Draft project finance norms: Finmin may soon take up infra lenders’ concerns with RBI 

[ad_1] The Department of Economic Affairs (DEA) in the Finance Ministry will soon take feedback of the concerns of banks and other infrastructure lenders on the draft project finance guidelines issued by the Reserve Bank of India (RBI). Post this consultation...

Finmin sets timeline to scrap vehicles under new guidelines; to benefit auto cos like Maruti Suzuki, Tata Motors

[ad_1] The Finance Ministry has fixed a timeline for scrapping various types of vehicles and placing fresh orders. This is a part of new guidelines to write off losses under revised Delegation of Financial Power Rules (DOFR). These rules have...

Finmin sets vehicle condemnation, scrappage timeline; to benefit auto cos like Maruti Suzuki, Tata Motors

[ad_1] The Finance Ministry has fixed a timeline for scrapping various types of vehicles and placing fresh orders. This is a part of new guidelines to write off losses under revised Delegation of Financial Power Rules (DOFR). These rules have...

A purchase contract, sale of a right to buy or sell, or a right to buy and sell in future to be called a derivative, says Finmin

[ad_1] The Finance Ministry has notified list of 104 commodities under the Securities Contracts (Regulation) Act, 1956 to be used for derivatives. These include 10 cereals & pulses, 11 types of oilseeds, oilcakes and oil, 13 types of spices, three...

Indian government allows derivatives trading in skimmed milk powder, apples, bamboo and 8 other commodities

[ad_1] The Indian government has permitted derivatives trading in 11 more commodities including skimmed milk powder, cement, apple, bamboo and timber based on a recommendation from the Securities and Exchange Board of India (SEBI), which supervises the trading, to the...