PM Modi inaugurates IMC 2022 exhibition, experiences 5G tech by different operators

Prime Minister Narendra Modi on Saturday inaugurated the India Mobile Congress (IMC) 2022 exhibition ahead of the formal launch of 5G mobile telephony services in India.

After inaugurating the exhibition at Pragati Maidan, he went around pavilions set up by different telecom operators and technology providers to get a first-hand experience of what 5G can do.

He started with Reliance Jio's stalls, where he witnessed the 'True 5G' devices displayed and experienced the use case through Jio Glass. Flanked by Telecom Minister Ashwini Vaishnaw and billionaires Mukesh Ambani of Reliance, Sunil Bharti Mittal of Bharti Airtel and Kumar Mangalam Birla of Vodafone Idea, he spent time understanding the indigenous development of end-to-end 5G technology.

He thereafter visited stalls of Airtel, Vodafone Idea, C-DOT and others.

After its board meeting, the Securities and Exchange Board of India (Sebi) has allowed net settlement of cash segment and F&O (futures and options) segment upon expiry of stock derivatives.

The decision has been taken to facilitate efficient settlement, according to a statement from the national markets regulator.

Earlier, the obligations arising out of cash and F&O segments were being settled separately. Now, they shall be settled on a net basis.

This move will especially help traders who can now offset marked-to-market losses in their F&O trade that requires physical delivery by using their holding in the cash segment.