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Confederation of Indian Industry (CII) President R Dinesh has said that the Centre and states need to come together to pursue big-ticket reforms in labour and land sectors to accelerate growth. He said a survey by CII expects the Reserve Bank of India (RBI) to cut benchmark interest growth in the second quarter (July-September) of FY25. The RBI has been holding the repo rate at 6.5 per cent since February 2023.
He highlighted the importance of building a consensus across all states. Towards this, he said, CII has suggested, a structure which can make the Centre and the states work together to work on big-ticket reforms. A ‘GST-type federal structure’ can make the Centre and the states work together to work on big-ticket reforms. Elaborating on the capital expenditure by the private sector, he said while its percentage continues to be the same, and CII survey on capacity utilisation revealed all major sectors are estimated to have levels above 75 per cent.
He said ‘if you look at private capex spend I think it is important for us to understand that the percentage of private capex continues to be the same...we are between 36-37 per cent, so it is happening, it is not that it is not happening at all, the rate of growth of that capex may not be same as the rate of growth of government spending’. Emphasizing that the RBI has been ‘very correctly and nicely’ managing the balance between inflation and growth requirements of the country, he said, ‘as an industry body we did a survey where we saw that by Q2 of FY25 the expectation is that you will actually see a reduction in interest rates happening.’
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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