RBI’s New Directive: Enhancing Transparency in NCDs and CPs Funding
The Reserve Bank of India (RBI) has recently introduced revised guidelines for the issuance of commercial papers (CPs) and non-convertible debentures (NCDs) of up to one year. This move aims to regulate short-term investments and enhance transparency in the market. The new norms, effective from April 1, 2024, mandate issuers to clearly specify the end […]
DPIIT Secy reveals plans for third party assessment of white goods PLI scheme
The government has announced that it will undertake a third party assessment of the Production Linked Incentive (PLI) scheme for white goods, which aims to boost domestic manufacturing and attract large investments in the sector. The assessment will be to see whether the stated objective of the scheme – that intends to make India a […]
AI and GenAI under the scanner: Centre to amend IT Rules
The Centre is likely to amend the Information Technology (IT) Rules, 2021 to regulate the use of artificial intelligence (AI) and generative AI (GenAI) in India, according to a report by The Economic Times. The report cites unnamed sources who claim that the government is concerned about the potential misuse and abuse of AI and […]
Reliance Industries: Transforming Plastic Waste Management with ISCC-Plus Certification
Reliance Industries, India’s largest private sector company, has achieved a major milestone in its efforts to promote circular economy and reduce plastic waste. The company has become the first in India to chemically recycle plastic waste-based pyrolysis oil into International Sustainability and Carbon Certification (ISCC)-Plus certified circular polymers . Pyrolysis oil is a product of […]
SBI Goes Global for Green: Raises $1 Billion to Boost India’s Environmental, Social, and Governance Portfolio
State Bank of India (SBI) has entered the social loan market by raising $1 billion from overseas markets, the bank announced on Tuesday. The loan is the largest ESG (Environmental, Social and Governance) loan raised by a commercial bank in the Asia Pacific region and the second-largest social loan globally. The loan consists of $500 […]
Rising Tide of Complaints: RBI Takes Action Against Credit Bureaus
The Reserve Bank of India (RBI) has recently taken significant steps to address the increasing number of customer complaints against Credit Information Companies (CICs). This move reflects the RBI’s commitment to ensuring the accuracy and reliability of credit reporting in India, which plays a crucial role in the country’s financial system. Key Developments and RBI’s […]
elangana Takes Off: Adani Group Rockets in with Data Centre and Aerospace Park
The Adani Group, a prominent Indian multinational conglomerate, has recently taken a significant step towards expanding its operations in the state of Telangana. This move involves the establishment of a data center and an aerospace park, as confirmed by discussions between the group’s representatives and the Telangana government. Key Highlights of the Adani Group’s Expansion […]
India’s Strategic Maneuver to Shift Global Supply Chains from China
New Delhi, 2024 – India’s economic landscape is undergoing a transformative shift, with the Budget 2024 heralding a new era. Poised to challenge China’s supply chain dominance, India is emerging as a formidable contender in the global market. The country’s strategic focus on diversifying supply chains and bolstering its electronics manufacturing capability plays a central […]
EU Solidarity: France and Germany Pledge 100 Million Euros to Support India’s AMRUT Urban Infrastructure Project
The recent announcement by France and Germany to provide a €100 million loan for India’s Atal Mission for Rejuvenation and Urban Transformation (AMRUT) 2.0 marks a significant development in international cooperation for sustainable urban development. This financial assistance is a substantial commitment towards enhancing urban infrastructure in India, particularly focusing on sewerage and septage management […]
Policy Push: India’s PLI Greenlights Growth for Ola Electric, Boosting Domestic EV Manufacturing
la Electric’s recent achievement in obtaining the Production Linked Incentive (PLI) certification marks a significant milestone in the Indian electric vehicle (EV) industry. This recognition places Ola Electric at the forefront of the nation’s push towards sustainable and innovative transportation solutions. The PLI scheme, introduced in 2021 by the Indian government, aims to boost domestic […]