Coronavirus Outbreak: SEBI eases compliance requirements for stock brokers, mutual funds; says closely monitoring situation in domestic market
With regard to relaxation to mutual fund houses, SEBI said deadline for half-yearly disclosures of financial results have been extended by one month till May 31.
Nirmala Sitharaman exhorts industry to shun hesitation, partner with govt to push growth; says willing to take more steps
alking about the measures taken to help the industry, the minister listed some of them like corporate tax rate cut and removal of Minimum Alternate Tax (MAT) and Dividend Distribution Tax (DDT).
India to boost infra spend from $1.1 trillion in last decade to $1.4 trillion in next 5 years to reach $5 trillion economy, says Nirmala Sitharaman at IMF
India, Nirmala Sitharaman said, has taken various steps to enhance infrastructure investment by launching innovative financial vehicles
SEBI seeks to make mutual funds' valuation process fairer; eases norms for raising funds via investment trusts
The board also approved a proposal to bring uniformity and consistency across the mutual fund industry on valuation of money market and debt securities rated below investment grade, SEBI said.
The Sebi chief said a humungous amount of investment needs to go into infrastructure development in India to address the current gap as well as to provide for projected requirements of the economy
Sebi had notified the REIT and InvIT Regulations in 2014, allowing setting up and listing of such Trusts, which are very popular in some advanced markets
Sebi's board is expected to consider an easier set of norms on REITs and InvITs.
The new norms would enable listing and trading of REITs and InvITs as any other security on the stock exchange platforms and also help create new platforms for raising of funds by real estate and infrastructure companies, respectively.<br />
Sebi has already announced draft regulations for REITs and InVITs, for which the government also proposed tax benefits during the union budget earlier this month.