The sedition debate

Thoroughly overhauling Section 124-A is good, but repealing it is much better

from The Hindu - Editorial https://ift.tt/2wze7To
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Submerging markets: on falling rupee value

The increasing demand for the U.S. dollar is shaking currency markets across the globe

from The Hindu - Editorial https://ift.tt/2opSv8f
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Auction for Sale (Re-issue) of Government Stock (GS)

Government of India Ministry of Finance Department of Economic Affairs Budget Division New Delhi, dated August 31, 2018 NOTIFICATION Auction for Sale (Re-issue) of Government Stock (GS) F.No.4(6)W&M/2018: Government of India(GoI) hereby notifies sale (re-issue) of the following Government Stocks: Name of the Security Date of Original Issue Tenure (yy-mm-dd) Date of Maturity Base Method Notified Amount (in Rs Crore) 7.37% GS 2023 Apr 16, 2018 05-00-00 Apr 16, 2023 Price Multiple 2,000 7.17% GS 2028 Jan 08, 2018 10-00-00 Jan 08, 2028 Price Multiple 4,000 7.40% GS 2035 Sep 09, 2005 30-00-00 Sep 09, 2035 Price Multiple 3,000 8.13% GS 2045 Jun 22, 2015 30-00-00 Jun 22, 2045 Price Multiple 3,000 Subject to the limit of Rs 12000 Cr, being total notified amount, GoI will have the option to retain additional subscription up to Rs 1000 Cr each against any one or more of the above securities. The sale will be subject to the terms and conditions spelt out in this notification (called ‘Specific Notification’). The Stock will be sold through Reserve Bank of India, Mumbai Office, Fort, Mumbai- 400 001 as per the terms and conditions specified in the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018 issued by Government of India. Allotment to Non-competitive Bidders 2. The Government Stock up to 5% of the notified amount of the sale will be allotted to eligible individuals and institutions as per the enclosed Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities (Annex). Place and date of auction 3. The auction will be conducted by Reserve Bank of India, Mumbai Office, Fort, Mumbai -400 001 on September 07, 2018. Bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on September 07, 2018. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. When Issued Trading 4. The Stock will be eligible for “When Issued” trading in accordance with the guidelines issued by the Reserve Bank of India. Date of issue and payment for the stock 5. The result of the auction shall be displayed by the Reserve Bank of India at its Fort, Mumbai Office on September 07, 2018. The payment by successful bidders will be on September 10, 2018 i.e. the date of re-issue. The payment for the stocks will include accrued interest on the nominal value of the Stock allotted in the auction from the date of original issue / last coupon payment date to the date upto which accrued interest is due as mentioned in the table in para 6. Payment of Interest and Re-payment of Stock 6. Interest will accrue on the nominal value of the Stock from the date of original issue / last coupon payment and will be paid half yearly. The Stock will be repaid at par on date of maturity. Name of the Security Coupon rate (%) Date of Last Coupon payment Date upto which accrued interest is due Date of Coupon payments (month / date) 7.37% GS 2023 7.37 New Stock September 09, 2018 Oct 16 and Apr 16 7.17% GS 2028 7.17 Jul 08, 2018 September 09, 2018 Jan 08 and Jul 08 7.40% GS 2035 7.40 Sept. 09, 2018 September 09, 2018 Mar 09 and Sep 09 8.13% GS 2045 8.13 Jun 22, 2018 September 09, 2018 Dec 22 and Jun 22 By Order of the President of India (Arvind Shrivastava) Joint Secretary to the Government of India

from NOTIFICATIONS FROM RBI https://ift.tt/2Po21nD
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Auction of Government of India Dated Securities

