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REC Gets Nod to Sell Deep-Discount Debt

Mint Kolkata

|

June 05, 2025

India's REC has received approval from the central government to raise funds through deep-discount bonds for a second time in less than a year, a government document dated 30 May showed.

REC has until the end of March 2027 to raise up to ₹5,000 crore ($581.7 million) through the sale of zero-coupon, deep-discount bonds, with a tenor of 10 years and six months.

Mint Kolkata से और कहानियाँ

Mint Kolkata

Rupee falls 12 paise against US dollar

The rupee depreciated 12 paise to close at 90.90 against the greenback on Monday, a tad above its record low closing level of 90.93 reached on 16 December, weighed down by robust greenback demand from metal importers and persistent foreign fund outflows.

time to read

1 min

January 20, 2026

Mint Kolkata

Mint Kolkata

In Trump’s drive for Greenland, NATO is the first casualty

A few months ago, officials on both sides of the Atlantic hoped that they had saved the Western alliance —the world’s biggest economic and military community.

time to read

6 mins

January 20, 2026

Mint Kolkata

Mint Kolkata

Govt weighs 9x hike in outlay for MSME Champions Scheme

The outlay is expected to be increased to about ₹10,000 crore over the next five years

time to read

2 mins

January 20, 2026

Mint Kolkata

Mint Kolkata

IMF cautions on AI, raises India outlook

The International Monetary Fund (IMF) has sounded a warning note on the exuberance in artificial intelligence, cautioning that a failure to achieve productivity gains could curb investments, slam markets and radiate across the world through tightening financial conditions.

time to read

1 min

January 20, 2026

Mint Kolkata

Mint Kolkata

What is the tax impact of gifting money to NRI daughter-in-law?

Iamaresident Indian seck-ing to gift money to my daughter-in-law, anon-resident Indian (NRD who has been residing in the UAE for the past 9 years.

time to read

2 mins

January 20, 2026

Mint Kolkata

Mint Kolkata

Creators build fandoms beyond cricket

A young basketball enthusiast at the time, Dhruv Barman went to Canada in 2013 to study kinesiology, the biomechanical study of human movement with applications in sports and fitness.

time to read

1 mins

January 20, 2026

Mint Kolkata

Mint Kolkata

What speed training can do for your fitness

Going for short outdoor sprints can improve your reaction time and power

time to read

2 mins

January 20, 2026

Mint Kolkata

Mint Kolkata

China population falls as birth rate drops to lowest since 1949

A decade after ending China's longtime one-child policy, the country’s authorities are pushing a range of ideas and policies to try to encourage more births—tactics that range from cash subsidies to taxing condoms to eliminating a tax on matchmakers and day care centres.

time to read

1 min

January 20, 2026

Mint Kolkata

Mint Kolkata

Sebi mulls ₹20K cr AUM bar to classify significant indices

The Securities and Exchange Board of India (Sebi) has proposed a financial threshold to determine which market indices will fall under its regulatory oversight.

time to read

1 mins

January 20, 2026

Mint Kolkata

Mint Kolkata

European ‘mice’ must quickly get their inner tigers roaring

Antagonizing the US may not feel so different from being its ally

time to read

3 mins

January 20, 2026

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