SEBI chief: ASBA-like facility for secondary markets will be optional for brokers and investors

The Securities and Exchange Board of India (SEBI) on March 29 gave its nod for the Application Supported By Blocked Amount (ASBA) facility for the secondary market. "At this stage, it will be optional for brokers and investors to offer and avail of this," SEBI Chairperson Madhabi Puri Buch said, while addressing the press after the board meeting of the market regulator. Read more here. 

Take a look at these key events

Today

• Bank Holiday on Ram Navami on March 30


• Rain likely on March 30 and 31 in Delhi


• Hyundai Sonata 2023 global launch on March 30

• BMC announces 15% water cut for a month starting today


• RBI to provide Rs 5,000 crore liquidity facility for standalone primary dealers


• VITEEE 2023 registration ends

SEBI reimagines MF sponsor and trustee role and brings cheer to debt funds

The Securities and Exchange Board of India (SEBI) on March 29 said it has allowed private equity (PE) funds to sponsor Mutual Fund schemes, and has also permitted the set-up of self-sponsored asset management companies (AMCs). The decisions were taken at the SEBI board meeting on March 29, where the regulator gave its nod to key overhauls. Read more here.

Fate of EV incentives uncertain as sales fall short, subsidy allegedly misused

As the government’s incentive scheme to promote the sale of electric vehicles enters its penultimate year, falling well short of the targets it sought to achieve, two parliamentary panels have called for an extension of the benefits even as the ministry appears reluctant to do so. Read more here. 

COVID-19: WHO revises its vaccine advisory — All You Need to Know

The World Health Organisation (WHO) in a statement on March 28 said, its Strategic Advisory Group of Experts on Immunization (SAGE) has revised the roadmap for prioritising the use of COVID-19 vaccines, to reflect the impact of Omicron and high-level population immunity due to infections and vaccination. Read more here.

In the AI age, expect new trends in demand for land, labour and energy

The long list of things artificial intelligence will revolutionise includes, in roughly descending order of importance, childhood, democracy, the internet, chess and how to decide where to go on vacation. Today I would like to write about an area that cuts close to home: economic policy. Read more here. 

Tribute: Vivan Sundaram pushed the limits of art and artists he mentored

Sundaram was always engaging with ideas and ideologies on common platforms, adding an intellectual and aesthetic layer to social causes so that art spoke louder for a better world. He did that as an artist, art teacher, organiser of cultural events and a member of the audience at talks and shows like Enwezor's. Read more here.