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In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) has introduced sops for large corporates (LCs), which have raised more than the mandated share of 25% of their qualified borrowing through the bond route. SEBI has also provided a framework from FY25 onwards. Firms will need to meet the borrowing quota over a contiguous period of three years. At the end of three years (last day of T+2 year), if there is a surplus of borrowings at over 25%, the firms will have the following advantages. One, there will be a reduction in the annual listing fee between 2% to 10% at the end of T+2. Two, the contribution to the Core Settlement Fund (CSF) will go down from 0.01% to 0.05%. The reduction in the fee will depend on meeting the norms between 0-15% and 75%. In case of a shortfall, the additional contribution for a shortfall will range from 0.015% to 0.055% between 0-15% and 75%. Similarly, there will be an additional method to increase the CSF.
_______________ has signed United Nations supported Principles for Responsible Investment (UNPRI) demonstrating its commitment towards Environment, Soci...
GST collection grew 13 percent in March to ______— the second-highest mop-up since the rollout of the indirect tax regime.
Recently SEBI imposed a penalty of Rs 1 crore on which of the followings company for misutilization of client securities.?
Under the Nasha Mukt Bharat Abhiyaan, what is the specific focus area mentioned in the MoU between the Department of Social Justice and Empowerment and ...
What is the main objective of celebrating Statistics Day on June 29 in India?
Which of the following organization gets DSCI AISS Award for ‘Best Security Practices in Government Sector’?
Consider the following statement about “Indira Gandhi Prize for Peace”.
1. It is awarded to individuals only
2. Recently, it was j...
Which of the following projects was not inaugurated during PM Modi’s visit to Mauritius?
In a move to deepen the bond market, the Securities and Exchange Board of India (SEBI) has introduced sops for large corporates (LCs), which have raised...
How much did the Centre earmark for Phase III of the PMGSY (Pradhan Mantri Gram Sadak Yojana)?