engineering success review

engineering success review 

engineering success review Published this article page no   119 Sweat equity refers to shares issued by a company to its employees for noncash consideration. Startups and promoters typically use it to fund their companies T+1 Settlement Cycle SEBI (Securities and Exchange Board of India) has introduced an optional T+1 settlement cycle for the markets. To come into force on January 01 2022 T+1 means that settlements will have to be cleared within one day of the actual transactions taking place. Potential benefits Increased market liquidity and trading turnover with reduced settlement risk and broker defaults 3.2.3. BONDS IN NEWS Indias first Eurodenominated Green Bond Recently Power Finance Corporation Ltd (PFC) leading NBFC in power sector issued Indias first €300 million 7year Euro Green Bond. In green bonds the money raised by the issuer are earmarked towards financing `green projects like renewable energy clean transportation etc. Started by development banks like European Investment Bank and World Bank in 2007 the first ever green bond of India was launched by Yes Bank in 2015. Floating Rate Funds Floating rate funds are those funds who buy bonds with changing interest rates according to the changing rates in the economy. Seen huge inflows in recent months due to expectations of rise in interest rates floating rates insulate investors from losses due to rate hikes. According to SEBI rules 65% of the corpus of floating rate funds must be invested in floating rate instruments. Social Impact Bonds SIB is a contract with public sector or governing authority whereby it pays for better social outcomes in certain areas and passes on part of savings achieved to investors. SIB is not a bond per se since repayment and return on investment depend upon achievement of desired social outcomes if objectives are not achieved investors receive neither a return nor repayment of principal. It is also known as PayforSuccess contracts. The Pimpri Chinchwad Municipal Corporation (PCMC) in Maharashtras Pune district signed a Memorandum of Understanding (MoU) with the United Nations Development Programme (UNDP) India to cocreate Indias first Social Impact Bond (SIB). Inflation Index Bonds (IIB) Amid hardening inflation RBI asked financial institutions to sense the possible demand for IIB. o Globally IIBs were first issued in 1981 in UK. In India RBI issued IIBs (linked to WPI) in 2013. IIB provides the investor a constant return irrespective of the level of inflation in the economy engineering success review buy.

engineering success review