Govt. Approves Direct Listing on GIFT IFSC Exchanges
The government has approved the direct listing of securities by public Indian companies on international exchanges of GIFT IFSC, a move that will boost foreign investment flows, unlock growth opportunities and broaden the investor base for Indian companies. The Department of Economic Affairs (DEA) in the Ministry of Finance has amended Foreign Exchange Management (Non-debt […]
Pension Authorities to Ensure 100% Digital Life Certificate Submission
The Department of Pension & Pensioners’ Welfare has launched a nationwide Digital Life Certificate (DLC) Campaign 2.0 from 1st to 30th November, 2023, to facilitate the submission of Jeevan Pramaan by Central Government pensioners. The campaign aims to enhance the ease of living for pensioners and reduce their hardships in obtaining the life certificate. What […]
CSIR-Human Resource Development Centre Signs MoUs with Skill Councils
The CSIR-Human Resource Development Centre (CSIR-HRDC), Ghaziabad (UP) has signed a collaborative Memorandum of Understanding (MoU) with four Sector Skill Councils (SSCs) – Agriculture Skill Council of India (ASCI), Capital Goods & Strategic Skill Council (CGSSC), Hydrocarbon Sector Skill Council (HSSC) and Life Sciences Sector Skill Development Council (LSSSDC). The MoU aims to create an […]
CCI Approves Merger of Fincare Small Finance Bank with AU Bank
The Competition Commission of India (CCI) has given its nod to the merger of Fincare Small Finance Bank Limited (Fincare) and AU Small Finance Bank Limited (AU), creating one of the largest small finance banks in the country. The merger, which was announced in October 2023, is expected to be completed by March 2024, subject […]
Lentil Gets Highest MSP at Rs 425 per Quintal: Cabinet Decision
Lentil, also known as masur, is one of the most important pulse crops in India. It is rich in protein, iron, and dietary fibre, and contributes to food security and nutrition. India is the second-largest producer of lentil in the world, after Canada, and accounts for about 25% of the global production. The Indian government […]
RBI Report: Panchayats Should Reduce Dependence on Grants
The Reserve Bank of India (RBI) has released a report on the finances of Panchayati Raj Institutions (PRIs) on January 24, 2024. The report analyses the revenue and expenditure patterns of PRIs across states and suggests ways to improve their financial autonomy and accountability. Grants are the main source of revenue for PRIs The report […]
NITI, Agri Ministry, FAO Launch Climate Resilient Agrifood Forum
NITI Aayog, Ministry of Agriculture and Farmers’ Welfare and FAO launch Investment Forum for Advancing Climate Resilient Agrifood Systems in IndiaThe forum aims to develop an investment and partnership strategy to advance climate resilient agrifood systems among the government, private sectors, and farmers’ organisations, and financial institutions in India. India is one of the most […]
Survey: 44% Investors Fueling Startup Growth in Tier II, III Cities
A recent survey by Primus Partners, a management consulting firm, revealed that 44% of investors have actively participated in supporting startups within Tier 2 and 3 cities in India, indicating a keen interest in the untapped potential of emerging markets. The survey also found that 64% of investors have directed their investments towards technology-based startups, […]
Sebi’s Disclosure Norms: No Major Impact on FPIs
Sebi, the market regulator of India, has issued new disclosure norms for foreign portfolio investors (FPIs) that have high exposure to a single corporate group or significant overall holdings in India. The norms are aimed at preventing the circumvention of regulatory requirements such as takeover rules and minimum public shareholding norms by FPIs. However, sources […]
SoftBank Sells Additional 2% Stake in Paytm
SoftBank, the Japanese investment giant, has sold an additional 2% stake in Paytm’s parent company One97 Communications over the last month through open market operations, according to media reports. The investor has reduced its stake in the fintech giant from 13.24% at the beginning of FY24 to just a little over 5%, earning about Rs […]