India

    India Establishes New Disclosure Framework for CSR Spending

    By Ranamita Chakraborty | 16/02/2022

    The Ministry of Corporate Affairs has released a new form for companies to use when reporting information on their CSR spending.

    Securities / Derivatives

    RBI Allows Banks to Deal in Foreign Currency Settled OIS

    By Editors | 15/02/2022

    AD Cat-I banks are eligible to offer foreign currency settled overnight indexed swaps to persons not resident in India as well as to other AD Cat-I banks.

    Securities / Derivatives

    RBI Finalises Master Directions for Credit Derivatives Market

    By Manesh Samtani | 14/02/2022

    The revised directions are aimed at helping to develop more liquidity in the corporate bond market, especially for the bonds of lower-rated issuers.

    Securities / Derivatives

    SEBI Revises Format for Abridged Prospectus Disclosures

    By Editors | 13/02/2022

    The format has been revised to offer greater simplicity, clarity and consistency in the disclosures, and to ensure additional critical information is provided to investors.

    Securities / Derivatives

    SEBI Directs Fund Managers to Constitute Audit Committees

    By Sanday Chongo Kabange | 12/02/2022

    AMC audit committees will have obligations to review findings of suspected fraud, irregularities, internal control failures, and other issues highlighted by whistleblowers.

    Securities / Derivatives

    RBI Raises Cap on FPI Investment in Debt Securities

    By Editors | 11/02/2022

    The INR 1.5 trillion limit on FPI investment via the ‘Voluntary Retention Route’ has been nearly exhausted. The new INR 2.5 trillion limit takes effect on 1 April.

    Securities / Derivatives

    India Mutual Funds to Start Ind AS Reporting from April 2023

    By Editors | 10/02/2022

    From 1 April 2023, all AMCs will be required to prepare the financial statements in accordance with Indian Accounting Standards, known as Ind AS.

    SEBI Introduces New Framework for Special Situation Funds

    By Editors | 04/02/2022

    Special situation funds can invest in stressed loans, security receipts issued by ARCs, or securities of distressed investee companies.

    Fintech / Regtech

    India to Introduce Digital Rupee in Coming Fiscal Year

    By Manesh Samtani | 03/02/2022

    Finance minister Nirmala Sitharaman said the RBI will introduce a CBDC in the coming fiscal year and crypto profits will be taxed at 30 percent.

    Market Infrastructure

    SEBI Temporarily Suspends Overseas Investments by Mutual Funds

    By Editors | 02/02/2022

    The mutual fund industry is reportedly close to breaching a USD 7 billion industry-wide limit on overseas investments.

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