Polling begins in 40 UP Assembly seats in 

Phase-VII Prominent candidates who are in fray include former Cabinet minister Om Prakash, Parasnath Yadav, Ajay Rai, former MP Dhananjay Singh, Sigbatullah Ansari brother of Mukhtar Ansari and Seema Singh wife of jailed mafia Munna Bajrangi. Error loading player: No playable sources found Polling in 40 Uttar Pradesh Assembly seats spread across seven districts in the seventh and final phase started today with all eyes on Prime Minister Narendra Modi's Lok Sabha constituency Varanasi. Prominent candidates who are in fray include former Cabinet minister Om Prakash, Parasnath Yadav, Ajay Rai, former MP Dhananjay Singh, Sigbatullah Ansari brother of Mukhtar Ansari and Seema Singh wife of jailed mafia Munna Bajrangi. A total of 1.41 crore voters, including 64.76 lakh women, are eligible to exercise their franchise in 14,458 polling booths and 8,682 polling centres to decide fate of 585 candidates, including 51 women. 

Economic nationalism, volatility threatens modest recovery:

 OECD The Paris-based Organisation for Economic Cooperation and Development estimated global economic growth would run at 3.3 percent this year before reaching 3.6 percent in 2018, unchanged from its last estimates in November. Economic nationalism, volatility threatens modest recovery: OECD A modest recovery underway in the global economy is at risk from economic nationalism and diverging central bank policies, the OECD said on Tuesday as it forecast only a slight pick-up in growth. The Paris-based Organisation for Economic Cooperation and Development estimated global economic growth would run at 3.3 percent this year before reaching 3.6 percent in 2018, unchanged from its last estimates in November. OECD chief economist Catherine Mann said that higher interest rates in the United States could unleash damaging volatility on financial markets for some borrowers while potentially pushing the dollar higher.

Lenders developers raise concerns on rollout of RERA

 Real Estate Regulation Authority (RERA) will be set up from May 1, 2017 and lenders and developers have raised some concern about dispute resolution mechanism with the Maharashtra’s implementation of Real Estate Regulatory Authority Act. Lenders & developers raise concerns on rollout of RERA Real Estate Regulation Authority (RERA) will be set up from May 1, 2017 and lenders and developers have raised some concerns about dispute resolution mechanism with the Maharashtra’s implementation of Real Estate Regulatory Authority Act. In a recent case against Orbit Developer for not completing the project on time, the Bombay High Court awarded control of project to home buyers and not lenders which is a key concern that lenders have raised.

RComm to slice base prices of 4G,3G,2G packs: 

The company plans to cut 4G data price to Rs 49 from Rs 149 for 1 GB data, slash 3G prices to Rs 99 per month for unlimited data and revise 2G prices to Rs 49 per month for unlimited data, say sources. RComm to slice base prices of 4G,3G,2G packs: Sources In continuation to the pricing war in the telecom space, Reliance Communication is set to cut all 4G, 3G, 2G service rates to the lowest in the industry.These are permanent price cuts and not promotional offers. The company plans to cut 4G data price to Rs 49 from Rs 149 for 1 GB data, slash 3G prices to Rs 99 per month for unlimited data and revise 2G prices to Rs 49 per month for unlimited data.

Delhi govt impounds 50 taxis for surge pricing Transport Minister 

Gopal Rai also announced a dedicated helpline for passengers to lodge complaints against those violating the Delhi government's directive against surge pricing. Hundreds of calls were received on the helpline number since the morning. Delhi govt impounds 50 taxis for surge pricing The Delhi government impounded over 50 taxis of app-based cab aggregators such as Uber for invoking surge pricing in a drive that continued late into the night, a day after Chief Minister Arvind Kejriwal warned of strong action. Transport Minister Gopal Rai also announced a dedicated helpline for passengers to lodge complaints against those violating the Delhi government's directive against surge pricing. Hundreds of calls were received on the helpline number since the morning. "If any cab is charging extra money in the name of surge pricing please call 01142400400. 

Sebi studying global markets to improve norms for 

AIFs Sebi is studying the regulatory framework in overseas jurisdictions for alternative investment funds (AIFs) as the watchdog looks to improve existing norms for such class of investors. Sebi studying global markets to improve norms for AIFs Sebi is studying the regulatory framework in overseas jurisdictions for alternative investment funds (AIFs) as the watchdog looks to improve existing norms for such class of investors. "We are studying particularly important jurisdictions like the US, Australia or New Zealand to find out how the accredited investors have defined what are the kind of crucial treatment and what are the risks with these investors. "The process is still on but this is going to be a very modern step. Sebi will be working on this and definitely look forward for further suggestions," Sebi Whole Time Member G Mahalingam said at an IVCA event. AIFs are funds established or incorporated in India for the purpose of pooling in capital from Indian and foreign investors for investing as per a pre-decided policy. Accredited investors can add a lot of value to the AIF industry, Mahalingam was quoted in a statement issued by Indian Private Equity & Venture Capital Association (IVCA).

Sebi exempts NIIT promoters' trusts from making open offer

 Exemption has also been extended to the two trusts with respect to NIIT Technologies. Sebi exempts NIIT promoters trusts from making open offer Sebi exempted two private family trusts, set up by the promoters of NIIT, from making an open offer to the company's public shareholders. Exemption has also been extended to the two trusts with respect to NIIT Technologies . NIIT is a leading IT training solutions provider while NIIT Technologies is an IT firm. Thadani and Pawar families are among the promoters of both companies. The exemption from making open offers have been given to Thadani Family Trust -- represented by its trustee Vijay Kumar Thadani -- and Pawar Family Trust. The latter is represented by its trustee Rajendra Singh Pawar. In both companies, Thadani Family Trust and Pawar Family Trust are to acquire the shares issued by Global Consultancy and PIPL Consultancy, respectively. Once the two trusts complete these acquisitions, their holdings in NIIT and NIIT Technologies would breach the 25 percent threshold. When shareholding of entity cross the 25 percent threshold, then it is required to make an open offer for the public shareholders under the Sebi regulations. The two trusts' shareholding would be 30.99 percent in NIIT after the indirect acquisition of shares, while in the case of NIIT Technologies, it would be 30.80 percent.