financial regulations

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    Spectrum Ownership Clarified: SC Decision Impacts Telecom Sector

    New Delhi, February 13 In a landmark decision, the Supreme Court on Friday ruled that the spectrum allocated to telecom service providers is not an asset subject to proceedings under the Insolvency and Bankruptcy Code.This decision will have implications for the telecommunications sector...
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    Chartered Accountants Seek Legal Safeguards and Government Support

    New Delhi, February 12 Congress leader Vivek K Tankha demanded legal protection for chartered accountants and called for measures to break the dominance of the four multinational audit firms in India, stating that domestic CA firms need government support to compete.Raising the issue during...
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    New RBI Draft Exempts Smaller NBFCs from Registration

    Mumbai, February 10 The RBI announced on Tuesday that Tata Motors Finance and Piramal Enterprises have surrendered their registration certificates.Both entities had merged with associate companies in the recent past.Along with these two entities, six other non-banking financial companies...
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    RBI Announces New Lending Norms for Urban Cooperative Banks

    Mumbai, February 10 The Reserve Bank of India (RBI) on Tuesday released draft amendment guidelines for lending, proposing to allow urban cooperative banks to double the share of unsecured assets to 20 per cent.According to the draft guidelines for UCBs, the central bank is proposing to...
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