FEMA – Clarification – Purchase of Immovable Property in India – Reporting requirement. Investor Grievance Redressal Mechanism at Stock Exchanges – Circular No. CIR/MIRSD/2/2012 – Dated – February 15, 2012. Indians deposited over $500bn black money in banks abroad- CBI. Carbon credit prices crash, companies hit. RBI to wait for Budget proposals before rate-cut. Black money estimates lack evidence: Switzerland. Sebi not to tweak rules for SMEs' sake. Income tax for charitable entities may be tightened. RBI hikes bank rate after nine years to 9.5%.