Citizens' Issues
US lauds India for its 'global leadership'
The US on Tuesday praised India for its "global leadership" by managing crisis internationally.
 
"India has demonstrated its global leadership in recent weeks, first in Yemen and now in Nepal. We are grateful; we are impressed; we are inspired," US ambassador Richard Verma said here.
 
Addressing the annual general meeting of the American Chamber of Commerce in India, Verma said the recent high-level visits from the US and India have shown that both sides recognise that in the century to come, a robust US-India partnership can achieve better results than acting alone.
 
"Times like these show just how true that is," he added.
 
He also expressed grief, and condoled deaths in Nepal due to massive earthquake.

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Nepal quake hits eight million, says UN
The earthquake in Nepal has impacted eight million people in 39 districts, of which over two million live in 11 most severely affected districts, the UN said on Tuesday.
 
The immediate priority of the victims include food, water, shelter and medication, the UN said, adding 1.4 million people were in urgent need of food assistance. 
 
Three quarters of the affected population was outside of Kathmandu, among the worst hit areas.
 
The UN said that rains predicted over the next 10 days would add to human misery, hampering relief efforts. It could also lead to diseases.
 
The impact on agriculture based livelihood and food security was expected to be "extremely high", it said.
 
The people's immediate needs include medical tents, medication, surgical kits and body bags.
 
An earthquake measuring 7.9 on the Richter scale jolted Nepal on Saturday killing nearly 4,500 people and injuring thousands.

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SEBI to take six months time to study listing of stock exchanges
Indian securities market regulator, SEBI, is expected to take at least around six months to decide on the listing of stock exchanges but after the merger of Forward Markets Commission (FMC) with it, said its chief on Tuesday.
 
Securities and Exchange Board of India (SEBI) chairman U.K.Sinha said issues in the merger of FMC with SEBI have to be resolved and also the issue of stock exchanges which also perform a regulatory role have to be taken into account.
 
He was responding to queries from reporters on the issue of allowing stock exchanges to list its shares here on the sidelines of an event organised by Indian Merchants' Chamber .
 
Earlier, the BSE had expressed its interest in listing its shares on the bourses.
 
According to Sinha, the issues relating to merger of FMC are being studied by both the organisations.

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COMMENTS

Vishal Modi

2 years ago

Wonder if listing of exchange is good for domestic investors who trade on the exchange?

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