More staff also revealed

President Trump said he had watched the video of Ahmaud Arbery being shot and found it “heartbreaking,” but he has confidence in the Georgia legal system.

Shah Rukh Khan recently announced several initiatives towards coronavirus relief to support the efforts of Prime Minister Narendra Modi, Maharashtra Chief Minister Uddhav Thackeray and the state and central governments in their fight against COVID-19. The actor has also gone a step ahead and offered his four-storey personal office to help the BMC expand their quarantine capacity, which is equipped with essentials for quarantined children, women and the elderly.

Recently, his wife Gauri Khan took to Instagram to share a glimpse of their office, which has now been converted into a quarantine facility. In the video, we can see how the private office space has been transformed into quarantine quarters. The work has been completed by Gauri's firm Gauri Khan Designs in collaboration with Meer Foundation. The video gives a glimpse into the office which is now equipped with beds placed at a safe distance from each other.

"#GauriKhanDesign‘s refurbished this office ...a quarantine zone providing essentials and services to those in need. We must stand together and stand strong in this fight against #Covid19. @meerfoundationofficial @iamsrk (sic)", wrote Gauri while sharing a video, originally shared by the Meer Foundation.

"Making space for each other. #MeerFoundation has effectively transformed the 4-storey private office building, offered by @gaurikhan and @iamsrk, into quarantine quarters under @my_bmc's guidance. In this fight, we stand together stronger than ever before," read a post on the Instagram handle of Meer Foundation.

 

 

 

View this post on Instagram

#GauriKhanDesign‘s refurbished this office ...a quarantine zone providing essentials and services to those in need. We must stand together and stand strong in this fight against #Covid19. @meerfoundationofficial @iamsrk #Repost @meerfoundationofficial ・・・ Making space for each other. #MeerFoundation has effectively transformed the 4-storey private office building, offered by @gaurikhan and @iamsrk, into quarantine quarters under @my_bmc's guidance. In this fight, we stand together stronger than ever before.

A post shared by Gauri Khan (@gaurikhan) onApr 22, 2020 at 4:10am PDT

Apart from converting his office into a quarantine facility, Shah Rukh Khan has extended a lot of support with his group of companies. From government funds to 50,000 PPE kits, food requirements of 5,500 Mumbai families, 2,000 cooked meals to hospitals, three lakh meal kits for 10,000 people, grocery for 2,500 daily wage workers in Delhi and 100 acid attack survivors, his range of initiatives aim to spread across many segments of the society.

Several other Bollywood celebrities, too, have supported the government in their own way. Many of them, including Saif Ali Khan-Kareena Kapoor Khan, Katrina Kaif, Sara Ali Khan, Ranveer Singh-Deepika Padukone, Salman Khan, Akshay Kumar, and others, have pledged their contribution to the PM-CARES Fund.

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Glass containers in which Arora has collected soil from different parts of Aarey. PICS/ABIGAIL D’Souza 

A conversation with artist Vikram Arora throws up a vital piece of insight into the issue of deforestation at Aarey Colony. Arora, along with four artists from Hong Kong and a Serbian national based in Mumbai, is spending a few days living with locals in the city’s jeopardised green cover, and he tells us, “The tribals here have a family that doesn’t include only the people they live with. It includes the trees they planted, the animals and birds that depend on those trees, the leopards around them and so on. So everything is inter-dependent, and the fallout [of deforestation] is ecological in nature, because the birds don’t have those trees any more. And the leopards will confront humans because their habitat has been taken away.”

This is the issue that forms the backbone of a project called Forest Tales: Mysteries Hidden in Concrete. It involves the six people creating individual works of art based on their experience of living in the heart of Aarey Colony, immersing themselves in the local culture by tilling the soil that nurtures the food that their hosts cook for them.

Chim Chi Ho tilling soil

Arora tells us that one of his projects, for instance, requires him to collect 33 types of soil from different parts of Aarey, symbolic of the 33 hectares of land in the area that is lost to the demands of construction work for the disputed Metro project. “I will put these bits of soil into 33 different containers on which I will draw Warli art, a traditional tribal style. The idea is to archive the memory of the soil in case that land is also taken away in the future. I will present the different glass containers as an installation to show how, if we proceed without long-term planning, we will end up building a fragile future for ourselves,” he says.

