Latest news with #KSuresh
New Indian Express
01-08-2025
- Business
- New Indian Express
Brokers body Anmi moots deepening cash segment to wean away retail investors from derivatives
MUMBAI: The national brokers body Anmi (Association of National Exchanges Members of India) has proposed a five-point reform agenda to grow a healthier market, which includes deepening the cash market segment to wean away retail investors from derivatives. It has also called for entry barriers for retail by way of a cooling period in the market or a professional training in derivatives. Anmi president K Suresh told reporters here Friday that the five-point reform agenda marks the 30th foundation day celebrations of the association that came into being on August 1, 1996, adding that they will submit the agenda to the market regulator Sebi shortly. The five points in the reform agenda are: deepening the cash market through expanded single stock derivatives; building a robust securities lending and borrowing (SLB) ecosystem; reviving currency derivatives market with unified regulatory support; ensuring parity by allowing co-location facility in commodity markets; and introducing a fixed income index derivatives by reforming the retail F&O access. Suresh said these reforms if implemented will go a long way in strengthening and modernizing the financial ecosystem. The problem with the present market structure is structural and more regulatory measures are needed to deepen participation, foster innovation, and enhance our competitiveness in the global capital market landscape, he added. He also spoke on the need to reform retail participation in equity F&O, where over 93% of traders continue to incur losses (to the tune of Rs 1.5 lakh per annum as per Sebi's own findings). This suggests the need to strengthen eligibility norms, position limits, risk management frameworks, and investor protection measures to ensure responsible and sustainable participation, he said. On deepening the cash market by expanding the list of individual stock with derivatives options, he said the problem is that the vast majority of retail investors don't know anything about derivatives. 'So either Sebi should make it mandatory for an individual to get professional training in derivatives before allowing them in. We can follow what Korea does on this front where a diploma is mandatory to trade in derivatives. Another way to curb the faster rising volume in F&O is to make an investor wait for a year to two in the cash segment before allowing her into derivatives,' Suresh said. The objective is to strengthen and deepen the equity market, and one way to do so is to expand the list of individual stocks with F&O options, which currently is limited to only the key index components, he added. In most markets, almost 80% of scrips have F&O while here this is not even 5%, he said, adding to begin with Sebi can widen the universe of stocks eligible for derivatives trading by allowing all the Nifty 500 stocks to be in the F&O space.
&w=3840&q=100)
Business Standard
20-07-2025
- Business
- Business Standard
Parliament Monsoon Session begins tomorrow: Here's what to expect
The Monsoon Session of Parliament is set to begin on Monday where the Bharatiya Janata Party (BJP)-led government and the Opposition are likely to have a standoff on multiple issues, including the revision of electoral rolls ahead of Bihar Assembly polls. The session, which starts on July 21, will continue till August 21. Ahead of the start of the session on Monday, the government convened an all-party meeting on Sunday, July 19. Leaders who attended the meeting included Congress Members of Parliament (MPs) K Suresh and Jairam Ramesh, Union minister Anupriya Patel, NCP-SCP MP Supriya Sule, Shiv Sena MP Shrikant Shinde, and BJP MP Ravi Kishan. Biju Janata Dal's (BJD's) Sasmit Patra raised the issue of self-immolation by a college student in Odisha, saying the Centre can't escape responsibility for the "failing" law and order in BJP-led states and Parliament should debate it, PTI reported. Parliament Monsoon Session: Bills to be discussed The government plans to introduce and pass several important bills in the upcoming monsoon session. Key bills include Taxation Laws (Amendment) Bill, 2025; National Sports Governance Bill, 2025; and Indian Institutes of Management (Amendment) Bill, 2025 among others. Here's a list of some bills scheduled for discussion: Taxation Laws (Amendment) Bill National Sports Governance Bill Indian Institutes of Management (Amendment) Bill Manipur Goods and Services Tax (Amendment) Bill Jan Vishwas (Amendment of Provisions) Bill Geo-Heritage Sites and Geo-Relics (Conservation and Maintenance) Bill Mines and Minerals (Development and Regulation) Amendment Bill National Anti-Doping (Amendment) Bill Indian Ports Bill Income Tax Bill During the Budget Session this year, the Waqf Amendment Bill was passed.
