to revise the housing loan limits for PSL eligibility from `28 lakh to `35 lakh in metropolitan centres and from `20 lakh to `25 lakh in other centres..“Crude oil prices have been volatile recently and this imparts considerable uncertainty to the inflation outlook — both on the upside and the downside,” it said.Since its last policy meeting in early April, the MPC noted that the price of Indian basket of crude has surged from per barrel to per barrel. The move also comes at a time when many home buyers are facing hardships on account of delayed and incomplete real estate projects.25 per cent for the first time in last four years to curb rising inflationary pressures.Mr Kovind gave his assent to promulgate the Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018, that provides significant relief to home buyers by recognising their status as financial creditors.Earlier in the day, the Union Cabinet approved revised guidelines on time-bound closure of sick and loss making central public sector enterprises and disposal of their movable and immovable assets. In another development, President Ram Nath Kovind promulgated an ordinance recognising home-buyers as financial creditors, thus giving them greater say in insolvency of defaulting builders.After the hike, financial market participants said the latest RBI move is the beginning of a rate hike cycle and they expect another 25 basis point hike by the end of this year.75 per cent. Section 7 allows financial creditors to file application seeking insolvency resolution process. This along with an increase in other global commodity China Twin Screw suppliers prices and recent global financial market developments has resulted in firming up of input غير مجاز مي باشدt pressures