financial regulations

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    New Mutual Fund Category Streamlines Investor Asset Allocation

    New Delhi, February 26 – The Securities and Exchange Board of India (SEBI)'s decision to introduce a new category of mutual funds – Life Cycle Funds – with a tenure ranging from 5 to 30 years is a significant step for goal-based investing, experts said on Thursday.In its circular, SEBI stated...
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    Bandhan Bank Secures RBI Approval for SBI Mutual Fund Acquisition

    Kolkata, February 26 The Reserve Bank of India has approved a proposal by SBI Mutual Fund to acquire an aggregate holding of up to 9.99 per cent in Bandhan Bank, according to a regulatory filing on Thursday.Bandhan Bank informed stock exchanges that the RBI, through a letter dated February 25...
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    Mutual Fund Classification Changes Aiming for Greater Transparency

    New Delhi, February 26 The securities regulator, Sebi, on Thursday announced a revamped framework for classifying mutual fund schemes, introducing Life Cycle Funds, while scrapping the Solution Oriented Schemes category and tightening disclosure and overlap norms to enhance uniformity and...
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    Bill Aims to Return $175 Billion in Tariffs Imposed by Trump Administration

    Washington, February 24 – US Senate Democrats have introduced legislation to force the Trump administration to refund billions of dollars in tariffs after the Supreme Court ruled them unlawful.US Senator Ben Ray Lujan said that President Donald Trump "ignited a global trade war the moment he...
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    Pandey: Sebi to Assess Portfolio Management Framework

    Mumbai, February 23 The capital markets regulator, Sebi, will be conducting a review of the regulations governing portfolio management services (PMS), Chairman Tuhin Kanta Pandey said on Monday."We propose to carry out a comprehensive review of the SEBI (Portfolio Managers) Regulations, 2020...
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    Ramesh Chennithala Raises Concerns Over KIIFB's Financial Practices

    Thiruvananthapuram, February 17 – Congress Working Committee member and senior legislator Ramesh Chennithala intensified his criticism of the Kerala Infrastructure Investment Fund Board (KIIFB) on Tuesday, alleging that crores of rupees were being diverted under the guise of advertisements to...
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    High Court Questions Use of Funds in Kerala's Nava Kerala Project

    Kochi, February 17 The Kerala High Court on Tuesday said that government funds could not have been used for the Nava Kerala Citizen Response Programme and overturned the order authorizing ₹20 crore for the initiative.A bench of Chief Justice Soumen Sen and Justice Syam Kumar V M stated that...
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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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