India

Crypto / Digital Assets

India Passes Legislation to Implement 30pc Crypto Tax

By Editors | 01/04/2022

Traders will not be able to offset losses against profits. A 1 percent tax will also be deducted at source for trading over INR 50,000 in a year.

Securities / Derivatives

SEBI Proposes to Shorten Timelines for Open Offers, Buybacks

By Editors | 31/03/2022

The proposed changes include a shorter time period during which an open offer or buyback offer can remain open, from 10 days to 5 days.

ESG / Sustainability

Indian Banks ‘Unprepared’ to Fight Climate Change: Report

By Editors | 31/03/2022

A report from Climate Risk Horizons finds that most Indian banks have not yet factored climate change into their business strategies.

Fintech / Regtech

RBI to Require Geo-Tagging of Payment System Touch Points

By Editors | 31/03/2022

Banks and payment system operators will have to capture, maintain and report the geographical coordinates of all payment touch points deployed by merchants.

Securities / Derivatives

SEBI to Allow Exchanges to Offer Commodity Index Options

By Editors | 29/03/2022

SEBI has set out a product design and risk management framework that should be used by exchanges looking to offer such products.

Fintech / Regtech

RBI Establishes Innovation Hub to Promote Fintech Innovation

By Editors | 27/03/2022

RBI governor Shaktikanta Das said the underlying focus of the innovation hub will be to promote inclusive access to financial services and products.

Enforcement

SEBI Probes Investment Banks Over Possible Insider Trades

By Editors | 27/03/2022

SEBI’s new AI-based surveillance systems have detected possible insider trades by related parties of investment bankers.

Securities / Derivatives

NSE, BSE Harmonise Industry Classification Structure for Listed Firms

By Editors | 26/03/2022

The India Industry Classification will come into effect from 31 March, harmonising industry classifications of companies listed and traded on NSE and BSE.

Securities / Derivatives

India Suspends Plan to Allow Direct Overseas Listings

By Editors | 25/03/2022

Domestic companies can only list overseas after first listing in India. Rule changes that would have allowed direct overseas listings have reportedly been suspended.