Attention of members of public is invited to paragraph 31 of the first Bi-monthly Monetary Policy Statement, 2015-16 announced by the Reserve Bank on April 07, 2015 proposing to expand the scope of issuance of Rupee linked bond overseas by the international financial institutions as also permit Indian corporates, eligible to raise external commercial borrowings (ECB), issue such bonds with an appropriate regulatory framework.
Further, the Income Tax Authorities, Ministry of Corporate Affairs and the State Government of Madhya Pradesh are being intimated about the exit of MPSE, for appropriate action at their end.
Press Note No. 6 (2015 Series) The Government of India has reviewed the position in this regard and decided to revise the investment limit for cases requiring prior approval of the Foreign Investment Promotion Board (FIPB)/ Cabinet Committee on Economic Affairs (CCEA).
The Government of India has reviewed the FDI policy relating to investments by Non. Resident Indians (NRIs), Persons of Indian Origin (PIOs) and Overseas Citizens of India (OCIs). It has been decided to amend the definition of Non Resident Indian as contained in the FDI policy, and also to provide that for the purposes of FDI policy, investment by NRIs under Schedule 4 of FEMA (Transfer or Issue of Security by Persons Resident Outside India) Regulations will be deemed to be domestic investment at par with the investment made by residents.
The Reserve Bank has today released the final circular on the relaxation in requirement of additional factor of authentication (AFA) for small value card present transactions for values up to ₹ 2,000/- per transaction across all merchant categories. This is in line with the
The SEBI (Research Analysts) Regulations, 2014 were notified on September 01, 2014 and came into effect from December 01, 2014. Already 42 registrations have been granted under RA Regulations. The RA Regulations are available on the SEBI websitewww.sebi.gov.in.
PR No. 132/2015 Whole Time Member, SEBI, has passed an Order on May 14, 2015 providing the exit to Madras Stock Exchange Limited (MSE). MSE is the fourteenth Stock Exchange to exit under this policy.
The Reserve Bank of India placed on its website, an article titled ‘Recent Trends in Residential Property Prices in India: An exploration using housing loan data’ based on the results of its ‘Residential Asset Price Monitoring Survey’.
The following major issues were inter alia discussed during the meeting: i. Carving out a regulatory framework for market based financing of Techno Start ups ii. Participation of Institutional Investor in the Governance of Investee Companies iii. Challenges before SEBI on Proposed Merger of Commodities Market into Securities Market iv. Compensating the victims (if identifiable) of Insider Trading offences
Eight other banks, namely, Central Bank of India, Bank of India, Punjab and Sind Bank, Punjab National Bank, State Bank of Bikaner & Jaipur, UCO Bank, Union Bank of India and Vijaya Bank have been cautioned to put in place appropriate measures and review them from time to time to ensure strict compliance of KYC requirements in future.
