Home World Business News digest: Shell firms, retrenchment norms, FRDI Bill, and more

News digest: Shell firms, retrenchment norms, FRDI Bill, and more


From investigation on shell firms to fine on discoms for outages, BS brings you top stories to speed up with the latest news

BS Web Team  |  New Delhi  Last Updated at December 8, 2017 04:16 IST

Most suspected get a clean chit
Three months after suspending trade in 331 suspected shell companies, the capital market regulator, the Securities and Exchange Board of India (Sebi), has decided to take the investigation forward, but through forensic audit of only 10-12 firms. Read more

Govt may hold plan to ease hire-and-fire
The Union government is likely to put its proposal to ease retrenchment norms, by allowing factories with a large workforce to hire and fire without seeking its permission, on the back burner. Read more
to tell listed entities to record minute financial details
The Securities and Exchange Board of India (Sebi) is planning to ask listed entities to start using information utilities, set up under the insolvency law, to record minute financial details. Read more
Govt tries to allay concerns
Amid concerns over the safety of deposits in banks due to provisions in the Financial Resolution and Deposit Insurance (FRDI) Bill, the finance ministry on Thursday said the Bill was more depositor-friendly than the current mechanism. Read more
2019 agenda: Fine on firms for power outages
The government plans to fine electricity distributors from April 2019 for power outages deemed avoidable and push for Direct Benefit Transfer (DBT) of electricity subsidy. DBT would, said, make for a more competitive sector, besides helping to control a rise in supply rates. Read more

First Published: Fri, December 08 2017. 04:13 IST


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