The other project he has embarked on is called Cut Me a Slice of That. For it, he will bake a pie inspired by savelya, a local sweet dish made with coconut and jaggery, which his host taught him to make. He will then serve that pie cut into different pieces when the various works of art are showcased to the public at an event later this week. “It’s meant to reflect the sentiment of how the land grab is taking place, piece by piece. For example, every time there is an emergency in the city, the NSG commandos are given a space in Aarey. A veterinary college is also given space here if they want it. Now the Metro wants its chunk too for the car shed. So, they keep taking this land away piece by piece, through rampant deforestation,” he explains.

(From left) Michael Leung, Vikram Arora, Gum Cheng, Yip Kai Chun and Chim Chi Ho, the artists living in Aarey. Katarina Rasic is not in the photo

Arora adds, however, that not everyone in the local community is against displacement. A few padas (settlement clusters), he says, are happy because they think they will get a house in a tower, though they eventually might never get to reach this carrot being dangled before them. “They are driven by economic sensibilities, thinking they will be moving into high society when, and if, they get those houses. But the whole idea is not only about them shifting base. Instead, it’s about the trees that are being cut to facilitate that process,” he says, pointing out how unless this urbanisation challenge is managed in a sensitive manner, ecological concerns are bound to be sacrificed at the altar of rampant concretisation.

Vikram Arora

ON May 20 AT Keltipada, Adivasi Pada, Unit no 18, Aarey Milk Colony, Goregaon East.
LOG ON TO artoxygen.org

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A nagging defect in his superbike allegedly led to the death of biker Zoheb Merchant, 28, on Sunday morning. The Virar resident was on his way home after a joyride with his biker gang, when the front brake of his MV Agusta F3 800 jammed at Manor, throwing him off in another direction. This was the third time his superbike had malfunctioned since he bought it.

Merchant is survived by his parents, three brothers, wife and a six-year-old son. He was the eldest in the family and had a business selling firecrackers. The incident occurred on Sunday morning when Merchant and his group of 15-18 bikers had gone on their usual Sunday ride from Virar to Dahanu. When they were on their way back, the front brake of Merchant's bike allegedly jammed, leading him to lose control of the bike and ram into a divider.

Front brake of Merchant's bike allegedly jammed, leading him to lose control of bike and ram into divider.

One of his friends said, "We have a bikers' group and every Sunday morning, we ride the bike while following proper safety and traffic norms. Whatever happened came as a huge shock to us. Suddenly, some defect occurred in his bike, jamming the brake of the front tyre disc, which then led to him losing control of the bike and falling on the road." Third time Since they were riding at full speed, the impact of the malfunction became such that he was thrown off the bike in another direction. His vehicle, meanwhile, fell near the direction of the Ahmedabad-Mumbai National Highway.

Merchant's bike is manufactured by the Italian motorcycle maker MV Agusta, and retails for around R 20 lakh. According to his friends, since he bought it, he'd faced the same defect twice, which is an electric malfunction that jams the front tyre disc. He'd got it fixed and extended the vehicle's warranty till March 2019. He'd also written a Facebook post about the earlier issues he faced. However, the same defect occurred a third time, leading to his death.

Cause of death not known Another friend said, " We managed to bring an ambulance to the spot and took him to a government hospital on the highway, where he was declared dead on arrival. Looking at his body, doctors were shocked at not finding any external injuries." He had minor injuries on his head due to the impact of the fall. The cause of death has not been revealed as the post-mortem report is yet to be released. His friends suspect he died of internal bleeding.

This is the third time the MV Agusta 800 had allegedly malfunctioned.

While the case had initially been registered at the Virar police station, the matter has been transferred to the Manor police station as the incident occurred in their jurisdiction.

An officer from Virar police station said, "We have registered a case under section 304( a) ( death by negligence) of the Indian Penal Code and various sections of the Motor Vehicles Act against unidentified accused." Motoroyale, the dealer from whom Merchant bought the bike, couldn't be reached for comment.

