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Concerns over fiscal discipline present as KKDW spent billions above approved allocations

THE Rural and Regional Development Ministry (KKDW) has repeatedly spent well above its approved allocations for rural road projects, with the Federal Treasury warning that such commitments could place further pressure on the country’s finances. Chief...

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MSCI to drop Swiggy from global indices on September 7

Global index providers MSCI and FTSE are set to revise Swiggy's index treatment shortly. MSCI is removing Swiggy from global indices, which will lead to considerable passive outflows.

  • MSCI to drop Swiggy from global indices on September 7
  • FTSE to adjust Swiggy's investability weight on same date
  • Estimated $330 million in passive outflows from changes

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