Day: October 23, 2026

The Bond who came back from the dead: The risky world of AT1 bonds

Read more at:https://economictimes.indiatimes.com/industry/banking/finance/banking/yes-bank-bonds-sale-case-supreme-court-ruling-the-bond-who-came-back-from-the-dead-the-risky-world-of-at1-bonds/articleshow/135140632.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst Yes Bank’s Additional Tier-1 (AT1) bonds have returned from the dead, but their investors are still waiting to see their money. Nearly

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*Brother refused to give sister her share; Bombay HC upholds her 1/3 property right after mother gave her share to son

Read more at:https://economictimes.indiatimes.com/wealth/legal/will/brother-refused-to-give-sister-her-share-bombay-hc-upholds-her-1/3-property-right-after-mother-gave-her-share-to-son/articleshow/135139484.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst The Bombay High Court recently came to the rescue of a sister by safeguarding her portion of the family ancestral property, even

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*******स्टेट बँकेवर झालेल्या सायबर हल्ल्याच्या पार्श्वभूमीवर महाराष्ट्र टाइम्सने सोबत जोडलेला अग्रलेख लिहिला आहे आणि विचारणा केली आहे की ”  बॅंकेला केंद्रीय माहिती व तंत्रज्ञान खात्यांतर्गतच्या इंडिअन कॉम्प्युटर इमर्जन्सी रिस्पॉन्स टीमने केवळ पाचच दिवसापूर्वी अशा हल्ल्याचा इशारा दिला असताना स्टेट बँकेने त्याबाबत काही उपाय केले होते का हा प्रश्न ही विचारायला हवा ” —

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*******As a novice, I understood only two things–that this article points out [1] When you open your bank’s website, your browser needs to be sure it is talking to the bank and not to someone in the middle- It checks a certificate [2] Article conclides –Nobody attacked eMudra. It handed the keys out itself and, the people whose job it was to notice didn’t and that it should scare us more than the hacker  would — Article Courtesy BusinessLine

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*******[1]Rather than Rupee Vs Dollar level, what should matter now is precious reserves [2] Foreign capital supplements domestic savings [3] Howver, India has not been to attract and retain enough foreign capital [4] Why India has not been able to do so — is an issue [a] First increasing investments in AI and related areas is absorbing capital from around the world–Since India is not in the AI play in any significant manner, it is unable to draw foreign flows [a1] The AI boom is also one of the reasons Indian stock markets have underperformed and are witnessing outflows of foreign funds [b] higher bond yields in the developed world are affecting flows.– [5] The world is changing structurally, and India needs to adjust. The playbook on both the current and capital accounts is well known. Leaving the adjustment reluctantly to the currency market alone could become painful beyond a point– Courtesy BS

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*******In FY24-25, LTCG collections on equities and related investments garnered approximately Rs.1.29 lac crores–thus resultant fiscal costs could be prohibitive [2] As it is–effective tax burden on distributed corporate profits is as high as 52.04%–comared to LTCG 14.76%–Scrapping LTCG will widen this gap further [3] Potential revenue loss would be two fold– the direct loss from abolishing the LTCG tax and a possible further decline in corporate income tax collections as the bias against profitability grows [4] Worse-the market may not recover even after LTCG is scrapped–loss of revenue would however be permanent– Courtesy BL

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