18 No. of bikers in Zoheb's group

3 No. of times his bike glitched

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A prolonged lockdown may possibly push millions of Indians into the "margins of subsistence", former RBI Governor Duvvuri Subbarao said on Sunday while expecting a 'V' curved recovery once the COVID-19 crisis ends and the turnaround in India to be faster than some economies.

He was participating in a webinar on 'History repeats but differently – Lessons for the post Corona World', organised by the Manthan Foundation, in which former deputy governor of RBI, Usha Thorat took part.

"Because most analysts believe that this year India will actually have negative growth or growth will contract. We must remember that even ahead of the crisis two months ago our growth slowed. Now it has completely stopped. Last year growth was five per cent. Just imagine, five per cent growth last year and we are going to negative or zero growth this year, a decline of five per cent growth," he said. "It is true that India is going to perform in this crisis better than most other countries. But that is no consolation.... Because we are a very poor country and if the crisis persists and if the lockdown is not lifted soon enough, it is quite possible that millions of people will be pushed into the margins of subsistence, he said when asked about his views on the present situation.

Subbarao said that as predicted by analysts, India will have a V shaped recovery which is far better than most of the other countries. "And why do we expect a 'V' shaped recovery? Because unlike in a cyclone or in an earthquake, this is not a natural disaster constraint. No capital has been destroyed. Factories are standing. Our shops are still standing. Our people are ready to work as soon as the lockdown is lifted. So it is quite possible the recovery will be V shaped and while we have a V shaped recovery, I think India has a better chance than most of the countries," he opined.

According to him, India's recovery was faster than many other countries after the 2008 global financial crisis. On IMF's prediction that India may grow at 1.9 per cent during the current year against about five per cent in the last fiscal, Subbarao said many analysts feel that the
prediction is outdated and the growth in GDP may slip into negative. Agencies

826
Total no. of deaths due to the virus in India

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This story has been sourced from a third party syndicated feed, agencies. Mid-day accepts no responsibility or liability for its dependability, trustworthiness, reliability and data of the text. Mid-day management/mid-day.com reserves the sole right to alter, delete or remove (without notice) the content in its absolute discretion for any reason whatsoever

A gas leak in Andhra Pradesh’s Vizag district in the wee hours of Thursday has left eight people, including a child and over 120 people hospitalized. According to ANI, Styrene gas leakage had occurred at the LG Polymers industry in RR Venkatapuram village in Vizag early this morning.

Residents in the area complained of irritation in eyes, breathlessness, nausea and rashes on their bodies following the gas leak. Teams of the National Disaster Response Force (NDRF) have rushed to the spot and reports say that the gas leak has been contained.

Many politicians have taken to Twitter to condemn the incident and are urging their local party members to provide help to people who have been affected by the gas leak. Prime Minister Narendra Modi tweeted saying that he monitoring the situation in Vizag closely and is praying for the wellbeing of the people.

Spoke to officials of MHA and NDMA regarding the situation in Visakhapatnam, which is being monitored closely.

I pray for everyone’s safety and well-being in Visakhapatnam.

— Narendra Modi (@narendramodi) May 7, 2020

President Ram Nath Kovind offered his condolence to the victims of the gas leak and said that he is saddened by the incident.

Saddened by the news of gas leak in a plant near Visakhapatnam which has claimed several lives. My condolences to the families of the victims. I pray for the recovery of the injured and the safety of all.

— President of India (@rashtrapatibhvn) May 7, 2020

Congress leader Rahul Gandhi expressed shock over the gas leak incident in Visakhapatnam and prayed for the speedy recovery of those hospitalised. He also urged Congress workers in the area to provide all necessary support to those affected by the gas leak.

I’m shocked to hear about the
#VizagGasLeak . I urge our Congress workers & leaders in the area to provide all necessary support & assistance to those affected. My condolences to the families of those who have perished. I pray that those hospitalised make a speedy recovery.

— Rahul Gandhi (@RahulGandhi) May 7, 2020

Union Home Minister Amit Shah termed the incident as disturbing and  is praying for the well-being of the people of Visakhapatnam

The incident in Vizag is disturbing.

Have spoken to the NDMA officials and concerned authorities. We are continuously and closely monitoring the situation.

I pray for the well-being of the people of Visakhapatnam.

— Amit Shah (@AmitShah) May 7, 2020

Many other political leaders have taken to the micro-blogging site and expressed their shock over the incident.

