INDIA

RBI Governor Backs PDMA Proposal

By Editors | 02/06/2015

Governor Raghuram Rajan said there was no reason for the RBI to manage public debt and he would be happy if the public debt management function goes to the government.

India’s SEBI Picks Narayana Murthy to Lead Startup Funding Platform

By Editors | 21/05/2015

India’s capital markets regulator has named Infosys founder N.R. Narayana Murthy to head an 18-member panel that will prepare a new regulatory framework for startups and alternative investments.

India’s SEBI Plans Further Relaxing Listing Rules

By Editors | 17/05/2015

To allow for easier fund-raising and investor exits, India’s capital market regulator plans to exempt start-ups that plan to sell shares to the public through the proposed alternative capital-raising platform from the mandatory promoters’ holding lock-in period.

India Appeases Foreign Investors as Government Moves to Resolve Tax Row

By Editors | 07/05/2015

India is setting up a panel that will suggest ways to resolve disputes arising from the country’s imposition of the minimum alternate tax (MAT), a levy imposed on years-old capital gains of foreign companies.

India’s SEBI to Alter Rules on Alternative Investment Funds

By Editors | 04/05/2015

The Securities and Exchange Board of India plans to introduce changes in the rules on alternative investment funds (AIFs).

Innovation in Regulatory Infrastructure Needed for Growth in Indian Finance

By Garima Chitkara | 03/05/2015

India is in a unique position to ensure a more nimble and transparent financial regulatory architecture.

Local Exchanges Listing in India Faces Delay Ahead of SEBI-FMC Merger

By Editors | 29/04/2015

A plan to merge India’s capital market watchdog with the country’s commodity market regulator could put the listing of local exchanges such as the Bombay Stock Exchange on hold for at least six months.

India’s New Loan Provisioning to Increase Lending Costs

By Editors | 26/04/2015

Indian banks’ lending-related costs could rise by 20% following a recent rule that require banks to make bigger provisions for restructured debt.

India Warns of Penalties on Companies Without Women Directors

By Editors | 09/04/2015

India’s market regulator said it will take action against directors of companies that do not comply with a new rule requiring at least one woman to be on their board by October.