SEBI
SEBI releases FAQs on delisting of equity shares
These
FAQs offer only a simplistic explanation/clarification of
terms/concepts related to the SEBI (Delisting of Equity Shares)
Regulations, 2009 [“Delisting Regulations, 2009”]. Any such
explanation/clarification that is provided herein should not be regarded
as an interpretation of law nor be treated as a binding
opinion/guidance from the Securities and Exchange Board of India
[“SEBI”]. For full particulars of laws governing the delisting of equity
shares, please refer to [….] Read more at:
NSE, Sebi hold investor awareness programme in Srinagar
Leading
bourse NSE along with market regulator Sebi, J&K Bank and
University of Kashmir today held an investor awareness programme
at Srinagar to help people from Jammu and Kashmir take effective
financial decisions. The National Stock Exchange (NSE) also inked a pact
with University of Kashmir to offer students post graduate course on
financial market from the next academic year. "At the seminar today,
investors were educated about the investor grievance redres [….] Read
more at:
RBI
Deepak Singhal appointed as new Executive Director at RBI
Shri
Deepak Singhal has taken over as the new Executive Director at the
Reserve Bank of India today, November 2, 2015. He will look after
Central Security Cell, Corporate Strategy and Budget Department,
Department of Corporate Services, Human Resource Management Department
(including HR Operations Unit), Rajbhasha Department and Right to
Information Act Division. Shri K. K. Vohra, Executive Director, who was
earlier looking after these Departments will now look after the Deposit
[….] Read more at:
'FSLRC's assault on the RBI'
Ever
since the Financial Sector Legislative Reforms Commission (FSLRC)
report, the Indian Financial Code and the revised IFC Code were
published by the government, there has been a debate on whether the
suggestion of an entirely new set of laws for the financial sector is
worth doing. One of the most trenchant and well-informed critics has
been S S Tarapore, who retired 19 years ago as a deputy governor of the
Reserve Bank of India (RBI). Mr Tarapore's comprehension of the issues
involved [….] Read more at:
Economy & News
Audit and consultancy firm PricewaterhouseCoopers India roped in to beef up Aadhaar security
With
concerns related to privacy and security threatening the very existence
of the Aadhaar project, the Unique Identification Authority of India
(UIDAI) has employed the services of an external agency to carry out
periodic audits of Aadhaar's infrastructure as well as that of its
partners for any security hazards. Audit and consultancy firm
PricewaterhouseCoopers India has been roped in for building an
additional layer of oversight by reviewing the security of the entire
ecosystem that [….] Read more at:
Tax road map to deal with disputes in works: Revenue Secretary Hasmukh Adhia
India
is preparing a plan to deal with the problem of a large number of tax
disputes, a top finance ministry official said, in a bid to clear an
almost intractable issue that's given the country's investment regime a
bad name. "We are preparing a roadmap separately for dealing with the
existing tax litigation," Revenue Secretary Hasmukh Adhia said on Monday.
'Tax terrorism' has become part of the vocabulary in the country to
describe the highpitched stance taken by the authorities, especially the
[….] Read more at:
India in talks with Japanese lenders to raise more funds for highway projects
India
has initiated talks with Japanese lending agencies for funding of its
ambitious highways programme which entails addition of over 50,000 km
over the next five years. Road Transport and Highways Minister Nitin
Gadkari held a discussion with representatives of Japan Bank for
International Cooperation (JBIC) last week for increasing its lending to
India, a senior ministry official said. "We want funding on soft terms
for highways and expressways projects," said the official, w [….]
Read more at:
No discussion on any new APEC membership: US
Amid
reports that India asked the Philippines to support its candidature for
joining APEC, the US today said at present there is no discussion on
"any new membership" to the powerful forum of 21 Pacific Rim countries.
In an interaction with foreign journalists here, Deputy US Assistant
Secretary of State and Senior Official for APEC Matt Matthews said
currently there is "no discussion" within the grouping on new
membership. Decisions within Asia Pacific Economic Cooperation [….]
Read more at:
Rs 55,897 crore grant will be a game changer for Arunachal Pradesh: Jayant Sinha
The
14th Finance Commission grant of Rs 55,897 crore for the next five
years will serve as a game changer to overcome all communication and
infrastructure problems confronting Arunachal Pradesh, Union Minister of
State for Finance Jayant Sinha has said. "This is much higher as
against Rs 44,066 crore by the Centre during 2014-15," Sinha said. The
Minister, on his maiden visit to review progress of Pradhan Mantri Jan
Dhan Yojana (PMJDY), Mudra Yojana, Pradhan Mantri Surakshya [….]
Read more at:
Thanks & Regards,
Meetesh Shiroya
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