SEBI tightens buyback rules

SEBI has released new buyback norms and a number of other market friendly measures. Under the new rules: It is mandatory for companies selling shares to purchase at least 50% of the offer size. If they fail to do so, the ..

Month: Current Affairs - June, 2013

SEBI relaxes foreign investment norms; a new category Foreign Portfolio Investors (FPIs) approved

In a bid to attract a larger number of foreign investors to Indian capital markets, SEBI approved a slew of changes. Among the major changes are simplification of registration and compliance requirements for foreign investors. As per new measures: A new category ..

Month: Current Affairs - June, 2013

DIPP clarifies: MBRT doesn’t allow trading through franchise route

The Department of Industrial Policy and Promotion has clarified the queries on FDI policy for Multi-Brand Retail Trading (MBRT) from global retailers. The clarification is as follows: Foreign retailers entering India’s multi-brand segment will not be allowed to franchise their ..

Month: Current Affairs - June, 2013

Government clears 14 FDI proposals worth over Rs 1,300 cr

Agreeing to the recommendations of Foreign Investment Promotion Board (FIPB), the government gave nod to 14 FDI proposals worth about Rs 1,311 crore. Among companies which are approved for receiving FDI are Hindustan Port Ltd, Pharma firm Aanhaneya Lifecare, Bangalore-based ..

Month: Current Affairs - January, 2013

Category: India Nation & States Current Affairs

Govt mulls over making gold imports pricey to control CAD

Finance Minister P. Chidambaram has hinted that import of gold may be made costlier to discourage the demand of the metal in order to contain widening Current Account Deficit (CAD). CAD, which represents the difference between exports and imports after ..

Month: Current Affairs - January, 2013

Govt approves FDI proposals worth Rs.802 cr

Agreeing to the recommendations of FIPB [Foreign Investment Promotion Board], the Central Government cleared 12 FDI proposals which will make total inflow of over Rs.802 crore. Major Proposals cleared by FIPB:

Month: Current Affairs - December, 2012

FDI ceiling in ARCs increased to 74%

With an aim to attract greater foreign expertise in the domain of asset reconstruction, the government has raised the foreign investment ceiling in Asset Reconstruction Companies (ARCs) to 74% from previous 49%. However, FDI in ARCs would need to abide ..

Month: Current Affairs - December, 2012

FDI in retail passed in the Rajya Sabha also

The UPA government secured a second victory as FDI in retail was passed in the Rajya Sabha. It had already won vote in Lok Sabha. As seen by the government, this win will give fillip to implement economic reform agenda ..

Month: Current Affairs - December, 2012

Category: India Nation & States Current Affairs

Apex court refuses to interfere with policy on FDI in retail

Asserting that Policy making is exclusive right of the executive, the Supreme Court refused to interfere with the policy on FDI in retail. The Centre informed the court that Reserve Bank of India had notified the amendments to the regulations ..

Month: Current Affairs - November, 2012

Category: Legal & Constitution Current Affairs

DoT rejects proposal of Parekh panel

The Department of Telecommunications (DoT) rejected the proposal of the Parekh committee on the financing of infrastructure to increase the ceiling on FDI in this sector from current 74% to 100%. DoT opposes this due to security concerns . The ..