Money Federation

India’s capital market ecosystem is built upon a carefully layered institutional architecture designed to ensure systemic stability, transparent price discovery, investor protection, and settlement certainty. The framework consists of: Regulator Appellate Authority Stock Exchanges Clearing Corporations Depositories Intermediaries Stock Exchanges, Clearing Corporations & Depositories are collectively classified by SEBI as Market Infrastructure Institutions (MIIs). 1. … Read More “Structural Framework of the Indian Capital Market: Incorporation, Governance and Functional Role of Market Infrastructure Institutions” »

The global economic landscape in early 2026 is marked by heightened uncertainty, conflicting macroeconomic signals, and growing market fragility. After a period of extraordinary rallies across asset classes, investors are now witnessing sharp corrections in gold, silver, and major cryptocurrencies—assets traditionally viewed as hedges against inflation and financial instability. These declines are unfolding against a … Read More “Global Economy & Markets in Early 2026: Corrections, Caution, and Shifting Macro Forces” »

India’s fiscal deficit — the shortfall between the government’s total expenditure and its revenue (excluding borrowings) — remains a central metric of macroeconomic health and fiscal discipline. It reflects the extent to which public spending outstrips revenue, requiring financing through borrowing. A controlled fiscal deficit is important for sustainable economic growth, stable inflation, and manageable … Read More “India’s Fiscal Deficit: Current Status, Trends and Policy Implications” »

Fiscal Framework & Macroeconomics: Fiscal deficit target set at 4.3% of GDP for FY 2026–27, signalling continued fiscal consolidation while supporting growth. Estimates include non-debt receipts at ₹36.5 lakh crore and total expenditure around ₹53.5 lakh crore. Capital Expenditure & Infrastructure: Record capital expenditure of ₹12.2 lakh crore allocated for FY 2026–27 — ~8.8% higher … Read More “Union Budget 2026: Key Highlights and In-Depth Analysis” »

Indian financial markets witnessed heightened volatility in January 2026, as investors navigated a mix of global risk aversion, pre-Union Budget positioning, and profit booking after the strong rally seen in late 2025. Equity benchmarks corrected meaningfully during the month, precious metals found renewed support, crude oil remained range-bound, and the Indian rupee weakened modestly against … Read More “Market Report – January 2026” »

On January 22, 2026, India saw the release of its latest M3 Money Supply (year-on-year) data from the Reserve Bank of India (RBI). This broad measure of money circulating in the economy recorded a 12.1% annual increase, markedly higher than market expectations and the previous readings. (Investing.com) What Is M3 Money Supply? Money supply refers … Read More “India’s Money Supply (M3) — What the Latest Data Shows” »

Market Report – December 2025 The Indian financial markets ended the calendar year on a steady and confident note despite crosscurrents in the global markets, the markets held its ground. The equity standards converged to near record highs, precious metals were selective in buying and crude oil leveled off after several months of losings and … Read More “Market Report – December 2025” »