Global Bond Index

10 Points Of India’s Inclusion In The Global Bond Index

The Indian government has ruled out the long-standing demand for the inclusion of nation’s bonds to be included in global indexes by denying any changes to tax policies.

10 Highlights Of The Big Story

Global Bond Index
  1. The government has no plans to waive capital gains taxes and it is concerned about foreign flows increasing the volatility of local markets.
  2. Predictions of $30 billion of foreign inflows through bonds were dashed with the government’s decision to levy capital gains. But the index compliers have the option of including securities without changes.
  3. Pankaj Pathak, a fixed-income fund manager at Quantum Asset Management Co., said that the benefits might outweigh the concerns because Indian bonds would diversify the index, boost the yield, and expand the market opportunities.
  4. India holds the third largest bond market in the emerging world but it is yet to be included in the global indexes.
  5. Since the local banks and foreign investors boosted their holdings in June, the country’s benchmark 10-year bond yield witnessed a drop of 30 basis points.
  6. The yield witnessed a further decline of 7 basis points to 7.29% on Tuesday.
  7. According to experts, inclusion could lead to billions of dollars of inflows as money managers often track
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History Of World Tourism Day

World Tourism Day 2022: What Is ‘Rethinking Tourism’?

Every year 27th September is celebrated as World Tourism Day to promote tourism with different themes. Initiated by the United Nations World Tourism Organisation (UNWTO), World Tourism Day is celebrated in different host countries every year.

HIGHLIGHTS

• World Tourism Day 2022 theme is ‘Rethinking Tourism’
• The theme is based on the revival of tourism post COVID-19

Why Is The Theme Of World Tourism Day 2022?

World Tourism Day 2022

The world has come out safe from the COVID-19 situation which was quite demoralizing for the tourism industry. During the two-year lockdown period, it was the tourism sector that received a major setback due to travel restrictions. The theme ‘Rethinking Tourism’ underlines the need to redevelop the tourism sector in the post-pandemic world.

What Is The Significance Of World Tourism Day?

World Tourism Day educates people about the significance tourism has in the interaction between cultures, communities, societies, and countries. Also, it has socio-economic benefits for countries. And it won’t be an exaggeration to say that the tourism sector supports different industries like air travel, hospitality, transportation, food, and gifts. This year, the event is hosted by Bali and the representatives of UNWTO are expected to participate in the event.

What Is The

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House Of The Dragon 6

House Of The Dragon 6: Queen Alicent Executes Her Vicious Plan

It has been a decade since the Triarchy made an alliance with Dorne and reclaimed the Stepsons region. Rhaenyra has her third child also a boy and Ser Laenor names him Joffrey. But Queen Alicent orders that she will see the child before others.

Why Does Queen Alicent Want To See The Child First?

Queen Alicent visits the child and notices that Joffrey doesn’t have silver hair as do his siblings Jacaerys and Lucerys. And Queen Alicent quickly draws the conclusion that Rhaenyra is having an illicit affair. She even tries to convince King Viserys that Rhaenyra’s children are bastards and they have no right to the throne. But she doesn’t stop here and goes on to convince her son Aegon to prepare to claim his succession to the throne when Rhaenyra becomes queen.

What Are The Rumors About Rhaenyra’s Children?

Rumors are Ser Harwin, the son of Lyonel Strong, the father of Rhaenyra’s Children. As a result, Lyonel Strong even offered to resign as Hand of the King. But the king reinstates Strong. The rumors also lead to a fight between Ser Criston and Ser Harwin.

House Of The Dragon 6

Lyonel decides to return with Harwin to Harrenhal unknown about the queen’s plan … Read the rest

Tata Steel Is Merging Seven

Tata Steel Is Merging Seven Of Its Subsidiaries For These Reasons

Tats Steel Ltd. made a big announcement on Friday. It is going to merge seven of its subsidiaries including four listed and three unlisted companies with itself. The merger will consolidate its operations and save costs in the long run.

10 Highlights Of Tata Steel’s Merger

Tata Steel Is Merging Seven
  1. Tata Steel Long Products Ltd (TSL), Tinplate Co. of India Ltd, Tata Metaliks Ltd, TRF Ltd, The Indian Steel & Wire Products Ltd, Tata Steel Mining Ltd, and S&T Mining Co. Ltd. are going to merge with Tata Steel Ltd.
  2. The announcement made Tata Steel jump up to 4.1% on the stock exchanges but was left only with gains of 0.55% as the benchmark Sensex index plunged over 1.73%.
  3. Tata Steel will swap 79 shares with every 10 shares of Tata Metaliks and 33 shares with every 10 shares of Tinplate. The share swap rate of 2% premium and 1% premium, respectively, is considered beneficial for the shareholders of the subsidiary companies.
  4. It will swap 67 shares for every 10 shares of Tata Steel Long Products at a 7.8% discount and 17 shares for every 10 shares of TRF at a 53% discount). Here the swap rate is in favor of Tata Steel.
  5. Shareholders
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Roger Federer Is Breaking The Internet

This Picture Of Roger Federer Is Breaking The Internet

A picture of Roger Federer with Rafael Nadal, Novak Djokovic, and Andy Murray generated a huge response on Twitter. The picture was shared by the Swiss tennis maestro on Thursday when the four tennis legends were going for a practice session.

HIGHLIGHTS

• Roger Federer has announced retirement from the professional sport after Laver Cup 2022
• He will play his final ATP Tour match in doubles with Rafael Nadal on Friday
• He hasn’t played since 2021 due to a knee injury

What Is The Importance Of That Picture?

People were delighted to see the four tennis legends together. And they gave the picture over 4,10,000 likes and 40,000 retweets. These tennis stars have won 66 Grand Slams over them. But tennis fans were more delighted to see Federer and Nadal together as they are known for being arch rivals on the tennis court.

In two decades of rivalry, they played 40 times including in 9 Grand Slam finals. Nadal holds a 24-16 winning record. But this time they are on the same side. Together they have won 42 Grand Slam titles.

Which Tournament Roger Federer Is Playing On Friday?

Roger Federer Is Breaking The Internet

Roger Federer is playing the Laver Cup 2022 and … Read the rest

Slovenia V/S Norway Prediction

UEFA Nations League Saturday Fixture Slovenia V/S Norway Predicted

Slovenia and Norway have entered the next leg of the UEFA Nations League and are set to play at the Stožice Sports Park on Saturday. And this match is going to be very interesting in many ways.

HIGHLIGHTS

• Slovenia will meet Norway on Saturday in UEFA Nations League
• A draw against Serbia brought Slovenia back into the game
• Norway defeated Sweden and entered the game
• Predictions are being made based on their team and past performance

Recent Performance Of Slovenia And Norway

Slovenia played their recent match with Serbia which was a 2-2 draw. Both the teams played well but none could beat the other. PAOK winger Andrija Zivkovic and Fulham striker Aleksandar Mitrovic scored goals for Serbia but Serbia players Panathinaikos midfielder Adam Gnezda Cerin and Red Bull Salzburg striker Benjamin Sesko canceled those goals. But Serbia sent their Mallorca goalkeeper Predrag Rajkovic off after the game.

Norway beat Sweden 3-2 in a striking performance by Manchester City superstar Erling Braut Haaland and Real Sociedad … Read the rest