Retail investors in IPOs to get compensation: Sebi

Retail investors in IPOs to get compensation: Sebi Sebi said there should be a uniform policy for calculation of the minimum compensation payable to investors Market regulator Sebi on Thursday said retail investors applying for shares in IPOs would need to be compensated if bankers fail to make the allotment despite their eligibility. Besides, the […]

Continue Reading

RBI asks banks to accept coins of all denominations from public

RBI asks banks to accept coins of all denominations from public Banks should not refuse to accept coins of all denominations from customers and any non-compliance may result into penal action, the Reserve Bank said today. Despite advisory that none of the bank branches should refuse to accept small denomination notes or coins tendered at […]

Continue Reading

Tax collection assumptions in India’s budget ambitious: IMF

Tax collection assumptions in India’s budget ambitious: IMF The IMF today said the tax collection assumptions in India’s budget is ambitious but there is a need to look into the fiscal implications of some of the initiatives that are presently unfunded. Referring to some of the implementations relating to the goods and services tax (GST) […]

Continue Reading