Concerned about a majority of state-owned firms not meeting the norm of 20 per cent procurement from micro and small enterprises, CII has called for a strong co-ordination mechanism between the ministry of MSME and other stakeholders.
Stock trades by entities privy to unpublished price sensitive information will be in violation of insider trading norms even if they are done indirectly under discretionary portfolio management scheme, according to Sebi.
Financial markets have had a tumultuous week - with risk assets selling off sharply and safe-havens such as gold rallying on Monday after Russia tightened its grip on Russian-speaking Crimea in a move that followed the ousting last month of Ukraine`s president after bloody street protests.
Sanjeev Bhatia, CFO, PC Jeweller, says that currently the retail jewellery companies is adhering to the norm of taking a PAN card copy from customers who are buying gold above Rs 5 lakhs.
The bidding norms for ultra mega power plants, has run into fresh hurdle with lenders. Banks have written to the power ministry expressing their concerns over proposed provision which they say will disincentivise lenders from investing in the power sector, reports Sumit Jha of CNBC-TV18.
Software body Nasscom has asked the government to clarify transfer pricing norms and introduce more measures to promote research and entrepreneurship in the USD 100-billion Indian IT-BPO sector.