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Domestic equity indices look set to see a gap-down start, tracking weakness across Asian markets amid concerns over rising cases of Covid’s Delta variant. All eyes will be on the listing of GR Infra and Clean Science. Investors may also react to HDFC Bank s Q1 results and await quarterly earnings from HCL Tech and ACC, scheduled for today. Here s breaking down the pre-market actions:
STATE OF THE MARKETS
Nifty futures on Singapore Exchange traded 238 points, or 1.49 per cent, lower at 15,698.50, signaling that Dalal Street was headed for a negative start on Monday.
Tech View: Nifty50 on Friday hit an all-time high of 15,962 but settled flat. Analysts took heart in the fact that the index managed to stay above the 15,900 level.
PFRDA, government in talks to tweak law to cover retirement funds
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Synopsis
The government and the Pension Fund Regulatory & Development Authority (PFRDA) are discussing amendments to the law to ensure the regulation of a large number of superannuation funds that currently escape the required scrutiny.
Agencies
Under the proposed regulatory framework, the funds will need to be registered with PFRDA, which will supervise their investment and conduct periodic checks on whether the regulations are being followed or not.
(This story originally appeared in on Jul 19, 2021)The government and the Pension Fund Regulatory & Development Authority (PFRDA) are discussing amendments to the law to ensure the regulation of a large number of superannuation funds that currently escape the required scrutiny.
India Business News: NEW DELHI: The pension regulator is in talks with the government for an overhaul of the National Pension System (NPS) including changes to the tax r.