Amendment to the Act, sovereign guarantees, investment portfolio, realty holdings, and governance issues to shape valuation.
On the 10th anniversary of the global financial crisis, a multi-part series analyses the lessons learnt and those not learnt.
No promoter is allowed to advertise, market, book, sell or offer for sale, or invite persons to purchase any plot, apartment or building, in a project without registering with the authority.
The Union Budget 2016-17 has cheered the NBFC sector
Last October's circular meant that downstream investment by such funds by way of subscription or acquisition of shares would have been considered "indirect foreign investment" if their investment manager or sponsor is owned or controlled by a non-resident. The finance ministry has now said that mutual funds that invest more than 50 per cent in equity shall be omitted from the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996.
'Every few days, I wake up with a sense of restlessness that time is running out'... 'We have created a due process for stressed assets to resolve, but there is no concrete plan in place for public sector bank balance sheets,' says RBI Deputy Governor Viral Acharya.
The FDI notification on multi-brand retail by the government will be valid only if amendments made by the Reserve Bank in the FEMA rules are approved by Parliament, the Confederation of All India Traders (CAIT) has said.
The next edition of attachments will be carried out under sections of the Criminal Procedure Code
The Bill provides comprehensive legislation to prohibit unregulated deposits, with punishment for those promoting such schemes or defaulting on repayment.
Starting April 1, a non-executive director of 75 years or more can be appointed or re-appointed only by way of a special resolution, which requires 75 per cent 'for' votes.
Exchanges believe its legal status may now change, with the government pushing for digitised transactions.
'India's economic fundamentals are much too strong to be affected by his resignation,' says B S Raghavan.
The regulations will only apply to the share purchases that have been done after October 1, 2004
Earlier, the Reserve Bank of India was the approving authority.
Stockbroker Blue Chip Corporation Pvt Ltd (BCCPL), Nitin Rajaram Narke, Pravin B Darawade, Bhavana Chadha, Milestone Investment, Nitin Narke Investment, Blue Cheap Investment and Blue Chip Investment have been prohibited.
When the Centre tries to encroach upon the subjects that are under the prerogative of the state, or where the centre tries to evade from any responsibility guaranteed to a state through a constitutional provision/obligation, it poses a threat to federalism.
Political reactions poured in shortly after the Supreme Court declared the Centre's flagship Aadhaar scheme constitutionally valid.
The pre-Budget proposals sent to the finance ministry aim to bring uniformity in tax treatment for investments in different financial sectors, mitigate hardship to retail taxpayers, and encourage participation in mutual funds.
'It is strange a government that is bold and coercive has meekly chosen to do more of what has repeatedly failed to work in the past.' 'And sadly, rating agencies, the business community, fund managers, and analysts, who know this, have chosen to act as compulsive cheerleaders,' says Debashis Basu.
Reserve Bank of India Governor Shaktikanta Das on Friday said the central bank will ensure adequate liquidity in the system to ease the financial stress caused by the Covid-19 pandemic. The central bank reduced the reverse repo rate -- the rate at which banks park their fund with the central bank -- by 25 basis points to 3.75 per cent.
It is expected to bring transparency and reinstate consumer faith in the industry, says Brotin Banerjee.
The successful implementation of the new Act will depend on a much bigger involvement of the state through a huge new superstructure of registration, certification and supervision
The GIFT City management is in talks with Hong Kong, London, and Singapore arbitration centres
'Urjit Patel's appointment is a right decision and in the interest of the country.'
The government has amended its laws to have a bigger say in the decision making of the Reserve Bank of India (RBI) by having two members on the central bank's board as compared to one now.
'Expectations were being built up about radical moves and the action plan did not disappoint.'
'There will always be a challenge to maintain a fine balance to ensure that the growth keeps happening and inflation is contained.'
The recent default on deposit payments by a couple of Yash Birla Group companies has brought to surface difficulties an investor has to face in recovering his money.
India is ranked best among the BRICS nations, out of which South Africa is 17th, Brazil 35th and Russia at 100. China is much lower at 132nd place.
The amendment says that UIDAI can now give directions as it may consider necessary to any entity in the Aadhaar ecosystem
Wayward employee behaviour at Uber and Infosys highlights the risk to corporate reputations.
The Delhi high court on Wednesday sought responses from the Aam Aadmi Party and its founding members, including Chief Minister Arvind Kejriwal, on a plea for registration of a criminal case on the ground that the newly formed party allegedly received foreign funding in violation of various laws.
At present, Sebi norms bar wilful defaulters from issuing convertible debt instruments.
Those behind recapitalisation are neither aware nor do they care. After all, they have no skin in this game. And the Lok Sabha elections are round the corner. That's what they care about, points out Debashis Basu.
'Indian markets may initially react and follow the pattern of US and other global markets post US elections.'
Armed with fresh powers to conduct search and seizure operations and attach properties and bank accounts, the Securities and Exchange Board of India (Sebi) is going all out to use these effectively.
Indeed, Prime Minister Narendra Modi, who as Gujarat chief minister was considered close to certain business groups and industrialists, has hardly been seen with any Indian business head.
The CBI, in its letter, said the matter was 'analysed' by the agency and it 'revealed violations of RBI guidelines and FEMA regulations'.
The bank has been at the centre of the black money and tax evasion scandal.
