Wednesday, December 23, 1998
UTI schemes to come under SEBI purview
The Deepak Parikh Committee set up to restructure the Unit Scheme-64 of the Unit Trust of India (UTI) has decided that the Securities and Exchange Board of India (SEBI) should monitor all schemes of the Trust including the US-64 in future.
KVSS may bring in Rs 1,500 crore
The finance ministry is expecting a minimum realisation of Rs 1,500 crore from the Kar Vivad Samadhan Scheme (KVSS) which comes to end on December 31. The declarations of the order of Rs 520 crore has already been made till December 10 and the amount would flow in the exchequer subsequently.
SEBI for fiscal sops for VCFs
The Securities and Exchange Board of India (SEBI) will recommend to the government provision of fiscal incentives for venture capital funds (VCFs) for encouraging the venture capital industry.
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