The news of gas leak from a Polymer plant in #Visakhapatnam is worrying. My condolences to the families of those who lost their lives. I hope and pray the situation is brought under control as soon as possible.#vizaggasleak#AndhraPradesh #PrayForVizag @ysjagan pic.twitter.com/AeCc8IMVK8

— Jayant Patil (@Jayant_R_Patil) May 7, 2020

Deeply disturbed to hear about the gas leak from a chemical plant in #Vishakapatnam. Praying for the well being of everyone affected. My deepest condolences to the bereaved families.#VizagGasLeak

— Dr. Mahesh Sharma (@dr_maheshsharma) May 7, 2020

Gas leak at LG Polymers in #Vishakapatnam is more fatal and terrifying situation than #COVID19.

Many are suffocating, aged and children are most vulnerable; animals are dying.

I extend my heartfelt condolences to all the families who lost their dear ones.

#VizagGasLeak 🙏

— Srinivas B V (@srinivasiyc) May 7, 2020

MP Suresh Prabhu reacted to the incident, calling it discomforting. "I am contacting Administration and our local unit to address the problems of those who are affected and to provide medical help and other necessary relief," he tweeted.

Several police personnel, who came for the rescue operation, also suffered symptoms like breathlessness, irritation in eyes and fell unconscious. Sources said the vapour leak occurred in the early hours of Thursday when some workers of the plant were making preparations for the re-opening of the unit following easing of the ongoing lockdown restrictions.

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During the COVID-19 lockdown, individuals are losing patience -- moving freely and not following the necessary social distancing. This lack of civic sense and maturity on their part is weakening our fight against the deadly contagion pathogen.

The capital markets, as a result, also has witnessed intense volatility and bears are running lose. Certain sections of investors, however, have shown tremendous maturity during these challenging times.

At a time when Foreign Portfolio Investors (FIIs) have net sold or dumped Indian equities (owing to markets worldwide falling sharply and margin calls being hit), domestic fund managers are looking for value-buying opportunities in the carnage of the markets.

It is also heartening to see retail and High Net-worth Individuals (HNIs) buying into various equity-oriented mutual funds in a lump sum as well as the SIP (Systematic Investment Plan) mode. Monthly SIP inflows have touched a record high in March 2020 and the SIP folios, too, surged to 3.12 crore.

However, in debt-oriented schemes, investors seem to be pressing the panic button. The mutual fund industry recorded a net outflow of Rs 1.95 trillion in March 2020. Barring Overnight Funds and Gilt Funds, all other sub-categories of debt mutual funds have reported an outflow in March 2020.

Advance tax payment obligations, deterioration in asset quality, potential risk of defaults in the COVID-19 lockdown, and heightened volatility in the Indian debt market are some of the key reasons for outflows from debt-oriented mutual schemes.

[Read: Why Investors Pulled Out Money from Debt Mutual Fund Schemes in March]

The massive outflows were also seen from the Liquid Funds and Arbitrage Funds.

Table 1: Action in March 2020

Unprecedented redemptions in the Arbitrage Funds and Liquid Funds, as well as the net inflows recorded by the overnight funds, suggest that investors preferred safety over returns. As you know, liquidity is a key concern as the world continues to fight the COVID-19 pandemic.

Some arbitrage schemes such as Tata Arbitrage Fund and ICICI Prudential Equity-Arbitrage Fund had stopped taking in fresh subscriptions in the third week of March 2020 for the lack of arbitrage opportunities as markets faced broad-based selling.

But now markets are finding some sort of stability and bouncing back -- rallied over 20% from March lows - although the bears continue to run loose.

So, is it a time to consider arbitrage funds again?

Yes, I think so.

Arbitrage Funds aims to exploit the price differential in two different segments (spot and futures or cash and derivatives) of the equity market. They buy stocks in the spot market and sell in the future market simultaneously thereby making gains with the price differential (called the spread).

The differential usually is in sync with the prevailing interest rates in the economy; but depending on the market volatility, it could sometimes be higher as well. That being said, these are short-term opportunities that spring up due to lack of information to a set of market participants in one of the markets.

