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Union Cabinet nod for SEBI Act amendment bill
New Delhi-Govt has approved the SEBI Act amendment bill to give more powers to the market regulator. The bill will replace SEBI ordinance which was re-promulgated in March this year.The bill has provisions to empower the SEBI chairman to order searches and seziures and crack down on ponzi schemes.It also seeks to empower SEBI to regulate all money pooling scheme worth over hundred crore rupees.Bill will also authorise SEBI to call for information like phone call records for adding its security transactions investigat..

Exim Bank asked RBI to increase its leverage ratio
New Delhi-The Exim Bank urges RBI to increase its leverage ratio so that it can lend more to the exporters. It has cited the urgent need for turning the country into an export powerhouse and the prevalent practices in competing nations. Currently, RBI allows the Exim Bank to leverage only 10 times of its net-owned funds, which it wants to be hiked to at least 15 times. EXIM bank new MD Yaduvendra Mathur said that bank is classified at par with a commercial bank which restricts its capacity..

Bollywood actor Salman Khan has no plans to enter in politics
Super film star Salman Khan says he has no plans to enter politics and would rather focus on his social work.In an interview on Doordarshan, the 48-year-old actor said he would like to carry out the social work through his 'Being Human' organisation.Salman also plans to adopt few places to work for the betterment of the children living there. Bolywood star Khan is considered one of the most sought-after bachelors in Bollywood but Salman said he had no plans to settle...



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