Hedge fund tax rule sought by SEBI would boost demand

Hedge fund tax rule sought by SEBI would boost demand Sebi is seeking “unit-based” taxation for products broadly classified as hedge funds as part of its proposals for the union budget , according to people in the know India’s market regulator has recommended new tax rules for alternative investment funds, people familiar with the matter […]

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Govt notifies amendments to Companies Act

Govt notifies amendments to Companies Act The government on Monday notified amendments to the Companies Act 2013, aimed at making the insolvency process more effective The government on Monday notified amendments to the Companies Act 2013, aimed at making the insolvency process more effective. The Companies (Amendments) Act 2017, which received Parliament’s nod in the […]

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Insolvency professionals divided over ban on resolution outsourcing

Insolvency professionals divided over ban on resolution outsourcing The insolvency regulator’s move to ban outsourcing of resolution work is primarily targeted at insolvency professional entities (IPEs), some experts said. However, others said this step by the Insolvency and Bankruptcy Board of India (IBBI) would affect individual resolution professionals (RPs) as well. It is aimed at […]

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Shrinking footprints of foreign banks in India

Shrinking footprints of foreign banks in India Foreign banks are increasingly shrinking their presence in India and are also becoming more conservative than private and public sector counterparts. While many of them have sold some of their businesses in India as part of their global strategy, some are trying to keep their core expertise intact. […]

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SEBI should not discriminate between rating agencies

SEBI should not discriminate between rating agencies New CRAs say certain practices in the industry need to be addressed Domestic and newer creditrating agencies (CRAs) have said certain practices in the industry need to be addressed even as the Securities and Exchange Board of India (Sebi) has sought to streamline the processes and create a […]

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Agri growth likely to be higher than 2.1%: Ministry

Agri growth likely to be higher than 2.1%: Ministry The country’s agriculture sector is expected to grow higher than projected 2.1 per cent growth by the CSO for the current fiscal, following better rabi crop prospects, the agriculture ministry said on Sunday.Last week, Central Statistics Office (CSO) had pegged farm and allied sector growth at […]

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