MNC banks ask FPI managers not to sell NRI clients’ investments

FPIs have to bring down the aggregate contribution of NRIs and OCIs (along with resident Indians) in a fund to below 50% by December 31, 2020. Also, contribution by an NRI/OCI cannot exceed 25%. Funds which fail to do this will have to wind up in six months.

from Economic Times https://ift.tt/2L3r0ja

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China is set to vaccinate millions, but without any proof that its vaccines work.

By BY SUI-LEE WEE from NYT World https://ift.tt/37VG5N0

Unless placed in SEBC, Marathas would continue to face 'unequal competition with forward class': HC

from India News | Latest News Headlines & Live Updates from India - Times of India https://ift.tt/31Qst0i

'Changes to bankruptcy code ready, to be sent to cabinet’

'Changes to bankruptcy code ready, to be sent to cabinet’The changes include cross-border insolvency framework and harsher punishments for irregularities. from Economic Times https://ift.tt/2KLe8gw

Delhi to India

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