Fresh violence broke out Thursday after two civilians were killed during two separate anti-militancy operations by security forces. One-year commercial paper has risen by 80 basis points to 9.
Village administration elections were last held in while civic body town elections were held in Then please consider donating today to ensure that Eurasia Review can continue to be able to provide similar content. Authorities beefed up security across the disputed region and barred Friday prayers at the Grand Mosque in Srinagar to prevent anti-India protests.
The parties asked the federal government to state its stand on the sensitive issue and take effective steps to protect it. The company has also defaulted on its debt obligations, roiling Indian markets and sparking worries of a credit crunch in the shadow financing sector.
While India posted robust 8. By BenarNews By Peerzada Mohammad Amin Shops and businesses remained closed Friday in Indian Kashmir after separatists ordered a shutdown to protest the recent killing of five people, including three militants, days ahead of scheduled local elections.
The state authorities last week said additional paramilitary forces would be deployed and announced an incentive of one month additional salary to employees performing election duties.
Dozens of anti-India protesters were injured in clashes with security forces following the killings. Bond dealers expect the liquidity deficit - the extent to which banks need to borrow from the central bank to fund their own lending - to rise to as much as 3 trillion rupees by March from 1.
Special police officers have been asked to resign their posts or face consequences, according to police sources who did not want to be identified. Posters released by Hizbul Mujihideen HMthe largest rebel group in the region, warned candidates in north Kashmir to desist from voting when polls open for elections on Oct.
There are already signs that financing is suffering, and that could hit capital spending.
Militants fighting against Indian rule in the region claimed by both India and Pakistan are opposed to the elections and have warned people to not participate. Special police are not employed by the force but are brought in to aid in anti-terror operations.
Unprecedented security arrangements have been made, officials said. A fall in economic growth would be a blow to Prime Minister Narendra Modi and the ruling Bharatiya Janata Party, which is already under pressure from protests over rising fuel costs, as they prepare for key state elections in late and a national election due to be held by next May.
To contain ripple effects and ensure financial stability, the RBI may have to open a separate lending window for mutual funds through banks to ease any cash pressures, according to a finance ministry official. While the civic elections will be early next month, the village administration polls will be held in nine phases between Nov.
Previous elections could not be held because of violence plaguing Kashmir. In comparison, bank loans grew While the RBI assured markets on Thursday of providing durable liquidity, traders were concerned over the extent to which the liquidity deficit could go up to unless the central bank conducted frequent open market bond purchases.
Ravideep Sahi told BenarNews. As authorities struggled to maintain order, unidentified men torched at least eight village administration houses, mostly in militancy-infested southern Kashmir in the past 10 days, officials said.
At least candidates filed their nomination petitions as of Friday, the last day to submit such paperwork, election officials said. Such rapid growth for the shadow banking sector is fraught with risk, say analysts, especially as many have raised funds via short-term commercial paper that needs to be rolled over.
According to a Credit Suisse note on Monday, 41 percent of borrowings of NBFCs are maturing in the next six months and "any liquidity pressures will only add to the refinancing risk of these instruments. An outbreak of insurgency on the Indian side has claimed more than 70, lives since the late s.
The RBI has raised its policy rate by 50 basis points this year to 6. Officials are concerned because militants have threatened acid attacks on candidates who take part in the elections, terming the vote a ploy by India to mislead the world community.
Higher rates and more risk-aversion among finance companies - especially when combined with rising fuel prices - could also undermine consumer spending with items such as gold jewellery already being hit in the second quarter.
Separatists were detained in their homes to prevent them from leading protests, officials said.Watch breaking news videos, viral videos and original video clips on ultimedescente.comDownload