Arvind Chari, chief investment officer, Quantum Advisors explains the ramification of the RBI’s policy announcements for fixed-income investors in an interview with Sanjay Kumar Singh

Arvind Chari, chief investment officer, Quantum Advisors explains the ramification of the RBI's policy announcements for fixed-income investors in an interview with Sanjay Kumar Singh

RBI rate hike: Arvind Chari explains impact on fixed-income investors

State Bank of India chairman CS Setty on Friday pitched for the creation of a market infrastructure institution to track the end-use of funds borrowed or raised as equity by small businesses.
A "viable mechanism" is needed to ensure that the funds are used for the intended purposes, Setty said in remarks which come amid heightened concerns on the subject of end-use of funds.
"We will require a viable mechanism to track the actual use of these funds to ensure that the funds are utilised for the purposes they have been raised for, probably through the establishment of a separate market infrastructure institution with powers to track the use of borrowed funds or the funds raised through equities," Setty said.
Addressing a conference organised by the Sebi-promoted NISM here, Setty said the creation of such a platform will provide comfort to lenders as well as investors, and make pricing more competitive.
It can be noted that the RBI has been pressing lenders to monitor end-use funds, .

Addressing a conference organised by the Sebi-promoted NISM, Setty said the creation of such a platform will provide comfort to lenders as well as investors, and make pricing more competitive

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The Supreme Court on Friday allowed petitioners, who dropped out from their courses between November 5 and November 18, 2024, to register for Joint Entrance Examination (JEE)-Advanced.
A bench of Justices B R Gavai and Augustine George Masih passed the order while hearing the pleas against bringing down from three to two, the attempts given to JEE-Advanced aspirants.
The apex court noted the joint admission board (JAB), entrusted to conduct the JEE-Advanced exam, had issued a press release on November 5 last year which said students who appeared for the class 12 examination in academic years 2023, 2024 and 2025 would be eligible to appear for the JEE-Advanced.
The bench further said on November 18, 2024, another press release was issued restricting the eligibility only to two academic years -- 2024 and 2025.
"If the students, acting on the said representation (of November 5), have dropped from their course with an understanding that they would be entitled to appear for JEE ...

The bench further said on November 18, 2024, another press release was issued restricting the eligibility only to two academic years -- 2024 and 2025

The Supreme Court on Friday issued a notice on a plea by the Sambhal's Jama Masjid management committee, and ordered status quo with regard to a private well located near the entrance of the mosque.
A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar directed that no steps be taken regarding the well without its permission and instructed the authorities to file a status report within two weeks.
The plea filed by the Committee of Management of Shahi Jama Masjid challenged a November 19, 2024 order by the Sambhal Senior Division Civil Judge that allowed the appointment of an advocate commissioner to survey the mosque.
It was argued that the survey led to violence and loss of life, prompting the urgent intervention of the top court.
Senior Advocate Huzefa Ahmadi, representing the Committee of Management, emphasised the historical significance of the well, stating, "We have been drawing water from the well since time immemorial."
Ahmadi raised concerns over a notic

A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar directed that no steps be taken regarding the well without its permission

The official said around 35,000 customs cases, involving over around Rs 50,000 crore are currently pending across various courts

In a significant reshuffle within the Finance Ministry, senior IAS officer Arunish Chawla has been reassigned from his position as revenue secretary to head the Department of Investment and Public Asset Management (DIPAM), a move which comes three weeks ahead of the Union Budget.
DIPAM secretary Tuhin Kanta Pandey has been appointed as the new revenue secretary in place of Chawla, according to a personnel ministry order. Pandey is also the finance secretary.
The changes come at a time when the Finance Ministry is working on the the Union Budget, scheduled for presentation on February 1. Wednesday's reshuffle is seen as the government's strategic adjustments as it gears up for the crucial financial planning period ahead.
Chawla, a 1992-batch Indian Administrative Service (IAS) officer of Bihar cadre, was appointed as the revenue secretary only on December 25 last year. He was then working as the Secretary, Department of Pharmaceuticals.
He will also hold additional charge of the pos

DIPAM secretary Tuhin Kanta Pandey has been appointed as the new revenue secretary in place of Chawla

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RBI rate hike: Arvind Chari explains impact on fixed-income investors

Arvind Chari, chief investment officer, Quantum Advisors explains the ramification of the RBI’s policy announcements for fixed-income investors in an interview with Sanjay Kumar Singh

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