New Delhi, May 19 (IANS) India’s capital markets regulator Securities and Exchange Board of India on Tuesday proposed a major revamp of the trade-processing mechanism used for institutional stock market transactions, seeking to cut delays, lower costs and reduce dependence on a single infrastructure provider.In a consultation paper, SEBI proposed replacing the existing centralised Straight Through Processing (STP) hub model with a direct communication framework based on application programming…
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Mumbai, Feb 6 (IANS) The Securities and Exchange Board of India (SEBI) has proposed to allow investors to set up standing instructions for systematic withdrawal plans (SWP) and systematic transfer plans (STP) for mutual fund units held in demat accounts, a facility currently available only for units held in the statement‑of‑account mode.Under the proposal, demat investors would be able to do one time registration of SWP or STP mandates with depositories or stock Exchanges, which removes the …
New Delhi, Dec 22 (IANS) Delhi BJP President Virendra Sachdeva said on Monday that it is unfortunate that the city’s Aam Aadmi Party’s President Saurabh Bharadwaj, in his attempt to defame the BJP’s Delhi government over pollution, has gone to the extent of lying openly. The ruling party also hit out at the AAP for dishing out false data on dengue cases in Delhi, calling it an act amounting to “political corruption” and inflating the number of patients by distorting facts.The figure of…