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SEBI Permitted Use of Wireless Technology in Securities Trading

Oct 9, 2010
The Securities and Exchange Board of India (SEBI) on 26 August 2010 for the first time allowed registered brokers who provide internet-based trading to facilitate securities trading to use wireless technology, including mobile phones and laptops with data cards.

Supplementary Demand for Grants Tabled in Lok Sabha

Oct 9, 2010
On 3 August 2010 supplementary demand for grants for 2010-11, involving an additional massive expenditure of Rs 68294.30 crore over and above the expenses budgeted for 2010-11 in February2010 was tabled in the Lok Sabha.

RBI Proposed Introduction of CDS

Oct 9, 2010
The Reserve bank of India (RBI) on 4 August 2010 put forth the proposal to introduce credit default swaps, or CDS which are used to offset risks in debt markets in in order to enable firms to hedge against any possible default by a bond issuer. CDS help creditors acquire insurance against the possibility that a borrower might default.

Adanis Acquired Coalmine in Australia

Oct 9, 2010
Power maharatna NTPC on 30 July 2010 commissioned a 490 mega watt (MW) unit at Dadri thermal power plant. The unit would supply electricity to Delhi for the Commonwealth Games.Power maharatna NTPC on 30 July 2010 commissioned a 490 mega watt (MW) unit at Dadri thermal power plant. The unit would supply electricity to Delhi for the Commonwealth Games.

Banking facilities to Expand in West Bengal

Oct 9, 2010
Commercial banks in West Bengal in the first week of August prepared a roadmap for extending banking services to 7486 unbanked villages with a population of over 2000 in the State by March 2012. 225 brick and mortar branches would be opened through business correspondent model.

Sensex Rose to a 30 Month High

Oct 9, 2010
The Sensex rose to a 30 month high on 19 August 2010. The global improvements in economic sphere encouraged FIIs and domestic institutions to buy stocks.

SAIL Selected Suppliers for Bhilai Projects

Oct 9, 2010
Steel Authority of India Ltd on 18 August 2010 selected four international suppliers for equipment and providing technology support to four critical projects of Bhilai Steel Plant.

UNCTAD published World Investment Report 2010

Oct 9, 2010
The United Nations Conference on Trade and Development (UNCTAD) on 22 July 2010 came out with estimates in its World Investment Report 2010, according to which

Morgan Stanley report on the Indian Economy

Oct 9, 2010
According to a recent Morgan Stanley report on the Indian economy estimation India will start growing faster than China in 2013.

Anti-dumping Duty on Imported PVC Flex Film

Oct 9, 2010
The Revenue Department in the Ministry of Finance notified the imposition of preliminary anti-dumping duty on imported PVC flex film from China in August 2010. The decision was taken following a recommendation of the Designation Authority in the Indian Commerce Ministry on 22 June 2010.

TRAC Proposed Changes

Oct 9, 2010
C. Achuthan-led Takeover Regulations Advisory Committee (TRAC) appointed by SEBI in the 139-page report submitted on 19 July 2010 proposed changes with regards to

Tariff order for 2010 by TRAI

Oct 9, 2010
From September 2010 those who subscribe for DTH services would be able to opt for a number of channels of their liking by a paying a minimum of Rs 150 per month.

SBI opened up Kiosks

Oct 9, 2010
SBI recently launched first of its kind facility in India which would enable poor workers and small businessmen slogging in urban areas to open a bank account with just one

Proposal for the Adoption of GST

Oct 9, 2010
The Indian Government on 21 July 2010 proposed a three-tier tax structure to be implemented from April 1, 2010 with an objective to evolve a consensus

PFRDA Introduced NPS-Lite

Oct 9, 2010
Pension Fund Regulatory and Development Authority (PFRDA), the apex body established by Government of India to regulate and develop the pension sector,

IRDA's Grievance Call Centre & IIB Inaugurated

Oct 9, 2010
IRDA's Grievance Call Centre and Insurance Information Bureau (IIB) website was inaugurated on 20 July 2010 by Union Finance Minister Pranab

ICZM project signed with World Bank

Oct 9, 2010
Integrated Coastal Zone Management Project was signed with World Bank on 22 July 2010.

An Institutional Mechanism to look into Disputes of Regulators

Oct 9, 2010
The Indian government recently expressed willingness to promulgate the ordinance which was initiated on 18 June 2010 in the wake of jurisdictional

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