Markets regulator Sebi on Wednesday proposed allowing Associations of Persons (AOPs) to open demat accounts in their name to hold certain securities, excluding equity shares. The proposal if implemented would promote ease of doing business and encourage the shift from physical to electronic holdings of securities. In its consultation paper, Sebi has proposed amending its … Read more
BIMSTEC can finalise a regional FTA in phases, which would lead to quicker implementation and promote investment, job creation, technology partnerships, and services according to a CII Study on BIMSTEC Economic Cooperation. The CII Study was released in New Delhi last week on the occasion of BIMSTEC Business Summit organised ahead of the group’s Summit … Read more
Lauding India‘s structural reforms, Amitabh Kant, India’s G20 Sherpa and former Niti Aayog chief, said such reforms have moved the country from the fragile 5 to the top 5, leading to a growth rate of about 8.4% in the last 3 quarters.“Analysts are correct in saying that 30% of the global GDP growth will come … Read more
New Delhi: The government is considering various strategies to ensure a nationwide rollout of the four labour codes even though some states and Union territories are yet to come out with draft rules under one or more of these codes.The ministry of labour and employment is considering several options including a gradual repeal of the … Read more
Capital markets regulator Sebi on Wednesday proposed relaxing rules for certain Foreign Portfolio Investors (FPIs) from enhanced disclosure requirements in a bid to promote ease of doing business. In its consultation paper, the regulator suggested exempting category I university funds and university-related endowments FPI that meet specific criteria from enhanced disclosure requirements. Additionally, it proposed … Read more
India has become one of the most attractive destinations in the world for foreign investment, but there is a need to level up those states in the country that have fallen behind, said Lord Gerry Grimstone, chairman, Gemcorp Capital Management. The former UK minister for investment said, addressing a session on ‘Unlocking Growth through Foreign … Read more
An expert committee formed by Sebi on Friday suggested to abolish the requirement of a mandatory security deposit with the exchanges before a public issue, a move that could make it easier for companies to access the primary market. Under the current rule, any company that is looking to launch a public or rights issue … Read more
In a move to reduce transaction costs and improve ease of doing business, the government on Monday automated the system of giving credibility to the Indian exporters in the international markets. Commerce and industry Piyush Goyal launched a new initiative to issue IT system based automatic ‘Status Holder’ certificates to exporters under the Foreign Trade … Read more
India has proposed a global legal framework for ease of doing business at the G20 with emphasis on greater opening up of trade and investment to lift growth, people familiar with the development told ET. The first draft revised declaration, to be discussed by the G20 sherpas at their third meeting under the Indian presidency … Read more
The State government has, in the year that’s just drawing to a close, cleared investment proposals worth nearly ₹1,26,750 crore, a major chunk (₹81,000 crore) of which is accounted for by the green energy projects. They will be creating direct employment to 40,330 people over the next seven years. An official release said that Chief … Read more