Fugitive Economic Offenders Bill to cover wide-ranging white-collar crimes

Fugitive Economic Offenders Bill to cover wide-ranging white-collar crimes The provisions of the fugitives bill, introduced in the Lok Sabha on Monday, will apply to those involved in loan defaults, bank frauds, tax evasion, black money, benamy transactions and corruption The government on Monday introduced a bill in the Lok Sabha seeking punitive powers to […]

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Growth engine gets twin boost from IIP, CPI data

Growth engine gets twin boost from IIP, CPI data India’s industrial growth accelerated in January while inflation eased for the second month running in February, providing a twin boost to the economy and suggesting overall economic growth could accelerate further from the five-quarter high recorded in the October-December period. Industrial production growth rose higher than […]

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Ease lender approval norms for resolution plans: Govt panel

Ease lender approval norms for resolution plans: Govt panel In a move aimed at ensuring that small creditors do not disrupt the resolution process under the bankruptcy law, a governmentappointed panel has suggested that a revival plan can be approved if two-thirds of the creditors endorse it against the current requirement of three-fourths. This is […]

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SEBI may impose restrictions on algo trade

SEBI may impose restrictions on algo trade The Securities and Exchange Board of India (Sebi) is planning to impose restrictions on algorithmic trading by introducing a congestion charge for a prescribed slab that will be levied on traders. The move is aimed at ensuring that algorithmic trading doesn’t give market participants an unfair advantage over […]

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SEBI seeks relaxed rules for municipal bodies eyeing bond market

SEBI seeks relaxed rules for municipal bodies eyeing bond market SEBI has approached the government to allow municipal corporations and municipalities to access the bond market through pooled finance The capital markets regulator has approached the government to allow municipal corporations and municipalities to access the bond market through pooled finance, two people aware of […]

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