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‘Every number in this budget has been vetted for being achievable’ Fresh from presenting a Budget that represents a clean break from past policies, Union Finance Minister Nirmala Sitharaman was in Chennai last weekend to hear feedback from industrialists and common citizens. “This is a Budget that was put through the wringer to ensure that every number was credible and achievable and did not reflect over-ambition,” she said, in an hour-long interaction with BusinessLine. The Minister ...

Updated Feb 18, 2021 | 06:26 IST FM Sitharaman appreciated Sebis measures during the year, especially those relating to dealing with the Covid situation se&nbsp Mumbai: Markets regulator Sebi has approved a slew of proposals, including relaxing minimum public offer requirements and amending norms for portfolio managers. Besides, the watchdog cleared repealing of Sebi (Underwriters) Regulations, 1993 and amendments to the Sebi (Merchant Bankers) Regulations, 1992 and the S...

SEBI Relaxes Minimum Public Offer Requirements for Large Issuers; Board Meets FM Moneylife Digital Team  0 Securities and Exchange Board of India (SEBI) has relaxed norms of minimum public offer (MPO) for large companies to Rs10,000 crore plus 5% of the incremental amount beyond Rs1 lakh crore. The SEBI board, at its meeting in New Delhi, also decided to amend underwriting provisions and portfolio management rules.   In a statement, SEBI says, "The Board has decided to recommend changes in t...

Finance Minister Nirmala Sitharaman on Wednesday appreciated the measures taken by Sebi, especially to deal with the COVID situation, and emphasised the need for timely implementation of announcements related to the capital market made in the Union Budget 2021-22. The minister addressed the board of Sebi in the national capital on Wednesday for the first time after the presentation of the Budget on February 1. Sebi Chairman Ajay Tyagi made a presentation on current market trends and challenge...

Spot bullion exchange is also on the agenda

The case for rejig of tax norms for AIFs in India Premium Nikhil Kamath If government reconsiders the tax norms for AIFs in India it would act us a great stimulator to attract a significant amount of foreign as well as domestic capital of the Indian markets: Nikhil Kamath, co-founder of Zerodha Share Via Read Full Story The effects of the pandemic were short-lived on the markets – resulting in one of the most volatile years in history. With the great ruckus that 2020 had been, there was an ea...

Budget 2021 | Explained: What the proposed single Securities Markets Code means for investors and markets Finance Minister Nirmala Sitharaman proposed merging some of the most important Acts that govern the capital markets and securities into one common code. What is the aim? What will be its impact? Read on. February 03, 2021 / 02:26 PM IST Finance Minister Nirmala Sitharaman stands next to Minister of State for Finance and Corporate Affairs Anurag Thakur (L) as she leaves her office to p...

Growth-oriented Budget with a balanced approach × Being a technology company that promotes digitisation, we are excited to see the first-ever Digital Budget in the history of India. The government is leading by example the way it is adopting digital transformation, be it faceless tax assessments or going all the way to make the Budget process entirely digital. Keeping in view the fact that the world is fighting the battle with first-ever pandemic in the past 50 years, this Budget is a very bal...

‘The 34.5% rise budgeted in capex for 2021-22 is likely to have a multiplier impact on different sectors of the economy’

‘Investor Charter’ likely to find place in SEBI, IRDAI regulatory framework February 02, 2021 High-level group to work on single securities market code: Tarun Bajaj The Finance Ministry has indicated that the Securities and Exchange Board of India (SEBI) and the Insurance Regulatory and Development Authority of India (IRDAI) could consider introducing the ‘investor charter’ as part of the regulatory framework. “It is up to SEBI and IRDAI to consider ‘investor charter’ as part of r...