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News digest: Budget 2018, stressed assets, core sector growth, and more

From Sebi to Budget 2018, BS brings you top stories to keep with the latest news

BS Web Team 

News digest: Budget 2018, stressed assets, core sector growth, and more

Sebi agrees to transfer Rs 16.7 billion of surplus funds to government

Capital markets regulator, the Securities and Exchange Board of India (Sebi), has agreed to transfer Rs 16.7 billion of its surplus funds to the government. The Centre has been eyeing these resources, which would enable it to reduce the fiscal deficit. Read more

Insolvency: Bidders may not be able to sell for 5 years

Bidders for assets of companies undergoing proceedings face up to a five-year lock-in for the shares they acquire. Lending banks are insisting on this to deter sales of the assets by the new promoter at a profit within months of the takeover. Read more

chairman defends 94% haircut for stressed firm

The and Bankruptcy Board of India (IBBI) Chairman defended the large haircut lenders had to take in the case of Synergies Dooray. He said that was the best option. Lenders took a haircut of 94 per cent, stirring a controversy. Read more

Ahead of Budget 2018, growth slows to 5-month low of 4% in Dec

The country's output from eight core sectors rose four per cent in December, slowing from the much larger growth of 7.4 per cent in November. Read more

Budget 2018: Jaitley may deliver significant portions of speech in Hindi

In a break from tradition, Minister is likely to deliver significant portions of his Budget speech on Thursday, particularly those related to the farm sector, in Hindi.

In his previous four Budgets, the FM, who is adept at speaking in both English and Hindi, has been known to intersperse his mostly English speech with Hindi and Urdu couplets and explanatory observations. Read more

First Published: Thu, February 01 2018. 03:01 IST