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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.
What is the primary goal of the joint venture between Coal India Limited (CIL) and GAIL for setting up a Coal to Synthetic Natural Gas (SNG) plant?
Which team clinched the inaugural Indian Premier League (IPL) championship?
The indigenous bullet train developed by India is based on the _______ platform.
First Phase of Digi Yatra Initiative was launched in ____?
Prime Minister Narendra Modi presented Rashtriya Bal Puraskar 2022 to a total of _____ children and presented digital certificates to them in a virtual ...
What was the primary objective of the Digital India Act (DIA) introduced in September 2024?
Which E-commerce company has launched its third and largest grocery fulfillment center in Uttar Pradesh?
EPFO’s provisional payroll data highlights that EPFO has added 16.30 lakh net members in the month of May 2023.Which state is leading the charts by ha...
A Bilateral Exercise “ Udarshakti ” hosted by which country recently?
During the Global Investors Meet 2024 in Chennai, Singapore-based companies signed an MoU worth SGD 5 billion or Rs 31,000 crore with the Tamil Nadu gov...