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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 explained why her Government thinks it’s time to recognise wealth creators, the thinking behind ba...

Updated Feb 18, 2021 | 06:26 IST FM Sitharaman appreciated Sebi's measures during the year, especially those relating to dealing with the Covid situation se  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 SEBI (Stock Brokers) Regulations, 1992. Continuing efforts to further the ease of doing business in ...

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 the Securities Contracts (Regulation) Rules,1957 (SCRR), for issuers with post issue market capital e...

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 challenges, measures taken in the wake of the pandemic, capital raising during this financial year and implem...

Spot bullion exchange is also on the agenda