Current Affairs India - 29 March 2014

1. The Securities and Exchange Board of India (SEBI), Capital market regulator, has got back the power to act against ponzi schemes, illegal deposit schemes and assess call data records in securities-related offences, besides others. The Finance Ministry managed to get the nod of the Election Commission and Cabinet on re-promulgation of the SEBI Ordinance and finally from the President.

This Ordinance lapsed on January 17 after the Government failed in getting the Securities (laws) Amendment Bill passed in the monsoon, winter and extended winter session of the 15th Lok Sabha, which was adjourned sine die on February 21 and finally prorogued.