MUMBAI: The Reserve Bank of India's (RBI) special liquidity facility of ₹50,000 crore for mutual funds is at least a week late and comes only after Franklin Templeton India decided to shutter its six debt schemes.

The benefit of the liquidity window is unlikely to be available to these six schemes, considering that redemptions in these schemes were stopped on 23 April.

However, Franklin can still access the window for its other schemes, like all the other fund houses. What needs to be seen is whether banks view the closure of the six schemes as a temporary blip and are willing to lend fresh money to the fund house on the strength of its asset under management. "The 6 Franklin schemes have stopped redemptions, so they may not use this

Read more on livemint.com

All news from livemint.com

The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Trudeau slams Canada trucker protests, police threaten arrests

Canadian police have threatened to arrest trucker-led protesters who have shut down central Ottawa and disrupted cross-border trade in anger at Covid health rules, as Prime Minister Justin Trudeau lambasted the movement as "unacceptable."

Justin Trudeau Jen Psaki Usa Canada county Ontario city Ottawa county Canadian city Detroit county Windsor state Montana World

Fourth dose of Covid-19 vaccine ‘conceivable’ to protect against Omicron variant: Fauci

Never miss a story! Stay connected and informed with Mint. Download our App Now!!

India covid-19 information vaccine

Alberta parents, school officials react to COVID-19 masking changes

Alberta students will not have to wear masks in schools come Monday — and parents are split on their feelings about the changes. Breanna Karstens-Smith reports.

covid-19 mask reports

Trucker protests: Trudeau says government has helped people grappling with demonstrations in Alberta, Ottawa ‘every step of the way’

During Tuesday’s session of question period, NDP Leader Jagmeet Singh asked Prime Minister Justin Trudeau what concrete steps the government has taken to help people grapple with the Coutts, Alta. trucker convoy and Ottawa anti-mandate protests.

Justin Trudeau Jagmeet Singh city Ottawa Government

Alberta Premier Jason Kenney explains timing of vaccine passport ending

Alberta’s Restrictions Exemption Program is no more and soon, other COVID-19 health restrictions will also be lifted. Alberta Premier Jason Kenney joined Gord Steinke to talk about the timing and where the province goes from here.

Jason Kenney Gord Steinke covid-19 vaccine Health

Edmonton exploring its own municipal restrictions exemption program

Edmonton city council is weighing its options when it comes to introducing its own COVID-19 health measures. Councillors voted in favour Wednesday of exploring a municipal proof of vaccination program. Kim Smith explains.

Kim Smith city Edmonton covid-19 Health Citi

COVID-19: City committee votes against exploring vaccine passport program just for Calgary

The City of Calgary will not be implementing its own COVID-19 vaccine passport program — at least for now — after a city committee voted against exploring the idea on Wednesday. Adam MacVicar reports.

Adam Macvicar covid-19 vaccine Citi

Alberta businesses divided over vaccine passport elimination

It was designed to curb spiking COVID-19 case rates and to encourage vaccination, but Alberta Premier Jason Kenney says the passport program has done its job. Some businesses are applauding the move while others say it’s far too premature to eliminate the provincial restrictions exemption program.

Jason Kenney covid-19 vaccine reports

Goodell: NFL won’t tolerate racism, vows changes amid Dolphins fallout

INGLEWOOD, CALIFORNIA - FEBRUARY 09: NFL Commissioner Roger Goodell addresses the media on February 09, 2022 at the NFL Network's Champions Field at the NFL Media Building on the SoFi Stadium campus in Inglewood, California. (Photo by Rob Carr/Getty INGLEWOOD, Calif. - Under a baking California sun, Roger Goodell knew the heat was coming.At his annual Super Bowl news conference, the NFL commissioner was grilled on two hot topics that have put the league under heavy scrutiny: racism and discrimination in hiring.

Roger Goodell Michael Reaves Brian Flores Rob Carr state California state Florida county Garden county Miami city Inglewood, state California sports Action Fallout

Snoop Dogg takes over Death Row Records, label that launched his career

Snoop Dogg of hip-hop supergroup Mt. Westmore performs at Rupp Arena on November 20, 2021 in Lexington, Kentucky. (Photo by Stephen J. Cohen/Getty Images)LOS ANGELES (AP) - Snoop Dogg has taken over a popular record label that launched his stellar career.The rapper-mogul acquired Death Row Records’ brand from MNRK Music Group, which is controlled by a private equity fund managed by Blackstone, the i nvestment firm announced Wednesday.

