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28 FDI proposals cleared (05 Jul 2008)
Based on the recommendations of Foreign Investment Promotion Board (FIPB) in its meeting held on 24th June, 2008, Finance Minister, Shri P. Chidambaram has approved 28 Proposals of Foreign Direct Investment amounting approximately to Rs. 1327.7251 Crore. The proposals relate to Ministries/Departments, namely Chemicals & Petro-chemicals, Industrial Policy & Promotion, Information & Broadcasting, Urban Development, Tourism and Economic Affairs.
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Telephone based banking services to check irregularities in NREGA wage payments (05 Jul 2008)
The Ministry of Rural Development decided upon using telephone based banking services which would be easily accessible to the workers even in the remote areas of the country for checking irregularities in the payment of wages and to safeguard rights of workers The Ministry has accordingly requested the Department of Financial Services, Ministry of Finance, Government of India to facilitate the process of disbursement of wages to NREGA workers through bank accounts and disseminate the new technology to promote branchless banking through mobile phones.
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Strengthening financial stability and depositor protection (02 Jul 2008)
Proposals for strengthening the framework for financial stability and protecting depositors were published today by HM Treasury, the Financial Services Authority and the Bank of England.
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UK plans reforms to provide access to affordable credit (01 Jul 2008)
Economic Secretary to the Treasury, Kitty Ussher MP, today confirmed Government plans to make it easier for families to access the affordable credit options offered by credit unions by removing the red tape restricting the growth of the sector.
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Madras HC dismisses petition seeking extension of loan waiver scheme (01 Jul 2008)
The Madras High Court has dismissed a PIL, seeking to extend the Centre's crop loan waiver scheme to all farmers in the country.
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MHAA alleges harrasment by CBI, moves Madras High Court (01 Jul 2008)
The Madras High Court Advocates Association has filed a case against the Central Bureau of Investigation (CBI) for "harassing" the advocates, who give legal opinion to banks on immovable properties for the purpose of advancing loans.
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Details of UK assessment of trading funds announced (26 Jun 2008)
Further details of a Government assessment into trading funds were announced today by the Department for Business and the Treasury. The review, announced as part of Budget 2008, will be conducted by the Shareholder Executive and will consider the benefits to the wider UK economy from any potential changes to the trading funds' business model.
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Finance Ministry defends REPO rate hike (25 Jun 2008)
'These steps are necessary in the face of rising inflation due to relentless increase in crude oil prices.'
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SEBI simplifies issuance and listing of debt securities (23 Jun 2008)
In order to facilitate development of a vibrant primary market for corporate bonds in India, SEBI has notified Regulations for Issue and Listing of Debt Securities to provide for simplified regulatory framework for issuance and listing of non-convertible debt securities (excluding bonds issued by Governments) issued by any company, public sector undertaking or statutory corporations.
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SEBI notifies SEBI (Intermediaries) Regulations, 2008 (23 Jun 2008)
SEBI has undertaken redrafting project to consolidate the common requirements which apply to all intermediaries. Given the fact that many requirements and obligations of most intermediaries are common, SEBI has notified SEBI (Intermediaries) Regulations, 2008.
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