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?
Panama papers india
Medical associations and professionals have said they will halt cashless treatments of beneficiaries of the Centre's medical care schemes unless rates are increased and unpaid dues paid, according to a report in Hindustan Times.Doctors associations, hospitals and nursing homes are yet to be paid at least Rs 1,000 crore for expenses incurred under these schemes, the Association of Healthcare Providers India (AHPI) said.The schemes will continue but beneficiaries would pay central government Health Scheme (CGHS) rates and then seek reimbursements from the government themselves, AHPI director-general Dr Girdhar Gyani told the paper.Close Cashless treatments will thus be halted as a stopgap measure to deal with delayed payments, he added. AHPI has 10,000 members pan-India, including Lilavati, Hinduja, Apollo and Fortis. related news SC agrees to hear PIL seeking deportation of Rohingyas, Bangladeshi immigrants in four weeks World needs India's ancient traditions of non-violence, … [Read more...] about CGHS: Hospitals irked over unpaid dues, threaten to stop treatment
The government is expected to launch India’s first fixed income Exchange Traded Fund (ETF) in December, reports The Indian Express. The ETF is expected to be sized around Rs 15,000-20,000 crore and will contain debt securities of a dozen state-run companies.The fund will include only AAA-rated papers of the public sector units (PSUs). It could offer a return of over seven percent for investors, higher than the 5.5 percent post-tax return offered by most fixed bank deposits.The proceeds will go to the PSUs involved in the ETF, unless it also includes government securities and bond papers.Close Moneycontrol could not independently verify the story. related news OnMobile Global share price climb 6% on collaboration with Gionee Cadila Healthcare gets USFDA approval for Isosorbide Dinitrate, Desonide; shares volatile Cube Highways bids Rs 5,011cr to bag third TOT bundle: Report “We already held some roadshows and hope that the debt ETF will be … [Read more...] about Govt may launch 1st fixed income ETF of PSUs in December
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