World
Greece misses new payment to IMF
To date, Greece's arrears to the IMF total about 2 billion euros
 
The International Monetary Fund (IMF) said on Monday that Greece missed a new repayment worth of about 456 million euros to it by the day after the country failed to make a 1.5 billion-euro repayment due on June 30.
 
"The SDR 360 million principal repayment (about 456 million euros) due by Greece to the IMF was not received," said Gerry Rice, director of communications at the IMF in a statement, Xinhua reported.
 
On June 30, Greece failed to make 1.5 billion euros of repayment to the Washington-based global lender. To date, Greece's arrears to the IMF total about 2 billion euros.
 
Rice said that the IMF executive board will discuss Greece's request for an extension of the repayment due on June 30 in the coming weeks.
 
After marathon tough negotiations, the leaders of euro zone countries reached a bailout agreement for Greece to avoid bankruptcy, provided the Greek government implements harsh austerity measures.

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SEBI raises minimum contract size in equity derivatives to Rs5 lakh
SEBI has raised minimum contract size for equity derivatives to Rs5 lakh from the next trading day after expiry of October 2015 contracts
 

Market regulator Securities Exchange Board of India (SEBI) has raised the minimum contract size for equity derivatives to Rs5 lakh from Rs2 lakh earlier. 
 
In a notification, SEBI said, the new provision shall be made effective from the next trading day after expiry of October 2015 contracts.
 

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COMMENTS

Chandra Prakash Jain

1 year ago

It will drive away small traders from derivative market . SEBI must think on reducing it a little bit .

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