The capital market regulator's mutual fund categorisation and rationalisation mandates that an Arbitrage Fund must strictly follow the arbitrage strategy and invest at least 65% of its total assets in equity & equity related instruments.

Since the transactions are in either direction, the positions are completely hedged. And the remaining 35% of the total asset is deployed in debt and money market instruments.

In March 2020, when the stock futures started quoting at a discount to the spot prices in the cash market, it was a concern. But now that we have seen some sharp up-moves in the Indian equity markets as the government has done relatively well in containing the spread of the deadly virus (compared to other nations) and thanks to the prompt fiscal measures also have been taken -- both by the Ministry of Finance (the Rs 1.75 trillion package) and the Reserve Bank of India (by reducing policy rates sharply, keeping monetary policy stance 'accommodative as long as it is necessary', and ensuring enough liquidity in the system) -- in my view, it would be perceived positively by the markets in times to come and enough arbitrage opportunities would be available. It is possible that Arbitrage Funds may even perform a tad better vis-a-vis Liquid Funds.

Table 2: Report Card of Arbitrage Fund, Liquid Funds and Short Duration Funds

Over the last one year, the returns generated by Arbitrage Funds have been quite satisfactory. In fact, these funds have outperformed those clocked by Liquid Funds. The 3-month returns clocked by Arbitrage Funds have been almost at par with Liquid Funds.

Do note that an Arbitrage Fund carries low risk and the returns depend on the market conditions and fund manager's ability to reap rewards from arbitrage opportunities.

Short-Term Capital Gains (i.e. realised profits within a year) on arbitrage funds are taxed at 15%, while the Long-Term Capital Gains (i.e. gains made after staying invested for more than a year) are taxed at 10% for gains above Rs 1 lakh in a financial year.

To park money for the short-term for an investment time horizon up to 1-year, you may consider investing in an Arbitrage Fund.

And if you have an extreme short-term time horizon (of 3 to 6 months), consider a Liquid Fund with high-quality debt papers, which does not have high exposure to Commercial Papers (issued by private entities).

Alternatively, if you wish to park in a much safer category, you would be better off investing in an Overnight Funds.

Happy Investing!

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

Each fund recommended under FundSelect goes through our stringent process, where they are tested on both quantitative as well as qualitative parameters.

Every month, PersonalFN's FundSelect service will provide you with insightful and practical guidance on equity mutual funds and debt schemes - the ones to Buy, Hold, or Sell.

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Author: Rounaq Neroy

This article first appeared on PersonalFN here.

PersonalFN is a Mumbai based personal finance firm offering Financial Planning and Mutual Fund Research services.

Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Last week the mutual fund industry was jolted by the news of Franklin Templeton MF winding down six of its debt schemes. The fund houses cited high redemption pressure and lack of liquidity due to COVID-19 as the reason behind the move.

There has been a rush of redemption in the debt market due to high volatility and uncertainty caused by the outbreak of pandemic. The stress is more evident in high-risk category of securities where liquidity has dried up. Notably, the schemes that were wound up belonged to the high credit risk category.

The recent FTMF fiasco led RBI to take note of the situation and step up to build confidence in the capital market.

On April 27, 2020, RBI announced the opening of a special liquidity facility (SLF-MF) worth Rs 50,000 crore to ease liquidity pressure on mutual funds.

Under SLF-MF, RBI will conduct repo operation of 90 days tenor at the fixed repo rate. Banks can avail funds under this facility between April 27, 2020 and May 11, 2020 or up to utilization of the allocated amount, whichever is earlier. RBI will review the timeline and amount, depending upon market conditions.

Banks have to utilise the funds availed under this exclusively for meeting the liquidity requirements of MFs by:

• Extending loans, and
• Undertaking outright purchase of and/or repos against the collateral of investment grade corporate bonds, commercial papers (CPs), debentures and certificates of Deposit (CDs) held by MFs.

The liquidity support under this would be eligible to be classified as held to maturity (HTM) even if it goes beyond the 25% limit of total investment in the HTM portfolio.

Will banks come to the aid?

For banks, availing funds at a lower rate (repo rate) and using it to purchase investment grade, which generally carry higher interest, and holding them till maturity seems like a good opportunity, but they may not be as enthusiastic to come to the aid of MFs.

