REGULATIONS


Maharashtra Administrative Tribunal while passing strictures on process of appointing information commissioners, had asked the state government to frame rules for selection of State Chief Information Commissioner and information commissioners within eight weeks   Ahmednagar resident...

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The union cabinet on Wednesday approved the Real Estate Investment Trusts (REITs) as an eligible financial instrument/structure under the Foreign Exchange Management Act (FEMA) 1999.   The approval is expected to enable foreign investment inflows into the completed rent yielding real...

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The union cabinet on Wednesday approved amendments to the Whistlebowers Protection Act, 2011 aimed at strengthening safeguards against disclosures which may affect the sovereignty and integrity of the country.   The decision was taken at a cabinet meeting presided over by Prime...

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The union cabinet on Wednesday gave its approval to operationalising three social sector schemes - Atal Pension Yojna (APY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and the Pradhan Mantri Suraksha Bima Yojana (PMSBY).   The decisions, aimed at "creating a universal social...

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The government has rejected British oil major BP's application for selling aviation turbine fuel (ATF) to airlines because the company's investment does not qualify it for a retailing licence, Petroleum Minister Dharmendra Pradhan said on Wednesday.   "To get marketing rights for...

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A court here on Wednesday issued summons to industrialist Naveen Jindal, former Jharkhand chief minister Madhu Koda and others in the coal block allocation case.   The others, who were issued summons, included former union minister of state for coal Dasari Narayan Rao and former coal...

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Seeking reforms in family laws, a group of men's rights activists from across the country gathered at Jantar Mantar here and staged a sit-in on Tuesday.   The protesters later submitted a charter of demands to the Bhartiya Janata Party's national president Amit Shah.   "Our...

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Moneylife Digital Team 04 May 2015
How could SEBI suo Motu inform the Ministry of Civil Aviation that SpiceJet share sale need not first be offered to existing shareholders and that Ajai Singh could acquire 58% or more of the total equity of SpiceJet at an undisclosed price, Dr Swamy said   Dr Subramanian Swamy, the...

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Venkatachari Jagannathan (IANS) 30 April 2015
Currently, banks as corporate agents can sell policies of only one insurer each in life, general or health insurance sectors   The Indian insurance regulator's proposal to make banks sell policies of at least two insurers of each category - life, general and health - has thrown up an...

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Moneylife Digital Team 30 April 2015
RBI slapped a penalty of Rs1.5 crore each on BoM, Dena Bank and OBC for violating KYC norms while opening bogus accounts for a private organisation. Eight other PSBs are also warned to adhere to these norms    The Reserve Bank of India (RBI) has imposed monetary penalty of Rs1.5 crore...

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In a bid to remove the fear of future harassment over decisions taken in good faith by policy-makers but assign stricter punishment for graft, the cabinet on Wednesday approved key changes in the anti-corruption law to be placed before parliament.   Among the proposals in the...

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The cabinet approved "doing away with the requirement of filing a declaration by a company before commencement of business or exercising its borrowing powers," a cabinet communique said.   To make it easy to do business in India, the union cabinet on Wednesday rationalised certain...

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Indian securities market regulator, SEBI, is expected to take at least around six months to decide on the listing of stock exchanges but after the merger of Forward Markets Commission (FMC) with it, said its chief on Tuesday.   Securities and Exchange Board of India (SEBI) chairman...

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Companies listed exclusively on closed regional exchanges to re-list   Virendra Jain of Midas Touch Investors Association may have won yet another battle for marginalised retail investors, without even having to file a public interest litigation (PIL) this time.   In June...

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Market regulators unconcerned about Helios & Matheson’s shenanigans   Astudy by FTI Consulting on disclosure standards shows that a majority of Indian companies have a long way to go in complying with mandatory as well as voluntary corporate disclosures mandated under listing...

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Venkatachari Jagannathan (IANS) 28 April 2015
The department of industrial policy and promotion under the commerce and industry notified the increase in FDI limits in line with the FDI cap raised recently in the insurance sector from the existing 26%   Even as the Indian government on Monday notified the raised limit of foreign...

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All investments in the pension sector, however, will have to abide by the pension sector regulator the Pension Fund Regulatory and Development Authority (PFRDA)   The Indian government on Monday raised the limit of foreign direct investment (FDI) in the pension sector to 49 percent in...

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The transgender community, meanwhile, said it was happy to receive a "positive response" from all political parties   For the first time in 45 years, the Rajya Sabha on Friday unanimously passed a private member's bill to accord equal rights on transgenders.   "It is a...

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The state government filed a review petition on April 7 seeking a stay on the March 30 order of Justice B.V. Nagarathna to the SEC for holding the civic poll by May 30, as its five-year term was ending on April 22   The Karnataka High Court on Friday put off elections to the city's...

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Deutsche Bank has agreed to pay a $2.5-billion fine to settle US and British accusations that more than 20 employees engaged in a "widespread effort" to rig benchmark interest rates for profit between 2005 and 2009, officials said on Thursday.   New York State's Department of...

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