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SEBI proposes ways for deregistered offshore funds to dispose of securities

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SEBI proposes ways for deregistered offshore funds to dispose of securities

Securities and Exchange Board of India (SEBI) in Mumbai. File | Photo Credit: REUTERS Markets regulator SEBI proposed on Wednesday ways in which offshore funds whose India licences have expired can dispose of securities they hold, according to a discussion paper issued on the regulator’s website. A discussion paper is the first step taken by…

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Parliament Budget Session Live Updates Day 7: PM Modi hails Manmohan Singh’s contribution towards country, Rajya Sabha in farewell to retiring members

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Parliament Budget Session Live Updates Day 7: PM Modi hails Manmohan Singh’s contribution towards country, Rajya Sabha in farewell to retiring members

Elamaram Kareem, CPI (M) MP from Kerala, says that there is no mention of the 60-crore workforce of India in the Bill. Only with Ayodhya, they cannot overcome the next election, he says.  AITC MP Jawhar Sircar asks the government what is the GDP growth now. We get the impression that it is at its…

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Business

Panchayats in India earn only 1% of their revenue through taxes | Data

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Panchayats in India earn only 1% of their revenue through taxes | Data

Panchayat leaders protesting excessive interference from State and Central governments in Chennai | Photo Credit: B. Jothi Ramalingam Only 1% of the revenue of panchayats was earned by them, with the rest being raised as grants from the State and the Centre, show data. Specifically, 80% of the revenue was from Central government grants; only…

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Business

World breached 1.5° Celsius limit for entire year for first time: European climate agency

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World breached 1.5° Celsius limit for entire year for first time: European climate agency

Scientists attribute the exceptional warming to the combined effects of El Niño. File photo | Photo Credit: AP The world last month experienced the warmest January on record, with the global mean temperature for the past 12 months exceeding the 1.5° Celsius threshold, according to the European climate agency. However, this does not imply a…

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Science

Argentina’s President weighs next steps after economic reform bill setback

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Argentina’s President weighs next steps after economic reform bill setback

Argentina’s President Javier Milei | Photo Credit: Reuters The government of Argentine President Javier Milei was seeking to salvage his wide-ranging economic reform package after Congress delivered a major blow a day earlier, casting doubt over its future and triggering a fall in financial markets. Lower house lawmakers rejected several crucial proposals in the bill,…

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RRI researchers develop new algorithm which can produce better images to study ultracold atoms

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RRI researchers develop new algorithm which can produce better images to study ultracold atoms

View of Raman Research Institute in Bengaluru. | Photo Credit: Sudhakara Jain A research group at the Raman Research Institute (RRI) have designed a new image-correction technique capable of getting better images during the study of cold atoms or atoms at absolute zero temperature.   The technique can get rid of 50% unwanted interference fringes…

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Science

India-China bilateral trade hit a new record in 2023: Envoy

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India-China bilateral trade hit a new record in 2023: Envoy

Ma Jia, Chargé d’Affaires a.i. of Chinese Embassy in India  India and China trade reached record levels in 2023, said the Chinese envoy to India, indicating that bilateral trade had surpassed 2022 figures despite a slowdown mid-year. Speaking at an event in Delhi celebrating the Chinese New Year, the envoy, Charge D’Affaires Ma Jia said…

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Business

Food inflation may have lost some bite in January

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Food inflation may have lost some bite in January

Easing food prices may help cool India’s consumer price inflation (CPI) in January from the four-month high of 5.7% recorded in December, price trends for food plates and essential commodities for the last month indicate. Food inflation had hit 9.5% in December, with urban consumers facing a higher 10.4% uptick in prices. Bank of Baroda…

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India plans to protest EU’s carbon tax at WTO meeting: sources

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India plans to protest EU’s carbon tax at WTO meeting: sources

India plans to protest the European Union’s proposed carbon tax at the next WTO meeting. File | Photo Credit: Reuters India plans to protest the European Union’s proposed carbon tax on imports of steel, iron ore and cement at the next meeting of World Trade Organization (WTO) later this month, saying it would emerge as…

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With China’s help, Maldives plans to lower dependence on India in tourism, trade and healthcare: Data

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With China’s help, Maldives plans to lower dependence on India in tourism, trade and healthcare: Data

Maldives tourism hit: Controversial tweets by Maldives ministers against PM Modi sparked a call by some Indians on social media to boycott the Maldives | Photo Credit: AFP In January, controversial tweets by deputy ministers of the Maldives on Indian Prime Minister Narendra Modi’s visit to Lakshadweep led to a diplomatic row between the two…

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