SEBI Reinforces Ban on Naked Short Selling and Day-Trading; Enhances Disclosure Rules
The Securities and Exchange Board of India (SEBI) has announced major reforms in the trading rules to curb market manipulation and enhance transparency. The regulator has reiterated its ban on naked short selling, where the seller does not own the stock at the time of the trade, and has prohibited day trading by institutional investors, […]
India’s Expectation: ₹33,343 Crore Investment and 3 Lakh Jobs from 91 Coal Mines Auction
The Ministry of Coal, Government of India, has launched the ninth round of commercial coal mine auctions on December 20, 2023, offering up to 26 blocks to bidders. This is the latest in a series of auctions that aim to make India self-reliant in the energy sector and create employment opportunities for millions of people. […]
Central Electricity Regulator’s New Tariff Norms: Analysts Predict Positive Impact on Power Sector
The Central Electricity Regulatory Commission (CERC) has recently unveiled its draft tariff regulations for the period 2024-29, which are expected to have a positive impact on the power sector players, especially the thermal power generators and transmission companies. The draft regulations aim to improve the operational efficiency, financial viability and environmental performance of the power […]
Centre’s Proposed Increase of Rs 12-14k Crore for MGNREGS This Fiscal
The Centre has sought the approval of the Parliament to spend an additional Rs 14,524 crore on the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS) in the current financial year, 2023-24. This is part of the first batch of supplementary demands for grants, which seeks permission to spend a gross Rs 1.29 lakh crore […]
India’s Path to Becoming a Global Gaming Nation: A Decade-Long Prediction by Nitish Mittersain
India is on the brink of becoming a global gaming powerhouse, a transformation predicted by Nitish Mittersain, the joint MD and CEO of Nazara Technologies. The country’s gaming industry is evolving rapidly, driven by a combination of technological advancements, increasing adoption among consumers, and the burgeoning demand for mobile gaming. As of now, India boasts […]
RBI Updates Definition of Politically-Exposed Persons for KYC Norms
The Reserve Bank of India (RBI) has revised the definition of politically-exposed persons (PEPs) for the purpose of Know Your Customer (KYC) norms. The new definition is based on the recommendations of the Financial Action Task Force (FATF), an inter-governmental body that sets standards for combating money laundering and terrorist financing. Who are PEPs? According […]
COAI Advocates for OTT Players to Contribute to Network Costs
The Cellular Operators Association of India (COAI), the industry body representing telecom operators, has urged the government to create a regulatory framework that would require over-the-top (OTT) players to share the network costs of telecom firms. OTT players are those who provide online services such as messaging, video streaming, gaming, etc. over the internet without […]
Adidas’s First Asia GCC Finds a Home in Tamil Nadu, Not China
Adidas, the global sportswear giant, has chosen Tamil Nadu as the location for its first Global Capability Center (GCC) in Asia. The GCC, which will be operational by mid-2024, will provide digital and technology services to Adidas’s global operations. Why Tamil Nadu? According to Adidas, Tamil Nadu was selected for its talent pool, infrastructure, business […]
India-UK Trade Deal: The Social Security Conundrum in Focus
The ongoing negotiations for the proposed Free Trade Agreement (FTA) between India and the UK have reached a crucial stage as they enter the 14th round, with the issue of social security emerging as a significant point of contention. The discussions, which started in January 2022, aim to strengthen the economic ties between the two […]
Rajasthan’s Ancient Tankas Reimagined: A MGNREGA Success Story
The traditional tankas of Rajasthan are earthen rainwater storage tanks that have been used for centuries by the people of Barmer district and other parts of western Rajasthan to collect water received during showers between July and September. These tankas have a capacity of 20,000 to 40,000 litres and can meet the drinking water needs […]