Saturday, December 1, 2012

MCX-SX joins UN's initiative

MCX Stock Exchange (Multi Commodity Exchange) has signed the voluntary commitment to the UN's Sustainable Stock Exchanges (UN SSE) initiative to promote long term investment and improved environmental, social and corporate governance disclosure and performance among listed companies. With this, the MCX-SX has joined the global league of six other exchanges that have commited to the UN SSE initiative. The other six exchanges that have commited to the SSE initiative are NASDAQ OMX, the Brazilian stock exchange BM & FBOVESPA, Johannesburg Stock Exchange, BSE, Egyptian Exchange and Istambul Stock Exchange. 

RBI to buy government securities to ease liquidity crisis

To ease the liquidity pressure in the banking system, the Reserve Bank of India has announced the purchase of governmant securities worth Rs 12,000 crore through Open Market Operations (OMOs) on December 4. The banks have been collectively borrowing over Rs 1 lakh crore on a daily basis since the second week of November. 

Lok Sabha passes money laundering amendment Bill

Lok Sabha passed the Prevention of Money Laundering (amendment) Bill 2011. The Bill will expand the definition of money laundering to include cheating, concealment, acquisition, possession and use of proceeds of crime.

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