Trend India Policy and Reforms - Latest news, views and updates

TREND | 22 Jun 2025

Sebi bans two from markets for 3 yrs; impounds illegal gains of 4.83 cr

Business Standard

Markets regulator Sebi has barred two individuals from the securities markets for three years and impounded illegal gains of over Rs 4.83 crore made by them for orchestrating a fraudulent scheme using out of the money (OTM) stock options to misappropriate funds from investors. Apart from the securities market ban, the regulator also slapped a penalty of Rs 25 lakh each on Shivprasad Pattiya and Alkesh Narware and directed them them to pay the fine within 45 days, Sebi said in the order passed on Friday. Further, Sebi directed Pattiya and Narware to disgorge unlawful gains worth Rs 4.83 crore with an interest of 12 per cent per annum jointly and severally from February 2022. In the final order, Sebi found that the front entities had opened the trading accounts under the instructions of the operator group (Shivprasad Pattiya and Alkesh Narware) and these trading accounts and bank accounts were under the control of the operator group. Sebi observed that the caller group had identified

Sebi fines IAGF, trustee and managers 29 lakh for AIF rule breaches

Business Standard | 22 Jun 2025 7 more

India Policy and Reforms

TREND | 22 Jun 2025

Bengal may lose 25 cr GST as SBI shifts key unit from Kolkata to Mumbai

Business Standard

Kolkata faces a potential state GST loss of nearly Rs 25 crore this fiscal year as the State Bank of India (SBI) moves to relocate its Global Market Unit (GMU) from Kolkata to Mumbai, a civil society organisation has claimed. This proposed shift has drawn protests from civil society groups like Bank Bachao Desh Bachao Manch (Save Bank, Save Nation Platform), describing SBI's decision as "arbitrary and opaque". "The GMU and associated units contribute significantly to state revenues via GST, nearly Rs 25 crore this fiscal year. Additionally, over 70 contractual staff stand to lose their jobs," Bank Bachao Desh Bachao Manch joint convenors Biswaranjan Ray and Soumya Datta said in a complaint. The State Bank of India recently stated that decisions regarding the opening, shifting, or rationalisation of branches and offices are part of an ongoing business process based on evolving operational and administrative needs. This explanation was provided by the Deputy General Manager...

India Policy and Reforms

TREND | 22 Jun 2025

No TDS on 17 types of payments received by IFSC units: Income Tax Department

Business Line

Exemption to be applicable from July 1

India Policy and Reforms

TREND | 22 Jun 2025

VA Tech Wabag Targets 15-20% Revenue Growth Over Next Five Years

NDTV Profit

The company is prioritising cash flow over revenue and profits, according to its Chairman and Managing Director, Rajeev Mittal.

India Policy and Reforms

TREND | 21 Jun 2025

Think. Over the week

Business Line

The Israel-Iran war was the major topic in our Editorial section. The Editorial discusses the tricky spot this conflict has put India in, as it has friendly ties with both countries. In another Editorial, the recent SEBI board meeting's decisions were analysed and also the market regulator's attempts to move way from micro-management were commended. The Goa and Karnataka governments' respective bans of app-based taxis, autos and bikes and its futility was discussed in another Editorial.

India Policy and Reforms

TREND | 21 Jun 2025

Finance Ministry Report Pushes For Upgraded Port Infrastructure For Export Cargo

NDTV Profit

Finance Ministry's study spans 15 major customs formations, grouped under four categories Seaports, Inland Container Depots, Integrated Check Posts, and Air Cargo Complexes.

India Policy and Reforms

TREND | 20 Jun 2025

GST evasion detection hits all-time high of 2.23 trillion in FY25

Business Standard

FM Nirmala Sitharaman urges faster probe closures and easier registrations

CBDT acts against non-filers with foreign income, assets worth 29,000 cr

Business Standard | 20 Jun 2025 3 more

India Policy and Reforms

TREND | 20 Jun 2025

NTRS 2025 shows faster cargo clearance at ports, delays at ICDs persist

Business Standard

Finance Minister Nirmala Sitharaman releases CBIC's NTRS report showing average cargo release times improved at ports and airports, though delays rose at inland depots

India Policy and Reforms

TREND | 20 Jun 2025

Sebi proposes rules to govern AI, ML tools used by market participants

Business Standard

Sebi's draft guidelines aim to ensure safe, fair, and transparent use of AI and ML by exchanges, brokers, and mutual funds, with provisions for oversight, testing and privacy

Sebi proposes 5-point AI rulebook for securities market. Check details

Economic Times | 20 Jun 2025 1 more

India Policy and Reforms

TREND | 19 Jun 2025

Different strokes

Business Line

SEBI is moving away from micro-management

SEBI relaxation for investment bankers seen posing risks to market integrity

Business Line | 19 Jun 2025 1 more