RBI/2018-19/45 Ref.No.IDMD/507/08.02.032/2018-19 August 31, 2018 All Scheduled Commercial Banks All State Co-operative Banks/All Scheduled Primary (Urban) Co-operative Banks /All Financial Institutions/ All Primary Dealers. Dear Sir/Madam, Auction of Government of India Dated Securities Government of India has offered to sell (re-issue) four dated securities for a notified amount of ₹12,000 crore as per the following details: Sr No Security Notified Amount (in ₹ crore) GoI Notification Auction Date Settlement date 1 7.37% GS 2023 2,000 F.No.4(6) W&M/2018 dated Aug 31, 2018 Sep 7, 2018 (Friday) Sep 10, 2018 (Monday) 2 7.17% GS 2028 4,000 3 7.40% GS 2035 3,000 4 8.13% GS 2045 3,000   Total 12,000       Subject to the limit of ₹12000 Cr being total notified amount, GoI will have the option to retain additional subscription up to ₹1000 Cr each against any one or more of the above securities. The auction for securities will be price based using multiple price method. The Reserve Bank of India at Mumbai will conduct the auctions. The salient features of the auctions and the terms and conditions governing the issue of the Stocks are given in the notifications (copies enclosed), which should be read along with the General Notification F.No.4(2)–W&M/2018, dated March 27, 2018 issued by Government of India. 2. We wish to draw your attention, in particular, to the following: (i) The Stocks will be issued for a minimum amount of ₹10,000/- (nominal) and in multiples of ₹10,000/- thereafter. (ii) In all the auctions, Government Stock up to 5% of the notified amount of sale will be allotted to the eligible individuals and institutions under the Scheme for Non-competitive Bidding Facility in the Auctions of Government Securities. Each bank or PD on the basis of firm orders received from their constituents will submit a single consolidated non-competitive bid on behalf of all its constituents in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. Allotment under the non-competitive segment to the bank or PD will be at the weighted average rate of yield/price that will emerge in the auction on the basis of the competitive bidding. (iii) Both competitive and non-competitive bids for the auction should be submitted in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system on Sep 7, 2018. Bids in physical form will not be accepted except in extraordinary circumstances. The non-competitive bids should be submitted between 10.30 a.m. and 11.30 a.m. and the competitive bids should be submitted between 10.30 a.m. and 12.00 noon. (iv) An investor can submit more than one competitive bid at different prices in electronic format on the Reserve Bank of India Core Banking Solution (E-Kuber) system. However, the aggregate amount of bids submitted by a person in an auction should not exceed the notified amount of auction. (v) On the basis of bids received, the Reserve Bank will determine the minimum price up to which tenders for purchase of Government Stock will be accepted at the auctions. Bids quoted at rates lower than the minimum price determined by the Reserve Bank of India will be rejected. Reserve Bank of India will have the full discretion to accept or reject any or all bids either wholly or partially without assigning any reason. (vi) The result of the auctions will be announced on Sep 7, 2018 (Friday) and payment by successful bidders will be on Sep 10, 2018 (Monday). (vii) The Government Stocks will be issued by credit to Subsidiary General Ledger Account (SGL) of parties maintaining such account with Reserve Bank of India or in the form of Stock Certificate. Interest on the Government Stock will be paid half-yearly. (viii) The Government Stocks will be repaid at par on Apr 16, 2023; Jan 08, 2028; Sep 09, 2035; and June 22, 2045 respectively. (ix) The Stocks will qualify for the ready forward facility. (x) The Stocks will be eligible for “When Issued” trading during the period Sep 4- Sep 7, 2018 in accordance with guidelines on ‘When Issued’ transactions in Central Government Securities issued by Reserve Bank of India vide circular No.RBI /2006-07/178 dated November 16, 2006 as amended from time to time. Yours faithfully (Arvind Kumar) General Manager

from NOTIFICATIONS FROM RBI https://ift.tt/2C34LVI
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Trump is said to back $200 bn China tariffs next week

The president plans to impose the tariffs once the deadline passes, according to the people familiar with the matter.

from India Infoline News Service https://ift.tt/2Po2pCz

Rotate employees in sensitive posts: CVC directs banks, insurance companies

The CVC had in May this year asked banks and insurance companies to effect rotational transfers in respect of those officers in sensitive posts who are continuing beyond three years.

from Banking/Finance-Industry-The Economic Times https://ift.tt/2N4gZlr
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'Vodafone Idea will contribute to India's digital economy'

After the merger, the new entity with subscriber base of 408 million, overtakes Sunil Bharti Mittal-led Bharti Airtel to become India largest telco

from The Hindu - Industry https://ift.tt/2N6rAfF

Dilip builcon wins contract worth Rs1,698cr

The contract is for the construction of Access Controlled Nagpur-Mumbai Super Communication Expressway and is expected to be completed in 30 months.

from India Infoline News Service https://ift.tt/2opcVOD

Ind vs Eng: इंग्लैंड के बल्लेबाजों पर बिफरे केविन पीटरसन, पूछा- इन्हें कोचिंग कौन देता है

लंदन. भारत और इंग्लैंड के बीच साउथैम्पटन में खेले जा रहे चौथे टेस्ट में एक बार फिर इंग्लैंड का टॉप ऑर्डर लड़खड़ा गया। दोनों ओपनर विफल रहे। कीटोन जेनिंग्स तो जल्दी आउट हो गए लेकिन दिक्कत एलिस्टर कुक को लेकर ज्यादा है। वो 50 से ज्यादा खेलने के बाद एक गैर जिम्मेदाराना स्ट्रोक खेलकर आउट हुए। बहरहाल, ओपनर ही क्यों इंग्लैंड के पूर्व टेस्ट बल्लेबाज केविन पीटरसन ने इंग्लैंड के पूरे बैटिंग लाइनअप को ही कठघरे में खड़ा कर दिया है। उन्होंने पूछा है कि बल्लेबाजों को कोचिंग कौन देता है।

आज की ताज़ा ख़बरें पढ़ने के लिए दैनिक भास्कर ऍप डाउनलोड करें

from दैनिक भास्कर https://ift.tt/2NvAdxc