Pension Fund Regulatory and Development Authority (PFRDA) Chairman Deepak Mohanty has said that the pension schemes, such as the National Pension System (NPS) and Atal Pension Yojana (APY), have added 97 lakh new subscribers in 2023, taking the total subscriber base to 7.03 crore as of December 31, 2023. Of the total subscribers, 5.3 crore … Read more
Mumbai: The Securities and Exchange Board of India(Sebi) on Wednesday said it has set up working groups to suggest ways to simplify various rules and ease the compliance process and cost reduction. The regulator said, following the budget announcement for FY24, it formed 16 working groups, under the aegis of its standing advisory committees. These … Read more
In order to develop the market for emerging investment instruments, Sebi is looking to bring in norms for follow-on offers by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). REITs and InvITs were introduced in India to provide investors with an opportunity to gain exposure to real estate and infrastructure projects respectively, with … Read more
SEBI, in its Board meeting yesterday, approved a comprehensive range of measures to strengthen the securities market and the Corporate Governance of listed entities. These changes signify SEBI’s commitment to promoting transparency, accountability, and investor confidence in India’s capital markets. Most of these changes have been discussed with market participants as a part of the … Read more
“Pre-COVID, consumption used to grow at around 10% odd and there is no reason why going forward, we will not see that kind of growth which means that our businesses which are really dependent on consumption, will continue to grow quite strongly even as we go forward,” says Dalip Sehgal, ED & CEO, Nexus Select … Read more
In a relief to REITs and InVITs, the Finance Bill on Friday proposed to treat distribution from business as return of capital. While presenting the Union Budget on February 1, the government had proposed to tax income distributed by business trusts like REITs and InVITs in the form of debt repayments at the hands of … Read more
NEW DELHI: It is well known that real interest rates in India are currently deep in the negative territory, which is a key reason why investors looking for optimal returns rush to the equity markets. The quest for higher returns now has a new entity in its ranks — the Employees’ Provident Fund Organisation (EPFO). … Read more
Mumbai: Real Estate Investment Trusts and Infrastructure Investment Trusts will be eligible to be included in the Nifty indices with effect from September 30, according to revised eligibility criteria for inclusion released on Monday. As per the existing rules, all equity shares that are traded on the NSE are eligible for inclusion in the Nifty … Read more
JPMorgan in India as a lender to both the domestic and multinational companies has insights into corporate strategies. Its chief executive Madhav Kalyan tells Saikat Das and MC Govardhan Rangan what’s happening on the ground. Source link
MUMBAI: India’s market regulator is weighing a proposal that seeks to reduce the minimum investment limit in real estate investment trusts (REIT) to facilitate retail participation in this asset class, especially at a time when New Delhi is keen to monetise some of its income-earning properties. While the current floor is Rs 50,000, the threshold … Read more