Business and Economic News
Air India handed over to Tata Group (January 28, 2022)
The government on January 27, 2022 Thursday officially handed over Air India to the Tata group. The Tata Group now takes full control of the iconic 'Maharaja'. The government has notified the agreement between Air India and special purpose vehicle AIAHL for the transfer of non-core assets.
The strategic disinvestment transaction of Air India successfully concluded today with the transfer of 100 per cent shares of Air India to Talace Pvt. Ltd. along with management control. A new Board, led by the Strategic Partner, takes charge of Air India, Secretary, DIPAM stated.
Banking and Insurance
RBI Working Paper No. 05/2022: Quantifying Survey-based Qualitative Responses on Capacity Utilisation - An Analysis for India (January 27, 2022)
The Reserve Bank of India placed on its website a Working Paper titled “Quantifying Survey-based Qualitative Responses on Capacity Utilisation - An Analysis for India” under the Reserve Bank of India Working Paper Series. This paper focuses on examining the efficacy of survey-based qualitative information on Capacity Utilisation (CU) intracking or predicting quantitative estimates of CU, which helps to assess economic slack and provides useful insights into the overall demand situation, inflationary pressure and investment conditions prevailing in the economy.
SEBI Circular 
Introduction of Special Situation Funds as a sub- category under Category I AIFs (January 27, 2022)
SEBI has amended the SEBI (Alternative Investment Funds) Regulations, 2012 on January 24, 2022, to
introduce Special Situation Funds (SSF), a sub-category under Category I AIF, which shall invest in ‘special situation assets’. SEBI has specified that each scheme of SSF shall have a corpus of at least one
hundred crore rupees. SSF shall accept an investment of value not less than ten crore rupees from an investor. In case of an accredited investor, the SSF shall accept an investment of value not less than five crore rupees.
Further, in case of investors who are employees or directors of the SSF or employees or directors of the
manager of the SSF, the minimum value of investment shall be twenty-five lakh rupees.

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