Snoop Dogg Los Angeles state Kentucky county Lexington death Extreme Career

Central Bucks West choir director charged with recording former student as he undressed

BUCKINGHAM TOWNSHIP, Pa. - A Central Bucks West High School choir director has been charged with hiding cameras inside a bedroom in his home in order to record a former student as the student undressed.Joseph Ohrt, a Buckingham Township resident, faces one count of interception, disclosure or use of a wire, electronic or oral communications and four counts of possession, sale, distribution, manufacture or advertisement of electronic, mechanical or other devices and telecommunication identification interception devises, all felonies in the third degree.An investigation began May of 2021 by Central Bucks Regional Police Department and the Bucks County District Attorney’s Office after receiving a Childine tip of an alleged sexual assault of a former student by Ohrt.MORE HEADLINES:The victim, a 2016 graduate of Central Bucks West, was a member of the choir. He stated that in his junior year, Ohrt mentored him in music composition.

county Bucks city Kansas City Department Man Manufacturing

Former MLB player Jeremy Giambi dead at 47

FILE - Outfielder Jeremy Giambi #7 of the Oakland Athletics poses for a studio portrait during Spring Training Photo Day in Phoenix, Arizona. Former MLB player Jeremy Giambi has died, the Oakland Athletics confirmed on Wednesday.

Philadelphia Phillies Derek Jeter New York state California county Day city Boston state Arizona county Los Angeles city Kansas City reports Citi Career

Kanye West's Mental Health Does Not Excuse This Behavior! | Perez Hilton

If U were Kim Kardashian, would you force your daughter to be off Tik Tok to keep Kanye West happy???? This and much more on our latest podcast! CLICK HERE to watch this episode of The Perez Hilton Podcast with Chris Booker!

Kim Kardashian Chris Booker Health

More than 56,000 boosters given yesterday; 306 community cases; 12 in hospital

The Big Boost Week is now in full swing with 56,257 booster doses administered across New Zealand yesterday, bringing the total so far to more than 1.7 million.

New Zealand testing vaccine reports

Almost all restrictions affecting Alberta children gone soon

There was a ton of information to unpack from Tuesday’s COVID-19 announcement by Premier Jason Kenney, including the end of the mask mandates for students.

Jason Kenney Nicole Stillger covid-19 information mask

Windsor asks for help to end protest

The city of Windsor is asking for federal and provincial aid to deal with a protest that has stopped incoming truck shipments across the Ambassador Bridge. Seán O’Shea reports.

reports Citi

Oscars 2022: Surprising COVID-19 Vaccine Info Revealed

You might be surprised by this decision that was just made for the 2022 Oscars ceremony on March 27.

Hollywood Reporter Los Angeles covid-19 testing vaccine

What is the consumer price index and how is it used to measure inflation?

Sale stickers on a store shelf. A seven percent increase in the consumer price index (CPI) over the 12 months to December was the highest since 1982.

Washington hospital Department reports

Valentine’s Day deals to get back at your ex

Topo Chico Hard Seltzer announced it is selling prickly valentines to send to a special ex-someone. "Bolder (and sharper) than your typical bouquet of flowers, each Prickly Valentine comes with a mini-cactus and commemorative card," the seltzer brand revealed in a press release.There is currently a limit of one cactus per customer, and an alcohol purchase is required. You can make a "point" to that lousy person and order here.With a $10 donation this Valentine's Day, The Florida Aquarium will also let you name a roach after an ex.Those who participate will receive a certificate commemorating the occasion and a photo of the roach. Participants will also be able to send a message with "words you wish you had said" or a "funny revenge confession." The aquarium said amusing, family-friendly confessions will be posted with anonymity on The Florida Aquarium’s social media. An, don't worry – they'll never "Hiss & Tell" who sent them! You can get started here.Meanwhile, the San Antonio Zoo will also host its Cry Me a Cockroach Fundraiser for its third year, where funds raised support the zoo’s vision of securing a future for wildlife. The Madagascar Hissing Cockroach.

