PGC NEWSLETTER 28th March 2014
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The PGC newsletter provides updates on economics, corporate law, RBI/tax law, and markets. In economics news, MCX plans to change norms to allow transfer of shares of shareholders declared unfit to an escrow account. The FMC has permitted closure of applications on the scam-hit National Spot Exchange. In corporate law, bondholders of Geodesic filed a complaint alleging Rs. 1,200 crore cash mismanagement, and the Ministry of Corporate Affairs notified rules under the Companies Act 2013. Indian Hotels plans to raise up to Rs. 1,000 crore from shareholders through rights issue. In RBI/tax law, RBI gave banks another year to implement Basel III regulations, now by March 2019
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PGC NEWSLETTER 26th March 2014
The newsletter provides updates on economics, corporate law, RBI/tax law, and markets. On economics, private equity investors may get more flexibility in pricing exits and Sahara has promised to pay Rs. 20,000 crore to SEBI by March 2015. The ICAI raised concerns about the new Companies Act provisions on auditor rotation, number of audits, and fraud reporting. The MCA clarified a section on director liability. Two tax cases determined that Infosys is not comparable to small captive service providers and rental income from a godown on agricultural land was not agricultural income. Market indices and commodity prices are also included.
The way forward for bfsi in the era of disruption
Changing market scenario for BFSI segment in India, how it's disrupting the segment, and what can companies do to differentiate themselves.
Pgc newsletter 13 th august, 2014
The newsletter provides updates on various topics from the world of business and finance from August 13th, 2014. It includes information on filing extensions for annual reports, a new CBI investigation into a land deal between Tata Realty and Unitech, the launch of a Hindi version of SBI's mobile app, and Wipro's renewed focus on disruptive technologies helping it grow in the insurance sector. Market updates on stock prices and currency exchange rates are also presented.
SNIPPETS 051116
RBI will conduct a pilot project where 10% of ATMs will dispense only Rs. 100 notes. Banks must report frauds over Rs. 1 crore to CVC, who will determine if a CBI probe is needed. Axis Bank launched a mobile app feature to electronically submit tax forms 15G and 15H without visiting branches. A report by EY says rural India's large untapped population can be covered by financial services through mobile. Only 57 borrowers owe banks a whopping Rs. 85,000 crores, and the Supreme Court asked why their names should not be made public. If a customer loses money due to a data breach, the bank must credit the amount back to their account within
Payments bank an e commerce enabler
Paytm Payments Bank has invested Rs220 crore to date ahead of its planned 2017 launch. The launch was delayed due to pending regulatory approvals, but is now in its final stages. Paytm aims to have 200 million accounts within the first year and 500 million by 2020. It recently launched a feature allowing merchants' smartphones to accept debit and credit card payments. Payments banks like Airtel are offering higher interest rates than traditional banks to attract customers.
Weekend news 3
The summary is:
- Foreign tourist arrivals in India declined in August ahead of the Commonwealth Games compared to July, dampening hotel bookings and rates in host cities.
- The Bombay High Court dismissed Vodafone's appeal against a Rs. 12,000 crore tax demand on its $11 billion acquisition of Hutchison Telecom in India.
- Axis Bank launched an instant money transfer service for migrant workers and students that does not require the beneficiary to have a bank account.
Newsletter dated 24th March,2015
The document provides a daily summary of economic, corporate, and market updates from India. It warns against outsourcing core credit processing activities as it could lead to bad loans. It also reports that PSU banks have reported over 2,100 fraud cases involving Rs. 11,022 crore this fiscal year. Additionally, it provides closing figures for key indices like Sensex, Nifty and exchange rates for the dollar and rupee.
Weekend news 5
- Global private equity firm 3i Group will invest $150 million in the road business of Hyderabad-based construction company Soma Enterprises.
- Chinese telecom equipment supplier ZTE has secured a $200 million contract from Reliance Communications to supply 3G and 2G gear in eight circles.
- Finance Ministry has told banks to ensure that microfinance institutions they finance do not charge borrowers interest rates above 24% for loans.
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PGC NEWSLETTER 26th March 2014
The newsletter provides updates on economics, corporate law, RBI/tax law, and markets. On economics, private equity investors may get more flexibility in pricing exits and Sahara has promised to pay Rs. 20,000 crore to SEBI by March 2015. The ICAI raised concerns about the new Companies Act provisions on auditor rotation, number of audits, and fraud reporting. The MCA clarified a section on director liability. Two tax cases determined that Infosys is not comparable to small captive service providers and rental income from a godown on agricultural land was not agricultural income. Market indices and commodity prices are also included.
The way forward for bfsi in the era of disruption
Changing market scenario for BFSI segment in India, how it's disrupting the segment, and what can companies do to differentiate themselves.
Pgc newsletter 13 th august, 2014
The newsletter provides updates on various topics from the world of business and finance from August 13th, 2014. It includes information on filing extensions for annual reports, a new CBI investigation into a land deal between Tata Realty and Unitech, the launch of a Hindi version of SBI's mobile app, and Wipro's renewed focus on disruptive technologies helping it grow in the insurance sector. Market updates on stock prices and currency exchange rates are also presented.
SNIPPETS 051116
RBI will conduct a pilot project where 10% of ATMs will dispense only Rs. 100 notes. Banks must report frauds over Rs. 1 crore to CVC, who will determine if a CBI probe is needed. Axis Bank launched a mobile app feature to electronically submit tax forms 15G and 15H without visiting branches. A report by EY says rural India's large untapped population can be covered by financial services through mobile. Only 57 borrowers owe banks a whopping Rs. 85,000 crores, and the Supreme Court asked why their names should not be made public. If a customer loses money due to a data breach, the bank must credit the amount back to their account within
Payments bank an e commerce enabler
Paytm Payments Bank has invested Rs220 crore to date ahead of its planned 2017 launch. The launch was delayed due to pending regulatory approvals, but is now in its final stages. Paytm aims to have 200 million accounts within the first year and 500 million by 2020. It recently launched a feature allowing merchants' smartphones to accept debit and credit card payments. Payments banks like Airtel are offering higher interest rates than traditional banks to attract customers.
Weekend news 3
The summary is:
- Foreign tourist arrivals in India declined in August ahead of the Commonwealth Games compared to July, dampening hotel bookings and rates in host cities.
- The Bombay High Court dismissed Vodafone's appeal against a Rs. 12,000 crore tax demand on its $11 billion acquisition of Hutchison Telecom in India.
