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India's markets regulator on Wednesday proposed changes to the regulatory framework for custodians, including doubling their minimum net worth requirement. Custodians provide services such as safekeeping of assets and maintenance of securities accounts for clients like foreign portfolio investors, mutual funds, and portfolio managers. Currently, India has 17 registered custodians.
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Normal life was affected in Manipur's Imphal Valley on Wednesday due to a total shutdown called by 13 civil rights organisations to protest the alleged abduction of three women and children each by militants in Jiribam district, officials said. Business establishments and educational institutions in the five Imphal Valley districts of Imphal East, Imphal West, Thoubal, Kakching and Bishnupur were closed due to the shutdown which commenced at 6 pm on Tuesday.
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Topics :Narendra ModiRahul GandhiBJPCongressIsrael-PalestineJharkhand Assembly ElectionsDonald TrumpUS polls
First Published: Nov 13 2024 | 9:01 AM IST