SEBI may allow metal ETFs to attract retail investors

SEBI may allow metal ETFs to attract retail investors Market regulator Sebi is considering allowing exchange-traded funds (ETF) based on metals like silver and platinum to encourage participation of retail and institutional investors in these market instruments, senior officials said. In global markets ETFs are based on equities, commodities and metals but in India these […]

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Pre-2016 Startups may Get Breather from Angel Tax

Pre-2016 Startups may Get Breather from Angel Tax Finmin sends proposal to DIPP; tax officials asked not to pursue cases against startups New Delhi : India could shield startups floated prior to 2016 from the socalled angel tax to boost entrepreneurship in the country. The finance ministry has started discussions with the Department of Industrial […]

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NSE’s revenues from its frozen co-location facility climb to Rs 9.45 bn

NSE’s revenues from its frozen co-location facility climb to Rs 9.45 bn The National Stock Exchange of India’s (NSE’s) revenues from its co-location facility, frozen into a separate bank account, have climbed to Rs 9.45 billion. The exchange will not be able to access these funds till the time an investigation into wrongdoings at its […]

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Centre cuts PSUs’ budgetary support

Centre cuts PSUs’ budgetary support Enterprises expected to finance capital spending of Rs 4.78 trillion in 2018-19 The Centre has cut budgetary support for capital spending by public sector enterprises (PSEs) to Rs 1.76 trillion in 2018-19, from Rs 1.82 trillion in 2017-18 (Revised Estimates or RE) However, if recapitalisation to public sector banks is […]

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Sebi board to meet on 10 February; Jaitley to brief members on budget

Sebi board to meet on 10 February; Jaitley to brief members on budget The Securities and Exchange Board of India (Sebi) board is likely to discuss on 10 February various budget proposals related to the securities market and the Uday Kotak panel recommendations on corporate governance, among other issues, a senior official said. Finance minister […]

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RBI seen keeping rates on hold, may flag risks of higher MSP on inflation

RBI seen keeping rates on hold, may flag risks of higher MSP on inflation The Reserve Bank of India (RBI)’s monetary policy committee (MPC) is likely to keep interest rates unchanged on Wednesday as the risk of inflation breaching the central bank’s 4% target again has heightened, say economists. Of the 15 economists surveyed by […]

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