Page-37 of 2012

Govt Allows LIC’s investment cap in firms to 30%

November 23, 2012

The Finance Ministry has relaxed the investment norm for Life Insurance Corporation of India. LIC can now invest up to 30% of a company’s paid-up capital. Earlier it could invest up to 10%. Objective: This can be seen as an ..

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GAAR amendments finalized: Chidambaram

November 23, 2012

Finance Minister P.Chidambaram held that the amendments to General Anti-Avoidance Rules (GAAR), have been finalized. GAAR, was proposed in the 2012-13 Budget in order to preventing tax evasion. But it aroused sharp reactions from foreign as well as domestic investors ..

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US lifts ban on most Myanmar imports

November 23, 2012

In order to boost reform in Myanmar US President Barack Obama has trashed a nearly decade-old ban on most imports from Myanmar. Thus, US economy will now open up to products from the Myanmar (formerly known as Burma). The exception ..

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SEBI eases Mutual Fund exposure limit for HFCs

November 23, 2012

SEBI eased the the investment limit for HFCs (Housing Finance Companies) in debt mutual funds. An additional exposure not exceeding 10% of net assets of the scheme shall be allowed only to HFCs as part of financial services sector for ..

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Justice Katju condemns girl's arrest for Facebook post

November 23, 2012

Markandey Katju, former Supreme Court judge and Press Council chairman  wrote 2 emails of protest to the Maharashtra CM Mr. Prithviraj Chavan strongly decrying the arrest of two girls Shaheen Dhada and Renu who criticized on Facebook the state "bandh" ..

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TDSAT reserves order on Tata Teleservices-Vodafone dispute on SMS fee

November 23, 2012

Tata Tele took Vodafone to Telecom Disputes Settlement and Appellate Tribunal (TDSAT) against Vodafone’s notice threatening to disconnect termination of SMSes on its network over a dispute on certain fees. A single-member Telecom Disputes Settlement and Appellate Tribunal (TDSAT) bench ..

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Airtel Completes Largest Network Transformation in African Telecoms History

November 23, 2012

Bharti Airtel Ltd, India’s largest telecommunications operator has finished an end-to-end network transformation program across the 16 African countries in which it operates. This transformation programme by Airtel follows the 2011 declaration of an on-going 5 year multi-country managed services ..

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RBI inks MoU with State Bank of Vietnam

November 23, 2012

The RBI and the State Bank of Vietnam (SBV) concluded a Memorandum of Understanding (MoU) to encourage greater co-operation and sharing of supervisory information b/w the two supervisors. 

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