SEBI asks NSE to carry out root cause analysis of 'trading halt'

Union Minister of State for Personnel, Dr. Jitendra Singh has said that India’s successful commencement of the COVID-19 vaccination programme with two indigenously developed vaccines, offers a lot of hope of a decisive victory against the pandemic in the coming months.Delivering the valedictory address at the India-Maldives Workshop on Good Governance Practices in a pandemic in New Delhi n Wednesday,  the Union Minister said the roadmap ahead for both the nations in winning the battle against the COVID-19, lies in restarting the economy, strengthening cooperative federalism with thrust on stronger institutions, stronger e-Governance models, digitally empowered citizens and improved healthcare. Dr Singh said, Prime Minister Narendra Modi has reiterated and emphasized the deep and abiding commitment of India to help its neighbours with delivery of COVID vaccines. The Minister  said  the workshop  with focus on Good Governance Practices in a Pandemic is an effort to showcase and learn from mutual experiences of how the two countries  have handled the pandemic. India is committed to capacity building of 1000 Maldivian civil servants over a period of 5 years. The NCGG, the High Commission of India to Maldives and CSC Maldives jointly operationalized the MoU in August 2019 and by March 2020, six rounds of capacity building programs have been conducted by and 130 Maldivian Civil Servants have visited India.
 -Uttar Pradesh on Wednesday received award for fastest implementation of Pradhan mantri Kisan Samman Nidhi Yojana. Chief Minister Yogi Adityanath has congratulated the people of state for this achievement. In his tweet message Chief Minister said that under the guidance of Prime Minister Narendra Modi state government is committed for the welfare of farmers of state. Chief Minister informed the house about this achievement. During his budget speech, the state Finance Minister had recently informed that more than 27110 crores has been transferred in the accounts of the farmers of state under PM Kisan Samman Nidhi yojna.

-In the wake of surge in COVID-19 cases in some States, Delhi Government has decided to make it mandatory for those arriving from such states to carry a negative COVID test report while entering the National Capital.Official sources said that people traveling to Delhi from Maharashtra, Kerala, Chhattisgarh, Madhya Pradesh, and Punjab by flights, trains or buses will have to show a negative RT-PCR test. However,the mandatory negative COVID test report will not apply to those travelling by their own vehicles. The order is expected to come into effect from 26th of this month.

-In Manipur, the State Chief Minister N. Biren Singh launched the Prime Minister Formalization of Micro Food Processing Enterprises (PM FME) Scheme. The launching of the Scheme was done during the inaugural function of Conference Cum Buyer Meet at Hotel Imphal on Wednesday.The PM FME Scheme aims to provide financial, technical and business support to micro food processing units, Farmer Producer Organizations (FPOs) and Self Help Groups (SHGs). The Scheme will also promote One District One Product to reap the benefit of scales in terms of procurement of inputs, availing common services and marketing of products.Speaking on the occasion as Chief Guest, Shri N. Biren Singh said that the State Government had been putting in tireless efforts to make Manipur a self reliant State under the Prime Minister Narendra modi’s vision of Atmanirbhar Bharat. He further stressed that fruits and vegetables produced in the State are more nutritious and of different taste compared to that of other States in the Country.

-Market regulator, SEBI has advised National Stock Exchange to carry out a detailed root cause analysis of the trading halt witnessed at NSE on Wednesday and also to explain the reasons for trading not migrating to the disaster recovery site. SEBI has asked NSE to submit its report at the earliest.It was informed by NSE that trading was halted at 11.40 am today due to 'issues with the links with telecom service providers'.SEBI was in constant touch with NSE officials and continued to monitor the situation closely. NSE was also advised to keep the market participants d with the evolving developments.The 'trading halt' continued till 3.30 pm. In view of the exceptional situation arising out of the 'trading halt', it was decided to extend the trading hours from 3.30 pm to 5.00 pm at NSE, BSE and MSEI.