- Axis Bank launched an instant money transfer service for migrant workers and students that does not require the beneficiary to have a bank account.
Newsletter dated 24th March,2015
The document provides a daily summary of economic, corporate, and market updates from India. It warns against outsourcing core credit processing activities as it could lead to bad loans. It also reports that PSU banks have reported over 2,100 fraud cases involving Rs. 11,022 crore this fiscal year. Additionally, it provides closing figures for key indices like Sensex, Nifty and exchange rates for the dollar and rupee.
Weekend news 5
- Global private equity firm 3i Group will invest $150 million in the road business of Hyderabad-based construction company Soma Enterprises.
- Chinese telecom equipment supplier ZTE has secured a $200 million contract from Reliance Communications to supply 3G and 2G gear in eight circles.
- Finance Ministry has told banks to ensure that microfinance institutions they finance do not charge borrowers interest rates above 24% for loans.
Role of New Payment banks and Small banks - Part - 6
RBI as a part of its push for financial inclusion, recently granted ‘in-principle’ licenses for 11 payment banks and 10 small finance banks. Apart from this, the two new universal banks- Bandhan Bank Ltd and IDFC Bank Ltd which were awarded banking licenses by the RBI recently have already begun commercial operations.
Prospects of Payment Banks in India
Payment banks in India were introduced to increase financial inclusion and provide basic banking services to underserved populations. The Reserve Bank of India issued guidelines in 2014 allowing for licensing of payment banks. Payment banks can accept deposits up to Rs. 100,000 but cannot issue loans or credit cards. They must invest customer funds in low-risk government securities and provide remittance, debit card, and digital payment services. Eleven entities received licenses in 2015 to operate as payment banks with the goal of serving small businesses, migrants, and low-income households across India through innovative technology and business correspondent models.
India post payment bank
India Post Payment Bank will revolutionize banking in India according to RBI Governor Raghuram Rajan. The application process for payment bank licenses involves submitting applications to RBI by January 16, 2015 which will then be evaluated by an external advisory committee who will make recommendations to RBI. Payment banks will work by opening accounts based on mobile numbers and allowing transactions and remittances via mobile apps, IVR, USSD or at authorized payment bank agents. Current challenges for payment banks include India's preference for cash, providing low-cost domestic remittances, and partnerships for credit issuance.
Payment banks
The Reserve Bank of India has proposed payment banks and small banks to promote financial inclusion. Payment banks will offer basic banking services like deposits and remittances, targeting migrant workers, low-income households and small businesses. They have restrictions on lending and deposit balances. Small banks also aim to increase access to financial services in unbanked rural areas. In 2014, RBI granted in-principle approval to 11 applicants to set up payment banks, including telecom and retail companies.
Payment banks in India
Payment banks have the potential to revolutionize retail banking in India by increasing competition and expanding access to financial services. Licensed payment banks, including those run by telecom companies and India Post, can perform many regular banking functions but are restricted from lending. This model is expected to drive down costs, transform welfare programs through partnerships with Aadhaar and mobile technology, increase cashless transactions, reduce black money, and provide the government with cheaper borrowing. Payment banks may also attract customers through higher deposit interest rates, discounts, and free services in the initial phase as competition in the banking sector intensifies.
Et presentation
1) Maggi instant noodles is losing market share to newer competitors like Horlicks Foodles and Knorr Soupy Noodles, with its share dropping from 90.7% to 86.5% between December 2009 and July 2010.
2) Six new mobile phone operators, including Videocon, Sistema, S Tel, Uninor, Loop and Etisalat DB, are facing penalties for missing service rollout deadlines after receiving licenses in January 2008.
3) Retailers and some banks are pushing for lower debit card processing fees of 0.2% to increase debit card usage, which currently averages just one transaction per card per year compared to 11 transactions annually for credit cards.
Membership of society, gst co operative, committee of cooperative, managing h...
The Reserve Bank of India announced that cooperative banks in India can now deploy their own and third party point-of-sale (POS) terminals to expand digital transactions. However, cooperative banks must meet certain requirements to deploy third party POS terminals, such as having a minimum capital of Rs. 25 lakh and capital adequacy ratio of 9% in the previous fiscal year. The board must also have at least two skilled directors. Cooperative banks aim to mutually benefit their members and operate across many sectors of the Indian economy such as agriculture, food distribution, and credit unions.
airtel payments bank presentation
brief presentation on airtel payments bank in india
new small finance banks and payments banks
new licenced banks
White paper payment banks - changing landscape of retail banking
The RBI has recently decided to grant in-principle approval to 11 applicants for setting up ‘Payment Banks.’ This move is to enhance financial inclusion by providing access to small saving accounts and payments, migrant labour work force, small businesses in unorganized sectors, etc. The payment banks are expected to use high technology platform to provide services at low cost, thereby redefining the retail banking landscape.
We are pleased to attach our White Paper: ‘Payment Banks – Changing Landscape of Retail Banking’ and trust you will find the same useful.
weekly news
The document discusses several topics:
1) There is a strong case for merging five of SBI's associates with itself, following previous mergers of two other banks. Formal government permission is required for the remaining mergers.
2) Essel Group's Itz Cash Card received RBI clearance to offer mobile wallet facilities to cell phone subscribers, which could increase its SMS transactions by 100%. This gives the unbanked population an easy payment option.
3) Jet Airways reported domestic operation growth of 14.9% and international growth of 21.8% in August. It has a 27% market share of the domestic airline segment.
Payments Banks Relying On Scale To Attract Customers
The bank will start operations with over 1.5 lakh touch points, an in-inbuilt United Payment Interface (UPI) solution and will look at distributing loans of other financial institutions
“It is clearly a scale game unlike traditional banking. In traditional banking you can put up one branch and still do well. Here, it is scale since technology platform is the same which has to accommodate many transactions. So more the transactions you accommodate, more benefit you can give to the customers,” said Sudhakar Ramasubramanian, chief executive officer (designate), Aditya Birla Idea Payments Bank.
Small & Payment Banks: Future of Local Banking
The Reserve Bank of India has proposed major reforms in banking sector with issue of guidelines for setting up “Small and Payment Banks” which will cater to marginalized sections of the Society, including migrant laborers, for collecting deposits and remitting funds.
