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Sebi to hit cinema screens to spread investor awareness

New Delhi

To spread investor awareness and financial education, markets regulator Securities and Exchange Board of India (SEBI) plans to explore cinema advertising and digital platforms for its advertising campaigns, including those on ponzi menace and dabba trading.

Besides, the regulator also plans to undertake financial market education and training programmes for specific target groups such as teachers and police officials.

As part of its mass media campaign, SEBI has so far carried one campaign on its Investor Grievance Redressal Mechanism and six on on unregistered collective investment schemes and ponzi menace.

Some new campaign relate to 'dabba trading' and to ASBA (Applications Supported by Blocked Amount) facility that allows money to remain in the investor's account till shares are actually allotted to him or her in public offers.

In the current financial year, SEBI would run campaigns on various media platforms, including on TV channels, radio and print, on these new topics as well as on ponzi schemes.

This fiscal, SEBI also plans to increase the number of various education and awareness programs through Resource Persons workshops and through Investor Associations, by over 30 per cent and 20 per cent, respectively.

To meet this objective, SEBI would empanel new Resource Persons across the country, while its Regional Offices have been asked to ensure at least one Resource Person per district. Besides, refresher training of the eligible RPs is proposed to be undertaken under all the offices.

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Experts, industry flay tax on govt services

The Goan Network
Published May 2, 2016, 12:00 AM IST
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PTIMumbai Industry bodies and advisory firms have raised objections to the new service tax on government services, saying the move may lead to a lot of disputes. “The imposition of service tax on government services is going to increase cascading impact of taxation front and also given that the entire concept is so vague, this is going to generate a large number of disputes,” EY Partner Uday Pimprikar told PTI. Budget 2017 widened the service tax net to include services that…

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