The Financial Express -- News

Wednesday, December 17 1997

SEBI panel asks bourses to set up service centres for investors

The panel set up by the Securities and Exchange Board of India (SEBI) to look into the sources and utilisation of the Investor Protection Fund (IPF) and Investor Services Fund (ISF) has strongly recommended the constitution of service centres at all bourses.

DoT seeks lower tariff for value-added services

The Department of Telecommunications (DoT) has submitted a proposal to the union cabinet to reduce the tariff structure for value-added services to attract more subscribers. The value-added services like Internet, video-conferencing, Inet, radio- paging, public mobile radio-trunked services and domestic data service using Vsat are the likely beneficiaries, if the proposal gets cabinet nod.

Diktat on merchant bankers strains SBI Caps-ADB alliance

The alliance between Asian Development Bank (ADB) and SBI Capital Markets Ltd (SBI Caps) has run into rough weather. The cause for the alleged breaking up is atrributed to the new Securities and Exchange Board of India (SEBI) diktat that seeks to bar merchant banks from undertaking fund-based activities.

Unicef asks Centre to allocate 20% of annual budget to social sector

Barauni refinery on alert as army stumbles on Ulfa plot