Weekly Roundup – November 12

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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.

Around the world, markets rose to an all-time high since 2014 and plummeted down, displaying a visibly volatile trend. Speculations and predictions surrounding Federal Reserve Rate add to the flurry.

Mutual Fund SIP

Japan seeks transparent and open investment climate in India; Business leaders from the Land of the Rising Sun express appreciation towards the ‘Make in India’ and ‘Digital India’ campaigns launched by GoI.

tax

Service tax of 15% to be imposed on all downloads from websites outside India. Central Board of Excise and Customs to implement the tax from December 1, 2016.

RBI

 The Central Bank here announces that sufficient cash is available with banks for exchange of demonetised notes. RBI also confirms that exchange of demonetised currency notes will be facilitated for another 50 days, underlining the adequate scope of time that is available for the procedure.

sebi1

SEBI expresses support towards expediting listing of firms, taking into account the concern of investors during times of market volatility.

Market regulator SEBI roots for uniform process for calculation of Debt Security Interest, in a bid to establish consistency across the various practices in vogue.

MF

Good times ahead for debt mutual fund investors in India, thanks to the change of regime in the USA.

insurance_irda

Centre for Investment Education and Learning (CIEL) explains key features pertaining to Travel Insurance as offered by IRCTC.

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 http://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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