Current Affairs Today - Current Affairs 2017

हिंदी करंट अफेयर्स प्रश्नोत्तरी 2017 के लिए यहाँ क्लिक करें.

India’s plans to modify ITRs opposed by Civil society and industry

International Telecommunications Regulations (ITRs)

India’s made a proposal on ITRs and submitted the same to the International Telecommunications Union (ITU) in October, 2012. The proposal has drawn opposition from, and fears of content control among, civil society and the industry.

National Association of Software and Services Companies (NASSCOM), Cellular Operators Association of India (COAI), Internet Service Providers Association of India (ISPAI) protested against ITU’s jurisdiction over issues of Internet governance model, architecture, cost, any role for ITU in the areas of international roaming and Internet governance, etc.

The World Conference on International Telecommunications (WCIT-12) will be held from December 3-14, 2012.

The final decisions on the ITRs and the composition of the delegation are yet to be announced. 193-countries at THE WCIT will spend 11 days and discuss national proposals to separate issues that can be addressed nationally from those which require inter-governmental cooperation.

The existing Internet governance system is unacceptable to most countries.

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Liquid Index ETFs shall be eligible for trading in the SLB segment: SEBI

As part of changes in the securities lending and borrowing framework, SEBI has permitted ETFs (Exchange Traded Funds) that track indices to trade in the short selling market. Liquid Index ETFs shall be eligible for trading in the Securities Lending and Borrowing (SLB) segment.

SEBI has also said that an Index ETF would be considered ‘liquid’, if:

  • The Index ETF has traded on at least 80% of the days over the past 6 months.
  • Index ETF’s impact cost over the past 6 months is less than or equal to 1%.

SEBI has also introduced roll-over facility for lenders and borrowers in the SLB segment

This concerns with the short selling in the market. In general, short selling pertains to selling of a stock that is not owned by the seller at the trading time. The short selling can be done by retail and institutional investors.

As per SEBI, any lender or borrower who wants to extend an existing lent or borrow position shall be permitted to roll-over such positions. Thus, now a lender who is due to receive securities in the pay out of an SLB session can extend the period of lending. Likewise, a borrower can extend the period of borrowing.

  • The roll-over shall be conducted as part of the SLB session.
  • Rollover would not be permitted for netting of counter positions.
  • Rollover shall be available for a period of three months i.e. the original contract plus two rollover contracts.

Sebi has asked stock exchanges to take necessary steps for implementing the circular.

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