Steve Russell state Florida city San Antonio Madagascar stars donates Department

COVID-19 hospitalizations decrease slightly as Alberta’s vaccine passport program officially expires

COVID-19 decreased slightly on Wednesday as Alberta’s vaccine passport program officially expired.Premier Jason Kenney announced Tuesday that the restrictions exemption program would be lifted at midnight. The REP came into effect in September, and required Albertans to show proof of double vaccination or a negative rapid test result to obtain entry to businesses operating under the program.

Jason Kenney covid-19 testing vaccine

Road closures put in place around Queen’s Park ahead of possible protest

Toronto Police has put in place a number of road closures over rumblings on social media that a protest connected to the Ottawa convoy could come to the city. Erica Vella has more.

Erica Vella city Ottawa Citi Parke

Rapid tests to be made available for free at Ontario grocery stores, pharmacies

Whether you’re heading to the pharmacy to pick up a prescription or doing your groceries, you’ll now be able to pick up a kit of rapid antigen tests for free. It comes as COVID-19 cases across Ontario are on the decline and the province prepares to lift additional public health measures of the coming weeks.

Brittany Rosen covid-19 testing Health

B.C. bringing in vaccine mandate for all remaining health-care workers

COVID-19, the province is finally implementing the policy.Provincial health officer Dr. Bonnie Henry announced on Wednesday family doctors, dentists, chiropractors, physiotherapists and pharmacists will be required to be vaccinated by March 24, 2022.Henry said there is a process in place for medical exemptions, which can be submitted to her office.“We have been working with the colleges to sort through the details on the notice we put forward in October.

Bonnie Henry covid-19 vaccine Health

2 men charged in string of New Castle County residential burglaries

NEW CASTLE, Del. - Police in New Castle County arrested two men they say are behind a string of home burglaries. Police say the men chose their victims because of their ethnicity.They say crimes similar to these have been reported to multiple police agencies from outside the state, including as far south as Georgia.Watches, jewelry, designer bags and sneakers.

China India Pakistan state Delaware county New Castle Georgia Vietnam Twitter reports Target

Smithsonian Museum is asking for pictures from Disney vacations

FILE - Crowds fill Main Street USA in front of Cinderella Castle at the Magic Kingdom on the 50th anniversary of Walt Disney World. Vacation photos have a new use.The Smithsonian National Museum of American History is asking for vacation photos from Disneyland in California or Disney World in Florida.

Orlando Sentinel Usa state California state Florida Parke Landmark

Govt. program does not pay for crack pipes, White House says

Man holding a crack pipe. WASHINGTON (AP) - Following outrage on the political right, the Biden administration said Wednesday that a grant program to help prevent additional harm to people who use illicit drugs will not pay for safer pipes to smoke crack or meth."No federal funding will be used directly or through subsequent reimbursement of grantees to put pipes in safe smoking kits," Health and Human Services Secretary Xavier Becerra and White House drug policy adviser Rahul Gupta said in a statement.White House press secretary Jen Psaki said separately that was never the intention, complaining that impression was created by "inaccurate reporting."Monday was the deadline for service organizations and state and local governments to apply for a share of $30 million in federal money for "harm reduction" efforts intended to prevent disease, injury and other collateral trauma to people addicted to illicit drugs.RELATED: 93,000 Americans died of overdoses last year, a new recordThe original request for funding proposals from the Substance Abuse and Mental Health Services Administration had listed "safe smoking kits/supplies" among the items that could be purchased with taxpayer money.

Xavier Becerra Jen Psaki Usa Washington prevention Health reports

COVID-19: Ontario health minister says ‘not in the clear’ yet to end proof of vaccination, masking

As Alberta and Saskatchewan drop most COVID-19 restrictions, Ontario Health Minister Christine Elliott said on Wednesday there was no plan to drop the proof of vaccination or masking requirements yet as the province is “not in the clear” to do so.

Christine Elliott covid-19 vaccine Health

The Healing: Black men yoga takes shape to combat mental health

CHICAGO - When friends Tristan Lewis and Andrew Smith invited a few Black men to take part in a yoga class in Chicago in 2020, they didn’t know it would spur a nationwide movement.The two men created The Healing, a nonprofit aimed at promoting mental health for Black men and offering resources for improvement. Services include events where participants can share with each other about various struggles or sessions with mental health professionals.Most notably, the organization offers virtual yoga classes for Black men with the next one scheduled to place on Feb.

