UNIFORM CHARGES
Sebi diktat: Big impact if brokerages do not change their revenue model: Ajay Kejriwal
The Sebi diktat on differential offerings could impact profit in the range of say 2% to 5% minimum to up to 30%. So, depending on the brokerage model, what they are offering, and what kind of model they are retaining. So the brokerage houses will have to tweak their models, says Ajay Kejriwal, CEO, Choice Equity Broking.
Zerodha may end zero brokerage structure for equity delivery trades after Sebi's order: Nithin Kamath
With the new Sebi circular that mandates uniform charges by market infrastructure institutions like stock exchanges, brokerages are feeling the heat. Zerodha's Nithin Kamath on Tuesday said the brokerage may have to go back on zero brokerage structure or increase brokerage for F&O (futures and options) trades.
Broking stocks fall up to 10% after SEBI calls for uniform charges
SEBI instructed MIIs to ensure uniform charges benefiting end clients, with changes effective from October 1, 2024. The circular aims to rectify incorrect disclosures, especially regarding charges collected from end clients by MIIs. MIIs are directed to redesign charge structures and communicate with SEBI for compliance.
Sebi directs MIIs to implement uniform charge from October 1
Sebi directs MIIs to implement a new charge structure for fair market access, ensuring transparency and equal treatment for all participants.
Blow to Discount Brokers: Sebi says charges levied by market institutions should be uniform
Exchanges frequently offer lower fees to brokers who generate high trading volumes, which has led to increased activity across segments such as derivatives. Sebi is considering asking exchanges to halt this practice as part of a broader strategy to temper the excessive trading activity in India's derivative markets. Discount broking firms' revenues are expected to get hit as a significant part comes from the paybacks that exchanges give for the volumes they generate.
EPFO lowers penal charges on employers defaulting on PF, pension and insurance deposits
The notification issued by the ministry of labour and employment said the penal charges across three schemes of EPFO will be uniform and at the rate of 1% per month or 12% per annum from the date of notification as against 25% per annum until now for default period of six months and above. This will reduce the penal burden on employers.
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NCP refuses to be part of NDA ministry after BJP offers MoS (Ind Charge) for Praful Patel
Maharashtra deputy chief minister Devendra Fadnavis, who met Ajit Pawar and other NCP leaders in Delhi after NCP's refusal, told reporters that there was a uniform policy on allocation of ministry. "For one party, exceptions could not be made. We are sure that whenever there is a Cabinet expansion, their (NCP) wish would be considered," said Fadnavis.
Congress will defuse nuclear weapons if elected: PM Narendra Modi
Prime Minister Narendra Modi accuses Congress of planning to revoke India's nuclear weapons, restore Article 370, and annul Citizenship Amendment Act. He also criticizes Congress for appeasement politics and attacks on Kangana Ranaut during election campaign.
Congress will terminate India’s nuclear weapons if it comes to power: Modi
At an election rally in Mandi, Modi also attacked those who had used unsavory language against BJP candidate and actor Kangana Ranaut during the campaign.
Kotak Mahindra Bank revises savings, salary account charges, limits: Know latest cash transaction limits, ATM charges & more
The bank has revised average balance criteria, free cash transaction limits, free ATM transaction limits, standing instruction failure fee, free cheque book limit.
Asaduddin Owaisi calls EAC-PM report on Hindu population decline 'Whatsapp university material'
AIMIM leader Asaduddin Owaisi dismissed the Economic Advisory Council to the PM (EAC-PM) report as "from Whatsapp University", questioning its credibility on Hindu population decline. BJP's Amit Malviya criticized Congress for the decline, while UP's Deputy CM blamed the party's Muslim appeasement. EAC data shows varying shifts in India's religious demographics.
If Hindus still in danger after decade of BJP rule, it should not return to power: Kirti Azad
The former BJP MP-turned-TMC nominee from West Bengal's Bardhaman-Durgapur Lok Sabha seat, also said the issue of the Uniform Civil Code (UCC) was a "ploy to communalise the polls" since the saffron camp "lacks an impressive report card to present before the masses".
Arrest of Russian defence minister's deputy may be strike by rival 'clan'
Sergei Shoigu, Russia's defence minister, has tried to send a "business as usual" message since his deputy was arrested on a bribery charge. But the widening scandal looks bad for him too, and is seen as a push by a rival clan to dilute his power.
ID from app, uniform from Dwarka: How a 24-year-old UP man impersonated Singapore Airlines pilot
A 24-year-old man from Uttar Pradesh was arrested at Delhi airport for impersonating a pilot of Singapore Airlines. He used fake IDs and uniforms, leading to a case under IPC sections. Similar incidents have been reported previously.
New insurance rule: 30-day free-look period now to return unwanted, mis-sold policies; how much will you get back from insurer?
