Opinion | Biden, Tepid in the Face of Catastrophe

By Charles M. Blow

Opinion Columnist

Govt. may raise over ₹10,000 crore via Bharat Bond ETF by December

Bharat Bond ETF is an exchange-traded fund that invests in debt of public sector companies.

The government is likely to launch the next tranche of the Bharat Bond ETF by December and expects to raise over ₹10,000 crore to fund growth plans of central public sector enterprises, according to a senior finance ministry official.

The official added that the fund requirements of CPSEs are being worked out and the third tranche of the exchange-traded fund (ETF) will be launched by the end of the calendar year.

"We are finalising on the amount to be raised but it would be over Rs 10,000 crore," the official said.

Bharat Bond ETF is an exchange-traded fund that invests in debt of public sector companies. The ETF currently invests only in ‘AAA’-rated bonds of public sector companies.

The funds raised through the debt ETF helps in smoothening borrowing plans of the participating CPSEs or public sector banks. It also helps them in meeting their capital expenditure needs.

The second tranche of the Bharat Bond ETF, which was launched in July 2020, was oversubscribed more than three times, collecting about ₹11,000 crore. It had fetched about ₹12,400 crore in its debut offer in December 2019.

The Bharat Bond ETF offered maturity options of five and 12 years in its second tranche, while in the first tranche, maturity options were for three and 10 years.

Edelweiss Asset Management is the fund manager of the scheme.

Pedestrian dead in hit-and-run crash on I-70 in Denver

Police in Denver are investigating a fatal hit-and-run crash on Interstate 70 overnight Saturday.

It happened on the freeway near the N. Pecos Street exit, according to a DPD tweet posted around 1 a.m. Sunday.

Police said a pedestrian on the highway was struck by a vehicle that left the scene of the crash.

The pedestrian, whose identity has not been released, was pronounced deceased at the scene, police said.

Read more at thedenverchannel.com.

Research shows the top three side hustles Britons turn to to make ends meet

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Research found 58 percent did it to make ends meet and for one in 10 it was simply a way to pursue their passion. The top secondary incomes are selling items online (19 per cent), followed by baking or catering (17 percent).

Andrew Lindsay, CEO of Utility Warehouse, which commissioned the research, said: “Postpandemic Brits are seeking work that can fit into the nooks and crannies of their lives.”

Research shows the top three side hustles Britons turn to to make ends meet

We use your sign-up to provide content in ways you’ve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. You can unsubscribe at any time. More info

Research found 58 percent did it to make ends meet and for one in 10 it was simply a way to pursue their passion. The top secondary incomes are selling items online (19 per cent), followed by baking or catering (17 percent).

Andrew Lindsay, CEO of Utility Warehouse, which commissioned the research, said: “Postpandemic Brits are seeking work that can fit into the nooks and crannies of their lives.”

Adobe will put U.S. employees on unpaid leave if they're not vaccinated by Dec. 8

• Adobe told U.S. employees Friday that they will have to be vaccinated against Covid-19 by Dec. 8 or they will be placed on unpaid leave.
• Adobe said the vaccine policy is a result of President Biden's vaccine mandate for government contractors.

Software company Adobe told U.S. employees Friday that they have to be vaccinated against Covid-19 by Dec. 8 or they will be placed on unpaid leave.

In an email to employees viewed by CNBC, Adobe said the policy was due to President Biden's executive order for federal contractors to have all employees vaccinated.

The email, which was sent by Adobe's Chief People Officer Gloria Chen, also said that 93.5% of U.S. employees who responded to an internal company survey already said they were fully vaccinated or going through their series of vaccines.

Chen said Adobe would consider religious and medical exemptions for employees who can't get the vaccine.

An Adobe spokesperson confirmed the contents of Chen's email to CNBC.

The policy echoes that of IBM, which also told U.S. employees this month that they'd have to be vaccinated or go on unpaid leave due to Biden's executive order.

Evans Food Group Recalls Pork Pellet Products

Chicago-based Evans Food Group has issued a recall of about 10,359 lbs of pork pellet products that were not presented for import re-inspection into the United States, the US Department of Agriculture’s Food Safety and Inspection Service announced.

The pork pellet products were imported on September 15, 2021 and further processed into pork rind and chicharrones items. FSIS discovered the problem during a routine FSIS surveillance activity of imported products.

These recalled products were shipped to retail locations in Arizona, California, Nevada, New Mexico, Utah and Washington.

There have been no reports of adverse reactions due to consumption of these products. FSIS has asked consumers who have purchased these products to not to consume them. These products should be thrown away or returned to the place of purchase.

The full list of the recall products can be found on FSIS official website.