In a press release, CFMA said the judiciary is the only hope for over three crore unitholders of various mutual fund schemes in the country, including those who had invested in Franklin Templeton schemes.
The development comes days after Amazon petitioned the Delhi High Court to block the Future Group from selling retail assets to Reliance Industries and sought detention of Biyani and family members.
The Economic Survey presented in Parliament on Friday expressed concern over lower sovereign rating assigned by agencies like Fitch, S&P and Moody's to India despite its strong economic fundamentals.
From corporate tax relief to real estate, key focus areas that can make this annual exercise truly for the masses during this 'once in a century crisis'.
India is considering revising the rules after traders in the country accused Amazon's Indian division and Walmart's Flipkart of creating complex structures to bypass investment regulations, Reuters reported this month.
Its total income increased to Rs 24,416 crore from the year-ago's Rs 23,638 crore, while the total expenditure was lower at Rs 15,596 crore as against Rs 16,089 crore.
Taiwan's tradedependent economy could grow more than 4% this year on the back of booming demand for its tech products as long as the COVID19 pandemic remains under control, Economy Minister Wang Meihua said on Saturday.
