Running feels great unless you compare it to not running. While here in Northern California for a board meeting, I received, “I read your capital markets section every day because I can understand it, but can you please knock off using ‘basis points’? They are confusing.” I admit they take a while to understand, but easy to compare & convert the two. 1 percent is 100 basis points. 50 basis points is ½ of one percent. 75 basis points is ¾ of one percent. I mention this because “seventy-five basis points is the new 50 basis points.” Everyone was expecting ½ percent increases in Fed Funds, but no more. A relentlessly hawkish Federal Reserve is ramping up market expectations for big interest rate hikes that would have been considered unthinkable (and market crippling) just two months ago. Nomura says that the FOMC will hike the fed funds rate by 75-basis points in June and July after a 50-basis point rise in M
Read more about DoT announces guidelines for PLI scheme for telecom, networking equipment on Business Standard. DoT announced operational guidelines for Production Linked Incentive Scheme for telecom and networking equipment, notified on February 24 this year after extensive consultations with stakeholders
The government has approved a total of 33 applications with a committed investment of Rs 5,082.65 crore under the production linked incentive scheme for active pharmaceutical ingredients, an official release said on Thursday. Setting up of these plants will make the country self-reliant to a large extent in respect of these bulk drugs, it noted. The Department of Pharmaceuticals has launched a PLI scheme for the promotion of domestic manufacturing by setting up greenfield plants in four different target segments with a total outlay of Rs 6,940 crore for the period 2020-21 to 2029-30. In total, 215 applications have been received for the 36 products spread across the 4 target segments, the Ministry of Chemicals and Fertilizers said in the release.
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