Tuesday, March 29, 2011
FIIs step up buying
Birla Sun Life MF Declares Dividend For Tax Relief 96 Fund
Weekly Scenario: Equity Funds Closed The Week With Smart Gains
Monday, March 28, 2011
Mutual funds continue buying
Friday, March 11, 2011
Mirae Asset Global Investments launches its India-China Consumption Fund
Franklin Templeton MF to Introduce Franklin Templeton Family Solutions Facility
Franklin Templeton Launches Family Solutions in India
Mutual funds in selling mode
Tuesday, March 08, 2011
AMFI appoints HDFC MF's Milind Barve as Chairman
New rules soon for wealth managers - RBI, Sebi to get more powers
RBI allows IRFs on 91-day T-Bills
FIIs step up buying
HDFC MF Declares Dividend for HDFC Top 200
Franklin Templeton Announces Tax-Free Dividend in Templeton India Equity Income Fund
Sundaram MF Declares Dividend For Balanced Fund
Weekly Scenario: Equity Funds Gain
Mutual funds in selling mode
Tuesday, March 01, 2011
Sebi proposes XBRL reporting system for mutual funds
The Securities and Exchange Board of India (Sebi), which regulates fund houses, has issued a draft structure of the proposed XBRL (eXtensible Business Reporting Language) system for all the regulatory filings to be made by mutual funds.
XBRL technology enables the computers read and divide the information provided in the filings under various heads and thus makes it easy to find any relevant details and to identify any irregularities.
Sebi has been working to put in place a unified regulatory filing system for all listed companies and market entities in a standardised format based on XBRL technology.
To start with, Sebi is likely to make the new business reporting mechanism mandatory for mutual funds and then expand this system to other segments in phases.
"SEBI intends to set up a comprehensive reporting, filing and dissemination system for filing of information reports in XBRL by listed entities, registered intermediaries and other entities," a senior official said.
The new system, called SUPER-D (Sebi Unified Platform for Electronic Reporting - Dissemination), is being developed in such a way that it is capable to manage simultaneous filing of 500 documents on normal days and have peak-period capacity to handle 15,000 simultaneous filings.
Besides disseminating the information on real-time basis to investors and others, the XBRL technology-based new system will also help Sebi itself as also other regulatory and investigative agencies in monitoring any irregularities in the affairs of companies and market intermediaries.
In addition to mandatory regulatory filings, including financial statements, the entities would have to use the new XBRL-based platform for all their reporting purposes to the regulator, the official added.
The system would also help in analysing the data for research and regulatory purposes and would have provision for automated report generation for regulatory purposes.
Once the system is put in place, all listed companies, as also market entities like foreign and domestic institutions and brokerages would need to make all their regulatory filings, including financial reporting and other disclosures, to the new unified platform in a common standardised format.
Currently, BSE and NSE have a XBRL-based financial reporting platform for listed companies for all their filings and the system helps the investors get real-time access.
Maintain Persistency or lose license: IRDA to Agents
Persistency Ratio : A ratio which reveals the percentage of policies that continue paying premium over the premium paying term. The higher the ratio the better it is.
No tax return filing for salary income till 5 Lakh
"Salaried people, may be up to Rs 5 lakh...they need not file the (income tax) return," CBDT chairman Sudhir Chandra told reporters at the customary post-Budget press conference.
In case such a salary earner has income from other sources like dividend, interest etc. and does not want to file returns, he will have to disclose such income to his employer for tax deduction, Chandra said.
The government, he said, is working out a scheme and will notify it "very soon".
The Form 16 issued to salaried employees will be treated as Income Tax Return, he added.
FIIs allowed to invest $20 b more in bonds of infrastructure cos
FM allows foreign access, gives MFs reason to smile
Blog Archive
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2011
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March
(23)
- FIIs step up buying
- Birla Sun Life MF Declares Dividend For Tax Relief...
- Weekly Scenario: Equity Funds Closed The Week With...
- Mutual funds continue buying
- Mirae Asset Global Investments launches its India-...
- Franklin Templeton MF to Introduce Franklin Temple...
- Franklin Templeton Launches Family Solutions in India
- Mutual funds in selling mode
- AMFI appoints HDFC MF's Milind Barve as Chairman
- New rules soon for wealth managers - RBI, Sebi to ...
- RBI allows IRFs on 91-day T-Bills
- Fixed Maturity Plans (FMPs) which are attracting...
- FIIs step up buying
- HDFC MF Declares Dividend for HDFC Top 200
- Franklin Templeton Announces Tax-Free Dividend in ...
- Sundaram MF Declares Dividend For Balanced Fund
- Weekly Scenario: Equity Funds Gain
- Mutual funds in selling mode
- Sebi proposes XBRL reporting system for mutual funds
- Maintain Persistency or lose license: IRDA to Agents
- No tax return filing for salary income till 5 Lakh
- FIIs allowed to invest $20 b more in bonds of infr...
- FM allows foreign access, gives MFs reason to smile
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March
(23)
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