REGULATIONS


Several large advertisers are undermining the self-regulatory body, ASCI. Do they want a government regulator?   Often, industry fails to realise that it has a good thing going with self-regulation. By its own actions, it can create a draconian alternative that neither helps the...

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The Undisclosed Foreign Income and Assets bill, providing for heavy penalties for stashing black money away in foreign accounts, was passed by the Lok Sabha on Monday.   Moving what is called the Black Money Bill for acceptance by the lower house, Finance Minister Arun Jaitley...

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A city court on Monday granted bail to B. Ramalinga Raju and all other accused in multi-crore-rupee accounting fraud.   The metropolitan sessions court granted bail to Satyam Computers Services Limited (SCSL) founder Ramalinga Raju and his brother Rama Raju on a personal bond amount...

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The Congress proposed that the committee may table its report on the first day of the next session of parliament, and the legislation can be taken up then   The land acquisition bill may go to a joint committee of parliament while the Goods and Services Tax (GST) bill can be sent to a...

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The Appropriation Acts (Repeal) Act, 2015, was passed by the house with a voice vote   The Lok Sabha on Monday passed a bill that seeks to repeal 758 appropriation acts including those pertaining to railways passed from 1950 to 2012.   Replying to the debate on the bill, Law...

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The Comptroller Auditor General of India said by allowing Reliance Industries to offer voice telephony with a broadband licence, the Department of Telecom had caused a loss of Rs3,367.29 crore   India's official auditor has alleged that the broadband arm of Reliance Industries was...

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Two other cases have been filed by Vishal Gupta and Albion InfoTel Ltd against Google Inc, Google Ireland Ltd and Google India   The Competition Commission, which had ordered probes against Google in four different cases for alleged abuse of dominant market position, has received...

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The court accepted Sahara's proposition, given by Sibal, that the bank guarantee shall only be encashed by the market regulator upon the directions of the court   The Supreme Court on Friday allowed Sahara to arrange a bank guarantee of Rs5,000 crore in the favour of the capital...

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Responding to a calling attention motion on the issue in the Rajya Sabha, Raju said that while there were people who got air tickets at high prices, there were also those who got them at lower prices   Civil Aviation Minister Ashok Gajapathi Raju on Thursday said a regulatory...

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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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