India's market regulator, Sebi, has tasked an expert group with discussing seven proposals aimed at safeguarding investors from risks related to stock market indices. This comes after a report highlighted that Indian consumers prioritize ingredient lists and nutritional value when making purchases. In the same vein, the Indian Overseas Bank has announced new features for its savings accounts, including a 'SB Smart' scheme for improved investment tracking.
India's SEBI Forms Expert Group to Assess Stock Market Index Risks
The Securities and Exchange Board of India (SEBI) has appointed an expert group to evaluate seven proposals concerning the protection of investors from stock market index risks. This action follows a report emphasizing Indian consumers' focus on ingredient lists and nutritional value in their purchasing decisions.
Proposals Under Consideration
The seven proposals under discussion include:
SEBI's Motivation
SEBI's move stems from concerns about the potential risks associated with stock market indices, particularly in the context of passive investing and the growing popularity of index-linked products. The regulator aims to strike a balance between investor protection and market development.
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Top 5 FAQs
1. What is an index risk? An index risk refers to the potential for an investment linked to a stock market index to experience losses due to changes in the underlying index.
2. Why is SEBI forming an expert group? SEBI aims to assess the risks associated with stock market indices and develop measures to protect investors from potential losses.
3. What are some of the proposals being considered? Proposals include increasing transparency, regulating index-linked products, and enhancing investor awareness about index risks.
4. What is the role of the Indian Overseas Bank's new savings account features? The new 'SB Smart' scheme offers improved investment tracking capabilities, enabling customers to monitor their investments more effectively.
5. What is the significance of Indian consumers prioritizing ingredient lists and nutritional value? This finding suggests that Indian consumers are becoming more health-conscious and value the quality of products they consume.
Prime Minister Narendra Modi released the 18th installment of PM Kisan Yojana during his visit to Maharashtra, with more than 9.4 crore farmers benefiting from over Rs 20,000 crore. This brings the total amount disbursed through the PM Kisan scheme to nearly Rs 32,000 crore for 1.20 crore farmers in Maharashtra alone. Additionally, the Prime Minister also announced the release of nearly Rs 2,000 crore for Maharashtra's farmers under the Namo Shetkari Mahasanman Nidhi Yojana. Farmers facing issues with the scheme can contact the PM Kisan helpline numbers for assistance, while staying updated on the latest business and stock market news on Zee Business's social media platforms and website.
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Indian Bank has recently released the admit card for the online exam for the post of Local Bank Officer (LBO) on their official website indianbank.in. Candidates can now download their admit cards by following a few steps and entering their registration number and date of birth. This update is crucial for aspiring candidates looking for latest government jobs and exam preparation materials, which are available on the Jagran Josh Sarkari Naukri App.
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Zee Business Managing Editor Anil Singhvi predicts that the Nifty50 index will receive support at 25,000-25,150 levels and may see a strong buy zone at 24,750-24,925 levels on Friday. Similarly, for Nifty Bank, he expects support at 51,125-51,275 levels and a strong buy zone at 50,375-50,575 levels. However, global sentiment remains negative, while FII and Nifty put-call ratio show a decline in long positions and a neutral trend, respectively. On the other hand, DII and Nifty Bank PCR suggest a positive sentiment.