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We study the reform of China's state-owned enterprises (SOE) with a focus on the corporatization of SOEs. We first document the empirical patterns of the "grasp the large and let go of the small" policy. To quantify the implications of the reform for aggregate output and TFP, we build a three-sector firm dynamics model featuring financial frictions and endogenous firm-type choices. Our calibrated model shows that the SOE reform can increase long-run TFP by encouraging the exit of the least efficient firms in the state sector, but the magnitude of TFP growth also depends on the efficiency in capital reallocation. In the short run, corporatization increases aggregate output and TFP because it allows the most productive SOEs to have a higher borrowing capacity than they would under privatization. [ABSTRACT FROM AUTHOR]

The article focuses on the debt limit, outlining its role in limiting the Treasury's borrowing capacity for federal operations and highlighting potential consequences and options for U.S. Congress. It discusses how maintaining or raising the debt limit, as well as using "extraordinary measures," impacts the federal budget and the potential economic ramifications.

Mehai Technology has announced that a board meeting will be held on September 2, 2024, at their corporate office in Kolkata, India. The meeting will address several matters, including a change in the company's Object Clause, granting further borrowing power to the Board of Directors, increasing the power of the Board to make investments and provide loans, guarantees, and securities, and the potential shifting of the company's registered office. The information provided is in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. [Extracted from the article]

Paisalo Digital has announced the outcome of its board meeting, stating that it has given its in-principle approval to raise funds through the issuance of eligible securities. The company also plans to increase its authorized share capital and has appointed Dr. Dharmendra Singh Gangwar as an additional non-executive independent director. Additionally, the board has approved a borrowing limit and the creation of charges on movable and immovable properties. The meeting took place from 10:00 am to 10:40 am. [Extracted from the article]