SEBI Tweaks Its Operational Circular On Credit Rating Agencies

CRAs will have to follow a uniform practice of three consecutive months of non-submission of NDS. New Delhi: The Securities and Exchange Board of India (SEBI) on Friday tweaked its operational circular on credit rating agencies (CRAs), asking them to have a detailed policy by March-end in respect of non-submission of crucial information, including quarterly … Read more

S.Africans Furious Over Water Crisis

Citizens protest for an uninterrupted supply of electricity a plan to eradicate loadshedding. Johannesburg, South Africa: Already struggling without electricity for hours a day, many South Africans are now having to do also without water, as power outages batter the supply system. A power failure at a pump station feeding reservoirs and water towers caused … Read more

Pakistan economic crisis: IMF bailout conditions ‘beyond imagination’ – Pak PM

Pakistan’s prime minister Shehbaz Sharif said Friday the government would have to agree to IMF bailout conditions that are “beyond imagination”, as it battles a spiralling economic crisis. An International Monetary Fund (IMF) delegation landed in Pakistan on Tuesday for last-ditch talks to revive vital financial aid that has stalled for months. The government has … Read more