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SEBI gets teeth to act against exchanges, new market outfits

Punitive action possible now; only warnings allowed earlier As part of the proposed amendments in the Finance Bill 2018, the government has given more power to the Securities and Exchange Board of India (SEBI) to impose monetary penalties on important market intermediaries such as stock exchanges and clearing corporations and also act against newer categories of participants likes investment advisers, research analysts,  real estate investment trusts (REITs) and infrastructure investment trusts (InvITs). The proposed amendments to the SEBI Act and the Securities Contracts (Regulation) Act now allow the capital markets regulator to impose a monetary penalty of at least ₹5 crore on stock exchanges, clearing corporations and depositories for non-compliance with regulatory norms. The penalty can go up to ₹25 crore or three times the amount of gains made out of such failure or non-compliance. Hitherto, SEBI only had the power to censure or warn against any form of failure. ...

PM Modi participates in ASEAN-India Breakfast Summit in Singapore

“We are happy that ties with ASEAN are strong and are contributing to a peaceful and prosperous planet,” Mr. Modi said Prime Minister Narendra Modi on Thursday participated in the ASEAN-India Breakfast Summit in  Singapore  and underlined the need for maritime cooperation and centrality of trade for the prosperity of the strategic Indo-Pacific region. Prime Minister Modi began his two-day visit to Singapore on Wednesday by delivering his keynote address at the prestigious Fintech Festival. He also held separate bilateral meetings with the premiers of Singapore, Australia and Thailand and discussed ways to further strengthen ties, including in areas of trade, defence and security. ALSO READ PM Modi gives awards to winning teams of first India-Singapore Hackathon   “PM Narendra Modi participated at ASEAN-India Breakfast  Summit  in Singapore. Reaffirmed cooperation in maritime domain and centrality of trade and investment towards prosperit...

types of computer

I, Computer: Definition A computer is a machine that can be programmed to manipulate symbols. Its principal characteristics are: It responds to a specific set of instructions in a well-defined manner. It can execute a prerecorded list of instructions (a program). It can quickly store and retrieve large amounts of data. Therefore computers can perform complex and repetitive procedures quickly, precisely and reliably. Modern computers are electronic and digital. The actual machinery (wires, transistors, and circuits) is called hardware; the instructions and data are called software. All general-purpose computers require the following hardware components: Central processing unit (CPU): The heart of the computer, this is the component that actually executes instructions organized in programs ("software") which tell the computer what to do. Memory (fast, expensive, short-term memory): Enables a computer to store, at least temporarily, data, program...