policy framework

The Committee on Comprehensive Regulation for Credit Rating Agencies (CRAs), set up by the Department of Economic Affairs, Ministry of Finance under the Chairmanship of Dr. K.P. Krishnan, Joint Secretary (Capital Markets) with representatives from all the financial sector regulators, has felt that prima facie there is no immediate concern about the operations and activities of CRAs in India even in the context of the recent financial crisis. Full Article

Shri Anand Sharma, Union Minister of Commerce and Industry, has released the first draft consolidation of all the aspects of FDI Policy and FDI Framework, here today, and also launched the same in the Department of Industrial Policy & Promotion’s website (http://dipp./nic.in). Briefing the media on the occasion, Shri Sharma said that such consolidation would ensure the availability of all information on FDI policy at one place, and is expected to lead to: simplificatio.. Full Article

A.P. (DIR Series) Circular No.18 In terms of Prevention of Money Laundering Act, (PMLA), 2002, as amended by Prevention of Money Laundering (Amendment) Act, 2009, all Authorised Persons (APs), authorized under Section 10(1) of FEMA, 1999, have been brought under the purview of PMLA, 2002. Therefore, detailed instructions on Know Your Customer (KYC) norms/ Anti-Money Launderings (AML) standards/ Combating the Financing of Terrorism (CFT) in respect of cross-border inward.. Full Article