These banks will provide a whole suite of basic banking products such as deposits and supply of credit, but in a limited area of operation. The payments banks will offer a limited range of products such as acceptance of demand deposits and remittances of funds. They will have a widespread network of access points particularly in remote areas, either through their own branch network or through Business Correspondents (BCs)/agents or through networks provided by others.
Nrega payment cs cs-ajoy kumar singh
The document discusses financial inclusion initiatives in Jharkhand related to MGNREGA wage payments. It summarizes that 259 blocks were allocated to 9 banks to open Aadhaar-enabled bank accounts for MGNREGA beneficiaries and provide banking services through Common Service Centers (CSCs) at the panchayat level. Over 8 lakh bank accounts have been opened so far. It also outlines opportunities like increased access to banking and other services, as well as challenges related to connectivity, power availability, and transitioning to Aadhaar-enabled payments.
PGC Newsletter dated 19th January,2015
The newsletter provides economic, corporate, regulatory, and market updates. It mentions that the civil aviation ministry has approved leave travel concessions to boost tourism in South Asia. It also notes that several major banks will review lending and deposit rates this week. Additionally, the government may reduce the lock-in period for the Rajiv Gandhi Equity Savings Scheme to one year to attract more investors. The newsletter briefly outlines other corporate, SEBI, RBI, tax law, and market news.
Trends in banking part iv
This ppt you could find RBI's move for setting-up payment banks-India Post which received a license will be a big competitor for other banks,SBI-RIL tie-up for payment bank,RBI's next move on small-finance banks,,creation of around 25,000jobs in Indian economy due to new banks
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The RBI will audit the cyber security of banks by having outside experts try to exploit vulnerabilities in banks' IT systems to prevent future breaches. Banks were also directed to strictly adhere to cyber security guidelines after a data breach compromised 3.2 million debit cards. Nearly 200 small NBFCs face closure due to not meeting RBI's minimum investment grade credit rating requirement for accepting deposits. The BSE introduced a paperless SIP facility for mutual fund investors to reduce registration time and allow different payment methods like net banking. Banks may acquire defaulting companies' assets in sectors like steel, power and shipping by converting debt to equity and taking management control. Banks are reducing credit card exposure due to concerns over slowing pay increases and job uncertainties.
Newsletter dated 13th May, 2015
The newsletter provides economic, corporate, and market updates. HSBC downgraded Indian stocks due to slowing earnings growth and potential negative impacts from unusual weather. The finance minister said the SIT on black money had recommended capturing foreign travel details for risk profiling and tax evasion detection. IRDA issued guidelines for conducting reinsurance and coinsurance transactions electronically. Aditya Birla Retail acquired Jubilant Industries' hypermarket business. The RBI argued that states could tax e-commerce retailers to shore up revenue. Market indices such as Sensex and Nifty were up while the rupee weakened against the dollar.
PROJECT REPORT NPCI by Ravi Kiran
The document discusses the National Payments Corporation of India (NPCI), an umbrella organization established to operate retail payment systems in India. It was incorporated in 2008 with the objectives of consolidating existing payment systems and facilitating affordable payment mechanisms. NPCI operates various national payment systems, including the National Financial Switch for ATM transactions, RuPay for domestic debit and credit cards, Immediate Payment Service (IMPS) for mobile fund transfers, the Cheque Truncation System (CTS) and National Automated Clearing House (NACH) for bulk transactions. The organization aims to provide standardized and interoperable payments infrastructure across the country.
Npci
National Payments Corporation of India (NPCI) is a not-for-profit organization established in 2008 to consolidate and integrate various retail payment systems in India and enable interoperable digital financial transactions. It aims to provide standardized and uniform payment systems. NPCI owns and operates core retail payment systems used by banks such as Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), RuPay, National Financial Switch (NFS) and Bharat Bill Payment System. NPCI is promoted by the Reserve Bank of India and owned by major Indian banks. It works to develop infrastructure and facilitate innovation in payments and settlement systems to drive greater financial inclusion in
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Guy Leech, an Australian athlete and fitness expert, witnessed his friend suffer sudden cardiac arrest during a kayaking session. Despite performing CPR for 10 minutes, his friend passed away after a week in the hospital. This experience led Guy to promote the importance of public access to automated external defibrillators (AEDs), believing they could potentially save lives if located more accessibly, like in vehicles or nearby beaches. He has since partnered with Physio-Control to help bring more AEDs to Australian businesses and communities.
Presentación yulieth!!!
This document discusses puberty and the changes that occur during adolescence. It defines key terms like hormone and pituitary gland. For boys, it explains that puberty involves voice changes, growth of body hair, and development of reproductive organs and ability to reproduce. For girls, it outlines breast development, menstrual cycle onset, and development of reproductive organs and ability to reproduce. It also asks questions about voice changing, when puberty ends, and why people age.
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Role of New Payment banks and Small banks - Part - 6
RBI as a part of its push for financial inclusion, recently granted ‘in-principle’ licenses for 11 payment banks and 10 small finance banks. Apart from this, the two new universal banks- Bandhan Bank Ltd and IDFC Bank Ltd which were awarded banking licenses by the RBI recently have already begun commercial operations.
Prospects of Payment Banks in India
Payment banks in India were introduced to increase financial inclusion and provide basic banking services to underserved populations. The Reserve Bank of India issued guidelines in 2014 allowing for licensing of payment banks. Payment banks can accept deposits up to Rs. 100,000 but cannot issue loans or credit cards. They must invest customer funds in low-risk government securities and provide remittance, debit card, and digital payment services. Eleven entities received licenses in 2015 to operate as payment banks with the goal of serving small businesses, migrants, and low-income households across India through innovative technology and business correspondent models.
India post payment bank
India Post Payment Bank will revolutionize banking in India according to RBI Governor Raghuram Rajan. The application process for payment bank licenses involves submitting applications to RBI by January 16, 2015 which will then be evaluated by an external advisory committee who will make recommendations to RBI. Payment banks will work by opening accounts based on mobile numbers and allowing transactions and remittances via mobile apps, IVR, USSD or at authorized payment bank agents. Current challenges for payment banks include India's preference for cash, providing low-cost domestic remittances, and partnerships for credit issuance.
Payment banks
The Reserve Bank of India has proposed payment banks and small banks to promote financial inclusion. Payment banks will offer basic banking services like deposits and remittances, targeting migrant workers, low-income households and small businesses. They have restrictions on lending and deposit balances. Small banks also aim to increase access to financial services in unbanked rural areas. In 2014, RBI granted in-principle approval to 11 applicants to set up payment banks, including telecom and retail companies.
