Financial Daily from THE HINDU group of publications
Wednesday, May 08, 2002
Financial Daily from THE HINDU group of publications Wednesday, May 08, 2002 |
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Government
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Policy Money & Banking - Securitisation Cabinet nod for securitisation law Our Bureau
NEW DELHI, May 7 THE Union Cabinet is understood to have approved enacting the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Bill 2002. This aims to makes financial assets (loans, advances and other receivables) of banks and financial institutions easily marketable. It is also understood to have approved the Cable Television Network (Regulation) Act 1995. This amendment is an enabling provision which will give power to the Government to make it mandatory to have set top box for pay channel only.
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