-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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A politically inconvenient data nugget -Puja Mehra
-The Hindu Data on demonetisation’s contribution to the deepening economic slowdown may have been suppressed Was a task force report that recommended a new law to replace the more than 50-year-old Income Tax Act, 1961 suppressed because it inadvertently provided factual evidence for the debilitating impact of demonetisation on the formal corporate sector? On September 1-2, 2017, at the Rajaswa Gyan Sangam (an annual conference of senior tax administrators), Prime Minister Narendra Modi...
More »Content management: On Aadhaar-social media linkage
-The Hindu Courts must let government work out a balanced regulatory regime for online content The submissions in the Supreme Court on behalf of the Tamil Nadu government in support of linking social media profiles of registered users with their Aadhaar numbers are not well-founded in the law as it now stands. It is noteworthy that a Division Bench of the Madras High Court, which is hearing two writ petitions on this...
More »Southern Railway hit by severe cash crunch -S Vijay Kumar
-The Hindu General Manager sends SOS to Ministry, warns that onboard housekeeping services will have to be terminated Chennai: Amid an unprecedented cash crunch, the Southern Railway has sent an SOS to the Ministry of Railways that if adequate funds are not allotted by August-end, it would have no option but to terminate onboard housekeeping services (OBHS), pest control and supply of linen contracts on all 110 long-distance trains. While officials prepare to...
More »Private sector salaries logged slowest growth in a decade -Vineet Sachdev
-Hindustan Times It is also the first time in seven years that the share of salaries in sales revenue has come down. Hit by decelerating sales growth, Indian companies are tightening spending on their wage bills. Private sector salaries recorded their worst growth in 10 years in fiscal year 2018-19. It was also the first time in seven years that the share of salaries in sales revenue came down. These results are...
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