REGULATIONS


Moneylife Digital Team 08 November 2011
The Group has alleged that NSE issued certain circulars in contravention to the rules and guidelines of the SEBI and thus favoured brokers over investors Delhi-based Investor Protection Group (IPG) has filed a writ petition in the Delhi High Court (HC) against the National Stock Exchange...

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Gurpur Gurpur 08 November 2011
The committee set up to review FEMA has made many pragmatic suggestions that will simply Portfolio Investment Scheme for NRIs With time and changes in the economy, many rules under the Foreign Exchange Management Act (FEMA) have become redundant.  “The operations of FEMA still betray a ‘fear’...

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Gurpur Gurpur 28 October 2011
Giving freedom to banks to fix their own interest rates on saving bank deposits in the present juncture may create more problems for the common man, who may have to face higher service charges and more restrictive practices The Reserve Bank of India (RBI) has always been known to be like a...

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Moneylife Digital Team 25 October 2011
“Changing the policy stance when inflation is still far above the tolerance level entails risks to the credibility of the Reserve Bank’s commitment to low and stable inflation,” the apex bank said in its policy review document.

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Moneylife Digital Team 25 October 2011
The RBI has already hiked the repo rate by 375 basis points (bps) from the bottom, and it is loose fiscal policy that is the main culprit behind high inflationary pressures, says Macquarie Over the past 22 months, headline inflation as measured by the wholesale price index (WPI) have remained...

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William Gamble William Gamble 24 October 2011
Marching against corruption in India is akin to marching against corporate fraud in the US. Civic activism across the globe is taking place because the youth want more transparency and fairness in the system Across the United States and across the world, young people, and some not so young,...

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Sucheta Dalal Sucheta Dalal 19 October 2011
The market regulator seems unable to break free from the past When UK Sinha took over as chairman of the Securities and Exchange Board of India (SEBI) in February 2011, I wrote, it was an advantage that he came without the baggage of litigation (against SEBI itself) that his predecessor had...

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William Gamble William Gamble 17 October 2011
With faith and with risks mounting for government bonds rising in developed markets, emerging markets countries and corporations were able to issue more debt than ever before. In 2010 Chinese companies raised three times more money from bonds as they did from equities. Now many of these bonds...

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William Gamble William Gamble 10 October 2011
Greece is a democracy with a free press and subject to the restrictions of the EU. China actively suppresses information. To determine the state of the Chinese economy it is sometimes necessary to look outside some of the official reports. Like discovery of the structure of DNA, it is necessary...

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Debashis Basu Debashis Basu 07 October 2011
SEBI’s circular on due diligence to be done by large distributors is yet to be taken seriously. Some banks are not even aware of it! Six months after the Securities and Exchange Board of India (SEBI) got a new chairman, the market watchdog issued a new circular that aims to regulate the...

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Sucheta Dalal Sucheta Dalal 06 October 2011
Interference of ministry or the PM in the selection of the SEBI head is the norm In June 2011, I wrote in this column, “Who will discipline a regulator that fails to discharge its responsibilities?” This was in the context of a strongly-worded letter by Dr G Mohan Gopal, a former member of...

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ML Digital Team 06 October 2011
The RBI (Reserve Bank of India) at its September annual conference of Banking Ombudsmen held in Mumbai has said that it has plans to improve processes to redress consumer grievances. The RBI or the Indian Banks’ Association would examine the issues pertaining to monetary compensation for mental...

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ML Digital Team 06 October 2011
SEBI is planning to regulate the practice of investment advisors who also act as distributors of the products they advise customers to buy. A discussion paper on regulating investment advisors & distributors will be soon put out for public comments. But it is not clear if SEBI’s draft paper will...

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S D Israni S D Israni 06 October 2011
The Everonn case shows how a chairman and directors are not enough to ensure governance among listed companies Even as investors are yet to recover from the shocking saga of Satyam Computer Services Ltd, a company that once formed a part of the Sensex, comes the sordid news of another...

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Moneylife Digital Team 30 September 2011
Our discussions of SEBI’s paper on investment advisors have drawn a tremendous response. Here is the summary of the distributors’ perspective Comments have been pouring in from distributors of financial products- apart from the ones that are already there in our website (Please scroll below...

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Moneylife Digital Team 29 September 2011
The new (flawed) investment advisor regulation is a non-starter since SEBI is proposing to regulate through the idea of Self Regulatory Organisation. SROs have not worked in the past and may fail in this case too The Securities and Exchange Board of India (SEBI) in a concept paper suggests...

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Moneylife Digital Team 28 September 2011
There is nothing stop an “agent” to pass back money to an “advisor”, which makes SEBI’s new idea nonsensical. If the agent and advisor sit side-by-side in two desks of the same bank, so much the worse The Securities and Exchange Board of India (SEBI), in a view to curb mis-selling of...

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Moneylife Digital Team 27 September 2011
If SEBI’s new norms on investment advisors come into force, mutual fund sales will decline even further and mis-selling of insurance products will increase! When UK Sinha took over as the chairman of the Securities and Exchange Board of India (SEBI), small distributors were elated. As the...

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Sucheta Dalal Sucheta Dalal 22 September 2011
The public is disgusted and angry over rampant corruption. Will politicians listen? All the Congress chickens seem to be coming home to roost, all together. But worse, they seem determined to stop at the prime minister’s (PM) door. Only recently, a former telecom minister (A Raja) and a...

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Ramesh S Arunachalam Ramesh S Arunachalam 12 September 2011
A good MIS is absolutely necessary for MFIs to manage the interface with clients and conduct activities/processes in a manner that is efficient, effective and transparent Understanding the state of management information systems (MIS) in Indian microfinance institutions (MFIs) is very...

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