Government / Regulatory News:

  • Oil prices rose by more than 1.00% in early Asian trading today, pushed up by uncertainty over whether OPEC would manage to agree a production increase at a meeting in Vienna later in the day.
  • SEBI has cut the time for announcement of price band of IPOs to 2 days from 5 days & recast share buyback norms.
  • RBI has bought Rs. 100 bn worth of bonds from the secondary market under its Open Market Operations (OMO) programme.
  • The centre’s Ayushman Bharat scheme to provide Rs. 5 lakh health cover to 10 cr families is likely to be rolled out from October.
  • SEBI plans to put in place revised norms for recovering investors’ money in cases of illegal collective investmnt schemes, wherein a registered insolvency professional will be apointed as administrator to undertake sale of assets.
  • SEBI is consedering liberalising rules for starting new stock exchanges & depositories.
  • 20 states have signed memorandums of Understanding with the centre to implement the National Health Protection Scheme.

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