“Many years later, as he faced the vaccination squad, the colonel was to remember that distant afternoon when his father told him about the pandemic.” That’s the first sentence of this beloved magic realist novel. It deals with several generations of a single family in eternal quarantine because the patriarch refused to believe that the end of the lockdown had been announced. … [Read more...] about Novel coronavirus novels that have remained unwritten
Caught you red handed song
The Bharat Bond ETF is India’s first corporate debt ETF. Companies approach the firm managing the bond ETF with their borrowing requirements. The bond ETF raises funds from investors and hands them over to the underlying companies for a fixed tenure. Once the tenure is over, these companies return the amounts back to the ETF, which then passes it on to the investors. The units of both the ETFs will be listed on the stock exchanges where they can be traded. The units of the first tranche will continue to be available for trading in the NSE. … [Read more...] about Bharat Bond ETF-Series II: A Safe option, but should you invest?
On June 9, 2019, there was a massive fire at Well No. 5 at the Baghjan oil field in Assam’s Tinsukia district. Barely two weeks earlier, the same oil well operated by state-owned Oil India Ltd (OIL) had a major accident on May 27, when there was a blowout during routine work. The massive blaze on June 9 was so extensive that it could be seen from a distance of 30 km; a thick-black pall of smoke billowing from the well engulfed the area. Two firefighters died in the blast, and thousands of people living in the vicinity had to be shifted to a relief camp. One of the factors for concern was the proximity of the oil field to the Dibru-Saikhowa National Park, which is rich in biodiversity and home to 36 species of mammals and 400 species of birds. After the initial blowout, when natural gas and oil seeped from the well, there were quite a few carcasses of marine animals that were discovered, including those of the critically endangered Gangetic Dolphins. … [Read more...] about Why EIA 2020 is a sure-shot recipe for more environmental disasters
Chander SawhneyThe new age companies are keen to keep the best employees who bring in their know-how, and technical expertise that adds to the business value of a company. In order to keep them motivated and involved, companies are going an extra mile to reward them by giving them ESOPs / Sweat Equity. It’s a win-win situation and also helps company to limit its fixed cost. The employees feel like entrepreneurs and gets rewarded multiple times once the company scales up and its valuation increases. This mechanism of issuing ESOP / Sweat Equity Shares involve sharing the ownership of the company with the employees at a discounted value to the Fair Value of Shares. It may be noted that only a company which has commenced its business for minimum one year can issue sweat equity shares. As per the provisions of the Company Law and Securities and Exchange Board of India (SEBI) Guidelines, ESOP’s cannot be issued to promoters, independent directors and any director holding 10 … [Read more...] about Sweat equity shares a way to reward your employees
Having said that, with the recent Maternity Benefit (Amendment) Bill, 2016 (“Bill”) being passed at the Rajya Sabha, working women across different sectors in India seem to exhibit relief for some landmark changes that the Bill proposes to implement. However, various sections of the society have also expressed their displeasure over the Bill being a flawed piece of legislation that needed to be more unambiguous and provide benefits such as paternity leaves, provisions affecting the unorganized sectors, among various other issues that shall be dealt with in this piece. … [Read more...] about Maternity Bill still has a long way to go