The Securities and Exchange Board of India (Sebi) has just released a proposal to alter the regulations pertaining to the sponsor system for mutual funds. One of the reasons for the proposed changes is that there are two conflicting regulations that need to be clarified. The other reason is that the sponsor system may itself be outdated as it stands, and the proposed changes would allow new entities such as private equity funds and portfolio management services to enter this space.
Retail inflation fell to an 11-month low of 5.88 per cent in November, mainly due to softening prices of food items, official data showed on Monday. This is the first time in 11 months that the retail inflation print has come within RBI's tolerance band of 4 (+/- 2) per cent. The consumer price index (CPI) based retail inflation was 6.77 per cent in October 2022, and 4.91 per cent in November last year.
Gokhale on December 1 tweeted a news clipping about information purportedly obtained through the Right to Information claiming that Prime Minister Narendra Modi's visit to Morbi after the bridge collapse cost Rs 30 crore.
Stylish, celeb-inspired ways to wear colourful prints.
Simplicity is the greatest kind of style and Nikhat has mastered it.
How expensive was this 'picture of the century'?
In a tweet, TMC national spokesperson and Rajya Dabha MP Derek O'Brien detailed the circumstances under which the arrest was made.
India's services sector output growth touched a three-month high in November as business inflows rose markedly amid accommodative demand conditions, a monthly survey said on Monday. The seasonally adjusted S&P Global India Services PMI Business Activity Index rose from 55.1 in October to 56.4 in November, indicating a sharp increase in output that was the quickest in three months even amid higher operating expenses. Survey participants linked the latest expansion to demand strength, successful marketing and a sustained upturn in sales.
Can we take a moment to appreciate Khushi Kapoor's glorious fashion?
I spent almost all my life trying to figure out how anyone could express so many shades of human feeling in her voice, wonders Subhash K Jha.
The year 2022 saw the Reserve Bank of India (RBI) start acting on the policy repo rate after a gap of two years. The six-member monetary policy committee of the RBI reduced interest rate sharply - by 115 bps - when Covid-19 struck in 2020. In March 2020, days after the nationwide lockdown was announced, MPC in an unscheduled meeting reduced the repo rate by 75 bps, followed by another 40 bps in May. Status quo was maintained for the next two years since the May repo rate hike.
It could be part of a deliberate strategy to heal divisions within and restore the Pakistan army's image, explains Rana Banerji, who headed the Pakistan desk at RA&W.
The Congress leader said he sought to know whether the cooker blast was as big as the terrorist attack in Mumbai, Delhi or Kashmir.
One fabric, two looks. Let us know which is your favourite.
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