Fwd: Today's Exclusives - BSE pays service tax on certification, NSE doesn't—another example of lax regulation?

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From: Moneylife <noreply@moneylife.in>
Date: Mon, Dec 12, 2011 at 8:21 PM
Subject: Today's Exclusives - BSE pays service tax on certification, NSE doesn't—another example of lax regulation?
To: palashbiswaskl@gmail.com

 

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12 December 2011   Moneylife Exclusive BSE pays service tax on certification, NSE doesn't—another example of lax regulation? Moneylife Digital Team While SEBI has already set up a National Institute of Securities Management, doesn't it stand to reason that all certification must either be conducted or at least supervised by SEBI? And that the fees should be reasonable and cost-based?     Other ML Exclusives   ING Life pension plan in ET Wealth—a flawed plan to retire on ING Life retirement planning advertisement in ET Wealth makes misleading assumptions. It wants you to retire on your terms, but with ING's assumptions. What can be expected from agents selling the plan? May be even more mis-selling? .......................................................................................................................................... Walmart's insider probe for corruption Retail giant, which wanted to enter the retail space in India, is investigating possible bribe to foreign officials... .......................................................................................................................................... Daily Market Report: Further decline expected As suggested, Nifty broke Friday's low and fell further. The next support lies at 4,665... .......................................................................................................................................... Collective Investment Schemes: Ponzis and PMSs? Sebi is thinking of acting at last but how long will it be before we get effective action? .......................................................................................................................................... Have sophisticated thermometers ever reduced the temperature? The hype of the moment in microfinance is undoubtedly to subscribe to all kinds of code of conducts, client protection principles, social performance and other self-regulating initiatives. To set the record straight, had all the stakeholders really subscribed to these in the first place, there would have not been such a crisis in Indian microfinance... .......................................................................................................................................... Angioplasty, Bypass Surgery Myths and Chelation Therapy Facts If this noble profession were to have this kind of 'scientific' base where will the poor patient look for succor? The hallo around that word, science, makes it easy for selling anything respectably under its banner... .......................................................................................................................................... What is said at conferences is very different from what is implemented in practice It is very easy to talk high flying concepts at conferences and also publicly claim that the same is being applied in practice. In reality, however, much of the intended strategies do not get implemented in microfinance and that is something that conference organizers, industry associations, regulators and stakeholders must take notice... .......................................................................................................................................... 'Realty sector must focus on the needs of the elderly' Jones Lang La Salle report says there is demand for more than 31 lakh units... .......................................................................................................................................... Industrial output -5.1%—worst since 2008-09 global recession Industrial output actually shrunk by 5.1% in October—a contraction which is the worst since March 2009, when the world was hit by a global slowdown... .......................................................................................................................................... Fortnightly Market View: Stocks & Society Why growth rate in the US—and in India— is poor... .......................................................................................................................................... What went wrong with Eurozone countries This desire to punish rather than co-operate ensures that the ongoing crisis continues and continues to get worse. Credit remains tight, capital flight from the Eurozone is becoming a real problem and Standard and Poor's will most likely downgrade several member states... .......................................................................................................................................... Father, Dr L M Singhvi initiated Lokpal Bill in 1964; Son, Abhishek Manu Singhvi derails it in 2011 The weakened 48th Report on the Lokpal Bill was released by Dr Abhishek Manu Singhvi, chairman of the standing committee. Interestingly, the Bill was first initiated by his own father Dr L M Singhvi, aimed at creating a strong anti-corruption law, based on the Scandinavian model. Here is a brief history of the Lokpal Bill and how it got weaker over the years... .......................................................................................................................................... The Micro-Finance India Summit 2011 Beyond all the buzz, when can we embed social performance within practice? .......................................................................................................................................... Personal finance today - Axis MF introduces Capital Protection Oriented Fund (Series 3) - HDFC Bank plans to complete national roll-out of m-paise in 15 months     At a Glance   - DoT to take action soon against operators for 3G roaming pacts - PDS leakage down to 10-15%: Government - Govt sets textiles export target of $33 billion for 2012-13 - GAIL signs agreement to buy 3.5 MT a year LNG from US firm - Steel ministry sees Rs2.5 lakh crore investment in 12th Plan   Corporate Wrap-up   - Maruti close to Gujarat land buy - Essar proposes 6 mn tonne refinery in Uganda - Lupin eyes USD 300 mn revenues from Japan in next 2 years   FROM the ARCHIVES   The Microfinance India Summit 2011: Bridging The Hiatus, Building Trust? The two-day summit is expected to analyze and introspect on the issues that have led to the erosion of trust with/in the sector. Additionally, the summit is to attempt and build consensus on how the sector can move forward... ...................................................................................................................................................... 'IRDA circular asking insurers not to reject claims mechanically has made little impact on ground' Insurance industry experts Rohan Dukle and Girish Malik spoke at Moneylife Foundation seminar. Mediclaim and life insurance intricacies of proposal, policy, fine prints, grievance redressal and recent court judgements were discussed...     To subscribe to this free newsletter log on to www.moneylife.in or email us at newsletter@moneylife.in To get FREE updates via sms click here.

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Palash Biswas
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