Sebi Steps up Effort to Tackle Cyber Crime Following reports of cyber security threat in the Indian banking system, the Securities and Exchange Board of India (Sebi) has initiated an urgent review of the overall risk management and has decided to set up a high-level committee to ensure prudent response and quick, corrective measures for … Read More →
20 Tax free Incomes in India Tax is your single largest expense; Tax collected from an individual is used for building the nation (infrastructure & other development), to increase arms and ammunition for the defense of the country and for other welfare-related work. That’s why it is said that “Taxes are paid nation are madeâ€. … Read More →
Banks Recall Over 32 Lakh Debit Cards Due To Security Breach More than 32 lakh debit cards of customers have been blocked or recalled by banks to prevent them from falling prey to any financial fraud after a major security breach at a payment services provider that manages ATM network of a private sector bank. … Read More →
SEBI puts in place disclosure norm for InvITs Putting in place disclosure norms for Infrastructure Investment Trusts (InvITs), Sebi on Thursday said the offer document will contain financial information, related party transactions and past performances. The move comes after the board of Sebi last month decided to further relax InvITs norms in a bid to … Read More →
SEBI Proposals To Bring Transparency But Costs May Rise SEBI’s proposed amendments to the Investment Advisers regulations will bring in more transparency in the system and benefit investors at large, but it could also increase the cost for investors, say advisors. In one of its proposals, SEBI has said that corporates should float a separate … Read More →
Black Money: RBI set to scrap Rs 1,000 currency note? It was almost two years back that the Reserve Bank of India (RBI) had announced its plan to phase out all currency notes issued before 2005. The central bank gave three-month time to exchange old notes for new, after which all such kind of exchanges, … Read More →
MF Distributors Approach Sat Over SEBI’s Direction On Commissions Disclosure Mutual fund distributors have approached the Securities Appellate Tribunal (SAT) against the regulator’s direction to disclose the commission received from every individual investor, three people familiar with the development said. “Distributors, represented by United Forum of distributors, have challenged Sebi’s (Securities and Exchange Board of … Read More →
RBI Issues Operating Guidelines For Payment Banks, Small Finance Banks RBI came out with operating guidelines for differentiated banks — payments banks and small finance banks — being set up to bring in new players who would leverage on technology for financial inclusion in a cost effective manner. RBI granted in-principle approvals to 11 entities … Read More →
SEBI to cut IPO listing time to 4 days Last year in Nov, the market regulator had shortened IPO listing time to six days from 12 days Securities and Exchange Board of India (Sebi) Chairman U K Sinha on Tuesday said the regulator would reduce the timeline for Initial Public Offerings (IPOs) to four days … Read More →
SEBI to audit its governance standards The Securities and Exchange Board of India (SEBI) has decided to practice what it preaches in the area of corporate governance and board structure. To start with, the independent board members will conduct a performance audit of the regulatory body. The capital market regulator is also in favour of … Read More →