EPFO’s investment in corporate debt to reduce to 20%

EPFO’s investment in corporate debt to reduce to 20% 2017-18, the EPFO is estimated to receive Rs 1.28 trillion as contribution from employees The Employees’ Provident Fund Organisation (EPFO) will substantially reduce investing its incremental income in debt instruments due to paucity of corporate bonds in the market. The government had decided that EPFO will […]

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Errors in GST returns filing a hurdle in issuing tax refunds to exporters: CBEC

Errors in GST returns filing a hurdle in issuing tax refunds to exporters: CBEC Errors in GST returns, pertaining to either the summary of transactions, purchases, sales or a comprehensive filing of transactions are causing delays in processing claims, says CBEC chief Vanaja SarnaErrors in GST returns filing are coming in the way of disbursing […]

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RBI releases ombudsman scheme for NBFCs

RBI releases ombudsman scheme for NBFCs An RBI officer, not below the rank of general manager, will be appointed by the regulator as the ombudsman with territorial jurisdiction being specified by RBI The Reserve Bank of India (RBI) on Friday issued an ombudsman scheme for non-banking finance companies (NBFCs), offering a grievance redressal mechanism for […]

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Govt tightens norms for removal of independent directors

Govt tightens norms for removal of independent directors Independent directors appointed for a second term at corporates can now be removed only by a special resolution passed by shareholders, with the government tightening the rules.Before removal, such independent directors should also be given “reasonable opportunity of being heard”, according to the corporate affairs ministry. The […]

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SEBI sets conditions on promoters selling holdings to achieve MPS norms

SEBI sets conditions on promoters selling holdings to achieve MPS norms The Securities and Exchange Board of India (Sebi) has set conditions on promoters selling their holdings in the open market to achieve minimum public shareholding (MPS) norms. The regulator has issued a list of disclosures that companies will have to make at least a […]

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Sebi may tighten AIF regulations to better monitor the source of funding

Sebi may tighten AIF regulations to better monitor the source of funding The regulator may also conduct regulatory audits on the AIFs to examine the fund sourcing arrangements it has entered into with its investors to ensure that the present regulations are not violated The Securities and Exchange Board of India (Sebi) plans to tighten […]

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SEBI plans safeguards for overseas investors taking private bank route

SEBI plans safeguards for overseas investors taking private bank route The Securities and Exchange Board of India (Sebi) is planning checks and balances on overseas investors taking the ‘private bank route’ to invest in domestic markets. The move comes after several industry players expressed concerns that the new route allowed by the Sebi could be […]

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MSCI will continue to get data for ETFs: NSE

MSCI will continue to get data for ETFs: NSE The National Stock Exchange (NSE) plans to continue to provide data to global index providers, including the MSCI, to enable overseas investors to take exposure to the Indian market through their exchange-traded funds (ETFs). There were concerns among market participants on whether the domestic exchanges would […]

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