REGULATIONS


Moneylife Digital Team 01 July 2015
Last month, Moneylife blew the whistle on high frequency or algo trading taking place in Indian stock markets by going public with a whistle-blowers report on how select investors fixed the system. Financial market regulators, RBI and SEBI are seriously looking at the risky algo trading that...

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India's market regulator on Tuesday said it will focus on the cost to a mutual fund investor as part of its customer protection measures.   Speaking at the CII Mutual Fund Summit here, Securities and Exchange Board of India chairman U.K.Sinha said consumer protection is one of the...

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In a partial breather for Nestle, the Bombay High Court on Tuesday allowed the company's Indian branch to export all varieties of its popular two-minute Maggi noodles.   The domestic restrictions, however, would continue to apply. The matter will now come up for further hearing on...

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Aparajita Gupta (IANS) 29 June 2015
The spirit of entrepreneurship got a shot in the arm as India's market regulator decided to simplify the framework for raising of capital by technological startups. But how much will it help them? While most of them feel it will open up opportunities, others feel the traditional route was...

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The Reserve Bank of India has extended the deadline for exchanging pre-2005 currency notes of various denominations, including Rs.500 and Rs.1,000, by six months till December-end.   "The Reserve Bank of India has extended the date for the public to exchange their pre-2005 banknotes...

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Information commissioners DB Deshpande and MB Shah are under a cloud now. Will the Maharashtra government now frame proper rules for selection of ICs, as ordered by the state’s Administrative Tribunal?   That DB Deshpande had to be asked to resign by Chief Minister Devendra...

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The spectrum cost that has emerged today is about 20 times that of the 2001 cost, while the customer base has gone up by 240 times. Yet, there was a deliberate attempt by media to frustrate true market forces and let narrow interests determine the price of a scarce natural...

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Swarup said that in view of the need to step up India's coal production to 1.5 billion tonnes by 2020, there is a plan to hire manpower for mining   The government will put eight more coal mines up for auction after completing the process for 10 mines in the third phase in mid-August,...

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The government had given interest bearing loans totalling Rs21.82 crore to the company from 1977-78 to 2001-02, for meeting its working capital requirements   The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved conversion of the interest of Rs52.14 crore, including...

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Moneylife Digital Team 23 June 2015
While reducing the IPO listing time to six days, SEBI also allowed a larger number of start-ups to tap the fast-track route for raising funds. The market regulator also made it mandatory for all investors to use ASBA for public issues   Market regulator Securities and Exchange Board...

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Moneylife Digital Team 23 June 2015
The proposals are aimed at enabling improved credit access and financial inclusion, reduce tax avoidance and check counterfeiting of currency   The government proposed to do away with transaction charges on card payments at petrol pumps, gas agencies and for railway...

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Moneylife Digital Team 22 June 2015
SEBI found that Goldmine Agro collected about Rs35.62 crore by issuing NCDs to investors between 2009-10 and 2011-12   Market regulator Securities and Exchange Board of India (SEBI) has barred Goldmine Agro Ltd and its directors from raising money from investors through issuance of...

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Rakesh Nangia  and   Amit Bhalla 18 June 2015
‘Range’ and ‘multiple year data’ are among the best transfer-pricing practices and also closer to economic realities wherein prices, and or margins, are compared to those within a range and not at to a particular point   The introduction of concepts of ‘range’ and ‘multiple year data’...

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Moneylife Digital Team 18 June 2015
Moneylife wrote about VPS Advisory that was promising 20% assured return from stock trading. Taking cognisance of the article, SEBI initiated a probe and after two years, barred the firm from offering PMS and collecting money from investors   Two years after Moneylife wrote about an...

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The Cabinet Committee on Economic Affairs on Wednesday gave its approval for Minimum Support Price (MSP) for crops during this year's kharif season.   The MSPs are based on the recommendations of the Commission for Agricultural Costs and Prices (CACP) and taking into consideration...

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The union cabinet on Wednesday approved the 'Housing for All by 2022' programme for slum rehabilitation in urban areas.   According to Press Information Bureau Director General Frank Noronha, it will focus on promotion of affordable housing for weaker sections.   "Housing for...

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The union cabinet on Wednesday approved a new Bureau of Indian Standards Bill, 2015, which, when implemented, will replace the existing BIS Act, 1986.   "New BIS Bill envisages mandatory certification regime to protect health, safety, environment etc.," Press Information Bureau...

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Will stricter rules by the regulator make any difference?   Insider trading denotes dealing in a company’s securities, by company insiders, on the basis of information which is not publicly known. This is illegal, though prevalent, all over the world. In advanced markets, the...

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In a major verdict, the Supreme court on Monday scrapped the All India Pre Medical Entrance Test (AIPMT) for the year 2015-16 following the leak of its question paper and circulation of their answer keys through electronic devices at different examination centres in 10 states across the...

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The court on Friday issued notice to the Food Safety & Standards Authority of India and other respondents and posted the matter for next hearing June 30   The Bombay High Court on Friday declined any relief to Swiss multinational Nestle, which has sought a judicial review of the...

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