The government function meant to launch `Abhayahastam' pension scheme for women self help groups (SHG) turned out to be a political propaganda platform with chief minister Y S Rajasekhara Reddy and Congress MP U Arun Kumar openly seeking votes for the Congress party.
The contributory pension scheme for the SHG members was launched on Friday at the Agriculture University in Rajendranagar.
Saturday, February 7, 2009
Satyam scam to be included in B-schools
The Satyam scam is now going to be a part of most B-school curriculum, including Hyd's Indian School of Business. The life and times of fallen IT czar, B Ramalinga Raju, will figure among the list of case studies on fraudulent business practices.
SEBI sets $8-bn open bidding cap for FIIs in corp debt
In a move aimed at creating more transparency in the allocation process for investments in the corporate debt market,the Securities and Exchange Board of India (Sebi) on Friday said it would allocate $8 billion debt investment limit to foreign institutional investors (FIIs) in an open bidding platform.
Sebi said that all bidding for the limits would be through the stock exchanges and the window for bidding would remain open for two hours. The minimum amount that an FII can bid is capped at the lower end at Rs 250 crore, with a minimum ticket size of Rs 100 crore. The bid price will be expressed in basis point and a minimum flat fee of Rs 1,000 per successful bid shall be levied for the allocated amount.
Sebi said that all bidding for the limits would be through the stock exchanges and the window for bidding would remain open for two hours. The minimum amount that an FII can bid is capped at the lower end at Rs 250 crore, with a minimum ticket size of Rs 100 crore. The bid price will be expressed in basis point and a minimum flat fee of Rs 1,000 per successful bid shall be levied for the allocated amount.
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