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25th Meeting of Financial Stability and Development Council

In the city of Mumbai, the Financial Stability and Development Council’s (FSDC) 25th meeting was held. This meeting was held under the chair of Finance Minister Nirmala Sitharaman. Overview: The council discussed the different mandates of the FSDC as well ..

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SEBI’s Saa₹thi mobile app

The Securities and Exchange Board of India, SEBI launched the Saarthi mobile application. The application provides information about security markets. It is highly useful for investors. About the application The application provides explanation about mutual funds, its working, trading and ..

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SEBI declares state-owned PEC as ‘not fit & proper’

For the first time, the Securities and Exchange Board of India (SEBI) has declared a government-owned company called “PEC Ltd” as ‘not fit & proper’. Highlights PEC Ltd is a 100 per cent government-owned company. It has been declared ‘as ..

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Govt. to sell stakes in LIC in two stages

The government has decided that it might not sell 10% stake in Life Insurance Corp. of India through an initial public offering but instead choosing instead to sell 5 or 6% which will be followed by a second public offering. ..

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LIC to have CEO and MD to Substitute Chairman

Life Insurance Corporation of India (LIC) is creating post for Managing Director (MD) and Chief Executive Officer (LIC) instead of having an Executive Chairman. Highlights These changes have been outlined in backdrop of launch a mega initial public offering (IPO). ..

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SEBI amends norms for Independent Directors

Security and Exchange Board of India (SEBI) has cleared amendments to SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 while reviewing regulatory provisions related to independent directors. Highlights To boost corporate governance between listed companies, SEBI approved amendments to rules ..

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