The capital markets watchdog has asked the government to empower it to carry out search and seizure operations, to attach properties and to ask for information and records for all relevant entities.
This gains importance in the backdrop of speculation on a second term for Raghuram Rajan.
Finance minister Arun Jaitley has delivered a Arun Jaitley delivered a bold, far sighted budget
The RBI panel has also recommended a government-sponsored 'fund of funds' of Rs 10,000 crore to support the venture capital and private equity firms investing in the MSME sector.
'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.'
FPIs would be classified into two categories instead of three, while the requirements for issuance and subscription of offshore derivative instruments would be rationalised.
The Indian market regulator had revamped the FPI regulations in 2014 giving custodians the mandate to collect and verify the KYC documentation of offshore investors
BSE Metal and Capital Goods indices plunged over 2% followed by counters like Consumer Durables, Auto, Banks and Realty, all falling down between 1-2%.
Technically speaking, US equities have seen net losses since January. India is strongly influenced by US trends.
Managing expectations is a challenge for policymakers.
LIC is currently allowing customers to revive policies that have lapsed for more than two years.
The ministry is likely to go by the recommendations of a committee on liberalising external commercial borrowings, headed by M S Sahoo, a former director with the Securities and Exchange Board of India.
Consumers will thank the Modi government for this simple yet revolutionary move, which is long overdue, says Debashis Basu.
Finance Minister Arun Jaitley said Sebi would develop new products in the commodity derivatives space apart from taking steps to deepen the corporate bond market.
Sebi has pushed for better corporate governance of listed companies through measures such as the need for a succession policy
'EPFO's investments this financial year should be Rs 1 lakh crore'
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
She said the Centre is allowing demonetised notes in various sectors like railways, aviation, petroleum, etc but not for state government sectors.
The Financial Sector Legislative Reforms Commission had in a report last year proposed a unified regulator for the entire financial sector -- markets, insurance, commodities and pension. It had, however, proposed to keep banking out of its purview for now.
DEA officials to push for this at a meeting with FM Jaitley.
Tamal Bandyopadhyay, columnist and author of several books like From Lehman to Demonetisation: A Decade of Disruptions and Sahara: The Untold Story, tells Rediff.com why Yes Bank depositors should not panic and the current crisis at India's fifth largest private lender does not pose any systemic risk.
Additionally, promoter Naresh Goyal and Etihad Airways, which owns a 24 per cent stake in the airline, will infuse around Rs 2,000 crore into the airline, sources aware of the development said.
Kolkata's creme de la creme turned up at the launch of Bandhan, The Making of a Bank, but the evening nevertheless had an informal touch typical of the young bank with CMD Chandra Shekhar Ghosh personally welcoming the dignitaries, reports Indrani Roy/Rediff.com.
Experts say a turnaround may happen after the general elections.
Rumours about a spike in taxes for equity investors are flying thick and fast.
While regulators are trying to do their bit, the onus is on you to prove it.
In a meeting with the commerce minister, India Inc hammered Sharma on the collapse of investments, structural nature of the current account deficit and stagnant growth in agriculture.
Ministry considering tax sops for India's first global financial centre, steps to liberalise futures and options markets.
Sebi will join RBI and the government in their fight against bad loans.
A roster of the work for fresh cases notified under the order of the chief justice of India will come into effect from February 5 till further orders.
As all regulators are part of it, individuals don't need to worry about approaching the right authority
'...Unless we muck up our policies.' 'We have to become a modernised economy.' 'Our institutions should be stronger. And that is most important.' 'The rule of law should prevail and contracts should be enforced.' 'Above all, we have to recognise the importance of globalisation.' 'It is in our favour at this stage. We should grow and become globally competitive.'
Ponzi schemes have characteristics that the informed investor can spot easily.
The measures needed for implementing this new system would start rolling in few weeks, the minister added.
Industry players say they have learnt from the bitter experience of 2008 and have far better checks and balances in place to avoid an encore.
Subrata Roy is in jail since March last year.
With just 10 detectives under his leadership and in about three weeks' time, Senior Superintendent of Police of Uttar Pradesh's Special Task Force Amit Pathak cracked an online digital racket that swindled 600,000 people and is now worth Rs 3,700 crore and counting.
While an impending rate cut is a good reason to enter debt funds, another is the high valuations in equity markets.
Key relaxations traced in final regulations.
