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SEBI simplifies norms for foreign investors

-The Hindu Scraps broad-based criteria, eases Know-Your-Customer rules; FPIs had sold shares worth over Rs.22,000 cr. in July, August mumbai: At a time when foreign investors have been selling Indian shares in huge quantum, the Securities and Exchange Board of India (SEBI) has simplified the compliance and operational requirements for foreign portfolio investors (FPIs), to make the regulatory framework more investor friendly. The SEBI board, which met here on Wednesday, decided to do...

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SBI aims to eliminate debit cards to boost digital payment solutions

-PTI SBI Chairman said there are around 90 crore debit cards in the country as against 3 crore credit cards, and pointed out to digital solutions like its own 'Yono' platform as the key for achieving a debit card-less country. mumbai: If the largest lender SBI has its way, it may herald the beginning of the end of the ubiquitous debt cards from the banking system as the bank plans to promote...

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Lessons by Shamnad Basheer -Nandini Khaitan

-The Indian Express How an affable, erudite professor influenced everyone around him. The first time I met Shamnad Basheer was at a patent conference in mumbai in 2007. He was wearing a light-blue linen suit (always ahead of the curve, be it law or fashion), looking more a GQ model than a professor who had helped organise a first-of-its-kind patent conference in India. There was also an exhibition moot court to...

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Flood situation worsens in west Maharashtra, 1.5 lakh evacuated -Sushant Kulkarni

-The Indian Express Road connectivity in most parts in the region remained disrupted on Wednesday, affecting the movement of essential services. Pune: THE flood situation in Kolhapur, Sangli and Satara districts of western Maharashtra worsened on Wednesday, forcing authorities to evacuate over 1.5 lakh people. Road connectivity in most parts in the region remained disrupted on Wednesday, affecting the movement of essential services. Sixteen people have reportedly lost their lives in Satara,...

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Cancer 4 times more likely to kill kids in poor nations than rich ones

-The Times of India A Lancet study has pointed out that 82% cancer cases among children come from poorer countries. However, there are two bright spots as far as India is concerned. "First, there are centres such as Tata Memorial Hospital in mumbai, AIIMS in Delhi or PGI in Chandigarh where survival rates are almost equal to the western figure," said Banavali. Second, the incidence or rate of cancer among India's...

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