Time of India
01-07-2025
- Business
- Time of India
Trichy corpn fixes rent for Panjapur truck terminal shops
Trichy: In its monthly meeting on Monday, the Trichy Corporation passed a resolution setting rent and deposit rates for shops at the Panjapur truck terminal, located on the Trichy-Madurai National Highway near the Integrated Bus Terminus (IBT). The local body has requested support from the Trichy city police to enforce the diversion of trucks and heavy vehicles currently parked on city highways and service roads to the new terminal. The council was informed that the terminal has 51 shops on the ground floor and 28 shops-cum-office spaces on the first floor. Rent has been fixed at Rs 132 per square foot, following government guidelines, while deposits range from Rs 4 lakh to Rs 10 lakh, depending on shop size (250 to 1,001 sq ft). The shops and amenities, including dormitories and sanitary complexes, will be leased out through a tender process. CPI councillor K Suresh emphasized the importance of police cooperation, stating, "If trucks parked on city roads are not regulated and diverted to the terminal, the project will fail." Councillors highlighted ongoing issues with truck parking on East Boulevard Road and near Gandhi Market, which cause significant traffic congestion due to poor enforcement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Uber luxury living at Hyderabad's billionaire junction Sumadhura Group Learn More Undo Mayor Mu Anbalagan assured that police would be directed to streamline on-street truck parking and ensure vehicles are redirected to the Panjapur terminal. The meeting also approved 53 resolutions, including a 10% hike in the annual outsourcing cost for solid waste collection awarded to Pudukkottai-based S R United Infra Developers, a decision that drew criticism from several councillors. They also urged the corporation to consider wage revisions for sanitary workers. With the monsoon approaching, Congress councillor L Rex and MMK councillor Faiz Ahamed requested funds to maintain major drains in their respective wards. Truck Terminal, Panjapur Cost: Rs 110.9 crore Area: 13 acres Capacity: Two-axle trucks: 231 Three and four-axle trucks: 10 Five and six-axle trucks: 5 Total: 246 Shops: 79 Rent: Rs 132 per square foot Deposits: Rs 4-10 lakh
Time of India
13-06-2025
- General
- Time of India
Trichy streets want to let go caste identities
Trichy: In what is seen as a drawback for a city known for its secular fabric, at least 30 prominent roads and streets in Trichy continue to bear caste and communal identities. While a few of them with neutral names were recently renamed by Trichy corporation to honour renowned personalities from the city, there are demands to rename streets with caste and communal names on priority and avoid getting stereotyped. Known for its pluralism, Trichy has elected candidates of non-dominant castes and religions as well as non-natives in assembly and parliament elections. However, the city with 65 wards and around 20 to 122 streets per ward, has at least 30 major streets and roads bearing caste names. Some of these include Kalla streets, Kura street, Arunthathiyar nagar, Vellala street, Muslim streets, Palla street, and Saurashtra streets. While there is no major opposition from residents to street names with backward or forward class names, those from streets bearing SC/ST names are uneasy. "A century ago, streets were named based on the dominant caste of the residents, but that is a thing of the past. Caste-based streets can be renamed after deserving national and state leaders," K Suresh, councillor, ward 23 said. A handful of streets also bear demeaning names referring to liquor, drainage and crematorium, much to the embarrassment of residents. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 오스템 임플란트 받아가세요 임플란터 더 알아보기 Undo "There is one Keela Saarayapattarai (reference to liquor sold) street in Woraiyur. Youths while applying for jobs and interviews feel uncomfortable mentioning their address. Same is the case with youths from streets carrying caste identities," P Lenin, district president, DYFI, said. Drainage street and Sudukadu (cremation ground) road in Srirangam are among names that do not go well with locals. "Renaming caste-based names into neutral names is a welcome move, but it should not just be a cosmetic change," justice K Chandru, former judge of Madras high court, said. Recently, Trichy corporation renamed four roads and streets after Kargil war martyr Major Saravanan, late nadaswaram artist Dr Sheik Chinna Moulana, and late poet and writer Nandalala. However, the previous names of the roads and streets were caste neutral too. "We will prepare a list of caste-based street names and send it to the municipal administration department to get their approval. The council shall pass a resolution for name changes in consultation with the municipal administration minister and senior officials," mayor Mu Anbalagan told TOI. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
New Indian Express
06-05-2025
- Business
- New Indian Express
Contract education staff face renewal disparity in Andhra Pradesh
VIJAYAWADA: Thousands of contract employees in the Education Department, including teachers and lecturers in government Intermediate, Degree, Polytechnic colleges, and Kasturba Gandhi Balika Vidyalayas (KGBVs), are voicing concern over being denied full 12-month service renewals, even as other departments continue to issue annual contracts. Currently, academic staff are receiving only 10 or 11-month contracts, excluding May, despite having previously been paid honorariums for all 12 months. The move has caused widespread anxiety among the staff and their families, with many demanding immediate redressal. Contract Junior Lecturers, who are among the worst affected, have written to CM N Chandrababu Naidu, urging the restoration of the 12-month honorarium paid consistently between 2019 and 2023. They cite that even during the previous YSRCP regime, the practice continued, with a 10-day formal break included. 'From 2019 to 2023, we received payments for all 12 months based on a decision by a Group of Ministers chaired by the then Finance Minister. The current Finance Secretary, who was part of that decision, publicly endorsed the arrangement at the time,' said K Suresh, Chairman of the Contract Lecturers Joint Action Committee (JAC). He stressed that lecturers remain actively engaged in academic duties, including remedial classes, admission campaigns, and preparations for supplementary exams during May. 'Despite our ongoing contribution, the Finance Department has cleared only 11 months of payment for the 2025–26 academic year, leaving out May 2024,' he said. JAC Co-Chairman Kalluri Srinivas criticised the decision as arbitrary and demoralising. 'The Director of Intermediate Education had already submitted our work report recommending the May honorarium. The School Education Secretary approved it in January this year. But the Finance Department returned the proposal, citing financial implications. This is unjust — how can you say 'no work, no pay' when we're still performing official duties?' He said even the Education Minister has endorsed the proposal and a Government Order (GO) is reportedly ready. 'We are only asking for continuity of an already established practice,' he said. On Monday, union leaders met HRD Minister N Lokesh, who assured them that the matter would be taken up with senior officials, including the Principal Secretary and Director of Intermediate Education. School Education Secretary Kona Sasidhar told TNIE, 'We are requesting the Finance Department to reconsider. We are hopeful of resolving the issue soon.'
