UK Sinha elected chairman, Asia- Pacific Regional Committee, IOSCO

UK Sinha, chairman, SEBI has been elected chairman of the Asia-Pacific Regional Committee (APRC) of the International Organisation of Securities Commissions, at the 36th Annual Conference of IOSCO held at Cape Town, South Africa from 17th April to 21 April 2011

UK Sinha, chairman, SEBI (Securities and Exchange Board of India) has been elected chairman of the Asia-Pacific Regional Committee (APRC) of the International Organisation of Securities Commissions (IOSCO), at the 36th Annual Conference of IOSCO held at Cape Town, South Africa from 17th April to 21 April 2011.   

Prior to Mr Sinha, Mr Bhave was the Chairman of the APRC from June 2009 till he demitted his office as chairman of SEBI.

The members of the Asia-Pacific Regional Committee are Australia, Bangladesh, Brunei, People's Republic of China, Hong Kong, India, Indonesia, Japan, Korea, Kyrgyz Republic, Malaysia, Republic of Maldives, Mongolia, New Zealand, Pakistan, Papua New Guinea, Philippines, Singapore, Sri Lanka, Chinese Taipei, Thailand and Vietnam.

IOSCO is recognised as the international standard setter for securities markets. The Organization's wide membership regulates more than 90% of the world's securities markets and IOSCO is the world's most important international cooperative forum for securities regulatory agencies. IOSCO members regulate more than one hundred jurisdictions.

SEBI has been an active member of the IOSCO and is one of the earliest signatories to the Multilateral Memorandum of Understanding (MMoU) of IOSCO.

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Indian names in Swiss bank data list: Assange

Praising the German government for its aggressive approach to unearth black money stashed offshore, WikiLeaks founder Julian Assange said that India "should be more aggressive because India seems like it is loosing per capita much more tax than Germany"

New Delhi: In comments that could fuel a fresh controversy over the black money issue, WikiLeaks founder Julian Assange Tuesday said there are Indian names in the Swiss bank data list that are going to be made public, reports PTI.

"Yes, there are Indian names in the data that we have already published or are going to publish. I can't remember specifically whether there are Indian names in the coming publication. But I have read Indian names," Mr Assange told Times Now.

Indicating that there are bigwigs among the Indians having their accounts in Swiss banks, he said, "Similarly, in these private Swiss banking concerns, where you need at least a million dollars, which is a significant amount of money...not an average Indian..."

Asked whether the names will come at any point, he said on "that, you should absolutely not loose hope".

He, however, declined to reveal anything more on the issue at this stage.

Noting that he has come to know through a report that there are more Indian deposits in the Swiss banks than any other nationality, Mr Assange said, "There is no reason why India should not be aggressive."

Praising the German government for its aggressive approach to unearth black money stashed offshore, he said that India "should be more aggressive because India seems like it is loosing per capita much more tax than Germany."

Mr Assange alleged that Indian government's response to the WikiLeaks cables was "one of the worst in the world" and a "clear attempt to mislead the nation on what the cables were".

He said that the response by the Indian government left a lot to be desired.

Mr Assange also dismissed contention of the Indian government that accords on double taxation were coming in the way of tracking the trail of black money.

"Double taxation does not have anything to do with asset hiding. It doesn't simply cover asset hiding," he said.

Mr Assange said that issue of stashing black money in foreign banks was much worse than just local corruption as when money is pushed offshore, ".....then every time they are selling rupees and the result is that the currency of the nation is debased...everything for all Indians become more expensive as a result of that transfer."

Mr Assange had earlier claimed that he was handed over documents of bank accounts by a former banker Rudolf Elmer and the whistleblower also claimed that the names in the documents came from "US, Britain, Germany, Austria and Asia-from all over," and include "business people, politicians, people who have made their living in the arts and multinational conglomerates-from both sides of the Atlantic".

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COMMENTS

prabhu

6 years ago

These corrupted indian brutes should get ripped apart in front of parliament.

Ravigadu

6 years ago

wow really great job mr assange please make sure that no one misses out from that data list. Every one should be punished by the public

REPLY

AG

In Reply to Ravigadu 6 years ago

It is possible that, many of them may have transferred their money to some another bank account...

Lupin signs patent license agreement with Abbott

Pharma major, Lupin and its subsidiaries, Lupin Pharmaceuticals, Inc and Lupin Atlantis Holding S.A., have entered a license agreement with Abbott Laboratories and Laboratoires Fournier S.A

Pharma major, Lupin and its subsidiaries, Lupin Pharmaceuticals, Inc and Lupin Atlantis Holding S.A., have entered a license agreement with Abbott Laboratories and Laboratoires Fournier S.A. for various Abbott patents for Antara (Fenofibrate) Capsules.

Headquartered in Mumbai, Lupin is an innovation led transnational pharmaceutical company producing a wide range of quality, affordable generic and branded formulations and APIs for the developed and developing markets of the world.

On Tuesday, Lupin ended 1.09% up at Rs419.20 on the Bombay Stock Exchange, while the benchmark Sensex ended 0.20% to 19,545.35.

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