Andrew Smith Usa city Chicago death 2020 Health

Green Day singer Billie Joe Armstrong's stolen classic car recovered in OC

LOS ANGELES, CALIFORNIA - NOVEMBER 24: Billie Joe Armstrong of Green Day performs onstage during the 2019 American Music Awards at Microsoft Theater on November 24, 2019 in Los Angeles, California. (Photo by Kevin Winter/Getty Images for dcp) ORANGE, Calif. - The Costa Mesa Police Department announced Wednesday the cherished classic car belonging to Green Day’s lead vocalist, Billie Joe Armstrong, has been recovered days after it was reported stolen.Green Day, formed in San Francisco's East Bay Area, is a Grammy award-winning rock band whose biggest hits include "Wake Me Up When September Ends," "When I Come Around," and "Holiday." The band's music is also featured in the musical "American Idiot." On the morning of Feb.

Billie Joe Kevin Winter Usa state California San Francisco Los Angeles, state California city Los Angeles, state California county Wake county Green Department reports BAY

Camden officials distribute KN95 masks, as slow rollout of free masks nationwide begins

CAMDEN, N.J. - Thousands of KN95 masks, recently donated by Cooper University Hospital, were given out in Camden County Wednesday, by city officials, in an effort to help halt the spread of COVID-19.Last month, the U.S. Government announced it would be handing out 400 million N95 masks to everyone in the country and those masks have started to appear in some stores.

state New Jersey county Camden Government mask Camden

Lanarkshire locals encouraged to beat winter blues with health walks

Lanarkshire locals are being encouraged to shake off the winter blues with free health walks throughout the area.

county Morrison sports Coronavirus Health

‘It’s a lot’: At least 2M Quebecers infected during fifth wave of COVID-19 pandemic

COVID-19: Quebec announces staggered reopening plan through to mid-March Nearly one million infections have occurred since Dec. 31, Boileau said.The government on Tuesday presented a road map to gradually lifting restrictions over the coming weeks, with most expected to be gone by March 14 — except mask mandates and the vaccine passport system.

province While hospital covid-19 Health

Franklin Templeton to hire independent advisor to wind up six debt schemes

MUMBAI: Franklin Templeton India is in the process of appointing an independent advisor to wind up six of its yield-oriented managed credit funds, said a company spokesperson.

Franklin Templeton India city Mumbai covid-19 president pandemic

RBI offers mutual funds a breather, opens liquidity window

MUMBAI : The central bank on Monday opened a ₹ 50,000-crore special credit facility to help mutual funds (MFs) tide over redemption pressures caused by the collapse of six Franklin Templeton funds and prevent panicked investors from withdrawing their money in the midst of a crisis.

Franklin Templeton India city Mumbai covid-19 outbreak crisis prevention

Global sentiment, RBI moves drive markets rally

Positive global sentiment and Reserve Bank of India’s liquidity push for mutual funds drove aided in extension of rally in Indian markets on Monday. The BSE Sensex ended at 31,743.08, up 415.86 points or 1.33% while the 50-share index was at 9,282.30, up 127.90 points or 1.40%.

Franklin Templeton India virus covid-19 2020 shock

RBI's special window for mutual funds works as a soother, not a cure

India’s central bank wants lenders to give money to the troubled mutual fund industry.

Franklin Templeton India covid-19 Government shock

₹50,000 crore special liquidity facility for mutual funds

Mumbai: The Reserve Bank of India on Monday announced a special liquidity facility of ₹50,000 crore for mutual funds in the wake of the winding up of six debt funds by Franklin Templeton.

Franklin Templeton India city Mumbai covid-19 strain

₹50,000 crore special liquidity facility for mutual funds

To ease liquidity pressures on mutual funds, Reserve Bank of India today announced a special liquidity facility of ₹50,000 crore for mutual funds. The RBI reiterated that it "remains vigilant and will take whatever steps are necessary to mitigate the economic impact of COVID-19 and preserve financial stability."

