Haryana Sports minister dismisses Bajrang Punia, Vinesh Phogat’s claims of prize money cut

Athletes like world number one wrestler Bajrang Punia and Asian Games champion Vinesh Phogat took to Twitter to express their displeasure on cuts in prize money by Haryana Government as per the new sports policy. Bajrang Punia had said that wrestlers from Haryana represented not only the state but the entire country and that such […]

2019 World Cup | ‘This is still our World Cup’, insists Stokes despite back-to-back losses for England

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Business Economy

Cash in circulation fell post note ban: FM

Demonetisation, coupled with increased digital transactions and the reduced cash usage in the informal economy, led to a reduction in currency in circulation by ₹3.4 lakh crore, according to Finance Minister Nirmala Sitharaman. ‘Significantly lower’ Replying to a question in the Rajya Sabha, Ms. Sitharaman said that the level of currency in circulation as of […]

Business Economy

Investors’ trading costs may decline with interoperability kicking in next week

Investors could soon see a drop in trading costs if market participants pass on the benefits of interoperability that will kick in from next week. According to market participants, interoperability between clearing corporations that allows brokers to use any of the clearing corporations to settle their trades, would lower the compliance cost for market intermediaries, […]

Business Economy

What is side pocketing?

What is the side pocketing rule? Simply put, side pocketing is a framework that allows mutual funds to segregate the bad assets in a separate portfolio within their debt schemes. The Securities and Exchange Board of India (SEBI) introduced the framework in December — primarily triggered by the IL&FS fiasco — after it emerged that […]