sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
« Markets »
 FM calms nerves, says no plan to tax market gains
 Why we must tweak the market-led model
 PE transactions prompt income tax queries over round tripping concerns
 Amended India-Mauritius tax treaty only covers investments in shares
 Government drops cap gains tax on startup shares held for 2 years
 Tax-free bonds regain demand in the secondary market
 Relevant Market’ Under Competition Act, 2002
 Indian markets best in terms of earnings momentum, price revision
 How India will become a common market with GST
 Broader markets outperform; Nifty holds 8,500
 Have Indian markets run ahead of fundamentals?

Sebi to consider more players in forex futures
December, 20th 2008
n a bid to broad-base the currency derivatives market, capital market regulator Securities and Exchange Board of India (Sebi) is looking at including more market participants in forex futures trading. There are some restrictions in this market on who can trade and we are now looking at if these restrictions can be relaxed, said Sebi Chairman C B Bhave. Currently, foreign institutional investors (FIIs) and non-resident Indians (NRIs) are not allowed to trade in currency futures. Bhave further said that the joint committee of the Reserve Bank of India (RBI) and Sebi would first look at expanding the reach of the market and then work for including different currencies. Now, there is only rupee-dollar futures with only certain players being allowed to participate, Bhave said, adding that the committee was looking at whether this market needed to be expanded. Our understanding is that even in forward markets the trade is dominated by rupee-dollar, he said. Bhave was speaking on the sidelines of a conference organised by the National Institute of Securities Markets (NISM) in Mumbai. Sebi would also look into the recommendations made by the Mutual Funds Advisory Committee after inviting public comments, Bhave said. On December 4, Sebi in consultation with the Association of Mutual Funds in India (Amfi) had revised norms for close-ended funds in order to prevent a recurrence of the massive redemption faced by mutual funds in October. Further, the regulator also said that the decision to open futures and options (F&O) trades in the National Stock Exchanges (NSEs) Nifty from 8 am was a decision between the exchange and market participants. The NSE has applied to Sebi to be allowed to open F&O trades at 8 am. NSE MD Ravi Narain, who was also present at the conference, said the exchange would wait for Sebi approval.
Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions