REGULATIONS


RBI must act instead of simply issuing warnings about mutliple accounts opened under the PM’s pet project   The finance ministry has set stiff targets for nationalised banks to open new accounts under the Jan Dhan Yojana. But RBI governor, Dr Raghuram Rajan, has warned banks to be...

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Overzealous implementation of CSR is a wrong strategy. Why is BJP-led government doing this?   In July this year, I wrote that the United Progressive Alliance (UPA) had stopped just short of prescribing penalties for those corporates who fail to spend the mandatory 2% of their net...

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Moneylife Digital Team 30 September 2014
Talking about the norms for non-cooperative defaulters, the RBI governor said the guidelines have been formulated to tackle those borrowers who resist repaying at every corner and hold up the entire repayment process   Reserve Bank of India (RBI) Governor Raghuram Rajan on Tuesday...

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Moneylife Digital Team 29 September 2014
Although vegetable prices moderated sharply in September, the central bank will keep the interest rates at current levels for a prolonged period, says Nomura   The Reserve Bank of India (RBI) will keep the interest rates at current levels for a prolonged period to achieve an inflation...

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Moneylife Digital Team 26 September 2014
The CCI said it formed a 'prima facie opinion' that Jaiprakash Associates is in the dominant position in the residential market in Noida and Greater Noida and had violated fair trade norms   The Competition Commission of India (CCI) has ordered a fresh probe against Jaiprakash...

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Veeresh Mailk 24 September 2014
This judgement could turn the tide in favour of consumers and end-users   For decades now, we have been listening to the automobile industry moan and groan about the supposed high taxes and duties slowing sales. All this while, the same automobile industry has been happily notching up...

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Moneylife Digital Team 24 September 2014
Kolkata-based Weird Industries collected money from thousands of investors through NCDs, SEBI said   Market regulator Securities and Exchange Board of India (SEBI), has Kolkata-based Weird Industries Ltd from mobilising public funds. SEBI also restricted the company as well as its...

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Moneylife Digital Team 19 September 2014
New norms will enable listing and trading of Real Estate Investment Trusts -REITs as any other security on the stock exchange   Market regulator Securities and Exchange Board of India (SEBI) said it will soon notify norms for creation and listing of business trusts to help attract...

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Moneylife Digital Team 19 September 2014
According to the drug pricing regulator, creating a database is necessary for monitoring production and availability of scheduled formulations and the active pharmaceutical ingredients in the scheduled formulations, and monitoring the prices of non-scheduled formulations   The...

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Moneylife Digital Team 18 September 2014
The SC said transparency is the hallmark of selection procedure and not only bureaucrats but people across should be allowed to apply for the post   The Supreme Court on Thursday questioned the union government over lack of transparency in the appointment of Chief Vigilance...

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Moneylife Digital Team 17 September 2014
Though contents of the report have been kept under wraps, there are indications that the gas price increase may be around 50%   A four-member committee of secretaries has submitted its report on a new gas pricing mechanism, prescribing a rate much lower than the doubling of price...

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Moneylife Digital Team 17 September 2014
Ford India increased price of its particular model in January, leading to the consumer accusing the carmaker abusing its dominant position   The Commission Commission of India (CCI) has rejected allegations against Ford India that it abused dominant position in the market for...

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B Vaidyanathan 17 September 2014
The government is planning sweeping changes in the Act, most of which are highly regressive   The Consumer Protection (Amendment) Act, 2014, as made available in the website of Department of Consumer Affairs, has certain serious flaws, which will neither benefit the consumer nor the...

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Paul Kiel (ProPublica)  and   Chris Arnold (NPR) 17 September 2014
Critics say the 1968 federal law that allows collectors to take 25% of debtors’ wages, or every penny in their bank accounts, is out of date and overly harsh   This story was co-published with NPR. Like any American family living paycheck to paycheck, Conrad Goetzinger and...

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Will whistleblowers’ missives work?   Even as Subrata Roy is working on a 15-day extension to meet the Supreme Court’s condition to release him from jail, a whistleblower has, after many efforts, managed to catch RBI’s attention on the issues at Sahara India Financial Corporation...

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Will it stop wilful default this time?   The notification of the Reserve Bank of India (RBI)—that individuals and companies who fail to honour guarantees provided to wilful defaulters can also be charged with ‘wilful default’—is welcome and long overdue. Especially since the...

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Moneylife Digital Team 11 September 2014
While censuring BSE for lapses during NMDC's Rs6,000 crore OFS, the market regulator has asked the Exchange to conduct independent review for remedial steps   Market regulator Securities and Exchange Board of India (SEBI) while censuring BSE for lapses during NMDC's Rs6,000 crore...

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Moneylife Digital Team 03 September 2014
While asking Haryana to cancel the allocation, the High Court had directed the Congress government to invite fresh bids for the 350-acre property     The Punjab and Haryana High Court on Wednesday asked Bhupinder Singh Hooda-led Haryana government to cancel allocation of 350 acres of...

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Moneylife Digital Team 03 September 2014
There are a few instances where defaulting borrowers diverted funds by opening multiple current accounts outside the members of the consortium that provided the debt   The Finance Ministry has asked Reserve Bank of India (RBI) to tighten lending norms to prevent borrowers from opening...

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Moneylife Digital Team 02 September 2014
The SEBI norms have provisions in relation to disclosures to be made in research reports, code of conduct, general responsibility and maintenance of records   Market regulator Securities and Exchange Board of India (SEBI) has notified norms for 'research analysts' to ward off any...

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