Page 15 - Banking Finance December 2018
P. 15

UN U

                                               o t to ref n  e p o ers for 7  ee s of  aternit
             e i  proposes  to  re a
             istin  nor s for start  p         ea e  i en to e p o ees
                                               he  o en and  hi d  e e op ent  inistr  anno nced that  o ern ent  i
             e i has reco  ended chan es to
                                                                         i e e p o ers the sa aries for se en of the 2
                                ease the e
                                                                         ee s of  aternit   ea e for  o en earnin
                                istin  instit
                                                                         ore than Rs        a  onth.
                                tiona  trad
                                in  p atfor                              he anno nce ent   hich co ers the  o ern
                                        hich                             ent as  e   as the pri ate sector  co es in the
                                 as  intro                               a e of co p aints that  an  co panies  ere
            d ced 2    to ena  e  istin s of ne                         re  ctant hire pre nant  o en after  aternit
            a e co panies and start ps.  e i has                         ea e  as e tended fro   2 to 2   ee s and
            proposed to ease the e i i i it  crite
                                              so e  ere e en rin   o en e p o ees.
            ria and pro ide re a ations in other
                                                   ecretar  Ra esh  ri asta a said it has  een decided to  ti ise the f nds
            areas  s ch as  o er  ini    app i
                                                in  in the  a o r  e fare cess to pa  the e p o ers.   he  ti isation of the
            cation si e and  ore discretion in
                                               a o r  e fare cess   in   ith the state  o ern ents has  een  er   ess.  fter
            share a  ocation to in estors.
                                              ta  s  ith the  a o r Ministr  it has  een decided that the se en of the 2   ee s
                                              of  aternit   ea e for a    o en e p o ees in the pri ate and  o ern ent
             n ine  for   for   o er
                                              sector  ettin   ore than Rs        a  onth  o  d  e paid fro  that f nd

             ro   cto er 2   2     app ication    B  proposes easier  istin  nor s for start  ps
            for   rant  of
                                                B  has proposed to f rther re a  the nor s for  istin  start  ps    a  o in
            certificate for
                                               ore in estor cate ories  re a in  shareho din
             o er  ded c
                                              nor s and red cin  the tradin   ot a o nt.  his
            tion of the in
                                              is the second ti e the  ar et re   ator has initi
            c o   e   t a
                                              ated t ea in  of nor s as there has  een no in
                  or for ni  ded ction of ta   sec
                                              terest fro  start  ps to  et  isted on the  nstit
            tion   7    i   ha e to  e  ade in the
                                              tiona   radin    atfor       .
            ne   or    .  he app ication has to
             e s   itted e ectronica     sin  a    B  proposed chan es to the fra e or  of
            di ita  si nat re or thro  h an    .   hich has fai ed to dra  traction.  nder the p an       i    e rena ed  nno a
                                              tors  ro th   atfor       . 2   of the pre iss e capita  sha    e he d      a i
             hina  ifts  an on  n ian         fied instit tiona     ers    Bs  or other re   ated entities or accredited in es
                                              tors for at  east t o  ears.   t of this  not  ore than    per cent sha    e he d
            i ports
                                                 accredited in estors.
             hina has  ifted a  ear  on   an on
                                                Bs  fa i   tr sts  ith net orth of  ore than Rs.    crore  cate or      for
                              rapeseed  ea
                                              ei n portfo io in estors     s  sha    e  ade e i i  e.   B  a so proposed that
                              i ports  fro
                               ndia  as  it   entities  ith poo ed in est ent f nds and  ini    assets  nder  ana e ent
                              see s to di er   of       i  ion and those fro  a   risdiction si nator  to the  nternationa
                              sif  so rces of   r anisation of  ec rities  o  ission s M  ti atera  Mo  sha     a if  to ho d
            protein  sed in ani a  feed. Rape   2  per cent of the pre iss e capita .
            seed  ea  ship ents fro   ndia can
                                                B  defined accredited in estor as an indi id a   ith tota   ross inco e of Rs.
            res  e fro  Monda  if the   eet
                                               a h ann a    and one  ho has a  ini     i  id net  orth of Rs.  crore or an
            certain  inspection  re  ire ents
                                              corporate  ith net  orth of Rs.2  crore.  he re   ator a so s   ested t ea
             hina s c sto s depart ent said.
                                              in  the share a  ocation  i it in entities  isted on the p atfor .  t r  ed o t an
             he  o e is  hina s  atest effort to
                                               ini    reser ation of a  ocation to an  specific cate or  of in estors  and said
            red ce its re iance on    so a eans.
                                              the a  ocation sho  d  e on a proportionate  asis.
             B            CE |                                                            DECEMBER | 201  | 1
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