The recent sharp rally in paper stocks following the government's pledge to eliminate single-use plastic has made investors sit up and take note.Many are of the opinion that the government’s shun-plastic push has brightened the prospects of paper companies. But, analysts and industry watchers are less convinced with this rally.The government has pledged to eliminate single-use plastic by 2022. As per reports, a nationwide ban on single-use plastic, including bags, cups and straws, could come as early as on October 2, the 150th birth anniversary of Mahatma Gandhi.Close Since August 15, when Prime Minister Narendra Modi urged citizens to give up single-use plastic by October 2, 20 paper stocks have surged over 10 percent as of September 11 on BSE. related news Sensex at record high but midcaps likely to generate wealth; 20 stocks to bet on Technical View: Nifty forms Doji pattern, record high likely if index closes above 12K Sensex hits a new high, 4 factors that could … [Read more...] about 20 paper stocks up 10% since Aug 15. Will it hold?
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Getting the police to wear body cameras has been welcomed by both activists and law enforcement officials as a way of increasing transparency, especially in light of recent high-profile fatal shootings. But they’ve actually proven more illuminating at exposing a different type of police misconduct: Fake evidence. advertisement advertisement It isn’t a new problem in policing, but body cameras in Baltimore have given the public a high-definition glimpse into the phenomenon in recent weeks, with the emergence of videos allegedly showing officers planting drugs. City prosecutors are now re-examining hundreds of cases. By Friday, state’s attorney for Baltimore Marilyn Mosby had thrown out 41 cases because of “credibility” concerns arising from a video her office released last month. Shot in January, the clip appeared to show an officer planting drugs in an abandoned lot as two other officers looked on. This week, … [Read more...] about These Police Videos Cast Doubt On Dozens Of Gun And Drug Convictions
The nine-hour marathon meeting of the Reserve Bank of India's central board saw mutual agreement being reached on several issues amid the ongoing rift between the government and the central bank.According to a post-meeting release by the central bank, the board discussed the Basel regulatory capital framework, a restructuring scheme for stressed MSMEs, bank health under Prompt Corrective Action (PCA) framework and the Economic Capital Framework (ECF) of RBI.The Board decided to constitute an expert committee to examine the ECF, the membership and terms of reference of which will be jointly determined by the government and the RBI.Close It also advised that the RBI should consider a scheme for the restructuring of stressed standard assets of MSME borrowers with aggregate credit facilities of up to Rs 25 crore, subject to conditions of ensuring financial stability. related news Banking | Should RBI have a Deputy Governor based outside Mumbai? Cube Highways bids Rs 5,011cr to … [Read more...] about RBI board meet outcome: Relaxation in PCA norms, stressed MSME loan recast on the cards
Subir RoyMoneycontrol ContributorThe Odisha government has taken an important step to address rural distress and has come up with the Krushak Assistance for Livelihood and Income Generation (KALIA), which seeks to overcome the shortcomings of earlier attempts in the country in the same area.First came the debt waiver schemes, which addresses the immediate crisis in the lives of debt-ridden farmers, but does nothing to improve farm economics. Also, their scope is limited, as only institutional loans are covered. Loans from moneylenders are not covered.Close Worse, loan waivers harm credit discipline (the need to repay loans) and the viability of the entire agricultural credit system. related news Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report KfW to lend Rs 1735cr to Andhra Pradesh for zero budget natural farming CCEA approves amendments to 'Toll Operate Transfer' model for national highways Then came the recently introduced Rythu Bandhu scheme in Telangana, … [Read more...] about Opinion | Odisha’s KALIA is the best scheme yet to address rural distress
Zee Entertainment Enterprises share price rose 15 percent in the early trade on November 21 after promoters of the media house mulled selling their stake in the company.Essel Group, a promoter of the company, is looking to sell up to 16.5 percent stake in the media company.After the transaction, Essel's holding will come down to five percent in the company, out of which encumbered holding will be 1.1 percent.Close The stake sale will be to clear loan obligations to certain lenders of the group. related news D-Street Buzz: Oil & gas stocks fall led by BPCL; L&T gains, UCO Bank zooms 16% GE Shipping share price gains 3% on closure of buyback Reliance Capital share price locked at lower circuit after assets sale restriction Also Read - Essel Group to lose controlling stake in Zee EntertainmentOf the 16.5 percent, 2.3 percent will be sold to OFI Global China Fund -- a subsidiary of Invesco Oppenheimer Developing Markets Fund -- which already held 8.7 percent stake in the … [Read more...] about Zee Entertainment share price rises 15% on stake divestment