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LIVE: Govt bonds inclusion in JP Morgan index will widen investor base: CEA

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Anantha Nageswaran

Chief Economic Advisor V Anantha Nageswaran

The ICC on Friday said seven venues in the Caribbean and three cities of USA will co-host the next year's men's T20 World Cup from June 4-30. The seven Caribbean venues shortlisted by the ICC are Antigua & Barbuda, Barbados, Dominica, Guyana, Saint Lucia, St Vincent and the Grenadines, and Trinidad & Tobago. Besides three places in the USA -- Dallas, Florida and New York will co-host the event.

Chief Economic Advisor V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JP Morgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee. He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index. Global financial firm JP Morgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market index from June, 2024, a move that will bring down borrowing cost for the government.

A court here on Friday extended the judicial remand of TDP chief N Chandrababu Naidu in the case pertaining to AP Skill Development Corporation scam till September 24. Additional Advocate General Ponnavolu Sudhakar Reddy told PTI that the special court for Anti-Corruption Bureau here extended the former Chief Minister's remand by two days.
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5:51 PM

Polls conducted for DUSU central panel, college unions; counting on September 23

Delhi University students cast their votes for the DUSU's central panel after a gap of almost four years amid heavy police presence and last-ditch efforts by organisations to woo voters. Voting for the Delhi University Students' Union (DUSU) concluded late on Friday and the results of all four central panel posts -- president, vice-president, secretary and joint secretary -- will be announced on Saturday. The DUSU elections were last held in 2019. The polls could not be held in 2020 and 2021 due to COVID-19 while possible disruptions to the academic calendar prevented their conduct in 2022.

5:34 PM

All gates of Thane's Bhatsa Dam opened amid heavy rains as storage capacity touches 99.47%

All five gates of Bhatsa dam in Thane district were opened on Friday for water discharge amid heavy rains in the region, an official said. The district official said the live storage of the dam was presently 99.47 per cent of its capacity. "The water level is 141.89 metres. All five gates have been opened to 100 centimetres. The total discharge from these five gates is 18,794 cusecs or cubic foot per second," he said.
5:24 PM

Drone mapping of over 7,100 revenue estates to be completed by Dec: Haryana Chief Secy

Haryana Chief Secretary Sanjeev Kaushal on Friday said that the work to map 7,102 revenue estates using drones would be completed by December. Presiding over a review meeting here of the Haryana Large Scale Mapping and Svamitva schemes, Kaushal said that the drone mapping work has been completed in Karnal, Sonipat, Kaithal, Jind, Panipat, and Panchkula districts.
5:09 PM

Delhi Police to organise Raahgiri Day in Connaught Place on Sunday

The Delhi Traffic Police Friday said it will organise the Raahgiri Day in Connaught Place on Sunday to promote the safety of pedestrians and cyclists. In a traffic advisory issued here on Friday, the police said the Raahgiri Day "aims at promoting the safety of pedestrians and cyclists by making a particular stretch of road vehicle-free and opening up the street for citizens to celebrate health, well-being and fitness by indulging in activities such as walking, cycling, skating, and street games".
4:52 PM

Rapido aims to rope in over 200 women as auto-rickshaw 'captains'

Bike and auto-rickshaw aggregator Rapido has drawn up plans bring on board 200 women drivers over the next three months, the company said on Friday. Currently, Rapido Auto has engaged 50 female 'captains' hailing from diverse backgrounds in the city for its ride-hailing service, and it aims add more than 200 active captains in the next three months through collaborations with various Coimbatore-based non-governmental organisations, the company said in a release.

 
4:35 PM

Delta Corp gets tax notice for $1.34 bn along with interest, penalty

Indian casino operator Delta Corp said on Friday it has received a notice from the government to pay tax of 111.4 billion Indian rupees ($1.34 billion) along with interest and penalty for the period July 2017 to March 2022. The tax notice comes at a time when the company, valued at over $566 million, is already facing heat over the recent move in July by the country's Goods and Services Tax (GST) Council to impose a 28% indirect tax on the money collected by gaming companies from customers.

