FII investments cross $3-bn on Dalal Street
Mumbai: FII investments in Indian stock markets have crossed the $3 billion mark till date this year taking their total net investment in the country to over $52 billion.

However, net inflows from foreign institutional investors in the current year is over $1 billion less than the amount invested during the corresponding period of the previous year.

More than half of the net investment by FIIs this year was in April alone, as the overseas investors returned to the bourses after the Sensex regained the 14,000 levels.
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FinMin, SEBI disagree over RTI on stock exchanges
New Delhi: SEBI and Finance Ministry have come up with conflicting opinions over the applicability of Right to Information (RTI) Act on stock exchanges.

The view expressed by Securities and Exchange Board of India before the full bench of Central Information Commission (CIC) on bourses "public authorities" is contrary to the opinion of Department of Economic Affairs (DEA).

The DEA has been maintaining that stock exchanges are not "public authorities" as defined in the RTI Act because they are regulated by SEBI and not the government.

The CIC, headed by Chief Information Commissioner Wajahat Habibullah, which is hearing the RTI appeal, has to decide whether stock exchanges can be brought within the purview of the legislation.

The appeals came before CIC after Bombay Stock Exchange, National Stock Exchange and Jaipur Stock Exchange turned down the plea of brokers and investors seeking information about alleged market fraud that caused them losses as well as details about a broker who allegedly played foul.

NSE opposed the application maitaining that it cannot be treated as a "public authority" as the government did not have any control over its affairs. The bourse, through its counsel, has sought ten days for making detailed submission before CIC.
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