Risk systems and Black Friday

What really happened on May 17, 2004, a day when the Sensex fell by a whopping 564 points? According to the Survey, falling Asian markets&#1...

What really happened on May 17, 2004, a day when the Sensex fell by a whopping 564 points? According to the Survey, falling Asian markets—and news about the Indian elections—were to blame. And it were the risk management systems that saved the day.

By the end of Black Friday, the Survey says, the trading volume was Rs 4,032 crore on the BSE and Rs 2,060 crore on the NSE. At the NSE, terminals of 56 members were deactivated at the end of the day. ‘‘But at both exchanges, the settlement guarantee funds were not eroded which is a testimony to the strength of the risk management systems that are in place.’’

‘Double bonanza for poor, middle class’: PM’s swadeshi pitch ahead of new GST roll out

India6 hr ago

PM Modi announced the rollout of new GST rates, calling it a "GST bachat utsav" and promising cheaper prices for medicines, insurance, and daily essentials. He emphasized that these reforms would ease doing business, attract investment, and benefit the poor, middle class, MSMEs, farmers, women, traders, and youth. He urged citizens to promote swadeshi goods.

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