4:20 PM

Luca Marini tops second FP2 of IndianOil Grand Prix of India

Mooney VR46 Racing Team rider Luca Marini registered the fastest timing on the last lap during the second free practice session of the IndianOil Grand Prix of India MotoGP race at the Buddh International Circuit here on Friday. The Italian clocked one minute, 44.7820 seconds to pip Jorge Martin of Prima Pramac Racing. Martin settled as the second fastest rider finishing 0.008 seconds slower than Marini. With one minute, 44.8330 seconds, Aprilia Racing's Aleix Espargaro had set the tone for the day in the second session.
4:08 PM

ICC select seven venues in Caribbean to host men's 2024 T20 World Cup

The ICC on Friday said seven venues in the Caribbean and three cities of USA will co-host the next year's men's T20 World Cup from June 4-30. The seven Caribbean venues shortlisted by the ICC are Antigua & Barbuda, Barbados, Dominica, Guyana, Saint Lucia, St Vincent and the Grenadines, and Trinidad & Tobago. Besides three places in the USA -- Dallas, Florida and New York will co-host the event.
3:22 PM

B-team of BJP in Ktaka has officially become ND's part: Cong on JD(S) move

After the JD(S) joined the National Democratic Alliance (NDA), the Congress on Friday said the "B-team of the BJP" in Karnataka has officially become part of the coalition. Congress general secretary Jairam Ramesh said their assertion made during the recent Karnataka assembly poll campaign in this regard has been vindicated today.

 
3:08 PM

OCA takes up visa denial matter with China, Anurag Thakur cancels visit

Sports Minister Anurag Thakur on Friday cancelled his upcoming visit to Hangzhou for the Asian Games as a mark of protest against China's decision to deny visas to three Indian wushu players from Arunachal Pradesh while the Olympic Council of Asia's (OCA) is actively pursuing the matter with the Chinese authorities. The three female wushu players from Arunachal Pradesh -- Nyeman Wangsu, Onilu Tega and Mepung Lamgu -- have been denied accreditation, which also works as visa, for the Asian Games that officially gets underway on Saturday.
2:51 PM

Volume growth returning, rural demand seeing green shoots: Procter & Gamble

With softening of inflation, volume growth is finally returning and rural demand is witnessing green shoots, Procter & Gamble Hygiene and Health Care Ltd (PGHHL) said on Friday. PGHHL, which reported a 12 per cent sales growth in FY23 and 3 per cent sales growth in the first quarter this fiscal, said FMCG consumption in the June quarter was the fastest in the last six quarters.

 
2:39 PM

Delhi CM approves Rs 10-crore contribution to Himachal disaster relief fund

Delhi Chief Minister Arvind Kejriwal has approved a Rs 10-crore contribution to the Himachal Pradesh government's disaster relief fund to aid its rehabilitation and relief efforts following the devastation caused recent heavy rains in the hill state, officials said on Friday. The file in this regard will now be sent to Delhi Lieutenant Governor V K Saxena for his approval. The donation of Rs 10 crore is from the Chief Minister's Relief Fund.
2:20 PM

Emissions from Tata Steel's Dutch plant reduce life expectancy: Research

People living close to Tata Steel's Dutch steelworks have a life expectancy that is 2.5 months lower than the average for the Netherlands due to the plant's emissions, the Dutch National Institute for Public Health and the Environment said on Friday. The Institute said its research showed that exposure to particulate matter and nitrogen dioxide increases the risk of lung cancer and that 4% of the new cases in the area could be attributed to the emissions from the plant. The research also showed that 3% of new cases of asthma in children were due to the emissions.

2:10 PM

Govt bonds inclusion in JP Morgan index will widen investor base: CEA

Chief Economic Advisor V Anantha Nageswaran on Friday said inclusion of Indian government bonds into JP Morgan's benchmark emerging market index from next year will widen investor base, and may lead to appreciation of rupee. He also said there is potential for currency appreciation following inclusion of Indian bonds in JP Morgan index. Global financial firm JP Morgan has said that it plans to include Indian government bonds or government securities (G-Secs) into its benchmark emerging market index from June, 2024, a move that will bring down borrowing cost for the government.
2:00 PM

NCP split: Ajit faction submits disqualification plea against Sharad's MLAs

The Ajit Pawar faction of the Nationalist Congress Party has submitted a petition to Maharashtra Assembly Speaker Rahul Narwekar seeking disqualification of 10 MLAs affiliated to party founder Sharad Pawar. The petition was filed on Thursday by Anil Bhaidas Patil, who is the chief whip of the Ajit Pawar faction. The 10 MLAs named in the petition are Jayant Patil, Jitendra Awhad, Rajesh Tope, Rohit Pawar, Anil Deshmukh, Prajakt Tanpure, Balasaheb Patil, Sunil Bhusara, Sandeep Kshirsagar and Suman Patil, said Anil Bhaidas Patil.
 

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First Published: Sep 22 2023 | 9:22 AM IST

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