CURRENT AFFAIRS

Detailed explanation-1: -In order to support road sector investment plans of the Indian government, Asian Development Bank(ADB) has signed an agreement to invest $23 million in non-convertible debentures(NCD) being issued by GRIL(GR Infraprojects Limited).

Detailed explanation-2: -Minimum investment Usually investors can start investing with amounts as low as Rs 10000/‐.

Detailed explanation-3: -What exactly happens when a NCD matures? Is money transferred to bank account like in the case of FD or we have to manually sell it? The unit gets debited from demat account, and they will credit amount to the bank account which has linked to your demat account.

Detailed explanation-4: -An NCD is short term, with maturities ranging from two weeks to one year. Interest is usually paid either twice a year or at maturity, or the instrument is purchased at a discount to its face value. Interest rates are negotiable, and yield from an NCD is dependent on money market conditions.

Detailed explanation-5: -The debentures which can’t be converted into shares or equities are called non-convertible debentures (or NCDs). Description: Non-convertible debentures are used as tools to raise long-term funds by companies through a public issue.