The de-recognition by European regulators of the Clearing Corporation of India (CCIL) did not cause any disruptions in government bond trading on Tuesday as national regulators of foreign banks have offered concessions on the matter. The CCIL houses the trading platforms for sovereign bonds and derivatives. Yield on the 10-year benchmark bond eased 3 basis points to 7.09%.
West Bengal plans incentives to spur industrial investments
The government is exploring off-balance sheet incentives like soft loans to keep the weightage on budget-dependent industrial promotion lower, the finance minister said. Concession on