Payment banks in India
Payment banks have the potential to revolutionize retail banking in India by increasing competition and expanding access to financial services. Licensed payment banks, including those run by telecom companies and India Post, can perform many regular banking functions but are restricted from lending. This model is expected to drive down costs, transform welfare programs through partnerships with Aadhaar and mobile technology, increase cashless transactions, reduce black money, and provide the government with cheaper borrowing. Payment banks may also attract customers through higher deposit interest rates, discounts, and free services in the initial phase as competition in the banking sector intensifies.
Et presentation
1) Maggi instant noodles is losing market share to newer competitors like Horlicks Foodles and Knorr Soupy Noodles, with its share dropping from 90.7% to 86.5% between December 2009 and July 2010.
2) Six new mobile phone operators, including Videocon, Sistema, S Tel, Uninor, Loop and Etisalat DB, are facing penalties for missing service rollout deadlines after receiving licenses in January 2008.
3) Retailers and some banks are pushing for lower debit card processing fees of 0.2% to increase debit card usage, which currently averages just one transaction per card per year compared to 11 transactions annually for credit cards.
Membership of society, gst co operative, committee of cooperative, managing h...
The Reserve Bank of India announced that cooperative banks in India can now deploy their own and third party point-of-sale (POS) terminals to expand digital transactions. However, cooperative banks must meet certain requirements to deploy third party POS terminals, such as having a minimum capital of Rs. 25 lakh and capital adequacy ratio of 9% in the previous fiscal year. The board must also have at least two skilled directors. Cooperative banks aim to mutually benefit their members and operate across many sectors of the Indian economy such as agriculture, food distribution, and credit unions.
airtel payments bank presentation
brief presentation on airtel payments bank in india
new small finance banks and payments banks
new licenced banks
White paper payment banks - changing landscape of retail banking
The RBI has recently decided to grant in-principle approval to 11 applicants for setting up ‘Payment Banks.’ This move is to enhance financial inclusion by providing access to small saving accounts and payments, migrant labour work force, small businesses in unorganized sectors, etc. The payment banks are expected to use high technology platform to provide services at low cost, thereby redefining the retail banking landscape.
We are pleased to attach our White Paper: ‘Payment Banks – Changing Landscape of Retail Banking’ and trust you will find the same useful.
weekly news
The document discusses several topics:
1) There is a strong case for merging five of SBI's associates with itself, following previous mergers of two other banks. Formal government permission is required for the remaining mergers.
2) Essel Group's Itz Cash Card received RBI clearance to offer mobile wallet facilities to cell phone subscribers, which could increase its SMS transactions by 100%. This gives the unbanked population an easy payment option.
3) Jet Airways reported domestic operation growth of 14.9% and international growth of 21.8% in August. It has a 27% market share of the domestic airline segment.
Payments Banks Relying On Scale To Attract Customers
The bank will start operations with over 1.5 lakh touch points, an in-inbuilt United Payment Interface (UPI) solution and will look at distributing loans of other financial institutions
“It is clearly a scale game unlike traditional banking. In traditional banking you can put up one branch and still do well. Here, it is scale since technology platform is the same which has to accommodate many transactions. So more the transactions you accommodate, more benefit you can give to the customers,” said Sudhakar Ramasubramanian, chief executive officer (designate), Aditya Birla Idea Payments Bank.
Small & Payment Banks: Future of Local Banking
The Reserve Bank of India has proposed major reforms in banking sector with issue of guidelines for setting up “Small and Payment Banks” which will cater to marginalized sections of the Society, including migrant laborers, for collecting deposits and remitting funds.
These banks will provide a whole suite of basic banking products such as deposits and supply of credit, but in a limited area of operation. The payments banks will offer a limited range of products such as acceptance of demand deposits and remittances of funds. They will have a widespread network of access points particularly in remote areas, either through their own branch network or through Business Correspondents (BCs)/agents or through networks provided by others.
Nrega payment cs cs-ajoy kumar singh
The document discusses financial inclusion initiatives in Jharkhand related to MGNREGA wage payments. It summarizes that 259 blocks were allocated to 9 banks to open Aadhaar-enabled bank accounts for MGNREGA beneficiaries and provide banking services through Common Service Centers (CSCs) at the panchayat level. Over 8 lakh bank accounts have been opened so far. It also outlines opportunities like increased access to banking and other services, as well as challenges related to connectivity, power availability, and transitioning to Aadhaar-enabled payments.
PGC Newsletter dated 19th January,2015
The newsletter provides economic, corporate, regulatory, and market updates. It mentions that the civil aviation ministry has approved leave travel concessions to boost tourism in South Asia. It also notes that several major banks will review lending and deposit rates this week. Additionally, the government may reduce the lock-in period for the Rajiv Gandhi Equity Savings Scheme to one year to attract more investors. The newsletter briefly outlines other corporate, SEBI, RBI, tax law, and market news.
Trends in banking part iv
This ppt you could find RBI's move for setting-up payment banks-India Post which received a license will be a big competitor for other banks,SBI-RIL tie-up for payment bank,RBI's next move on small-finance banks,,creation of around 25,000jobs in Indian economy due to new banks
SNIPPETS 291016
The RBI will audit the cyber security of banks by having outside experts try to exploit vulnerabilities in banks' IT systems to prevent future breaches. Banks were also directed to strictly adhere to cyber security guidelines after a data breach compromised 3.2 million debit cards. Nearly 200 small NBFCs face closure due to not meeting RBI's minimum investment grade credit rating requirement for accepting deposits. The BSE introduced a paperless SIP facility for mutual fund investors to reduce registration time and allow different payment methods like net banking. Banks may acquire defaulting companies' assets in sectors like steel, power and shipping by converting debt to equity and taking management control. Banks are reducing credit card exposure due to concerns over slowing pay increases and job uncertainties.
Newsletter dated 13th May, 2015
The newsletter provides economic, corporate, and market updates. HSBC downgraded Indian stocks due to slowing earnings growth and potential negative impacts from unusual weather. The finance minister said the SIT on black money had recommended capturing foreign travel details for risk profiling and tax evasion detection. IRDA issued guidelines for conducting reinsurance and coinsurance transactions electronically. Aditya Birla Retail acquired Jubilant Industries' hypermarket business. The RBI argued that states could tax e-commerce retailers to shore up revenue. Market indices such as Sensex and Nifty were up while the rupee weakened against the dollar.
