Reserve Bank plans greater elbow room for authorised dealers
The Reserve Bank of India will continue to decentralise the decision-making process in respect of foreign exchange operations and will give maximum responsibility to authorised dealers (ADs) to meet their customer requirements without having to seek specific permission from the central bank.

Full depository system in three years: Sebi chief
The Securities and Exchange Board of India (SEBI) has set a target of about three years to achieve full dematerialisation and switch over to a complete depository system. SEBI Chairman D R Mehta said the list of shares for compulsory trading in dematerialised form will be increased to 300 for institutions by the end of the year.

JP Morgan unveils country's maiden treasury bill index
JP Morgan on Thursday launched the country's first-ever short-term treasury bill index to aid accurate and timely monitoring of Indian money markets. The index will also serve as a reliable performance benchmark for banks, money markets, mutual funds and liquid components of other funds.

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