Franklin Templeton India covid-19 2020 pandemic Coronavirus

Franklin Templeton: When the cult of star fund managers fails

MUMBAI : Street smart, aggressive, bold are some of the common adjectives that peers have used to describe Santosh Kamath over the past few days after fund house Franklin Templeton's drastic decision to shut down six debt schemes.

Franklin Templeton India city Mumbai city Santosh covid-19 2020 crisis stars

Star Franklin Templeton manager burns in the very market he helped create

Santosh Kamath, CIO for fixed-income, is widely acknowledged as having helped build the market for credit rated below AAA in India as a major buyer of those assets

Franklin Templeton India city Santosh pandemic stars strain Coronavirus

Franklin Templeton winding up six schemes a matter of grave concern: Chidambaram

'I recall that a similar situation arose in the first week of October 2008. An urgent meeting was convened and a solution was found by the end of the day,' says former finance minister

P.Chidambaram Franklin Templeton city New Delhi covid-19 Government crisis Coronavirus

Amfi in damage control mode after Franklin shuts funds

Liquidity, maturity profile and credit quality for other debt funds is appropriate for day-to-day operations to continue uninterruptedly, Amfi said

Franklin Templeton India city Mumbai covid-19 president

Brokers body seeks Sebi, FinMin intervention as Franklin closes 6 MF schemes

Such an extreme step has created panic among their investors as well as mutual fund investors in other debt schemes across AMCs, says ANMI

Franklin Templeton India city Mumbai covid-19 experts information

A chase for high yields landed Franklin Templeton in a lockdown

MUMBAI : Franklin Templeton India’s decision to shut down six debt schemes can be traced to its recent predilection for taking credit risks and chasing yields, particularly in schemes where the fund was ideally not supposed to take credit risks. The worsening economic situation has further soured the credit risk in the fund's books, leading to huge redemption pressure, forcing the fund to shut down the debt schemes.

Franklin Templeton India city Mumbai county Franklin covid-19 president 2020 pandemic

Franklin Templeton effect: AMFI assures money in debt schemes safe

MUMBAI: In the aftermath of Franklin Templeton India winding down six debt schemes, the Association of Mutual Funds in India (AMFI) on Friday rushed to assure investors that their money in debt schemes is safe.

Franklin Templeton India city Mumbai covid-19 pandemic

AMC stocks weak as Franklin Templeton shuts six debt schemes

Mumbai: Shares of HDFC Asset Management Company tanked 6% and Nippon Life India Asset Management tumbled 12.7% on Friday on fears of increased redemption pressure after Franklin Templeton Mutual Fund announced the winding up of six of its debt schemes.

Franklin Templeton India city Mumbai county Franklin covid-19 recommendations economy crisis

Franklin Templeton shuts six debt schemes. What does it mean for debt investors?

It looks like the woes of debt fund investors are far from over. In an unprecedented move, Franklin Templeton Mutual Fund has announced the winding up of six of its debt schemes as it faced severe redemption pressure and illiquidity in the bond markets due to the ongoing covid-19 crisis. The schemes that Franklin Templeton Mutual Fund is going to close include Low Duration Fund, Ultra Short Bond Fund, Short Term Income Plan, Credit Risk Fund, Dynamic Accrual Fund and Income Opportunities Fund. According to data available on the Value Research website, these schemes collectively hold assets of ₹30,853 crore in their collective portfolio, as of end of March.

Franklin Templeton covid-19 experts crisis prevention

Covid-19 impact: Franklin Templeton shuts down 6 yield oriented credit funds

Mumbai: Franklin Templeton Mutual Fund in India on Thursday announced shutting down of six of its yield oriented managed credit funds owing to the severe illiquidity and redemption pressures caused by the Covid-19 pandemic.

Franklin Templeton India city Mumbai county Franklin covid-19 president pandemic crisis

United States	Cases: 46 252 513 Deaths: 750 423 Recovered: 0
India	Cases: 34 321 025 Deaths: 459 652 Recovered: 0
Brazil	Cases: 21 835 785 Deaths: 608 235 Recovered: 0
United Kingdom	Cases: 9 215 683 Deaths: 141 607 Recovered: 0
Russia	Cases: 8 494 589 Deaths: 237 619 Recovered: 0

RBI's liquidity measures late in saving Franklin Templeton schemes

Related News