PROJECT REPORT NPCI by Ravi Kiran
The document discusses the National Payments Corporation of India (NPCI), an umbrella organization established to operate retail payment systems in India. It was incorporated in 2008 with the objectives of consolidating existing payment systems and facilitating affordable payment mechanisms. NPCI operates various national payment systems, including the National Financial Switch for ATM transactions, RuPay for domestic debit and credit cards, Immediate Payment Service (IMPS) for mobile fund transfers, the Cheque Truncation System (CTS) and National Automated Clearing House (NACH) for bulk transactions. The organization aims to provide standardized and interoperable payments infrastructure across the country.
Npci
National Payments Corporation of India (NPCI) is a not-for-profit organization established in 2008 to consolidate and integrate various retail payment systems in India and enable interoperable digital financial transactions. It aims to provide standardized and uniform payment systems. NPCI owns and operates core retail payment systems used by banks such as Immediate Payment Service (IMPS), Unified Payments Interface (UPI), Bharat Interface for Money (BHIM), RuPay, National Financial Switch (NFS) and Bharat Bill Payment System. NPCI is promoted by the Reserve Bank of India and owned by major Indian banks. It works to develop infrastructure and facilitate innovation in payments and settlement systems to drive greater financial inclusion in
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Role of New Payment banks and Small banks - Part - 6
Role of New Payment banks and Small banks - Part - 6
Membership of society, gst co operative, committee of cooperative, managing h...
Membership of society, gst co operative, committee of cooperative, managing h...
White paper payment banks - changing landscape of retail banking
White paper payment banks - changing landscape of retail banking
Payments Banks Relying On Scale To Attract Customers
Payments Banks Relying On Scale To Attract Customers
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Presentación yulieth!!!
This document discusses puberty and the changes that occur during adolescence. It defines key terms like hormone and pituitary gland. For boys, it explains that puberty involves voice changes, growth of body hair, and development of reproductive organs and ability to reproduce. For girls, it outlines breast development, menstrual cycle onset, and development of reproductive organs and ability to reproduce. It also asks questions about voice changing, when puberty ends, and why people age.
furniture web page version
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against developing mental illness and improve symptoms for those who already suffer from conditions like anxiety and depression.
Cuotas mejoradas agosto 2016
Betfair ofreció las mejores cuotas mejoradas durante agosto, lanzando más del triple de ofertas que sus competidores. Aunque hubo Juegos Olímpicos, el fútbol siguió siendo el deporte con más ofertas, centrándose Betfair en las Supercopas. Betfair amplió su ventaja sobre otros operadores al ofrecer 25 ofertas, mientras que 888sport hizo 7 y Wanabet 5.
Daily Report Commodities
Gold prices held steady in Asia on Wednesday as investors looked ahead to Greece and renewed signals that a Federal Reserve rate hike is possible this year.
On the Comex division of the New York Mercantile Exchange, gold for August delivery was mostly flat at $1,187.70 a troy ounce, down 0.02%.
Elsewhere, silver for July delivery gained 0.06% to $16.728 a troy ounce.
Copper for July delivery was flat at $2.777 a pound.
Overnight, gold futures fell sharply on Tuesday following the Memorial Day holiday weekend, as a wave of optimistic U.S. economic data pushed the dollar to its highest level in four weeks.
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This document provides an agenda and overview for a presentation on H.265 and H.264 technologies from Sematron Italia. The agenda includes presentations from Paralinx, TeraDek, Soliton, and Vitec on their latest products, followed by a question and answer session and commercial proposal. Sematron Italia is introduced as a partner for leading companies in defense, telecommunications, satellite communications, aerospace and broadcast with over 30 years of experience. The document also provides overviews of Sematron Italia's divisions for microwave/RF components, satellite communications, and broadcast solutions.
نوافل المقربين
يتناول هذا الكتاب حقيقة عبادة المقربين، وفقه العبادات، ومقامات المقربين ، وفضل قضاء حوائج الناس والإصلاح بين المسلمين، ثم يتطرق إلى جهاد المقربين ، ومنازل عباد الرحمن، وزينة المقربين ، ثم يوضح طريق ولاية الله ، وسر المحبة والولاية، ثم يختم ببيان روضات الجنات في الدنيا -
Synapsin Pharmaceuticals Inc AZ USA Patent US8524741
This document is a US patent that describes compositions containing piperidine alkaloids from fire ant venom that can be used to treat neurological disorders and enhance cognitive and physical performance. Specifically, it describes solenopsins extracted from fire ant venom that have been shown to inhibit phosphatidylinositol-3-kinase signaling and angiogenesis, and may have applications in treating conditions like Alzheimer's disease. The patent lists the inventors and assignee, provides background on related research, and cites numerous other publications related to fire ant venom components and their neurological effects. It concludes by stating the invention provides piperidine alkaloids and their uses in neurological disorders and physical enhancement.
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Presentazione Broadcast H.265 & H.264 Sematron Italia - Maggio 2016
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Synapsin Pharmaceuticals Inc AZ USA Patent US8524741
Synapsin Pharmaceuticals Inc AZ USA Patent US8524741
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Pgc newsletter 25 th aug, 2014
- The document is a newsletter from Proglobal Corp dated August 25th, 2014. It provides updates on various topics including companies, SEBI, RBI, tax laws, and markets. Some key updates are that Air India terminated over 200 cabin crew and pilots for unauthorized absence, the CBI will close a coal scam case against Kumar Birla, and Reliance Industries could save Rs. 2,000 crore annually by sourcing ethane from the US. It also discusses advance tax rulings now being available to resident taxpayers, over Rs. 90,000 crore of undisclosed income being detected in sectors like power and real estate, and 36% of bad assets coming from sectors like infrastructure and metals. Market indexes and
Keynote capitals industry monitor
The document provides an industry monitor covering banks, cement, infrastructure, IT, and media & entertainment sectors in India. It summarizes that the RBI will issue new banking licenses but with stringent criteria, while 25 cement companies face an anti-competition probe by CCI. Infrastructure is facing challenges from high interest rates and a slowing economy. IT stocks surged on positive outlook from the US Federal Reserve chair. The media & entertainment sector saw various developments from key companies.
