Chinese economic activity surged in the first two months of 2021 when compared with the same coronavirus-battered period last year, though the picture was less rosy when weighed against growth momentum in the final months of 2020, the Wall Street Journal reported. Economic data released Monday by China’s National Bureau of Statistics showed industrial production, consumption, investment and home sales in January and February all jumping by more than 30% from the same period a year earlier, when the Chinese economy was largely shut down to contain the fast-spreading coronavirus.

The dedicated bankruptcy court has admitted the Corporate Insolvency Resolution Process (CIRP) against BSE-listed Manpasand Beverages Ltd, the Economic Times of India reported. The Ahmedabad bench of the National Company Law Tribunal (NCLT) has appointed Arpan Maheshkumar Shah as Interim Resolution Professional for the company.

India will propose a law banning cryptocurrencies, fining anyone trading in the country or even holding such digital assets, a senior government official told Reuters in a potential blow to millions of investors piling into the red-hot asset class. The bill, one of the world’s strictest policies against cryptocurrencies, would criminalise possession, issuance, mining, trading and transferring crypto-assets, said the official, who has direct knowledge of the plan.

India’s markets regulator unveiled new rules late Wednesday that will limit investments by mutual funds in some debt instruments, after investors suffered losses from writedowns on riskier bonds last year, Bloomberg News reported. The regulations, which take effect April 1, relate to debt such as some securities sold by banks which have features that allow losses to be imposed on creditors before equity holders, according to a circular from the Securities & Exchange Board of India.