Private bank route for foreign portfolio investors may be non-starter

Private bank route for foreign portfolio investors may be non-starter Seems unlikely to elicit significant interest from investors after Sebi’s decision to keep NRIs out The Securities and Exchange Board of India’s (Sebi’s) decision to disallow resident Indians, non-resident Indians (NRIs) and those under the Overseas Citizen of India (OCI) category from investing through private […]

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SEBI plans new framework to check non-compliance of listing rules

SEBI plans new framework to check non-compliance of listing rules The firms may be suspended for six months and subsequently, the process of compulsory delisting would be initiated SEBI plans to put in place a stronger mechanism to check non-compliance of listing conditions, wherein exchanges will have powers to freeze promoter shareholding and even delist […]

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Govt tries to soothe bond market jitters; to borrow Rs 2.88 trn in H1FY19

Govt tries to soothe bond market jitters; to borrow Rs 2.88 trn in H1FY19 Borrowing in first half to be 47.5% of budgeted amount for 2018-19 Bond dealers were in for a surprise as the government on Monday moved to ease pressure on the market considerably by reducing the first-half borrowing programme to 47.5 per […]

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High-level panel on IBC review may stick to 270-day resolution deadline

High-level panel on IBC review may stick to 270-day resolution deadline A company’s assets will be liquidated after 270 days A high-level panel set up to review the Insolvency and Bankruptcy Code (IBC) is likely to have recommended against extending a 270-day moratorium for restructuring a company after its case is admitted by the National […]

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IMF may revise India’s fiscal deficit upwards by 0.3% of GDP in WEO report

IMF may revise India’s fiscal deficit upwards by 0.3% of GDP in WEO report The Union government has maintained that the bank recapitalisation will be cash-neutral on its finances The International Monetary Fund’s (IMF’s) upcoming World Economic Outlook (WEO) report may paint a less rosy picture of the government’s fiscal consolidation plan, with the ambitious […]

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RBI to keep policy rates on hold, maintain neutral stance: Report

RBI to keep policy rates on hold, maintain neutral stance: Report The Reserve Bank is expected to keep policy rates on hold and maintain its neutral stance at the ensuing policy review meet early next month, says a Morgan Stanley report. According to the global financial services major, although India’s economic growth is on an […]

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Changing the Code: Boost for Home Buyers, MSMEs

Changing the Code: Boost for Home Buyers, MSMEs IBC panel: Allow MSME owners who aren’t wilful defaulters to bid, treat home buyers as creditors The Insolvency and Bankruptcy Code review panel called for sweeping changes in the law aimed at easing insolvency rules for small enterprises and providing relief to home buyers by treating them […]

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Niti Aayog Panel Moots Jewellery Parks, Lower Import Duty on Gold

Niti Aayog Panel Moots Jewellery Parks, Lower Import Duty on Gold A Niti Aayog panel suggested lowering of import duty on gold, setting up of jewellery parks to encourage local manufacturing, making mining viable and “financialisation” of the metal’s holding among steps to transform India’s gold market. The Economic Times, New Delhi, 27th March 2018

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RERA Creates a Rs10k-cr Business for Cover Firms

RERA Creates a Rs10k-cr Business for Cover Firms TITLE INSURANCE for all projects was made compulsory for builders under the Realty Act The Real Estate Regulatory Act (RERA) has made it compulsory for developers to get title insurance for all projects, opening a new segment of over Rs 10,000 crore for insurance companies. Insurance companies […]

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