YES BANK: First Indian Bank on RXIL’s ITFS Platform
Yes Bank has become the first Indian bank to execute an export finance transaction on the International Trade Financing Services Platform (ITFS) of RXIL Global IFSC Limited (RXIL), a leading cross-border fintech company registered under the International Financial Services Centres Authority (IFSCA) . This strategic partnership facilitates arranging credit for exporters and importers from both […]
Canada’s 2-Year Visa Cap: Implications for Indian Students
Canada has recently introduced a new policy that limits the number of international student visas to be issued over the next two years. The cap is aimed at addressing the housing crisis and targeting problematic institutions that exploit international students. However, the policy could also have negative consequences for Indian students who see Canada as […]
MHA Issues Cybersecurity SoP Amidst Rising Honey Trap Cases
The Ministry of Home Affairs (MHA) has issued guidelines for government employees to protect them from honey trap and social engineering attacks that aim to extract sensitive information from them. The guidelines cover various aspects of cybersecurity, such as reporting suspicious contacts, avoiding unknown dating sites, and following standard operating procedures. What is honey trapping? […]
Gold, Silver Coin Import Duty: Centre Announces 15% Hike
The government has announced an increase in import duties for gold and silver findings, as well as coins made of precious metals. The new duty rate is 15%, which includes a Basic Customs Duty (BCD) of 10% and an Agriculture Infrastructure and Development Cess (AIDC) of 5%. However, this increase does not apply to the […]
Nova Agritech IPO: Key Points Before You Subscribe Today
Nova Agritech Ltd, a Hyderabad-based company that manufactures and markets products for soil health, plant nutrition and crop protection, is launching its initial public offering (IPO) today. The issue will close on January 25, 2024. Here are some key points to know before you subscribe:
Sony’s $10B Deal in India: Why It Failed
Sony India Deal Failed: Reasons and Consequences Sony Group Corp has called off its $10 billion merger with Zee Entertainment Enterprises Ltd (ZEEL), one of India’s largest media conglomerates, due to a leadership dispute and a regulatory probe. The deal, which was announced in 2021, would have created an entertainment giant with over 100 channels […]
India Surpasses Hong Kong: Now 4th Largest Stock Market
India has achieved a new milestone in its stock market, surpassing Hong Kong in terms of the total value of shares listed on its exchanges. According to Bloomberg data, India’s stock market capitalization reached $4.33 trillion as of Monday, January 22, 2024, while Hong Kong’s stood at $4.29 trillion. This makes India the fourth-largest equity […]
PM’s Suryodaya Yojana: 10M Rooftop Solar Homes
What is Suryodaya Yojana and why is it important? Pradhanmantri Suryodaya Yojana is a scheme launched by Prime Minister Narendra Modi on January 22, 2024, immediately after his visit to Ayodhya for the consecration of Ram temple . The scheme aims to install rooftop solar systems in 10 million (1 crore) houses across India, especially […]
Rodtep Reimbursements: Govt’s Documentation Strategy
The RoDTEP (Remission of Duties and Taxes on Export Products) scheme is a new initiative by the Indian government to boost exports and make them more competitive in the global market. The scheme aims to refund the embedded taxes and duties that were previously non-recoverable by the exporters. The scheme covers all sectors, including textiles, […]
Razorpay POS: Instant Refunds for Failed UPI Transactions
Razorpay POS, India’s leading omnichannel payments and banking platform for businesses, has launched a revolutionary feature that will enhance the in-store payment experience for customers and merchants alike. The feature, called instant refunds, will allow customers to receive refunds for failed UPI transactions within 2 minutes, instead of the industry standard of 5 to 6 […]