Category: Business

Derivatives segment: SEBI launches new framework for intra-day margin calculation

Capital market regulator SEBI on Tuesday issued a framework for calculating the margin requirements to be considered for intra-day snapshots in the derivatives segment.

The new structure will take effect from August 1, the Securities and Exchange Board of India (SEBI) said in a circular.

“It has been decided that the margin requirements considered for intra-day snapshots in the derivatives segment (including product derivatives) will be calculated based on specific Beginning of the Day (BOD) margin parameters,” the regulator said.

This decision is based on representations from market participants and discussions with various stakeholders.

The BOD margin parameter will include all span margin parameters as well as Extreme Loss Margin (ELM) requirements.

SEBI has clarified that the change is only for verification of advance collection of margin from clients.

There will be no change in the client’s End of Day (EOD) margin obligation and collection procedure.

Also, there will be no change in the provisions regarding margin collection and reporting in the cash segment.

The margin parameters applicable for collection of margin obligations by clearing corporations will continue to be updated intra-day as per the circular.

In July 2020, SEBI introduced a framework that required clearing corporations to send snapshots of client-based margin requirements to trading members or to know the intra-day margin requirements per client in each segment of clearing members.

4 smart tax steps to maximize investment returns

As Benjamin Franklin rightly said – “Only two things are certain in life: death and taxes.” The first is unavoidable, but we can try to reduce the tax burden and increase investment returns.

Tax plan at the beginning of FY

This is the first and foremost smart move that anyone can make the highest return on their investment.

Anup Bansal, Chief Investment Officer, Scripbox, said, “Tax planning is an important aspect of return protection. If you’re planning on investing in tax-saving instruments like PPF and ELSS, it’s best to do so early in the year to give it more time to grow. ”

If your situation changes, such as a rental agreement change (HRA), consider them and notify your employer for the correct TDS.

Invest in the name of your parents and spouse

To avoid income clubbing, you can try investing in the name of your parents, even your grandparents and spouses who may be in low tax brackets.

Bonsal explains, “If one of your parents is over 65 years of age and has no investment, you can invest in their name to get tax-free interest. Every adult over the age of 60 is already entitled to a Baseline Discount of Rs. 3 lakhs

In addition, if you want to take the help of a grandparent who is over 80 years of age, the discount is more than Rs 5 lakh.

Invest in your kids name

After all, your kids can help you save taxes, much like your parents, but only if your child is an adult, that is, over 18 years old.

Upon reaching adulthood, a child is considered a separate person for tax purposes and will even be eligible to open a demat account and invest in stocks and mutual funds, including money donated by you.

“Long-term capital gains up to Rs 1 lakh per annum will be tax-free, while short-term capital gains up to Rs 2.5 lakh per annum will be tax-free,” Bansal said.

NPS is a good option

With low annual rates in India and the scary thinking of keeping your retirement money away for a long time, experts say NPS is considered an attractive investment option.

Bonsal added, “The reform of the NPS withdrawal regulation has done the opposite, making the pension scheme more attractive in their 50s.” The new rules open up a number of different tax-saving options for investors. ”

bjp: EC announces elections for 7 upper house seats in Karnataka: BJP will win higher

On Tuesday, the Election Commission announced the schedule for next month’s seven vacant seats in the Legislative Assembly.

Former Deputy Chief Minister Laxman Savadi and senior member Lahar Singh Siroya are retiring from the BJP. Two JD (S) and three Congress members are also leaving.

The EC has declared June 3 as polling day where legislators are voters.

The Karnataka Legislative Assembly has 225 members, including one nominee. The ruling BJP has 119 members, the opposition Congress 69 and the JD (S) 32. The 75-member legislature, also known as the upper house, has 37 members from the BJP, 26 from the Congress and 10 from the JD (S). These numbers are exclusive to the Speaker of the Legislative Assembly and the Chairman of the Council.

The BJP is hopeful of winning four seats, one each from the Congress and the JD (S), which will give the party a top spot in the council. In a separate development, Legislative Council Chairman Basavaraj Horatti, a JD (S) veteran, has also announced his decision to leave the party and join the BJP. Horatti, a veteran elected member from the teacher constituency, met Union Home Minister Amit Shah in Bangalore on May 3, the day before his official joining the BJP. He plans to run as a BJP candidate from his constituency, which has not yet been announced.

For Chief Minister Basavaraj Bomai, the outcome of the June 3 election will not mean much politically, but there will be an edge in advancing his party’s reform program or bills related to his ideology. He could look forward to a comfortable passage of the bills as the BJP’s lack of a majority in the upper house blocked some controversial bills that were close to the party’s ideology, such as the anti-cow slaughter law. It had to bank on JD (S) support in exchange for a political deal to push the land reform bill.

“The point of discussion here is not the BJP, but who they will nominate,” said a political analyst. There is also speculation that BY Vijayendra, son of veteran BJP leader BS Yeddyurappa, may get a seat and the party may include him as a minister to keep the former chief minister in good humor.

At another level, the BJP and the Chief Minister can use the opportunity of council elections to indulge one or two key power aspirants in the party with tickets and make them MLCs. The BJP may choose a completely new face to replace Savadi and Lahar Singh, sources said.