Banking sector reforms
The document discusses banking sector reforms in India based on recommendations from the Narasimham Committee Report on Banking Sector Reforms from 1998. The key reforms focused on strengthening the banking system through increased capital adequacy requirements, improving asset quality, modernizing systems and methods, restructuring the banking system, and technological upgrades. Major policy changes implemented based on the report included deregulating interest rates, reducing reserve requirements, improving competitive efficiency, introducing prudential norms, increasing transparency, and setting higher capital adequacy norms.
PGC NEWSLETTER 26TH JULY 2014
1. The document provides updates on corporate, banking, tax, and market news. It notes that the Ministry of Corporate Affairs has classified companies that must appoint a CEO for each business unit. It also mentions that Tata Consultancy Services is raising Rs. 4,000 crore through commercial papers and that the Reserve Bank of India has fined several banks including ICICI Bank and Axis Bank a total of Rs. 1.5 crore.
2. Market indices such as the SENSEX, NIFTY, and Dow Jones are reported to be down on the day. Precious metal and crude oil prices on MCX are also provided.
PGC NEWSLETTER 25th March 2014
The newsletter provides updates on economics, corporate law, banking regulations, taxes, and financial markets. The Government of India advised interest rates for small savings schemes in 2014-15. The CAG flagged how merging Chennai and Tamil Nadu telecom areas deprived the government of Rs. 2,400 crore in revenue and benefited Airtel and Aircel. The CCI approved Lenovo's $2.3 billion acquisition of IBM's low-end server business. Mahindra Logistics sold a 20% stake to Kedaara Capital for Rs. 200 crore ahead of a planned IPO.
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The document provides an overview of the Foreign Exchange Management Act (FEMA) of 1999. It replaced the older Foreign Exchange Regulation Act (FERA) to liberalize foreign exchange controls in line with India's economic reforms. FEMA aims to manage rather than regulate foreign exchange transactions. It gives the central government and RBI powers to impose restrictions and requirements on cross-border financial transactions, foreign security dealings, and property owned abroad by Indian residents to facilitate orderly forex market functioning and maintain adequate reserves.
TRPC Digital Bytes August 2020
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India under transformation
The general election to Lok Sabha is the most important democratic process in the Indian Constitutional Framework. Current elections have attracted a huge turnout of the voters, clearly indicating to the political leadership that India need change and Indian democracy, economy and expectations of public and society is under transformation.
Newsletter dated 13th April, 2015
The document provides economic, corporate governance, regulatory, and market updates from India. It notes that the Ministry of Statistics will release revised GDP data from 1999-2000 more quickly than previously. State Bank of India announced a further 10 basis point reduction in home loan rates to 9.85% for women applicants and 9.9% for others. The Corporate Laws Committee issued guidance on applying Schedule II of the Companies Act. A large foreign bank complained to SEBI that some brokerages provide kickbacks to high-net-worth individuals for selling financial products. A trial court found two former PwC partners connived with Satyam founders in accounting fraud. The RBI warned of a fraudulent mobile app in its name and clarified it
Indian economy towards growth momentum strategic moves needed
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
Indian economy towards growth momentum strategic moves needed
In a recent international survey Indian economy has been rated as the 3rd largest economy of the world, after USA and China, on the basis of Purchase Power Parity (PPP). IMF has also projected a smart recovery of growth rate of Indian GDP to around 5.5% to 6% in next 2 years.
Global trust bank
Global Trust Bank collapsed in 2004 due to unethical practices of its promoters including connections to a stock scam, misleading financial reports, and excessive risky lending. The Reserve Bank of India was criticized for its slow response despite knowing of problems as early as 2001. GTB was eventually merged with Oriental Bank of Commerce after its net worth turned negative and capital adequacy ratio fell, in an effort by regulators to protect depositors. However, the failure of GTB also highlighted shortcomings in banking regulation and oversight in India at the time.
PGC NEWSLETTER 24th March 2014
The newsletter provides updates on economics, corporate law, RBI regulations, tax law, and financial markets. Two developments are fueling increased demand for forensic audits: several high-profile fraud cases and new regulations holding auditors and directors more accountable. Foreign investors have poured $9.6 billion into Indian stock markets this month on hopes of a stable government after upcoming elections. While rejecting US claims about intellectual property rights, India says it has not breached any international agreements and is willing to discuss the matter at the WTO. The Securities and Exchange Board of India plans new guidelines next fiscal year regarding an impending Indo-US agreement to prevent tax evasion by Americans through Indian entities.
PGC NEWSLETTER 31ST, MARCH, 2014
The PGC newsletter provides updates on economics, corporate law, RBI regulations, taxes, and markets from March 31st, 2014. The economics section notes that the President reissued an ordinance empowering SEBI to address illegal deposit schemes. The Planning Commission will digitize its documents. Corporate law updates include forms being rolled out under the new Companies Act and SEBI's ability to block mergers temporarily. RBI is expected to decide on interest rates, and tax deductions made in the last month of the fiscal year would be allowed if tax returns are filed. Market indices such as Sensex and Nifty are reported along with currency and commodity prices.
Newsletter dated 12th May,2015
The newsletter provides updates on economic, regulatory, and market news. The Lok Sabha passed a bill imposing steep penalties for black money held abroad. The government proposed diluting whistleblower protection laws. SEBI asked listed companies to disclose securities held by insiders and implement codes of conduct to prevent insider trading. IRDAI proposed tighter registration norms for insurance companies requiring details on ownership and approved products. RBI instructed banks to appoint internal ombudsmen to improve customer service. The tax department halted MAT notices to FIIs while examining past cases. Market indices declined with the Sensex down 467 points and Nifty falling 155 points.
Newsletter dated 12th May, 2015
The newsletter provides updates on economic, regulatory, and market news. The Lok Sabha passed a bill imposing steep penalties for black money held abroad. The government proposed diluting whistleblower protection laws. SEBI asked listed companies to disclose securities held by insiders and implement codes of conduct to prevent insider trading. IRDAI proposed tighter registration norms for insurance companies requiring details on ownership and approved products. RBI instructed banks to appoint internal ombudsmen to improve customer service. The tax department halted MAT notices to FIIs while examining past cases. Market indices declined with the Sensex down 467 points and Nifty falling 155 points.
Pgc newsletter 21 st aug, 2014
The document is a newsletter providing updates on business, finance, and markets from August 21, 2014. It includes information on CSR activities from Federal, the dissolution of the McDonald's-Vikram Bakshi joint venture in India, plans for a real estate investment trust from Tata Group and Srei Group, an expanded CBI probe into bank bribery, and agreement to fund airline losses for flights between northeast Indian states. It also provides market indexes and exchange rates from that date.
