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Sebi approves KYC norms for FPIs, new settlement mechanism
Posted on 18th September 2018
Mumbai: The Securities and Exchange Board of India (Sebi) today approved a slew of proposals, including revised framework for settlement of cases and new know-your-customer (KYC) norms for foreign portfolio investors (FPIs). The proposals were cleared by the Sebi board at its meeting in Mumbai.

Sebi chairman Ajay Tyagi said the board has approved new KYC norms for FPIs and fresh guidelines would be issued soon. The market regulator has approved a proposal to allow foreign investors to trade in commodity derivatives market, except for sensitive commodities, as well as common application form for the registration of FPIs in the domestic markets, Tyagi told reporters after the board meeting.

The board has given its nod for amending delisting regulations. Further, interoperability of clearing houses for commodities and new methodology to calculate the total expenses ratio for fund managers have been cleared.

Related Companies: Securities and Exchange Board of India ( SEBI )   

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PM Modi pitches for structural reforms in agriculture to boost investment
Posted on 15th June 2019
With the farm sector facing headwinds, Prime Minister Narendra Modi on Saturday stressed upon the need for structural reforms in agriculture which would boost private investment, strengthen logistics and provide ample market support to farmers.

Delivering the opening address during the fifth Governing Council meeting of NITI Aayog, PM Modi said that the food processing sector should grow at a faster pace to benefit the farmers.


Importance of Bitcoin futures has been understated, JPMorgan says
Posted on 15th June 2019
Bitcoin futures may be more important than many in the market appreciate, according to JPMorgan Chase & Co.

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Air India spreads its wings, plans flights for Bali, Nairobi and Toronto
Posted on 15th June 2019
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Indian Oil Corporation in fuel switch drill
Posted on 15th June 2019
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RBI asks banks to grout ATMs to wall, pill or floor to enhance security
Posted on 15th June 2019
The Reserve Bank on Friday asked banks to ensure their ATMs are grouted to a wall, pillar, or floor by September-end, except those installed in high secured premises such as airports, to enhance security of the cash vending machines.

In 2016, the RBI had set up a Committee on Currency Movement (CCM) to review the entire gamut of security of treasure in transit.


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