Latest news with #CII-organised
New Indian Express
17-07-2025
- Business
- New Indian Express
Amid concerns over rising volumes of short-term futures & options contracts, SEBI hints at extending their tenure
MUMBAI: Flagging concerns over the rising volumes in short-term futures & options (F&O) contracts, Sebi whole-time member Ananth Narayan G, who wrote the interim order that banned the US algo trader Jane Street earlier this month, said the regulator is looking at improving the quality of the F&O market "by extending the tenure and maturity of the products and solutions on offer". "As many experts have pointed out, our derivative market ecosystem is quite unique, in that on expiry days, comparable turnover in index options are often 350 times or more the turnover in the underlying cash market-–an imbalance that is obviously unhealthy, with several potential adverse consequences," he said in a speech to a CII-organised capital markets meet in Kolkata on Thursday. Explaining his concerns further, Narayan, who joined Sebi from the private sector, said, "Research has suggested that expiry day option trading increases market volatility and could lead to noise trading that may potentially undermine confidence in price formation. Unlike longer term derivatives, short-term derivative products such as expiry day trading in index options may detract from capital formation.' He also spoke about the need to deepen the cash equities markets. "We must look for further ways to further deepen our cash equities markets, even as we look to improve the quality of our derivatives market by extending the tenure and maturity of the products and solutions on offer," he said. Sebi's own research shows that as much as 91% of individual traders incurred net losses trading in F&O in FY25, with their aggregate losses crossing Rs 1 trillion, up 41% from the losses in FY24 when 93% of them lost their money, according to a previous Sebi study released in last September. This led to Sebi clamping down on F&O trade by increasing the ticket size and the upfront margins and limiting the index expiries to once a week among others.
Time of India
22-06-2025
- Business
- Time of India
Urban challenge fund to focus on revitalising core areas of cities
Danny generated AI Image NEW DELHI: The next phase of central assistance (seed funding) for states to take up transformative projects under the Rs 1 lakh crore Urban Challenge Fund (UCF) will focus more on revitalising core areas of cities and fixing legacy infrastructure gaps, such as bad drainage, sanitation and polluted water bodies. Officials said the focus of this funding will be on projects that have a transformative impact. Centre will provide such financial aids to 500-1,000 small cities as well to take up projects, they said. The housing and urban affairs ministry has finalised the UCF scheme and it is likely to be launched soon, sources said. TOI on Jan 13 had reported that PM Narendra Modi has directed ministry officials to focus more on creating facilities, amenities and better transportation network in those areas of cities which naturally attract people and businesses, rather than developing new cities. Following the PM's direction, more thrust is now on having a better framework for transit-oriented development (TOD) for cities to push intensive and planned growth along transportation networks, the sources said. Speaking at a CII-organised conference, additional secretary in the ministry, D Thara, said, "In UCF, we are looking at revitalisation of cities and fixing of legacy infrastructure as a primary goal. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Memperdagangkan CFD Emas dengan salah satu spread terendah? IC Markets Mendaftar Undo We are not in a hurry to fund. We are clear that these projects should bring huge transformation and big impact. It can't be unfixing small things here and there. The project could be of any size but it has to be make a lot of difference to citizens. " The focus is not about building afresh but about fixing what already exists, she added. Officials said under UCF, govt is also likely to provide seed fund for developing new greenfield areas, with good rail connectivity, as future cities. In her Budget speech, finance minister Nirmala Sitharaman had announced the seting up of UCF to implement proposals for 'Cities as Growth Hubs', 'Creative Redevelopment of Cities' and 'Water and Sanitation'.
