ESMA

ESMA likely to seek board help to resolve stalemate with RBI

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ESMA likely to seek board help to resolve stalemate with RBI

Mumbai: The European Securities and Markets Authority (ESMA) may approach its board to seek ways to resolve a regulatory stalemate with the Reserve Bank of India (RBI) which poses roadblocks to billions of dollars of bond and derivatives trade by European banks in India, said people familiar with the matter. The developments come at a … Read more

Uttar Pradesh government extends ban on strikes in state departments for another six month

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Uttar Pradesh government extends ban on strikes in state departments for another six month

Lucknow: The Uttar Pradesh government on Wednesday extended the Essential Services Maintenance Act in the state, banning strikes in all departments and corporations under it for a period of another six months. ESMA, as it is commonly known, gives police right to arrest without a warrant anybody violating the Act’s provisions. It has been invoked … Read more