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India Policy and Reforms

TREND | 16 Mar 2025

SEBI finalising SoP for settlement cases to ensure uniformity and transparency, says whole-time member Varshney

Business Line

New framework to streamline settlements, minimise subjectivity, and enhance regulatory predictability

SEBI plans higher penalties for algo, high-frequency traders

Business Line | 16 Mar 2025

India Policy and Reforms

TREND | 16 Mar 2025

Uttarakhand Finance Minister Premchand Aggarwal resigns from Cabinet

Business Standard

Uttarakhand minister Premchand Aggarwal resigned from the Cabinet on Sunday, weeks after his remark in the assembly on people from the state's hill regions had sparked protests. Aggarwal, who held key portfolios, including finance and parliamentary affairs, submitted his resignation to Chief Minister Pushkar Singh Dhami at his official residence, according to an official statement. During the budget session in February, Aggarwal reacted angrily to a comment directed towards him by Congress MLA Madan Bisht and said he had not fought for Uttarakhand's statehood to see a day when a dichotomy would be made between 'pahadi' and 'desi'. Aggarwal had also uttered an objectionable word during his argument with the opposition MLAs. His remark sparked anger among the people, especially those from the state's hill areas. The minister had expressed regret over his remark and the BJP's state leadership also summoned and instructed him to exercise restraint.

India Policy and Reforms

TREND | 16 Mar 2025

Sebi to finalise SOP for settlement regulations amid rise in such cases

Business Standard

Markets watchdog Sebi is in discussions to finalise the standard operating procedure for applying settlement regulations for cases amid rising number of settlement matters. Besides, the Securities and Exchange Board of India (Sebi) is looking at having uniformity in applying the settlement formula for settling cases. Sebi Whole Time Member Kamlesh Chandra Varshney on Sunday said the regulator is working on the SOP for applying the settlement regulations. "It is work in progress... it is in final discussions," he told PTI. Under Sebi norms, subject to various conditions, a matter can be settled without admitting or denying the facts and conclusions of law. On the sidelines of a conference in the national capital, Varshney also said Sebi is looking at how to have consistency in applying the settlement formula. "Formula also has certain value to be given. Now different people should give same value for same situation in different cases... basically uniformity across cases... we will

India Policy and Reforms

TREND | 16 Mar 2025

How To Build Rs 1 Crore Corpus In Five Years? Here's Your Investment Roadmap

NDTV Profit

With the recent stock market turmoil, investors are exploring safe-haven instruments like Fixed Deposits, gold and debt instruments, among others.

India Policy and Reforms

TREND | 15 Mar 2025

GST-ITC fraud cases surged 41%, amount detected jumped 28% in Apr-Jan over full FY24

Business Line

Data sourced from GST Intelligence Wing for written response in the Lok Sabha showed that over 13000 ITC fraud cases cam into light during April-January period of current fiscal

India Policy and Reforms

TREND | 15 Mar 2025

'GSTitis' hits donuts: Jairam Ramesh slams GST amid misclassification row

Business Standard

Jairam Ramesh labels the ongoing GST issue as 'GSTitis,' as Mad Over Donuts faces a Rs 100 crore tax notice for wrongly classifying donuts under GST laws

India Policy and Reforms

TREND | 15 Mar 2025

Madhabi Puri Buch's Sebi tenure: A legacy of reform, controversy, and resistance

livemint

A bold regulator, a divided legacyhow Madhabi Puri Buch reshaped Sebi amid pushback and controversy.

India Policy and Reforms

TREND | 14 Mar 2025

Prop traders stare at downsizing if SEBI's new F&O limits hit home

Business Line

According to the proposals, the revised intraday limits for index options will be 1,000 crore on a net basis and 2,500 crore on a gross basis

India Policy and Reforms

TREND | 14 Mar 2025

SEBI may tweak appraisal process, delink KRAs from performance reviews

Business Line

Under the new Chairman Tuhin Kanta Pandey drives internal reassessment to address staff concerns

India Policy and Reforms

TREND | 14 Mar 2025

Culture focus: TN Govt plans a series of deep-sea archaeological excavations along the coast

Business Line

A sum of 7 crore will be earmarked for archaeological excavations and scientific research in the upcoming financial year, said Tamil Nadu's Finance Minister Thangam Thennarasu.

'Secessionist sentiments': FM Sitharaman slams DMK over symbol change

Business Standard | 13 Mar 2025