IRDAI extends the free-look period for life and health insurance policies to 30 days. This means policyholders have a month to review policy terms and return them. Insurance policyholders are eligible for a refund if they cancel the policy during the free-look period, regardless of how they purchased it (online or offline). Previously, only electronically purchased policies had a 30-day free-look window. How much
BJP accuses Mamata of resorting to vote bank politics on Eid, TMC counters charges
Addressing a gathering here on the occasion of Eid-ul-Fitr, Banerjee claimed that some people will try to "engineer riots" during elections and urged those who participated in the programme "not to fall prey to the plot".
Army cancels seminar on UCC after backlash from political parties in J&K
The Indian Army in Jammu and Kashmir has cancelled a seminar aimed at raising awareness about the Uniform Civil Code and other topics. The seminar, scheduled for March 26 at the Kashmir University Auditorium, was criticized by regional political parties, including former chief minister and National Conference (NC) vice president Omar Abdullah, who questioned the Army's involvement in a "divisive" issue in a sensitive area like Kashmir.
UCC in Uttarakhand gets President's assent, becomes law
Uttarakhand has become the first state in India to adopt the Uniform Civil Code Bill, after being approved by President Droupadi Murmu. The state government aims to protect citizens' interests and maintain the essential character of Uttarakhand, in line with Prime Minister Narendra Modi's vision. The Uniform Civil Code will provide equal rights to all citizens, curbed the oppression of women, and promote social equality.
Nasscom urges Karnataka govt to review uniform taxi fare rules
Nasscom’s blog post followed a letter from the Internet and Mobile Association of India (IAMAI) on February 15 which had requested an industry-wide consultation on the new taxi fares.
IAMAI calls for consultation on uniform cab fares in Karnataka
In a letter to transport minister Ramalinga Reddy, the influential interest group protested the fixed cab fares mandated by the state government, which will have to be followed by ride-hailing firms like Uber, Ola and Rapido, as well as non-app-based city taxis. The body, which counts over 600 internet firms including Big Tech firms like Google, Microsoft and Meta in its membership, said the flat fares in the absence of dynamic pricing would have a “chilling impact” on the state’s mobility ecosystem.
Friends turned foes slug it out in charged-up poll battle in Tamil Nadu
Parties like DMDK, Pattali Makkal Katchi, Makkal Needhi Maiam, and Naam Tamilar Katchi are yet to decide on their alliances. They have limited options - either BJP or AIADMK.
Uber, Ola will have to fall in line as Karnataka govt fixes uniform fare for taxis
The Karnataka Transport Department has announced a new fare structure for city taxis and app-based aggregators like Uber and Ola. The revised fares, applicable across the state, will now be uniform for both categories. Cabs have been classified into three classes based on the vehicle cost, with different minimum fares and per km costs. Additionally, waiting charges will be applicable after the first five minutes, and toll charges can be collected by app-based aggregators.
New RBI rules on penal charges on loans: Will there be any upper limit/cap for imposing penal charges?
the RBI stated that the transition to the new punitive charges regime should occur on or after April 1, 2024, but no later than June 30, 2024 in the case of existing loans.
India's wait for uniform charging ports gets longer
According to officials aware of the details, while there is consensus on the proposal to adopt USB Type-C as the standard charging port, there are differences over the timeline for implementation.
What is USB-C, the charging socket that replaced Apple's Lightning cable?
The first part of the acronym stands for Universal Serial Bus, and it replaces earlier versions of the USB cables used on everything from printers and hard drives to computer mice and Kindle readers. The USB-C plug comes in a different shape than its predecessors — an elongated oval.
New uniform pattern in Lakshadweep schools: Congress warns of intense protest
The Congress party has strongly condemned the Lakshadweep administration's new uniform directive, claiming that it is against the culture and lifestyle of islanders in the Muslim-dominated archipelago. The directive is silent on hijabs or scarves for girl students. The Congress has warned of intense protests, including mass class boycott by students against it. The opposition party has accused the BJP-led government at the Centre and the Lakshadweep administration of repeatedly attempting to implement anti-people policies.
SC support for legislation on UCC prompted by cases involving gender justice
The issue of personal law running at odds with a woman's rights tore on to the national consciousness in the Mohd Ahmed Khan Vs Shah Bano Begum (1985) case where the SC ordered that maintenance be paid to Khan's first wife Shah Bano beyond the iddat period. The SC order regretted that Article 44 remained a 'dead letter' and questioned the logic of allowing communities to usher in reforms on their own.
BJP pushes ahead with Uniform Civil Code, organises campaigns, yatras
"My Kanwar yatra will start from Haridwar with the theme of Uniform Civil Code and that is also my prayer from Lord Shiva for doing this yatra to get UCC law drafted in the near future," Balyan told ET. His yatra will conclude in Muzaffarnagar, from where he is an MP and during its course BJP's Uttar Pradesh unit chief Bhupendra Chaudhary will also join him.
Maharashtra opposition says BJP trying to polarise voters before polls; BJP denies charge
BJP's rivals claim the party is using the Sakal Hindu Samaj rallies and speakers like T Raja Singh to polarise voters ahead of upcoming polls.
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