i. Securities and Exchange Board of India, SEBI has banned 21 entities in a case related to tax evasion and illegal gains through misuse of stock exchange mechanism.
ii. Sebi in an interim order dated June 1 had barred Dhyana Finstock and 75 other entities, including the above 21, from the market for using the securities system to artificially bump up volume and price of the scrip to provide illegitimate gains to preferential allottees.

CCEA approved revision of ethanol prices for public sector OMCs
i. The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the mechanism for revision of ethanol price for supply to Public Sector Oil Marketing Companies (OMCs)
ii. The revised administered price will facilitate OMCs to carry out the Ethanol Blended Petrol (EBP) Programme for the next sugar season 2016-17.
iii. Additionally, charges will be given to the ethanol suppliers as per actuals in case of Excise Duty and VAT/GST and transportation charges as decided by OMCs.