Pangong Lake fingers face-off :
- The Pangong Lake is divided into 8 fingers. The mountainous spurs jutting into the lake are referred as fingers.
- So far India has been controlling fingers 1 to 4 and China controls the area between 5 to 8.
- There is an Indian post near finger 4.
- India claims till the eighth finger and China claims till the 4th finger.
- The face-off happened near the fourth finger.
The second face-off at Nakula in Sikkim :
- This time face-offs were different from all recent face-offs as these were happening simultaneously.
- In the incident happened at Nakula in Sikkim, Chinese side claims an area inside Indian territory.
- Then came this Galwan Valley face-off. And most importantly this time the PLA troops were large in number.
Why these stand-offs?
- Chinese troops were available for the exercise in the near vicinity.
- The weather conditions have become better as winter is gone now.
- The major concern for China seems the infrastructure development done in these border areas by India.
For the 1st time in 45 years :
- Barring the scuffle happened on day one of this stand-off series, there had been no violent behaviours on the Indo-Chinese borders for the past 45 years.
- On June 6, the high-official level meetings were also held to solve the matter.
- But the incident that happened on 15th of June has shaken all the bilateral relations and put the future of relation between both the nations in hot water.
SEBI eases fund raising norms for firms
“Regulator shortens gap between 2 QIPs to 2 weeks; promoters can raise stakes by 10% sans open offer”
The SEBI :
- The Securities and Exchange Board of India is the regulator of the securities and commodity market in India owned by the Government of India.
- It was established in 1992 and given Statutory Powers on 12 April 1992 through the SEBI Act, 1992.
The Relaxation given :
- The SEBI has allowed all the listed companies for raising funds, this time for shorter time period.
- It has also given a nod to the promoters to increase their stakes by a higher quantum without triggering an open offer.
- The organization has allowed companies to make two qualified institutional placements (QIPs) with a gap of just two weeks between them.
What analysts say :
- The analysts say that these both the moves will prove very crucial in this tough time.
- The moves will enhance the liquidity in the market as the companies will get extra time to raise funds.
- This will help the promoters get some shares in the time when the markets are at its low.
Boosting liquidity :
- The decision taken by SEBI is for helping Indian companies increase liquidity in the markets.
- “At the same time, relaxation from the takeover code could be a good opportunity for promoters who are looking to increase their stakes at attractive valuations, given the current market sentiments,” said Nitesh Mehta, partner, transaction tax, tax and regulatory services, BDO India.