Capital markets regulator Sebi on Friday said investment advisers operating in International Financial Services Centre (IFSC) are required to have a net worth of $7,00,000 (around Rs 5.05 crore). Earlier, the net worth requirement for investment adviser (IA) in IFSC was $1.5 million. … [Read more...] about SEBI asks investment advisers operating in IFSC to have $700,000 net worth
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While festival offers drove Flipkart and Amazon installations during the period, Club Factory’s rapid growth among `Challengers’ is attributed to focusing on affordable range of products as well as charging zero commission from the sellers. Club Factory has also managed to reduce delivery time by as much as 30 percent with average positive product rating going up by 40 percent in 2019.Subscribe to Moneycontrol Pro's Annual plan for Rs 399/- for the first year. Use coupon PRO2020 (Available on Web & Android only). … [Read more...] about Club Factory Emerges Top Challenger to Amazon, Flipkart: TechArc Report
But no stimulus, whether monetary or fiscal, can work as long as entire cities are shut down when supply chains are disrupted, when ships aren’t allowed to enter ports and when airlines cancel flights. The stimulus can’t work if workers don’t turn up and factories and shops remain shut or are only partially open or if the supply of raw materials and the movement of finished goods is disrupted. You cannot address a supply-side shock by trying to stimulate demand. The stimulus will do nothing for the economy as long as the epidemic keeps spreading and governments impose restrictions and quarantines to try and prevent it going viral (an appalling pun, I agree). Moreover, a stimulus is already happening, as commodity prices have fallen and bond yields have come down. … [Read more...] about Moneycontrol Pro Weekender: Time to pay the bill?
The government’s first advance estimates put real GDP growth for 2018-19 at 7.2 percent. There will undoubtedly be a threadbare analysis of these numbers. Government supporters will point out it’s a big improvement from the growth rate last fiscal. Critics of the government will say it’s lower than the growth rate notched up in the first half of the year. There will be technical discussions about higher or lower bases. There will be impassioned debates about whether consumption is slowing down or whether investment is picking up. Folks will talk of the comeback of manufacturing and discuss whether the higher growth in the construction sector will mean more job creation. Why, we might also talk of the political impact of this GDP growth figure. … [Read more...] about Opinion | Take the first advance GDP growth estimates with a pinch of salt
The chart shows that China’s re-balancing away from investment and export-driven growth is well underway. In 2018, the main driver of growth was consumption, which contributed 4.6 percentage points to the estimated 6.5 percent GDP growth. But December’s contraction in imports suggests that all is not well with consumption demand in China. That has already been shown by car sales, which contracted in 2018 for the first time since the nineties. … [Read more...] about Opinion | China faces two options: Domestic stimulus or trade truce with US