Trading through mobile app may need eye sacn :SEBI

Trading through mobile app may need eye sacn :SEBI With the aim to enhance cyber security, market regulator SEBI is looking to put in place a new set of guidelines, wherein fingerprint or eye-scan will be required for stock trading through mobile applications.The market watchdog has sought comments from the market participants such as brokers, […]

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Sebi’s circular naming defaulters draws flak; companies approach FinMin

Sebi’s circular naming defaulters draws flak; companies approach FinMin The list featured some prominent names like SBI Capital, Axis Capital, GMR Holdings, United Breweries, Alpic Finance, Saradha Realty, United Bank of India &Trident India Market regulator Securities and Exchange Board of India (Sebi) is once again caught on the wrong foot, and this time for […]

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Homebuyers, MSMEs may Get IBC Relief

Homebuyers, MSMEs may Get IBC Relief Govt plans ordinance to ease disqualifications under Section 29A, clarify definition of a related party The government could soon promulgate an ordinance to make changes to the Insolvency and Bankruptcy Code that will provide relief to small businesses and homebuyers, relax disqualifications under Section 29A and clarify the definition […]

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Banks told to Shell Out Tax on ‘Free Services’ to Customers

Banks told to Shell Out Tax on ‘Free Services’ to Customers I-T dept to levy tax on services provided to users maintaining minimum a/c balance The tax department has asked country’s top lenders including State Bank of India, HDFC Bank, ICICI Bank, Axis Bank and Kotak Mahindra Bank to pay tax that could run into […]

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Sebi proposed as regulator for spot commodity exchanges for gold, metals

Sebi proposed as regulator for spot commodity exchanges for gold, metals Govt agreeable in principle to this suggestion, though Sebi itself is not Spot commodity exchanges for gold, metals and even energy products like natural gas could see the light of day under the Securities and Exchange Board of India (Sebi) as the regulator. This […]

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Social Security Plan Gets PMO Nod, Rollout Likely in 3 Phases

Social Security Plan Gets PMO Nod, Rollout Likely in 3 Phases Workers will be classified into four categories with the poorest being the first beneficiaries The Prime Minister’s Office (PMO) has given its approval to the labour ministry proposal on universal social security cover for 500 million workers, including those in the farm sector, seeking […]

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Govt to Assess Viability of Employees Pension Scheme

Govt to Assess Viability of Employees Pension Scheme The labour ministry looks to appoint an actuary to assess if the Employees’ Pension Scheme (EPS) is sustainable over a long term. The EPS, 1995 is one of the three schemes meant for old-age social security of employees run by the Employees’ Provident Fund Organisation (EPFO). The […]

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MCA zeroes in on 225,000 more suspected shell companies

MCA zeroes in on 225,000 more suspected shell companies P P Chaudhary said the ministry had received a report from the Institute of Chartered Accountants of India (ICAI) on systemic issues that led to the PNB fraud The government is intensifying its drive against shell companies. After taking action against 226,000 shell companies last year, […]

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Hawkish RBI minutes rattle currency, gilts; rupee plunges to 13-month low

Hawkish RBI minutes rattle currency, gilts; rupee plunges to 13-month low The market was nervous after Reserve Bank of India (RBI) Deputy Governor Viral Acharya gave hints of a policy tightening The jubilation over low first-half borrowing was short-lived for the bond market. The 10-year bond yield hit 7.79 per cent in Friday morning trade, […]

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PFRDA makes bank a/c, mobile number mandatory for NPS subscribers

PFRDA makes bank a/c, mobile number mandatory for NPS subscribers Pension fund regulator PFRDA has made bank account details and mobile number mandatory for subscribers of national pension scheme (NPS), the finance ministry said today. Further, in compliance with the Prevention of Money Laundering Act (PMLA) guidelines, the Pension Fund Regulatory and Development Authority (PFRDA) […]

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