Sebi gives itself powers to grant exemptions to FPIs
Synopsis The Securities and Exchange Board of India (Sebi) can now use special powers to relax compliance requirements for foreign funds. The capital markets regulator’s board has been empowered to…
Income tax deductions and benefits that the salaried expect from Budget 2022
Tax-free work from home allowances, Standard deduction hike are among some of the expectations o the salaried class from Nirmala Sitharaman’s Union Budget 2022 Budget 2022 is round the corner.…
RBI conducts variable repo rate auction of ₹75,000 crore
RBI has been continuously doing VRRR auctions to remove this excess liquidity from the banking system The central bank received bids worth ₹1.37 lakh crore compared to the notified amount…
IBC Journey in 2021: Hits and Misses
Many improvements, but still some way to go Thought passed by the Parliament in May 2016, the Insolvency and Bankruptcy Act (IBC), picked up momentum only when RBI recommended 12…
Is India’s Data Protection Bill really protecting its people and their data?
The Bill has been criticised for focusing more on government’s interests than on data owners’ privacy With the advancement in technology, devices connected to the internet can pick up a…
Sebi mulls dispute resolution mechanism to boost investor protection
Sources say Sebi is studying feasibility of introducing arbitration mechanism to settle disputes between investors and listed firms or clients and any regulated intermediary Market regulator Securities and Exchange Board…
Irdai reduces obligatory cession of premiums to GIC Re to 4% from FY23
Obligatory cession refers to the part of the business that general insurers have to mandatorily cede to the national reinsurer, GIC Re The insurance regulator has reduced the obligatory cession…
RBI seeks details of NBFCs’ ‘buy now, pay later’ deals with e-tailers
It may be recalled that the RBI’s Financial Stability Report of December 2021 had called attention to the retail credit growth model confronting headwinds The ‘buy now, pay later’ (BNPL)…
Sebi tightens rules governing utilisation of IPO proceeds
Synopsis The regulator has prescribed certain conditions for offer-for-sale (OFS) to the public in an IPO, where draft papers are filed by an issuer without a track record. New Delhi,…
Ulips bought after Jan 2021 will be tax exempt only under these conditions: Govt issues rules
Synopsis Budget 2021 had proposed to remove the tax-exempt status on the proceeds of ULIPs if the annual premium exceeded Rs 2.5 lakh. However, there were a lot of ambiguities…