For years now, faith in the integrity of India's markets has hemorrhaged, with everyone putting own commercial interests above — and often against — those of investors.
Franklin Templeton shut six of its fixed-income and credit-risk funds run in India in April, locking in Rs 308 billion of investor monies following a liquidity crisis.
The hurdles facing India’s biggest-ever forced fund closure means about 300,000 unitholders may have to wait longer to recoup the money invested in the six frozen funds.
The company's India unit had shut six debt schemes last month in the country’s biggest-ever fund freeze, which triggered shock waves in local credit markets.
India’s situation is contrary to global markets where junk bond sales are thriving after monetary authorities said they would buy such securities directly.
The challenge is no longer one of policy intent — the blueprint for a world-class ECCE system exists within the NEP 2020. The task now is implementation fidelity.
Fears that an escalation of the conflict could heighten a fuel squeeze & endanger the economy unnerved traders, with NYT reporting Iran stopped negotiating a truce with the US.
China patiently invested capital, skill and technology in coal gasification. Unlike it, we won’t move from words to action. As crude prices decline, we lose interest.
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