INDIA

India Looks to Expedite New Bank Licenses

By Editors | 31/07/2015

The Reserve Bank of India has asked the Income Tax Department to expedite the collection of financial and tax history of almost 50 companies seeking licences to operate small finance and payment banks in India.

India to Weaken Central Bank Monetary Powers

By Editors | 27/07/2015

Ministry of Finance releases draft regulation which would revamp the way the RBI sets monetary policy.

India to Introduce Guidelines for Algorithmic Trading

By Editors | 26/07/2015

The Securities and Exchange Board of India is working on guidelines to regulate algorithmic trading and is expected to release them within the next two months.

SEBI Seeks Government Guidance on Commodity Derivatives Participation by Foreign Investors

By Editors | 25/07/2015

The Securities and Exchange Board of India is seeking guidance from the Finance Ministry ahead of its merger with the Forward Market Commission on whether to allow Foreign Portfolio Investors into the commodity derivatives market.

India to Review ‘Call & Put Option’ Rules to Boost Foreign Investment

By Editors | 25/07/2015

India’s Finance Ministry is looking to allow greater pricing flexibility for securities with an exit valuation clause at a rate set beforehand, in a move to attract more private equity and venture capital investment for e-commerce and other emerging sectors.

India Cracks Down on Erroneous Trades and Annulment Requests

By Editors | 20/07/2015

The Securities and Exchange Board of India has issued a circular asking stock exchanges to penalise brokers placing erroneous orders and to discourage frivolous trade annulment requests.

India to Clarify Tax Rules for Foreign Fund Managers

By Editors | 18/07/2015

The finance ministry and the central tax department board may soon issue clarifications on tax treatment making it easier for fund managers operating large India-dedicated funds to set up an office in the country.

Advisory Board Asks SEBI to Focus on Averting Crisis

By Editors | 18/07/2015

Focus on understanding the commodities markets with an emphasis on averting crisis before taking up developmental issues.

India Regulator to Create Trade Depository Winding Down Framework

By Editors | 17/07/2015

The Securities and Exchange Board of India (SEBI) is working on a new policy which will establish a framework for the orderly winding down of trade depositories in the event of a depository going bust or voluntarily closing its business.