Weekly Roundup – November 05

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CAMS brings you a weekly glimpse at the key happenings in the BFSI sector, in India and abroad. Regulatory updates or important news, here are some which might have had an impact on the sector.

GSecs

The US Federal Reserve chooses to leave Fed Rates unperturbed, in deference to the upcoming presidential elections.

China’s impact and contribution towards the global economy is significant, say experts. The country that accounts to 15% of the world’s economy, is attributed for more than 25% of global economic growth.

index

GST given final touches at the two-day meeting held in New Delhi. A four slab tax structure to take effect. Centre rejects states’ pleas for special GST rates on specific goods of luxury.

Budget for the upcoming fiscal year to be presented in February, according to Finance Ministry sources. The Ministry seeks to wrap up the entire process by end of FY 2016-17.

RBI

The Central Bank of India now allows banks to raise funds via Masala bonds, enabling prospects for raising Tier I, Tier II capital to be lent to the Infrastructure sector.

sebi1

SEBI renders transparency to regulations concerning delisting mechanism. Firms can now seek to voluntarily delist only if it had been listed in  a registered stock exchange for a minimum period of 36 months.

MF

Stocks held by mutual funds now exceed those held by the country’s largest, state-run insurer, signaling positive growth for the equity markets.

insurance

20 million railway passengers choose to go for railway insurance cover that offers a compensation upto Rs. 10 lakh

About CAMS:

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Computer Age Management Services (CAMS) is India’s premier Mutual Fund Transfer Agency serving over 62% of assets of the industry across 16 Mutual Funds. Leveraging superior technology, CAMS brings several innovative services to Mutual Fund investors and distributors. CAMS is also a service partner to leading Insurance Companies, Banks, NBFCs and Alternate Investment Funds. To know more visit www.camsonline.com

 

 

 

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Published by

Sudarshan Ranganthan

Breaths Investments, Suggests Wealth Creation Ideas, Lives on Law Of Attraction

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