You may recall that few days ago, RBI came out with a similar liquidity window worth Rs 50,000 for NBFCs. Of these, 50% of funds had to be dedicated towards investment in investment grade bonds, commercial paper, and non-convertible debentures small and mid-sized NBFCs and MFIs.

NBFCs who have been dealing with liquidity crunch for quite some time now is one of the worst affected sectors with rising risk of bad loans amid the COVID-19 outbreak.

As a result, the first tranche of the operation worth Rs 25,000 crore conducted few days ago received bids for just Rs 12,850 crore.

Similarly, the stress in debt mutual fund segment is not new - some categories of debt funds have been facing redemption pressure ever since the IL&FS debacle came to light. Banks may be reluctant to lend to mutual funds with higher exposure to lower quality papers, which have been lacking in liquidity.

If banks do lend to MFs it may be limited to those with good quality papers. This will not serve the intended purpose of the facility.

Many mutual funds investing in credit-risk grade securities may have offloaded good quality papers to meet the high redemption and may be now left with only lower quality papers. Risk aversion in banks has magnified due to rising fear of bad loan pile up. Hence, banks may not be keen to accept lower quality papers as collateral.

Besides, some mutual funds may already have high borrowing rate availed to fund redemptions and further borrowing may not be a viable option for them.

Thus, if redemption pressure continues, liquidity strain will continue in schemes carrying higher exposure to lower rated securities. Hence, RBI may have to come out with alternative steps to deal with issue that would infuse liquidity directly to mutual funds rather than relying on banks.

Word of caution for investors in debt funds

RBI and AMFI have assured investors that stress in capital market is confined to the high-risk debt MF segment at this stage; the larger industry remains liquid.

In the current market volatile and uncertain environment, it would be advisable to stay away from credit risk schemes. However, do not resort to panic selling. Doing that will have an exponentially negative effect on funds, primarily those having exposure to moderate and low rated assets.

Redemption pressure may force the fund managers to sell good quality papers in the portfolio in the secondary market and pile up exposure to low rated assets because it will be difficult to liquidate at fair value.

Keep in mind that debt funds are not risk-free. Investment in debt funds carry various risks relating to liquidity, credit quality, and interest rate. Therefore, before investing in debt funds understand the various risks involved and invest in schemes where the portfolio risk aligns with your own risk appetite and financial objective.

Moreover, choose a fund house that follows prudent investment process and stringent risk-management systems.

In these uncertain times, it would be wise to stick with liquid funds and overnight funds for the debt part of your portfolio as they are highly liquid and carry lower risk.

Our friends at Quantum Mutual Fund have highlighted the secret behind their debt management strategy, which has helped them provide safety and liquidity to investors when it comes to investing in quantum funds. Don't Worry, Quantum Liquid Fund always aims for Safety and Liquidity.

PS: If you wish to select worthy mutual fund schemes, I recommend you to subscribe to PersonalFN's unbiased premium research service, FundSelect.

Additionally, as a bonus, you get access to PersonalFN's popular debt mutual fund service, DebtSelect.

If you are serious about investing in a rewarding mutual fund scheme, Subscribe now!

Author: Divya Grover

This article first appeared on PersonalFN here.

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Disclaimer:
The views mentioned above are of the author only. Data and charts, if used, in the article have been sourced from available information and have not been authenticated by any statutory authority. The author and Equitymaster do not claim it to be accurate nor accept any responsibility for the same. The views constitute only the opinions and do not constitute any guidelines or recommendation on any course of action to be followed by the reader. Please read the detailed Terms of Use of the web site.

Besides lending against securities held by MFs, banks have been allowed by the RBI to do outright purchase of more than 25 per cent of Hold Till Maturity (HTM) securities in mutual funds portfolios in the absence of liquidity in the secondary market

The OECD on September 2, 2019, announced that Ecuador and Serbia have ratified the multilateral Convention on Mutual Administrative Assistance in Tax Matters.

No drug improves the clinical outcome of patients hospitalized with mild-to-moderate COVID-19 over supportive care, according to the study in iMed/i, a new medical journal published by Cell Press.

University of Pennsylvania researchers and colleagues have identified protein Del-1 that plays a key role in getting the body back to normal after inflammation.

