SEBI Halves Minimum Issue Size on SSE to Rs 50 Lakh: Boosting NPO Fundraising
SEBI has announced a 50% reduction in the minimum issue size for NPOs fundraising on the SSE, bringing it down from Rs 1 crore to Rs 50 lakh. This applies to the public issuance of Zero Coupon Zero Principal Instruments (ZCZP).
India’s Fiscal Strategy: Rs 30,000 Crore Government Securities Auction Set for December 1
The Indian government has planned to auction government securities valued at Rs 30,000 crore on December 1, 2023, as part of its borrowing program to meet funding needs.
India and EU Sign Landmark Semiconductor Agreement: A New Era of Cooperation Begins
This significant agreement, aimed at bolstering the resilience of semiconductor supply chains, was signed on November 25th in New Delhi by India’s Minister of Electronics, IT, and Communications, Ashwini Vaishnaw, and the European Commissioner for Internal Markets, Thierry Breton.
Government to Invest ₹30,000 Crore to Expand Crop Insurance Portal Coverage: A Boon for Farmers
The Indian government’s investment of ₹30,000 crore (approximately US$ 3.60 billion) in expanding the Pradhan Mantri Fasal Bima Yojana (PMFBY) portal represents a significant commitment to enhancing the country’s agricultural resilience and supporting farmers.
Digital Innovation Meets MSME Expertise: Mastercard and U GRO Capital Partner for Growth
This collaboration aligns with Mastercard’s global mission of driving financial inclusion. Mastercard has committed to integrating one billion people and 50 million micro and small businesses, including 25 million female entrepreneurs, into the digital economy by 2025
Empowering MSMEs, Expanding Markets: DGFT-E-commerce Partnership Fosters Export Success
The DGFT’s collaboration with Amazon India serves as the first example of this initiative. Under the MoU, Amazon and DGFT will jointly develop capacity-building activities, training, and workshops for MSMEs in designated districts. The initiative aims to connect local producers with global supply chains, focusing on remote and rural areas, and enable exporters and MSMEs to sell their “Made in India” products abroad.
RBI Steps In: Abhyudaya Cooperative Bank’s Board Superseded for 12 Months
the Reserve Bank of India (RBI) has taken the decision to supersede the Board of Directors of Mumbai-based Abhyudaya Cooperative Bank for a period of 12 months.
Sebi Enhances Trading Plan Framework: Insiders Gain More Control, Investors Get More Information
Sebi’s proposal aims to make it easier for senior management and Key Managerial Personnel (KMP), who often possess UPSI, to trade in securities compliantly.
RBI’s Crackdown on Non-Compliance: Citibank, Bank of Baroda, and IOB Face Penalties of ₹10.34 Crore
The Reserve Bank of India (RBI) has imposed significant penalties on three major banks — Citibank, Bank of Baroda (BOB), and Indian Overseas Bank (IOB) — for a total of ₹10.34 crore due to non-compliance with various banking regulations.
The Big Selloff: Analyzing the 10-Year Low in FPI Holdings in India
As of November 2023, the aggregate holdings of FPIs in Indian stocks have decreased to ₹54.5 trillion, representing only 16.6% of overall Indian equities. This is the lowest level since 2012.