Economic Times September 8, 2009 Sebi Allocates Rs 8,000 Crore Govt Debt To 12 FIIs
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"The government wants wider distribution of government debt in the hands of several FIIs, instead of having bigger impact of any single FII on government debt market," SMC Capitals Equity Head Jagannadham Thunuguntla said.
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This investor presentation provides an overview of the Indian real estate market and Nitesh Estates company. The real estate market in India is growing rapidly and expected to reach $180 billion by 2020 due to urbanization and government initiatives. Nitesh Estates has experienced steady growth since 2004, developing over 4.5 million square feet of residential and commercial space. It has an experienced board and long term institutional investors. The company's strategic direction is to diversify revenue streams, expand rental income, explore new verticals, and manage a sustainable debt level.
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The Securities and Exchange Board of India (SEBI) is expected to amend the rules governing real estate investment trusts (REITs) to attract foreign institutional investors (FIIs) and high-net-worth individuals (HNIs). A new set of relaxed guidelines may be announced to make REIT investments easier for wealthy Indians and international investors. The amended REIT format will exclude retail investors as the liberalized guidelines may be too risky for those with lower risk tolerance. Indian regulators are looking to revise REIT guidelines to draw foreign investment and support the declining rupee.
Recent development of indian financial system
The document discusses various recent developments in the Indian financial system. It mentions that the Supreme Court upheld the constitutional validity of the Aadhaar scheme. It also discusses the RBI setting up a regulatory sandbox for fintech and data science labs, IRDAI moving to a risk-based capital regime, and RBI increasing statutory liquidity ratio levels. It briefly summarizes the launch of the India Post Payments Bank and developments regarding blockchain, open market operations, a national logistics portal, and awards/approvals for banks and fintech companies.
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In a tight labour market, job-seekers gain bargaining power and leverage it into greater job quality—at least, that’s the conventional wisdom.
Michael, LMIC Economist, presented findings that reveal a weakened relationship between labour market tightness and job quality indicators following the pandemic. Labour market tightness coincided with growth in real wages for only a portion of workers: those in low-wage jobs requiring little education. Several factors—including labour market composition, worker and employer behaviour, and labour market practices—have contributed to the absence of worker benefits. These will be investigated further in future work.5 Tips for Creating Standard Financial Reports
Well-crafted financial reports serve as vital tools for decision-making and transparency within an organization. By following the undermentioned tips, you can create standardized financial reports that effectively communicate your company's financial health and performance to stakeholders.
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Economic Times September 8, 2009 Sebi Allocates Rs 8,000 Crore Govt Debt To 12 FIIs
- 1. SEBI allocates Rs 8,000 crore govt debt to 12 FIIs 8 Sep 2009, 2248 hrs IST, PTI MUMBAI: SEBI allocated Rs 8,000 crore of government debt to 12 foreign institutional investors and their sub-accounts, including JP Morgan Chase Bank, Barclays Bank, Standard Chartered Bank, in an open bidding platform that took place on the NSE platform today. JP Morgan Chase Bank, Barclays Bank, Standard Chartered Bank and Copthall Mauritius Investment were allocated Rs 800 crore of government debt each, the Securities and Exchange Board of India (SEBI) said in a statement. Deutsche Bank International, Citicorp Investment Bank, BNP Paribas, Nomura Mauritius, Schroder International Selection Fund and Bank of America Singapore successfully bid for Rs 750 crore of government debt each. These debts were allocated to FIIs after they were left unutilised under the investment limits for government debt set for FIIs. The government has set a ceiling of USD 8 billion of government debt for FIIs. On September 4, SEBI had cut the investment limit for an FII in government debt to Rs 800 crore from Rs 1,000 crore. "The government wants wider distribution of government debt in the hands of several FIIs, instead of having bigger impact of any single FII on government debt market," SMC Capitals Equity Head Jagannadham Thunuguntla said. Fund Advisors (UK) and DBS Bank were allocated government debt worth Rs 250 crore and Rs 50 crore respectively. These would have to be utilised by the allocated entities within 45 days of the allocation, the regulator said.