Indian government is confident that the Adani meltdowns will have negligible impact on Indian security markets.
The centre on Monday accepted the Supreme Court’s suggestions for a retired judge led committee to study the recent alarming fall of Adani group shares following short seller Hindenburg’s research report and recommended improvement in statutory and regulatory regimes governing the securities market to protect investors against such future events.
Government said they will suggest names of the experts to be included in the committee in a sealed cover and Supreme Court can choose some of them to be the part of the committee.
# DRDO
Almost half of defense research and development organization’s ongoing mission mode projects which are high priority programmes based on specific operational requirements of the armed forces that have to be completed within a definite time frame – have been delayed.
These ranges from the tejas mark – 2 light combat aircraft, the naval LCA and unmanned aerial vehicles to air independent propulsion for greater underwater endurance of submarines, light machine guns and advanced towed artillery gun systems, the defense ministry told parliament on Monday.
Cost escalations have taken place in 12 of the 55 projects.
# NAAC
Atleast 695 universities and over 34000 colleges across the country are operating without accreditation from the national Assessment and Accreditation council, parliament was informed on Monday.
The data was shared by Junior education minister Subhas sarkar in response to a written question in Lol sabha.
# Retail inflation
Retail inflation accelerated to a three months high in January on the back of rising prices cereals, eggs, meat fish and milk.
Data released by the National statistical office on Monday showed retail inflation, as measured by the consumer price index, rose an annual 6.5% in January.