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NCLT

*22.08.2018 Economic News*

👉The National Company Law Tribunal (NCLT) here is likely to deliver its judgment on August 27, on the application filed by the Interim Resolution Professional (IRP) of Lanco  Infratech Limited for the liquidation of the company.

👉With the banking sector being dented by a slew of frauds in recent months, the country’s top banks are increasingly depending on artificial intelligence (AI)-based solutions to improve their internal risk management operations.

👉In a relief to FPIs(foreign portfolio investors), markets regulator Sebi on Tuesday extended the deadline by two months till December for providing a list of beneficial owners, and assured them that issues raised will be looked into by an expert panel.

👉The Securities and Exchange Board of India (Sebi) is considering doubling or even quadrupling the minimum ticket size for investment in portfolio management services (PMS) schemes. The regulator is worried about the current investment limit of Rs 2.5 million may be inadequate to prevent retail investors from using this route

👉Kerala is planning to raise an additional Rs 10,500 crore debt for rehabilitation and rebuilding. To achieve this, the Chief Minister Pinarayi Vijayan today said that his government will ask Centre to raise the ceiling on borrowing for the state to 4.5 per cent of the GDP. The borrowing limit is currently capped at 3 per cent.

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