Monday, 2 November 2015

Daily Updates and News


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:

http://www.business-standard.com/article/markets/nse-sebi-hold-investor-awareness-programme-in-srinagar-115110200917_1.html


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:

http://www.business-standard.com/article/beyond-business/fslrc-s-assault-on-the-rbi-115110201477_1.html



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:

http://economictimes.indiatimes.com/articleshow/49636709.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


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:

http://economictimes.indiatimes.com/articleshow/49635642.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


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:

http://economictimes.indiatimes.com/articleshow/49632661.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst


Thanks & Regards,
Meetesh Shiroya



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