The Comptroller and Auditor General of India (CAG) audits all financial transactions of the Central and State governments, including funds, deposits, and debts. Additionally, the CAG advises the President on record-keeping processes for both the Centre and the States.The Indian Railways, regarded as the backbone of the country’s transport infrastructure, is under scrutiny due to …
On August 10, 2024, Hindenburg Research, a US-based short seller firm, made a fresh allegation involving Adani Group and the SEBI Chairman, Madhuri Buch. The firm alleged that SEBI chairperson Madhabi Puri Buch and her husband Dhaval Buch had a stake in obscure offshore entities used in Adani’s ‘money siphoning scandal’. Joint Statement by Madhabi …
The Reserve Bank of India (RBI) decided to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.50 % based on an assessment of the current and evolving macroeconomic situation. The Standing Deposit Facility (SDF) rate has been maintained at 6.25%. The Bank Rate also stays unchanged at 6.75%. Four out …
The Securities and Exchange Board of India (SEBI) has fined Nippon Life India Asset Management Ltd (AMC) (AMC) and Nippon Life India Trustee Ltd for violating regulations related to Total Expense Ratio (TER) charging. The regulator fined the AMC ₹2 lakh and the trustee ₹1 lakh for charging TER of various schemes to the AMC’s …
Introduction: A Milestone in Indian Financial Markets The National Stock Exchange of India (NSE) celebrated a significant milestone as it crossed the 10 crore (100 million) unique investor mark. This achievement is not just a testament to the growth of the NSE but also a reflection of the evolving investment landscape in India. In this …
India is among the largest consumers of gold in the world. Hence any new development in the bullion industry attracts immediate attention. One of the most recent events was the announcement of a new regulatory body and framework for the bullion industry. The Indian bullion industry has recently announced the creation of a self-regulatory body, …
Foreign Portfolio Investment (FPI) refers to the purchase of foreign financial assets, including fixed deposits, stocks, and mutual funds. These investments are held passively by the investors, who are termed Foreign Portfolio Investors. Foreign Portfolio Investment (FPI) in the Indian stock market is a crucial component of the country’s financial landscape. FPI refers to investments …
In a bid to regulate the burgeoning finfluencer landscape, the Securities and Exchange Board of India (SEBI) has unveiled a consultation paper proposing significant relaxations in the Research Analyst (RA) and Investment Advisor (IA) Regulations. This move comes on the heels of concerns over the increasing number of unregistered financial influencers operating as advisors. SEBI’s …
The Reserve Bank of India (RBI) proposed some new rules for managing the risks associated with algo-based lending. Regulated Entities (REs) utilise models throughout the credit management life cycle for borrower selection, credit scoring, pricing, risk management, and credit loss provisions. The draft circular from RBI, ”Regulatory Principles for Management of Model Risks in Credit”, …
Introduction Japan’s yen hit mid-January highs around 145.28 in Monday’s intraday deals, extending its recent appreciation against the US dollar. Japan’s currency has appreciated by 10 percent against the dollar in just over three weeks, partly driven by the Bank of Japan’s (BoJ’s) 15-basis points rate hike to 0.25 percent last week. Earlier, on March …
