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SOURCES TO COGNCIS : BPCL Plans To Raise At Least Rs 1,000 Cr Via 10-Yr Bonds TATA MOTORS : Board To Mull Raising Up To Rs 5,000 Cr Via NCDs RAIL MIN OFFICIAL : Plan To Spend Rs 7,887 Cr Next FY To Procure Rail Coaches RAIL MIN OFFICIAL : Also Plan To Buy 801 Coaches From Integrated Coach Factory RAIL MIN OFFICIAL : Plan To Spend Rs 25,194 Cr FY18 To Buy Locomotives, Coach,Track Layers

India’s Currency Crisis & Gold Greed

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Overnight the Fed Chief indicated that there could be a withdrawal of QE by next year, which sent jitters across equities and currencies across the globe. Bloomberg TV India tries to unravel why the government is not taking harsher steps to clam down on the greed for gold which is causing havoc to the economy and balance of payments. Also, in a special investigation, it is found that rules laid down for transaction in gold are being flouted across the board.