Why RBI’s G-SAP is a masterstroke
The OMO clone will facilitate govt’s big borrowing plan at a lower cost, by bringing certainty to timing & amount of bond buys
In the recent bi-monthly monetary policy announcement, the RBI promoted a new programme the Government Securities Acquisition Program (G-SAP). The initiative is believed to be a counterpart of Open Market Operations (OMOs) the purchase and sale of government securities (G-Secs) by the RBI on behalf of the government to reduce the volatility in the bond market.
Keeping the policy rates unaffected, the RBI continued its commitment to ‘accommodative policy’ stance while announcing the purchase of G-Secs worth ₹1-lakh crore in the first quarter of financial year 2021-22 through the secondary market.
Press release content from Business Wire. The AP news staff was not involved in its creation.
Vinod Gupta Awarded Honorary Doctorate by IIT Kharagpur
February 16, 2021 GMT
OMAHA, Neb. (BUSINESS WIRE) Feb 16, 2021
Vinod Gupta, 1967 alumnus of Indian Institute of Technology Kharagpur, was recently awarded an Honorary Doctor of Science (Honoris Causa) by his alma mater Indian Institute of Technology Kharagpur.
Mr. Gupta received his Bachelors in 1967 and then moved to the University of Nebraska where he received his Masters Degree in Engineering and MBA. After that he had a successful business career in Omaha, Nebraska.
Mr. Gupta was instrumental in setting up the first Business School in the IIT system in 1993. The business school is called the Vinod Gupta School of Management, which is ranked in the top 5 business schools in India. After that he also established an Intellectual Property Law School at IIT Kharagpur which is called the Rajiv Gandhi School of Intellectual Property
3 IIT B schools feature in top 10 NIRF management ranking
3 IIT B schools feature in top 10 NIRF management ranking
The National Institutional Ranking Framework (NIRF)was Approved By The MHRD. IIT Kharagpur s Vinod Gupta School Of Management(VGSoM) Was Ranked Seventh, While The Management Schools Of IIT Delhi And IIT Roorkee Were Ranked Sixth And Eight. PTI | Updated on: 26 Apr 2017, 05:17:13 PM
Kolkata:
Business schools belonging to three IITs -Kharagpur, Delhi and Roorkee - have featured in the top 10 list of NIRF Management ranking in 2017. The ranking was made from a total number of 542 business schools who submitted data for the rank, an IIT-Kharagpur release said on Wednesday.