The government should restart the Insolvency and Bankruptcy Code (IBC) process, suspended since March 25, 2020, to revive the economy. Simply extending the moratorium will only add to the stress in the system, without bringing.
Mining Acquires An Emerald Sheen March 12, 2021, 10:01 AM IST
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
A recent Economic Times ‘Live’ CEO Breakfast Series cast a hopeful light on the mining and metals corner of the economy normally associated with grime, age-old techniques and work practices, and carbon emissions. It turns out, mining companies could be among the early movers in the bold new hydrogen economy.
And, innovation in mining is not just confined to green fuels. Advanced analytics, automated mining platforms, robotics and electric earthmovers and other vehicles are, increasingly, par for the course in the Indian mining industry.
Withdraw This Valuation Directive
Quick takes, analyses and macro-level views on all contemporary economic, financial and political events.
The Securities and Exchange Board of India’s (Sebi) directive that mutual funds value perpetual bonds with special characteristics as if they would be redeemed in 100 years is disruptive and should be withdrawn. The present value of a bond’s maturity value 100 years from now would be a fraction of the value imputed on the assumption that the bond, which comes with call and put options, would be called by the issuer in the foreseeable future.
The Sebi directive would force mutual funds to book losses, once it kicks in from the beginning of April. Investors would seek to redeem their units and the funds, to dump the bonds, causing a major slump in unit values for no adverse development in a recovering economy.
Should Sebi allow special purpose acquisition companies (Spacs) to be set up in India, in addition to the Innovators’ Growth Platform it already has in place and proposes to refine, to help startups go public.
The leaders’ summit of Quadrilateral Security Dialogue, or Quad, on Friday, the first since Joe Biden took office, reiterates the importance of the Indo-Pacific region. The Quad, an informal strategic forum for the US, Australia,.