Page 14 - BANKING FINANCE November 2018

UN U

IN S R

S o ar e onl R er e an e in o o i
ell o anie
eri a i e
rike o
Se i decided to le a lat ee o Rs lakh er e change on turno er arising
he Central go ern ent has said
ro agricultural co odit deri ati es instead
that it has
o le ing turno er ased sla rates
struck o
around he go ern ent Se i and e changes are taking
shell co anies arious ste s to ro ote agricultural co od
in the second it deri ati e seg ent so that the ene its o ag
hase o its e ricultural co odit deri ati e are assed on to
orts to cur il the ar ers and ar ers roducer rgani ation
licit und lo s and so e o the co s Se i Chie ja agi told
anies ha e een ser ed notices and
Se i oard has a ro ed that instead o le ing regulator ee at the rescri ed
are under scrutin
turn o er ased sla rates a no inal regulator ee at a lat rate o Rs lakh
he cor orate a airs inistr has al er e change ould e le ied on turno er arising ro agricultural co odit
read struck o o er lakh ir s deri ati es
or non iling o inancial state ents
urther in order to ass on the desired ene its ro reduction o regulator
or annual returns or a continuous
ees Se i has ro osed that e changes dealing ith agricultural co odities
eriod o t o ears or ore as art
deri ati es ill create a se arate und ear arked or the ene it o ar ers
o the irst hase o the dri e
s
So ar as the shell co anies are
concerned in the irst hase e Ma er ar i a ank o a illion in a a e
ha e struck o around lakh
isa Mastercard and an S anks ha e agreed to a illion to settle
co anies hich ere not onl non
a long running la suit rought erchants
co liant ir s ut also ost o
o er the ees the a hen the acce t card
the ere ogus More than
a ents isa and Mastercard had re i
co anies ere orking ro a
ousl reached a illion settle ent ith
oneroo set u
the erchants in the case ut that deal as
n the second hase e ha e al thro n out a ederal a eals court in
read struck o around co
he la suit dating ack ore than a decade
anies and ore are on the an il
accuses credit card co anies o iolating ederal antitrust la s orcing
inister o state or cor orate a airs
erchants to a s i e ees and rohi iting the ro directing consu ers
Chaudhar told
to ard other ethods o a ent
1 | 2018 | NOVEMBER | B N N N N E