To check Oneindia News on your Mobile
go to:   http://m.oneindia.in/news/
  •  

Capital markets initiatives in Budget

 [IST]
New Delhi, Feb 28 (UNI) In line with measures announced every year to strengthen the capital markets, Finance Minister P Chidambaram proposed in the Budget 2007-08: * PAN to be made sole identification number for all participants in securities market with an alpha-numeric prefix or suffix to distinguish a particular kind of account; * Idea of Self Regulating Organisations (SRO) to be taken forward for different market participants under regulations to be made by SEBI; * Mutual funds to be permitted to launch and operate dedicated infrastructure funds; * Individuals to be permitted to invest in overseas securities through Indian mutual funds; * Short selling settled by delivery, and securities lending and borrowing to facilitate delivery, by institutions to be allowed; and * Enabling mechanism to be put in place to permit Indian companies to unlock a part of their holdings in group companies for meeting their financial requirements by issue of Exchangeable Bonds.

UNI
Topics: BUDGET-CAPITAL MARKETS
Other articles published on March 17, 2007

Patient nabbed for burning counsellor

Saturday, March 17, 2007,18:34 [IST]
Jabalpur, Mar 6 (UNI) A suspected AIDS patient, who doused a medical counsellor with kerosene and set him ablaze at the local Netaji Subhas Chandra Bose Medical College Hospital over a trivial issue this afternoon, was arrested this evening. ''Kaushal Kishore Jaiswal, a resident of Sidhi district's Sarra village--who was undergoing counselling at the hospital for about a year-- suspected that he was suffering from AIDS and set on fire Sanjay Shrivastav during a counselling session this afternoon. Though Jaiswal managed.....
Read More

Court reserves orders on Margadarsi revision plea till Mar 16

Saturday, March 17, 2007,18:35 [IST]
Hyderabad, Mar 6 (UNI) The Metropolitan Sessions Court today reserved orders till March 16 on the revision petition filed by Margadarsi Financiers, owned by media baron Ramoji Rao, seeking a stay on its premises being searched by the state CID. After hearing counter arguments of Margadarsi counsel Padmanabha Reddy, Judge A Anantasayana Prasad reserved the judgement on the revision petition till March 16 evening. The counsel questioned under what provision the Rangachari Commission was appointed to inquire into matters of.....
Read More

HC reserves orders on Nalini's daughter's case

Saturday, March 17, 2007,18:35 [IST]
Chennai, Mar 6 (UNI) Madras High Court today reserved orders on a petition filed by Nalini, who was awarded life sentence in the Rajiv Gandhi Assisination case, seeking a direction to the Union Government to permit her daughter Mehra to come to India and stay here until the status of her citizenship was decided by the Centre under Section 9 (2) of the Citizenship Act. A Division Bench comprising Chief Justice A P Shah and Mr Justice K Chandru reserved orders.....
Read More

Piramal Group compliments Finance Minister

Saturday, March 17, 2007,18:35 [IST]
Mumbai, Mar 1 (UNI) Nicholas Piramal India Limited Chairman Ajay Piramal and Director Dr Swati Piramal today complimented the Finance Minister and termed the Union Budget 2007-08 as 'novel' one. ''The most redeeming feature of this Budget is keeping the fiscal deficit of 2007-08 well below the FRBM target of 3.3 per cent. The proposal also contains some novel thinking such as Reverse Mortgage Scheme to be implemented by the National Housing Bank, companies allowed to issue exchangeable bonds for unlocking.....
Read More

State Q branch police arrests a Srilankan national

Saturday, March 17, 2007,18:35 [IST]
Tiruchirapalli, Tamil Nadu, Mar 6 (UNI) Sleuths of Tamil Nadu 'Q' branch police have arrested a Sri Lankan national, suspected to have links with the banned Sri Lankan Terrorists Organisation, the Liberation Tigers of Tamil Eelam (LTTE), at Dheeran Nagar here tonight. A senior Q branch police official told UNI that the state police who had secured Arulseelan (32) last night at his house, after conducting a surprise raid had handed over him to the Q branch police for further interrogation......
Read More
User Comments
[ Post Comments ]
Be the first to comment on this article.
Oneindia  Oneindia Login
People Talk
Shubham GhoshonIndian Agriculture in Dire Straits, Farmers' Woes Persist
ANUPAMonUPA Min leaked army coup story to malign Gen VK Singh?
Nasir SultnonPervez Musharraf murdered my mother: Bilawal Bhutto
vinod kumaron90% Indians want Abdul Kalam as Prez; Karunanidhi cornered?
BAPTYSonInclusiveness should be Narendra Modi's mantra for success

Video Gallery