Alternative retail tech start-up raises ₹ 10 million in NutriTap pre-series A round

Gurgaon-based retail tech start-up NutriTap Technologies raised ₹ 100 million in a pre-series funding round that saw the participation of several well-known investors, including Venture Catalyst, LetsVenture, IK Capital and Alicia Fintech. Valuable person from retail industry.

Founded in 2018 by IIT Kharagpur alumni Rajesh Kumar and Priyank Tewari, NutriTap creates alternative retail channels – through smart retail kiosks – to direct brands to direct-customer (D2C) retail. Currently, NutriTap operates more than 250 smart retail kiosks located across various metro cities.

“In India, kiosk-based retailers are beginning to be adopted as an alternative mode. To ensure that customers get the right retailer solution, you need to have the right technology to do it, ”says Kumar.

“At NutriTap, we’re building technology to address this alternative channel market, which includes $ 10 billion in factories, residential apartments, hostels, co-working spaces and more,” he added.

The funds raised in the round will be used to ramp up the enterprise’s in-house technology, invest in research and development, and increase its presence in sectors and cities.

“Although traditionally, alternatives were associated with kiosk-based retail vending machines and were very limited in the corporate snacking or residential grocery segment, we believe that our technology is able to meet and bring in the larger FMCG retail market. D2C flavors for brands across multiple categories, ”said co-founder Tewari.

The start-up aims to enable smart retail in 800 locations in the next one year and more than 2,500 locations across India’s top metro cities in the next two years.

Inflation is likely to accelerate to an 18-month high in April: Reuters poll

India’s retail inflation rose to an 18-month high in April, mainly due to rising fuel and food prices and for the fourth consecutive month above the Reserve Bank of India’s high tolerance threshold, according to a Reuters survey. The jump was long overdue after the Indian government decided to wait until after the main state elections in March to raise fuel prices. Global fuel prices have risen since Russia’s invasion of Ukraine in late February.

Food inflation, which accounted for nearly half of the consumer price index (CPI) basket, reached a multi-month high in March and is expected to remain high due to higher global vegetable and cooking oil prices. These factors probably pushed inflation in Asia’s third-largest economy to 7.5% year-on-year in April, from 6.95% in March, according to a Reuters poll of 45 economists on May 5-9.

If realized, it would be the highest inflation rate since October 2020 and above the RBI’s upper 6% limit. Forecasts for the data, due to be published on 12 May 1200 GMT, are between 7.0% and 7.85%.

“CPI inflation seems to have risen further in April on the back of higher food and fuel prices. Most of the effects of the recent fuel price hike will be felt in April, ”said Shilan Shah, senior Indian economist at Capital Economics. “We would not be surprised if core inflation also rises. The risk is that sustained higher inflation raises inflation expectations, which in turn pushes core inflation further. “

To make matters worse, local oil prices, India’s largest importer, have also been under upward pressure since the rupee fell nearly 4% this year, the currency hit a record Monday. Wholesale inflation was forecast at 14.48%, continuing its double-digit trend for one year.

The higher price outlook has pushed the RBI – which has recently shifted its focus from price growth to price stability – to raise its repo rate for the first time since 2018, raising it by 40 basis points to 4.40% at a surprisingly unscheduled meeting last week. The move comes just days before the US Federal Reserve’s 50 basis point rate hike.

“Inflation may be above the RBI’s target band for three consecutive quarters, marking the first official ‘failure’ of the financial structure,” said Rahul Bajoria, chief Indian economist at Barclays.

Tajinder Pal Singh Bagga: Arrest of BJP leader Tajinder Pal Singh Baggar suspended

Following the withdrawal of BJP leader Tajinder Pal Singh Bagga, the Punjab and Haryana High Court on Tuesday stayed his arrest till July 6 on charges of making provocative statements, promoting hostility and criminal intimidation. No coercive action will be taken against Baggar till July 6 when the case comes up for the next hearing, Additional Solicitor General Satya Pal, appearing for the Delhi Police, said after the Jain court hearing.

“During this period (till July 6), the investigation will continue, but if Baggar’s statement (Punjab Police) is to be recorded, it will be done in the presence of his lawyer at his (Delhi) residence …,” he noted. Justice Anup Chitkara passed the order.

On Saturday, the High Court directed that no coercive action be taken against the Delhi BJP leader as he had sought stay of the arrest warrant issued by the Mohali court earlier in the day.

Mohali Judicial Magistrate Rabtesh Inderjit Singh’s court last month issued an arrest warrant against Baggar in a registered case.

Punjab police have filed a case against Bagga on charges of making provocative statements, promoting hostility and intimidation. The case has been registered on the basis of allegations made by Mohali-based AAP leader Sunny Ahluwalia.

The FIR, filed on April 1, referred to Baggar’s remarks on March 30, when he was part of a BJP youth wing protest outside the Delhi chief minister’s residence.


Bagga was arrested by Punjab police from his Delhi home last Friday, stopped in Haryana while being taken to Punjab, and was returned to the national capital by Delhi police a few hours later.