Pgc newsletter 23 rd aug, 2014
The Securities and Exchange Board of India (SEBI) has barred PACL, a Delhi-based collective investment scheme, from raising money from investors and directed it to refund investors nearly Rs. 50 lakh crore within three months. The Bombay High Court granted bail of Rs. 5 lakh to Jignesh Shah, promoter of MCX, who was arrested in a Rs. 5,000 crore scam. Ericsson's Telcordia seeks government approval to increase its stake in its Indian entity to 100% from 74%. Low-cost airline SpiceJet is under investigation by the income tax department for possible tax deducted at source and Form-16 violations.
COMPANIES ACT, 2013 - CORPORATE GOVERNANCE IN NEW DIRECTIONS
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This newsletter provides updates on various topics including companies, markets, and regulations. It mentions that SpiceJet plans to offer discounts for passengers without checked bags pending DGCA approval. It also notes that the FIPB approved Rs. 3951.61 crore of FDI and that Maruti Suzuki received orders for 3000 units of its new Ciaz model within three days. Additionally, it provides market index values and highlights RBI lines of credit to Mauritius and Honduras as well as tax law updates.
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Forms under COSMOS System
1. The document outlines 16 different types of returns that must be submitted by various categories of Non-Banking Financial Companies (NBFCs) to the Central Repository of Information on Large Credits (COSMOS) system on a quarterly, half-yearly, or annual basis.
2. It provides details such as the name and purpose of each return, the reference date for reporting, the reporting deadline, and the types of NBFCs that must file each return.
3. The returns require NBFCs to report information like their assets and liabilities, capital funds, risk assets, asset classification, statutory liquid assets, public deposits, securitized assets, and structural liquidity.
Reporting IDR quarterly format, distribution
1) The document outlines guidelines for listed entities that have issued Indian Depository Receipts (IDRs) regarding quarterly holding pattern disclosures, corporate governance reporting, and two-way fungibility of IDRs.
2) Listed entities must file quarterly IDR holding patterns within 15 days of the quarter end using a specified format. They must also submit comparative analyses of corporate governance provisions in home and foreign listing jurisdictions.
3) For two-way fungibility of IDRs, guidelines are provided for future IDR issuances allowing partial conversion after 1 year, and for existing listed IDRs requiring at least annual 25% conversion opportunities for holders.
Forms under Companies Act, 2013
This document lists various forms prescribed under the Companies Act, 2013 in India. It outlines the forms required for incorporation of companies, registration of charges, annual filings, appointment and resignation of directors and auditors, related party transactions, and other company law compliances. It also provides contact information for assistance in filing any of these forms. In total, it references over 50 forms across various chapters of the Companies Act that must be filed with the Registrar of Companies for compliance purposes.
FAQs on Annual Filings 2014-15
Proglobal Corp is a Delhi-based consulting firm offering secretarial, HR, legal, financial, and business management services to corporates worldwide. The document provides answers to frequently asked questions regarding annual filings for the 2014-2015 financial year under the Companies Act, including questions about filing forms for appointing auditors, board resolutions, and subsidiary details. It clarifies requirements and procedures for various annual compliance filings like form AOC-4, MGT-7, and MGT-14.
FAQs on Annual Filing
This document provides answers to frequently asked questions regarding annual filings for 2014-15. It addresses questions about forms like ADT-1, GNL-2, AOC-4, and MGT-14 that need to be filed for auditor appointments, financial statements, board resolutions, and other annual compliance requirements. Key points covered include what forms are required for auditor ratification versus appointment, what to fill in AOC-4 if the auditor is changed or there are many subsidiaries, and when shortened notice can be provided for annual filings.
Weekly News-updates dated 5th October, 2015
The newsletter provides updates on regulations from SEBI, corporate law, RBI, tax law and other business matters. Key updates include SEBI merging with FMC and releasing new commodity exchange regulations. The government will simplify FDI policy and speed up approvals. Tax filing due dates for some states were extended to October 31. RBI released its fourth bi-monthly monetary policy statement and notified rules for overseas borrowing in rupees.
Listing Regulations
The SEBI has notified new listing regulations that consolidate existing listing rules and align them with the Companies Act of 2013. The regulations replace all previous listing agreements and will be effective 90 days after publication. Two provisions regarding related party transactions and reclassification of promoters will apply immediately. The regulations divide content into substantive provisions and procedural schedules. Listed companies must sign a new shortened listing agreement within six months and the regulations apply to all listed securities on stock exchanges.
Newsletter dated 5th September, 2015
This newsletter provides updates across various domains:
1) It outlines thoughts on the importance of determination and commitment to achieving goals.
2) It lists several regulatory updates from SEBI, DGFT, IRDA, RBI, and CBDT regarding corporate matters, import/export policies, rural insurance targets, and tax filing extensions.
3) It provides market updates on indices like Sensex, Nifty and commodity prices for items like gold, silver, crude oil.
Newsletter dated 3rd September,2015
The newsletter provides updates on corporate, regulatory, tax and market news. It notes that the deadline for filing cost audit reports was extended to September 30, 2015. It also mentions that the RBI will conduct a 12 day reverse repo auction of Rs. 400 billion and that Snapdeal acquired Reduce Data, a programmatic display advertising platform, to build a discovery platform for brands and sellers. Key stock market indexes such as the Sensex, Nifty and Dow Jones are also listed with their closing values and changes.
Newsletter dated 2nd September, 2015
The newsletter provides updates on corporate, regulatory, tax law and market changes. It notes that the Cost Accounting Standards Board approved the release of an Exposure Draft of Cost Accounting Standard on Capacity Determination for public comments by September 30. It also mentions that the RBI notified changes to the RTGS time window effective September 1, and issued draft guidelines for changing how banks calculate lending rates in response to monetary policy. Several other regulatory bodies also notified new norms and procedures. The market updates section lists current indexes for the Sensex, Nifty, dollar/rupee exchange rate, and commodity prices for gold, silver, crude oil and US indexes.
Newsletter dated 28th August, 2015
The document is a newsletter from PGC that provides economic, market, and regulatory updates. It includes the following:
- The government will ask those holding unaccounted foreign funds to disclose expected income from foreign bank accounts over 10 years old if records are unavailable.
- The Reserve Bank of India has urged the government to speed up banking reforms to increase efficiency and reduce risks to the economy.