People living with HIV have an enhanced risk of developing various other conditions, even when HIV is treated with antiretroviral therapy. Hence, HIV-associated

The Reserve Bank today permitted startups to raise external commercial borrowings (ECBs) of up to USD 3 million in a financial year, a move aimed at boosting innovation and promoting job creation.

G20 finance ministers endorsed the final package of measures for a comprehensive, coherent and co-ordinated reform of the international tax rules during a meeting on 8 October, in Lima, Peru.

Today, Serbia deposited its instrument of ratification for the Multilateral Convention to Implement Tax Treaty Related Measures to Prevent Base Erosion and Profit Shifting (multilateral convention or MLI) with the OECD’s Secretary-General, Angel Gurría, therewith underlining its strong commitment to prevent the abuse of tax treaties and base erosion and profit shifting (BEPS) by multinational enterprises.

The OECD is pleased to announce that jurisdictions are taking further action to prevent the misuse of RBI/CBI schemes by account holders by putting in place an exchange of information mechanism that will ensure that the information on applicants of RBI/CBI schemes will be made available to their jurisdiction(s) of tax residence.

Today, at the OECD Headquarters in Paris, Slavica Savicic, State Secretary for Finance of the Republic of Serbia, signed the Multilateral Convention on Mutual Administrative Assistance in Tax Matters (the Convention) in the presence of the OECD Deputy Secretary-General Jeffrey Schlagenhauf. Serbia is the 129th jurisdiction to join the Convention.

Ecuador and Serbia have deposited their instruments of ratification for the multilateral Convention on Mutual Administrative Assistance in Tax Matters therewith underlining their strong commitment to join international efforts against tax evasion and avoidance. The Convention will enter into force on 1 December 2019 for Ecuador and Serbia.

The work on BEPS Action 14 continues with today's publication of the eighth round of stage 1 peer review reports. Each report assesses a country's efforts to implement the Action 14 minimum standard as agreed to under the OECD/G20 BEPS Project.

The consultation on appointing authorities and the selection of arbitrators in investor-state dispute settlement paper and comments received are being made available in order to foster informed public and inter-governmental debate.

OECD 50th Anniversary Conference, Paris, 22 June 2011.

Recent OECD research has utilised harmonised cross-country firm level data to explore the contribution of public policies to cross-country differences in productivity, innovation and resource allocation.

The consultation on appointing authorities and the selection of arbitrators in investor-state dispute settlement paper and comments received are being made available in order to foster informed public and inter-governmental debate.

The BELEX 15 decreased 137 points or 17.11% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Serbia. Historically, the Serbia Stock Market (BELEX15) reached an all time high of 3335.20 in May of 2007. The Belgrade BELEX15 Index is a major stock market index which tracks the performance of 15 biggest companies listed on the Belgrade Stock Exchange in Serbia. It is a free-float, capitalization-weighted index. The BELEX15 Index has a base value of 1000 as of October 1, 2005.

IP Addresses in Serbia decreased to 1302521 IP in the first quarter of 2017 from 1307324 IP in the fourth quarter of 2016. IP Addresses in Serbia averaged 925879.10 IP from 2007 until 2017, reaching an all time high of 1389840 IP in the first quarter of 2015 and a record low of 152042 IP in the third quarter of 2007. This page includes a chart with historical data for SerbiaIP Addresses.

Temperature in Serbia increased to 23.08 celsius in August from 22.04 celsius in July of 2013. Temperature in Serbia averaged 9.99 celsius from 1743 until 2013, reaching an all time high of 24.45 celsius in July of 2012 and a record low of -8.43 celsius in January of 1942. This page includes a chart with historical data for Serbia Temperature.

Retirement Age Women in Serbia increased to 62 in 2018 from 61.50 in 2017. Retirement Age Women in Serbia averaged 59.60 from 2004 until 2018, reaching an all time high of 62 in 2018 and a record low of 58 in 2005. This page provides - Serbia Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Retirement Age Men in Serbia remained unchanged at 65 in 2018 from 65 in 2017. Retirement Age Men in Serbia averaged 64.27 from 2004 until 2018, reaching an all time high of 65 in 2011 and a record low of 63 in 2005. This page provides - Serbia Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.