Start learning 50% faster. Sign in now
The Reserve Bank of India has tweaked norms for the issuance of commercial papers (CPs) and non-convertible debentures (NCDs) of up to one year to regulate short-term investments and ensure transparency in the market. One of the key changes, slated to take effect from April 1 this year, was that the guidelines mandate issuers to mention the exact end use of the funds raised through these instruments, excluding financing for current assets and operating expenses. The settlement period was capped at T+4, which means the transactions need to be settled within four days from the trade date. Individuals and Hindu Undivided Families (HUF) were restricted to investing a maximum of 25 per cent of their total income. The guidelines specify that redemptions (repayment of the invested amount) need to be made before 3 pm on the maturity date. All residents are eligible to invest in commercial papers and non-convertible debentures. Non-residents are eligible to invest in CPs and NCDs to the extent permitted under FEMA or the rules framed under. The tenor of a CP cannot be less than seven days or more than a year. The tenor of an NCD cannot be less than 90 days or more than one year. The minimum credit rating assigned by a credit rating agency for the issuance of CPs and NCDs will be 'A3' as per rating symbol and definition as prescribed by Sebi.
Scientists are identify a gene that improves the heat tolerance of the algae that live symbiotically with coral species.
Direction: In the sentence given below, a part is highlighted and suggestions for its correction are given below the sentence. Choose the correct opti...
Expenses had be greater than she had calculated.
My friend lives in a nearby street whose name I have forgotten.
More than 100 police officers were being deployed at the venue , along with an armed posse from the Police.
It was a sturdy house (completing) with a fine fireplace and chimney.
I. Without a global efforts to rapidly reduce greenhouse gas emissions, average global temperatures are very likely to exceed 2°C even with current po...
Which of the phrases a, b, c, and d given below in each sentence should replace the word/phrase printed in bold in the sentence to make it grammatical...
When the detection of a new highly-transmissible coronavirus variant , ‘Omicron’ in South Africa and the threat of a third wave of the pandemic be...
She took the square tins and cut out some square (cakes) for the little boys.