- The RBI increased the daily cash withdrawal limit at POS terminals to Rs. 2000 from Rs. 1000 for debit cards in rural areas.
- The CBDT laid down procedures for registration and reporting under the Income Tax Act for transactions with foreign parties.
Newsletter dated 20th August, 2015
The newsletter provides updates on the Indian economy, markets, and regulations. It notes that the government is considering a two-rate structure for goods and services tax (GST). It also announces that the Reserve Bank of India granted payment bank licenses to 11 companies, including telecom and pharmaceutical firms. Finally, it lists several regulatory announcements regarding insurance advertising, insider trading, customs duties, and taxes.
Newsletter dated 17th August, 2015
The newsletter provides economic, regulatory, and market updates. It notes that the government will discuss the goods and services tax legislation further with opposition parties. The Securities and Exchange Board of India notified amendments to various regulations relating to capital raising and delisting of shares. Market indices such as the SENSEX and CNX NIFTY declined while silver and gold futures rose.
Newsletter dated 11th August, 2015
The document provides economic, regulatory, and market updates from multiple sources. It discusses the government ruling out an extension for black money holders to disclose tax evaded wealth abroad. It also discusses investigations into insurance companies for wrongly claiming tax credits and two companies receiving approval for initial public offerings to raise funds. Market indexes such as Sensex, Nifty, and Dow Jones are reported along with commodity prices.
Newsletter dated 6th August, 2015
The newsletter provides updates on economic, regulatory, and market activities. Key points include:
- The Union Cabinet cleared amendments to arbitration laws to make the process faster and cheaper.
- RBI warned banks against underreporting non-performing assets and evergreening of accounts.
- SEBI notified new formats under takeover regulations and issued guidelines for alternative investment funds.
- Other highlights include DGFT notice on export benefits, a court case related to ICAI registration, and an extension for filing VAT returns in Delhi.
Newsletter dated 4th August, 2015
The document provides various economic, corporate, and market updates. It notes that the RBI governor kept interest rates unchanged and the government will hold a talkathon on the new black money law. The FIPB cleared several FDI proposals. The Ministry of Commerce introduced composite FDI caps and SEBI sought clarifications from IndiGo on its proposed IPO. CBEC decided to create a GST Directorate and two court cases addressed interest-free loans and the validity of speed post notices. Market indices such as Sensex and Nifty closed lower while gold and silver prices also declined.
Newsletter dated 3rd August, 2015
The document provides a daily summary of thought, economic, SEBI/corporate, RBI/tax, and market updates. It notes that India's current account deficit is expected to widen but remain under control for the full year. The RBI may cut interest rates given subdued inflation. The corporate affairs ministry plans to revamp the Serious Frauds Investigation Office to enable it to obtain external expertise. New income tax norms require companies to disclose more details on foreign assets. Market indices such as Sensex and Nifty ended lower while the rupee weakened against the dollar.
Newsletter dated 1st August, 2015
The document provides economic, regulatory, and market updates from India. Key points include:
- The Maharashtra government will abolish the Local Body Tax for traders with under 50 crore turnover by August 1st in 25 municipal corporations.
- SEBI modified various forms like Form 20B, Form 23AC effective August 1st. SEBI also issued FAQs on delisting guidelines.
- The CBDT notified new ITR forms 3, 4, 5, 6 and 7 which will be effective from April 1st 2015. RBI will issue ₹10 coins commemorating International Yoga Day bearing the Rupee symbol and value.
- RBI reviewed provision of factoring services by banks
Newsletter dated 30th July,2015
The Cabinet approved a new Consumer Protection Bill that seeks to replace a 29-year old law and proposes setting up a regulatory authority with powers to recall defective products and initiate class action lawsuits. The FIPB approved seven foreign direct investment proposals totaling approximately Rs. 981.15 crore. SEBI passed orders against 91 entities and directors carrying out unregistered collective investment schemes. The government will finalize its intellectual property rights policy within the next 3-4 months and clarify rules on FDI in e-commerce. Taxpayers' identities who opt for advance pricing agreements will remain confidential under the Right to Information Act. The Union Cabinet approved amendments to the Constitution Bill to launch GST, fully compensating states for possible revenue losses over
Newsletter dated 29th July,2015
The document provides updates on the economy, markets, and corporate/regulatory news. It summarizes that India will seek a permanent solution on food stockholding at an upcoming WTO meeting in December and that the RBI may announce liquidity tightening measures. It also notes that SEBI cancelled Sahara Asset Management's mutual fund license and directed it not to take new subscriptions or penalize investors. Market indices such as the Sensex, Nifty, and Dow Jones are also provided.
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PGC NEWSLETTER 28th March 2014
- 1. PGC NEWSLETTER28th March 2014 1 PGC NEWSLETTER 28th March 2014 THOUGHT OF THE DAY “A man should look for what is, and not for what he thinks should be” ECONOMICS NEWS • Multi Commodity Exchange (MCX), the country’s largest bourse in this segment, plans to change its norms to enable transfer of shares of a shareholder declared ‘not fit and proper’ by the regulator to an escrow account. • The Forward Markets Commission, the commodities market regulator, has permitted closure of applications of e- series investors on the scam- hit National Spot Exchange. CORPORATE LAW UPDATES • The bondholders of Mumbai based software firm, Geodesic, have filed a complaint with the corporate affairs ministry last week to look into an alleged cash mismanagement of Rs 1,200 crore by the company • The Ministry of Corporate Affairs has notified the rules of Companies act, 2013 • Indian Hotels, a company promoted by the Tata Group, is planning to raise up to Rs 1,000 crore from existing shareholders through a rights issue. RBI / TAX LAW UPDATE • RBI: RBI has issued notification regarding implementation of Basel III Capital Regulations in India. RBI gave banks another year to implement Basel- III capital regulations. With this, the deadline now stands at March 31, 2019. • IT: Registration granted under section 12A cannot be cancelled on basis of general observation not substantiated by any fact. MARKET UPDATES SENSEX 22,254.17 39.80 CNX NIFTY 6,661.65 19.90 DOLLAR/ RUPEE 60.06 -0.26 MCX SILVER 42940.00 0.12 MCX GOLD 28363.00 -0.34 MCX CRUDE OIL 6123.00 -0.28 Dow Jones Industrial Average 16,264.23 -4.76 Nasdaq Composite 4151.23 -22.35