The Finance Minister, Mr Pranab Mukherjee, has asked SEBI to consider speeding up framing of regulations for alternative investment funds. Regulations for alternative investment funds are needed to address the systemic risk posed by unregistered private pools of capital, Mr Mukherjee said in his customary post-budget address to the SEBI Board in the Capital on […]
The Finance Minister, Mr Pranab Mukherjee, has asked SEBI to consider speeding up framing of regulations for alternative investment funds. Regulations for alternative investment funds are needed to address the systemic risk posed by unregistered private pools of capital, Mr Mukherjee said in his customary post-budget address to the SEBI Board in the Capital on […]
The Union Budget has some positives for the realty sector. The external commercial borrowing (ECB) for low cost housing, extension of the one percent interest subvention scheme for low cost housing and service tax exemption on low cost housing up to an area of 60 square metres are good for the sector. http://economictimes.indiatimes.com/markets/real-estate/realty-trends/budget-2012-has-some-positives-for-real-estate-sector/articleshow/12379848.cms
The Union Budget has some positives for the realty sector. The external commercial borrowing (ECB) for low cost housing, extension of the one percent interest subvention scheme for low cost housing and service tax exemption on low cost housing up to an area of 60 square metres are good for the sector. http://economictimes.indiatimes.com/markets/real-estate/realty-trends/budget-2012-has-some-positives-for-real-estate-sector/articleshow/12379848.cms
India’s insurance regulator is uncomfortable with the way the country’s life insurance industry is being run. In a recent letter to life insurers, the Insurance Regulatory and Development Authority (Irda) raised several concerns about the products being sold by insurers without taking into account customers’ interests and the rising exposure to risks. http://www.livemint.com/2012/03/22001742/Irda-raises-red-flag-on-rising.html?h=A1 .
The Finance Ministry is considering to reduce the lock-in period for Rajiv GandhiEquity Savings Scheme to one year from the proposed three years to make it more attractive to retail investors. “The investors can put money in top 100 companies listed in BSE and NSE (under the scheme). We are looking at reducing the lock-in […]
The capital market regulator SEBI is mulling whether to allow companies with no profitability track record to list on the main exchanges or on the SME platform of the stock exchanges. http://www.thehindubusinessline.com/markets/stock-markets/article3017221.ece .
There is finally some good news for individuals in a season of duty hikes and provident fund rate cut. The government is raising interest rate on small savings schemes such as National Savings Certificate (NSC) and post office deposits by 20-50 basis points. http://economictimes.indiatimes.com/personal-finance/savings-centre/savings-news/small-savings-set-to-fetch-higher-returns/articleshow/12348921.cms .
Lending a helping hand to the government in recapitalising public sector banks may have brought Life Insurance Corporation (LIC) of India in the good books of the finance ministry, but the move has irked the Insurance Regulatory and Development Authority (Irda). The insurance regulator is opposed to LIC’s decision to increase its stake in state-run […]
The reports on Budget 12-13 Budget Speech 2012-13 Budget Key Note Budget Report from Reliance Asset Management Company Budget Report from HSBC Asset Management Company Budget Report from KARVY
