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  • SEBI Directed FIIs to Comply with Deadline

    Market regulator Securities and Exchange Board of India (SEBI) rejected the demand of foreign institutional investors (FIIs) for extending the 1 October 2010 deadline to comply with new rules that require funds to have a minimum of 20 investors.

    Oct 10, 2010
  • India to Reduce Market Borrowing

    The Government of India in September 2010 decided to reduce its market borrowing by a whopping Rs 10000 crore in the second half of the current fiscal (2010-11).

    Oct 10, 2010
  • RBI Cleared Transfer of Shares from CSB to Edelweiss

    The RBI cleared NRI businessman Surichan Chansri Chawla's transfer of Catholic Syrian Bank (CSB) shares to Edelweiss Capital on 19 Sept 2010. Edelweiss held 0.39% stake in

    Oct 10, 2010
  • One Year Extension for MCX-SX

    MCX Stock Exchange on 13 Sept 2010 got one year extension to offer trading in currency derivatives from Capital market regulator, SEBI. MCX-SX can begin trading in

    Oct 10, 2010
  • New WPI Series Launched

    The Indian Government on 14 Sept 2010 launched a new series of Wholesale Price Index (WPI) with 2004-05 as base year. Before the government adopted the new WPI,

    Oct 10, 2010
  • EPFO Raised Interest Rate on Retirement Benefits

    The Employees' Provident Fund Organisation (EPFO) raised the interest rate on retirement benefits by a full percentage point to 9.5% for 2010-11 from 8.5% as

    Oct 10, 2010
  • Union Cabinet Agreed on Ten Per Cent Disinvestment in MOIL

    The Indian Union Cabinet gave green signal for 10 per cent disinvestment in Manganese Ore India Ltd. (MOIL) through an initial public offering (IPO) as well as share sale of 5 per

    Oct 10, 2010
  • Eligibility Threshold for Renewable Energy Based Projects Reduced

    Electricity regulator CERC recently lowered the eligibility threshhold thereby making it easier for the small renewable energy based projects to connect better to the inter-state

    Oct 10, 2010
  • Repo & Reverse Repo Rates Hiked by RBI

    Reserve Bank of India (RBI) on 27 July 2010 raised its short-term policy rates to control inflation. The apex bank hiked the repurchase rate by 25 basis points to 5.75 percent and the reverse repurchase rate by 50 basis points to 4.50 percent.

    Oct 10, 2010
  • RBI Rejected IMG Proposal

    The Reserve Bank of India recently rejected a proposal from an Inter-Ministerial Group (IMG) to relax the stipulation that business correspondents (BC) should be within 30 km distance of a branch.

    Oct 9, 2010
  • PMEAC Released Economic Outlook for 2010-11

    The Prime Minister's Economic Advisory Council (PMEAC) on 23 July 2010 released the Council's ‘Economic Outlook for 2010-11' to the media.

    Oct 9, 2010
  • PMEAC Predicted Slow Growth in the Mining Sector

    According to the Prime Minister's Economic Advisory Council (PMEAC), India's mining sector is likely to see a slowdown in growth to 8 per cent in the 2010-11 fiscal.

    Oct 9, 2010
  • Mid-quarter Review of the Monetary Policy

    The Reserve Bank of India recently decided to undertake mid-quarter review of the monetary policy to keep pace with the global practices and the fast-changing changing monetary environment.

    Oct 9, 2010
  • HPCL Declined Credit Line for Kingfisher Airlines

    Hindustan Petroleum Corp (HPCL) declined to reopen a credit line for the debt-stricken Kingfisher Airlines.

    Oct 9, 2010
  • TRAI Tariff Order

    The Indian broadcasters were upset by the 22 July 2010 tariff order of TRAI that directed them to offer television channels to addressable platforms such as DTH and IPTV at 35 per cent of the rates for a normal cable operator. The TRAI order mandated DTH players to offer pay channels on an a la carte basis latest by 1 January 2011 and also maintained that the monthly minimum subscription fee should not exceed Rs 150.

    Oct 9, 2010

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