Public sector banks, especially those in dire need of fresh capital, would be the most obvious candidate to issue Additional Tier 1 (AT 1) bonds in the absence of a clear commitment from the government to infuse funds. Indeed, public sector banks mopped up a massive Rs25,000 crore from the bond market by issuing hybrid tier-I bonds, according to rating agency Icra Ltd.

Falling bond yields have motivated banks to mop-up capital aggressively. Private sector lenders accounted for Rs5,500 crore worth of issuances during the same period. Icra estimates that given the rising need for capital as Basel-III kicks in, these bonds will continue to be in favour if yields remain soft.

India sees maximum influx of expats vs Asian peers

India has the highest proportion of expats on an international assignment as compared to other countries in the Asia-Pacific region, showed the latest Expat Explorer Survey from HSBC. The average annual expat income in India is $145,057, which is much higher that the global average of $97,419. Not only do they earn more but are also able to save more here than in other regions.

Apart from that, India is a popular destination for expat entrepreneurs too and draws more expat entrepreneurs than countries in the Middle East. “More than one in 10 (11%) expats in the country moved here to set up a business, more than twice the average of 5% across Asia-Pacific," the report added.

Global clean energy investments down in 2016

New investment in clean energy worldwide fell 18% last year to $287.5 billion, Bloomberg New Energy Finance (BNEF) said in a blog. The fall reflects the reduction in equipment prices and capacity addition slowdown in China and Japan. Investment in China is down 26% from an all-time high in 2015. In Japan, it fell 43%.

According to Justin Wu, head of Asia at BNEF, China and Japan are cutting back on building new large-scale projects and focusing on digesting the capacity they already installed. Capacity additions, on the other hand, showed mixed trends.

Estimates are that a record 70 gigawatts (GW) of solar capacity were added last year, up from 56GW in 2015. Wind sector is estimated to have seen capacity addition of 56.5GW, down from 63GW a year ago.