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 […]
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 […]
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 […]
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 […]
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 […]