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CSC Weekly
Jai Hind College ( Autonomous )
A BMS Initiative

Hi <<First Name>>,

This week was spent thinking whether will we have to continue to relive 2020 with every movie that will be made after this chaos (I mean we did have major social protests, earthquakes, fires, chemical blasts, and obviously Mr. C-19, all of them cool for a movie plot) or will everyone just erase it from their memories? 

Till then I guess just read on.

Indoor Gardening

This week, we take a look into the trending topic of indoor gardening and why people want their own personal green heavens.

What's behind the Debt Market?

 

Author - Raghav Taparia

India’s GDP recorded its steepest quarterly plunge, contracting by 23.9% in Q1 of FY2021 as the Covid-19 lockdown hit almost all the sectors from Manufacturing to Service and Construction. With RBI’s Liquidity support of over Rs.1 Lakh Crores and continuous cutting down of the Interest rates, Indian stock market has rebounded quite well despite weak economic activities and demands reviving slowly. Mutual Funds also saw a big fall in their NAVs and the SIP contributions also dropped from 8641cr. in March to 7900cr. in June 20. The Benchmark indices have almost returned to their pre-lockdown levels too. This unprecedented liquidity effect from RBI may have led to a rally in Equities which are gradually bringing the Equity MFs on track, but this effect is not dripping down to the Loans and Debt Market, making the Debt Market the new Red-Zone area of Investments.

Read more about it here click here

 UpDate
 
 Yourself
 
Business term of the week

Compelling - Overused! A 90 percent discount is compelling, but a 5 percent discount is merely interesting. Don’t describe something as compelling unless it is.

Oracle Would Get Access to TikTok Code in Proposed Deal.

Oracle Corp. will get full access to review TikTok’s source code and updates to make sure there are no back doors used by the company’s Chinese parent to gather data on the video-sharing app’s 100 million American users.

 

India’s Airlines Seek $1.5 Billion Interest-Free Credit Line.

Indian airlines have sought interest-free credit of at least $1.5 billion from the government to enable them to cope with the loss of revenue from the coronavirus pandemic, the country's aviation minister said.
 
 
IPO market booming again as several companies get ready to go public.

Angel Broking, the fourth largest stock broking firm in the country in terms of active clients, outlined its IPO. CAMS, India’s largest registrar and mutual funds transfer agent, and Chemcon Specialty Chemicals will also open for subscription today.

 
Apple to launch an online store in India on Sept 23.

The new online store will provide customers with the same premium experience found in Apple Store locations around the world, delivered by online team members who are ready to offer their expertise.
 

RS passes amendment in Insolvency and Bankruptcy Code.

The Bill mandates that a default on repayments from March 25, the day when a nationwide lockdown began to curb the spread of coronavirus, would not be considered for initiating insolvency proceedings for at least six months.

 

India's GDP to contract 9.5% this financial year, say Brickwork.

Brickwork Ratings has joined in on the chorus of projections predicting Indian economy's decline this financial year, almost doubling its earlier projection of 5.5 % decline to 9.5 % now.
 

Brain-Food

Some links that give you 
food for thought.
Podcast: Philosophize This!  

Ted Talks: Lauren Singer 
Series:  Suits

Speech: AOC at Global Climate Summit
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