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Tag: norms

UN panel says Carlos Ghosn’s arrest and detention violated international norms

UN panel says Carlos Ghosn’s arrest and detention violated international norms

World
Nov. 23 (UPI) -- An independent panel working with the United Nations announced Monday that fugitive and former Renault-Nissan executive Carlos Ghosn was wrongly arrested in Japan and should be given "compensation and other reparations" according to international law. The UN Human Rights Council's Working Group on Arbitrary Detention said in a report that Ghosn, 66, was arrested and detained for more than 100 days in a Tokyo cell as part of a system of what the panel called Japanese "hostage justice," in which suspects are detained for long periods in inhumane conditions, exerting psychological pressure to confess. Advertisement The five-member group, which is made up of independent experts, asked the government of Japan to conduct a "full and independent investigation" of Ghosn's multipl...
RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms

RBI imposes Rs 22 lakh fine on DCB Bank for violating marketing norms

Finance
New Delhi: Private sector lender DCB Bank on Thursday said RBI has imposed a fine of Rs 22 lakh on the bank for violating marketing norms for financial products. The Reserve Bank imposed the penalty by an order dated October 28, DCB Bank said in a BSE filing. "The RBI has...imposed a monetary penalty of Rs 22 lakh on DCB Bank for non-compliance with certain provisions of directions issued by RBI contained in the circular on 'Marketing/distribution of mutual fund/insurance etc., products by banks' dated November 16, 2009," the RBI order attached with the filing said. The central bank said the penalty has been imposed in exercise of powers vested in RBI under the Banking Regulation Act, 1949. "This action is based on the deficiencies in regulatory compliance and is not intended to pronounc...
New Sebi norms make it easier to find risk-adjusted return of schemes: Swarup Mohanty of Mirae Asset

New Sebi norms make it easier to find risk-adjusted return of schemes: Swarup Mohanty of Mirae Asset

Finance
Securities and Exchange Board of India or Sebi has come out with two more changes in the mutual fund space. The market watchdog has asked mutual funds to rename their dividend plans. The second measure, a comprehensive one, deals with product labelling and indication of risks associated with various categories. Shivani Bazaz of ETMutualFunds.com reached out to Swarup Mohanty, CEO, Mirae Asset India, to decode the measures.Edited interview. What is your first reaction to new risk norms and dividend plans? I believe that the new circular on product labelling and the subsequent changes to the Risk-O-Meter is a huge step forward in the communication process of funds with their investors. We all think it is a business of returns, while it is actually a business of managing risks. The new norms...
New Sebi multi cap norms revive interest in large & mid cap schemes

New Sebi multi cap norms revive interest in large & mid cap schemes

Finance
Large & mid cap mutual fund category was the first victim of Sebi’s strict categorisation norms that were introduced three years ago. Many mutual fund advisors struggled to explain the large & mid cap category, mandated to invest 35% each in large cap and mid cap stocks. However, the new multi cap investment norm introduced by Sebi in the last week is reviving interest in these schemes. At least, many investors are talking about largeLet's block ads! (Why?) Personal Finance News-Wealth-Economic Times