The Finance Ministry has decided to exempt foreign companies from paying the Minimum Alternate Tax if they do not have a permanent establishment in India, in a bid to boost investor confidence.
The Securities Exchange Board of India intends to begin talking to global fund managers about investing foreign pension money in India.
BSE told brokers that it will seek approval from SEBI to launch a commodity segment.
The Securities and Exchange Board of India is considering tightening regulations relating to risk management for agricultural commodities derivatives.
SBI and ICICI bank get permanent seat at the joint lenders forum for distressed assets.
Plan to implement a mechanism for prompt and proper disclosures of changes to credit ratings of listed firms, in a bid to safeguard investor interests.
India’s government and various regulators are consulting the public on newly proposed recommendations by a high-level government committee to curb misselling of financial products.
Lenders will no longer need prior approval to make equity investments if they have a capital risk-weighted asset ratio exceeding 10 percent and have made a profit in the previous financial year.
The Reserve Bank of India is planning to restrict the numbers of members in the Joint Lenders’ Forum in a bid to ease the difficulties banks often face in resolving distressed assets.
The Securities and Exchange Board of India has asked fund managers to explain their rationale for corporate bond investments and closely monitor recently-downgraded companies they hold.
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