engineering success review Published this article page no 120 Main objective of Inflation Indexed Bonds is to provide a hedge and to safeguard the investor against macroeconomic risks in an economy. o Inflation index used in IIBs may be WPI or CPI. DEVELOPMENTS IN RELATION TO STOCK EXCHANGES NSE Prime NSE has launched NSE Prime as a new corporate governance initiative. NSE Prime is a framework that prescribes higher standards of corporate governance for listed companies than those required by regulations. It is open for all the NSElisted companies to adopt voluntarily. Benefits Raise the bar for corporate governance standards in India Enable investors to identify companies that have voluntarily signed up for higher standards of corporate governance Broaden the quality of investors in listed companies etc. NSEShine Bullion Blockchain Platform First for India the NSEShine is a blockchain platform for gold bullion launched by the National Stock Exchange (NSE) with Chainflux in support with India Gold Policy Centre (IGPC) and the Indian Bullion and Jewelers Association (IBJA). The platform will provide a data framework for bullion bar integrity for settlement of Gold derivatives contracts. It will also help in ensuring data security data integrity and data traceability for each bullion bar ID at any point of time. GUAREX National Commodity and Derivatives Exchange Limited (NCDEX) launched agriindex futures contract GUAREX.GUAREX is a pricebased index tracking the price movement in the futures contracts of its underlying i.e. Guar Seed and Guar Gum Refined Splits on a realtime basis. o It is Indias first sectoral index in Agricommodities basket. India is the worlds largest Guar producer accounting for 8085% of the worlds output (Rajasthan is the countrys top producer). NCDEX is a leading agricultural commodity exchange in India. Anchor Investor Life Insurance Corp. of India (LIC) is looking to raise upto 25000 crore from anchor investors. Anchor investors are institutional investors who are invited to subscribe the shares before the Initial Public Offers (IPOs). o Each anchor investor needs to invest a minimum of Rs 10 crore. Anchor investors are essentially brought in to enhance the confidence of investors and gauge the demand for the IPO in the market. Escrow Account Recently Securities and Appellate Tribunal (SAT) allowed National Stock Exchange (NSE) to withdraw Rs 6085 crore deposited by it in an escrow account. It is an account where funds or assets are held in trust by a third party whilst two or more parties complete a transaction. o It offers benefits like overcoming uncertainty on ability to meet obligations and facilitating custody of cash securities and other collaterals based on the transaction type. KEY CONCEPTS AND INFORMATION ON PAYMENT SYSTEMS AND FINANCIAL MARKETS Stagflation Stagflation is an economic situation in which the inflation rate is high economic growth rate slows and unemployment remains steadily high. o It creates a dilemma for government since most actions designed to lower inflation may raise unemployment levels and policies designed to decrease unemployment may worsen inflation. Legal Entity Identifier (LEI) Recently RBI made the LEI mandatory for crossborder transactions for capital or current account transactions worth Rs 50 crore and above engineering success review buy.
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