The Technical Advisory Committee, to be headed by IIT Bangalore Professor S Sadagopan, would also advice the Sebi on how to frame appropriate policies arising out of technological advancements in areas like wireless trading, algorithmic trading and smart order routing, Sebi said.
Simplifying GST rates, removing exemptions, easing disputes, and speeding up refunds can boost investment in India and offer the best reply to Trump's tariffs, observes V S Krishnan, former member, Central Board of Indirect Taxes and Customs.
'There will be not less than 31 lakh people working in the census process.'
The National Stock Exchange (NSE) and BSE on Tuesday said they will conduct a special trading session in the equity and equity derivative segments on May 18 to check their preparedness for handling major disruptions or failure at the primary site. The special live trading session will have an intra-day switchover from the Primary Site (PR) to the Disaster Recovery (DR) site.
'A possible post-election growth momentum may be lost.'
Two Covid-19 related deaths and 20 fresh cases were reported in Karnataka, according to a Health bulletin issued on Wednesday.
The Karnataka government on Monday asked those above 60-years of age, with comorbidities, and symptoms of cough, phlegm and fever to mandatorily wear face masks, in the wake detection of a case of COVID-19 sub-variant JN.1 in neighbouring Kerala.
Moody has left his role as Sri Lanka's director of cricket after his contract was terminated by mutual agreement
The government also decided to make face masks mandatory in closed spaces and airconditioned rooms.
The government on Friday appointed Suman K Bery as the vice chairman of Niti Aayog, following the sudden resignation of Rajiv Kumar.
Neighbouring Maharashtra on Monday had declared a night curfew in municipal corporation areas as a precautionary step amid growing concerns over a new coronavirus variant spreading in Britain.
The appointment will be effective from February 1 to 20.
The decision was taken at a meeting headed by Chief Minister Basavaraj Bommai with senior ministers, officials and the COVID-19 technical advisory committee consisting of experts in Bengaluru.
According to some experts, unlike in the past children are now vulnerable because they are more exposed to outdoor activities, functions and gatherings, as also schools reopening for a certain age group, which was not the case earlier due to lockdowns.
The minister said he was not supposed to say anything officially as he was still in touch with the union health ministry and the ICMR officials.
Technical Advisory Committee was for status quo in policy rate on little hope of government action.
All shops and commercial establishments, hotels, pubs and bars will remain closed during this period, Yediyurappa said.
Five of the six external members had suggested that the central bank should reduce the policy rate.
The Securities and Exchange Board of India's (Sebi's) technical advisory committee has been mandated to probe the trading halt at National Stock Exchange (NSE) and fix accountability. The committee after a detailed examination would send its findings and recommendations to whole-time member Madbhi Puri Buch, to decide the future course of action, said two people in the know. The panel, which is currently chaired by Ashok Jhunjhunwala of IIT Madras, is learnt to have sought an explanation over two key issues from NSE: One on the effectiveness of interoperability as it was unable to migrate the trading positions; the other on laxity in switching it to the disaster recovery site.
Ashish Chauhan, MD & CEO of BSE, says it is prudent for investors to deal with more than one exchange as a risk management strategy.
'We are not organising any large celebrations on New Year's Eve to avoid last-minute changes in guidelines.'
With COVID-19 cases declining, Karnataka government on Monday permitted re-opening of schools for students of classes 1 to 5 from October 25 by strictly adhering to precautions and guidelines against the coronavirus.
The decision to impose night curfew for nine days from 11 pm to 5 am starting from Thursday was taken on Wednesday in line with the Centre's advice, amid concerns over a new COVID-19 variant spreading in the United Kingdom.
Amid fresh COVID-19 concerns, Karnataka government on Sunday decided to impose 'night curfew' for 10 days from December 28, between 10 PM and 5 am.
RBI unsure whether to cut rates or not in its next monetary policy.
India is gearing up to introduce a six-member monetary policy committee that would vote on interest rates.
Chetan Ghate, Pami Dua and Ravindra Dholakia have been appointed for 4 years
As a multi-agency probe into the NSE case gathers pace, the grant of preferential server and data access to select brokers and their suspected misuse are being investigated threadbare to unveil all quid pro quo arrangements in a highly-sophisticated scheme that worked like a cricket betting scandal, officials said on Monday. While the bourse has said it has taken several steps over the years to strengthen its technology infrastructure, including as per regulatory orders, the officials said certain fresh disclosures call for a detailed probe into whether a select group of individuals in high positions had banded together to make illicit gains by facilitating the preferential trading slots, beginning over a decade ago. Even a split-second faster access is said to result in huge gains for a trader.
It is mystifying how the NSE, a near-monopoly, gets protection, as the February 24 episode shows, when it is competition and accountability that should be the regulatory objective, says Debashis Basu.
As India launched the world's largest vaccination drive against the coronavirus pandemic, showing the light at the end of a 10-month tunnel that upended millions of lives and livelihoods, here are some of the quotes from politicians across parties and other people who took the jab:
Govt likely to get full control on policy rate.
Two members recommended bringing down the rate by 50 bps in the April policy.
Rajan had overturned the majority opinion of the members and chose to hold the rates at the last monetary policy review in October.
There is a need for further focus and strengthening of guidelines.
Why self-audit by NSE, why weren't charges probed under your supervision, ministry asks regulator.
India is in the midst of its biggest crisis since Independence. It is a national emergency and begs to be dealt with. Politics can wait. Lives need to be saved. We need to vaccinate India at a pace faster than any country in the world, asserts Ramesh Menon.
The BSE and the NSE have also been asked to provide inputs.
It would be beneficial for the economy to hold on to high interest rates till inflation numbers are under control.
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