'The temptation of governments, to have a finger in the RBI pie will be just too great to resist, unless extensive amendments are carried out in the RBI Act treating it almost as the fourth branch of the government.'
Key relaxations traced in final regulations.
The country's two biggest state-run lenders on Saturday pitched for treating a portion of their gold deposits as part of the mandatory cash reserve ratio (CRR) or statutory liquidity ratio (SLR), both of which banks consider as non-productive.
Mindtree plans to recommend to its investors not to subscribe to the open offer, citing low offer price, among key reasons. The founders were exploring several other options, including coming out with a counter open offer, with the backing of a financial investor.
'We feel there is definitely something murky in the system.' 'Will anyone believe that Nirav Modi will go to a branch and bribe a low-level officer?' 'Just look at the people with whom he had moved around.'
'We are all in a tizzy about NBFCs in the aftermath of the IL&FS default.' 'We tend to jump to the notion that an NBFC is like a bank. But banks make a promise that deposits are liquid and have an assured return.' 'NBFCs make no such promises,' points out Ajay Shah.
Rate-sensitive sectors like banks, auto and realty witnessed strong buying demand in trades today
Most Asian markets were trading weak on Monday.
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
The Supreme Court on Wednesday said that the money likely to be arranged by Sahara Group from overseas to raise Rs 10,000 crore (Rs 100 billion) for the release of its jailed chief Subrato Roy would come into the country only after necessary clearances by RBI.
Top gainers in the Sensex pack were TCS, Bharti Airtel, Infosys, Axis Bank, L&T, ITC, PowerGrid, HCL Tech and Tata Steel, ending up to 2.39 per cent.
Batting for greater transparency, a Sebi panel said sound corporate governance helped companies generate "significantly greater returns".
With Sebi clearing the final guidelines for creation of Real Estate Investment Trusts (REITs), assets worth around $12 billion are likely to be listed in the next 2-3 years.
Current FDI norms allow a foreign airline to hold up to 49 per cent in a domestic carrier.
The US has been widely criticised for using pressure tactics to secure information from other countries, without reciprocity.
Global e-commerce company Amazon has said it sees "substantial uncertainties" in interpretation of Indian laws, which could impact its business in one of the world's fastest-growing multi-billion dollar online shopping market.
Under Sebi guidelines, AIFs can operate broadly in three categories.
'As for tricky relations with China, India needs less of summitry type event management and more anticipatory analysis and management of events,' says Ambassador Jaimini Bhagwati.
The corporate sector does not care from where the money is coming.
'It is inevitable that people around the world -- including from America and China -- will have different viewpoints over different issues'
Markets across the globe gained after China Securities Regulator removed its four-day-old circuit-breaker system.
Percy Mistry says things at market regulator Sebi are also in bad shape.
The KYC parameters now include declaration of the gross annual income or net worth.
Sentiment was hurt after market regulator Sebi directed bourses to initiate action against 331 suspected shell companies.
Sheela Bhatt/Rediff.com decodes why Modi has decided to retain her in the Union Cabinet despite this controversy and their many internal differences.
In the first highest level face-to-face contact between the two sides after border tension erupted in eastern Ladakh in early May, Singh and Wei met for two hours and 20 minutes in Moscow on Friday evening on the sidelines of a meeting of the defence ministers of the Shanghai Cooperation Organisation.
The fact that the US dollar has become the world's preferred reserve currency is now the core of global financial crisis, says Mohan Guruswamy.
India's economy is not like Western ones, and thus needs restrained fiscal policy even during a recession, says Ajay Shah.
Naresh Goyal-led Jet has also changed the shareholders agreement and amended the investment agreement and the articles of association, as suggested by the Foreign Investment Promotion Board, headed by DEA Secretary Arvind Mayaram, official sources said.
Does IAS officers' work go unappreciated, asks Ajit Balakrishnan.
Mallya and his group firms are already facing a probe by Enforcement Directorate for alleged diversion of loans taken by long-grounded Kingfisher Airlines
Experts, however, caution that though the moves are positive for the sector as a whole, they don't expect much gain in the near-term.
The drive against insider trading comes after SEBI last year received enhanced investigation powers from parliament, including the ability to monitor call records.
Do keep the tax impact and exit load in mind before you take a decision to sell, says Vishal Dhawan.
Sun Pharma's market capitalisation stood at Rs 100,050 crore on December 5, with its share price closing at Rs 417 a piece - lowest since March 2013.
A mechanism on whistle blowing is mandated from October and third-party entities managing such services give staffers far more confidence to blow the lid on wrongdoing.
n the broader market, both the BSE Midcap and Smallcap indices, were up 1.2% and 0.7% each.
Does away with much of auction process in this market and reinvestment checks
Mr Prabhu has a big challenge ahead in implementing trade reforms to regain the lost export momentum, says Jayanta Roy.
Diageo-USL integration pushed by at least two months; Firm likely to rework agreements and seek approval again
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