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Finance, Banking & Insurance

Finance, Banking & Insurance

News   -   Nov 12, 2024 Finance Minister to Hold GST Council, Budget Meetings on December 21-22
Finance Minister to Hold GST Council, Budget Meetings on December 21-22

Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on

by Amal Anzari
News   -   Nov 12, 2024 RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake
RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake

The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold

by Amal Anzari
News   -   Nov 08, 2024 Foreign Capital Retreat Hits Finance and Energy Markets
Foreign Capital Retreat Hits Finance and Energy Markets

In October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at

by Daanish Narayan
News   -   Oct 24, 2024 SEBI Chairperson Skips PAC Meeting
SEBI Chairperson Skips PAC Meeting

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), failed to appear before the KC Venugopal-led Public Accounts Committee (PAC) citing personal reasons. The committee was adjourned following her absence. The BJP members who had earlier questioned Venugopal’s decision to summon her, met Lok

by Daanish Narayan
News   -   Oct 22, 2024 Highest Foreign Portfolio Investment Sell-Off in a Month
Highest Foreign Portfolio Investment Sell-Off in a Month

International investors have taken out ₹81,000 crore ($962 million) from the Indian equity market so far in October, which is the most in a month. The recent risk-off mentality among international fund managers has been heightened by concerns about market valuations following a downturn in earnings and a resurgence

by Daanish Narayan
Finance, Banking & Insurance   -   Oct 18, 2024 RBI to Ease Cross-Border Payments
RBI to Ease Cross-Border Payments

The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.

by Amal Anzari
Finance, Banking & Insurance   -   Oct 18, 2024 RBI Governor Warns NBFCs Over Unsustainable Growth Practices
RBI Governor Warns NBFCs Over Unsustainable Growth Practices

BI Governor Das cautioned non-banking financial companies (NBFCs) against using unsustainable strategies to drive growth. He urged NBFCs, including microfinance institutions (MFIs) and housing finance companies (HFCs), to prioritise sustainable goals, risk management, and customer satisfaction, while maintaining a “compliance-first” culture.

by Amal Anzari
News   -   Oct 09, 2024 RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral
RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral

The Reserve Bank of India (RBI) shifts monetary policy stance to neutral. Repo rate unchanged at 6.5%, brings relief to lenders.

by Daanish Narayan
Finance Minister to Hold GST Council, Budget Meetings on December 21-22
News   -   Nov 12, 2024 Finance Minister to Hold GST Council, Budget Meetings on December 21-22

Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on

by Amal Anzari
Finance, Banking & Insurance Articles 11 Articles
News   -   Nov 12, 2024 Finance Minister to Hold GST Council, Budget Meetings on December 21-22
Finance Minister to Hold GST Council, Budget Meetings on December 21-22

Finance Minister Nirmala Sitharaman will meet with State Finance Ministers on December 21-22 for pre-budget consultations and the Goods and Services Tax (GST) Council meeting. The Council is expected to discuss the proposed exemption or reduced GST rates on health and life insurance, following recent recommendations to exempt premiums on

by Amal Anzari
News   -   Nov 12, 2024 RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake
RBI Sets Rules for Foreign Portfolio Investors Exceeding 10% Stake

The Reserve Bank of India (RBI), in consultation with the Government of India and the Securities and Exchange Board of India (SEBI), has issued rules for Foreign Portfolio Investors (FPIs) whose stakes in Indian companies surpass 10%. Under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019, FPIs breaching this threshold

by Amal Anzari
News   -   Nov 08, 2024 Foreign Capital Retreat Hits Finance and Energy Markets
Foreign Capital Retreat Hits Finance and Energy Markets

In October 2024, foreign institutional investors (FIIs) sold banks and other financial equities worth roughly ₹26,139 crore ($3.15 billion), withdrawing ₹1,13,859 crore ($13.72 billion) from India's secondary market. According to the National Securities Depository Limited (NSDL) statistics, oil and gas stocks valued at

by Daanish Narayan
News   -   Oct 24, 2024 SEBI Chairperson Skips PAC Meeting
SEBI Chairperson Skips PAC Meeting

Madhabi Puri Buch, the chairperson of the Securities and Exchange Board of India (SEBI), failed to appear before the KC Venugopal-led Public Accounts Committee (PAC) citing personal reasons. The committee was adjourned following her absence. The BJP members who had earlier questioned Venugopal’s decision to summon her, met Lok

by Daanish Narayan
News   -   Oct 22, 2024 Highest Foreign Portfolio Investment Sell-Off in a Month
Highest Foreign Portfolio Investment Sell-Off in a Month

International investors have taken out ₹81,000 crore ($962 million) from the Indian equity market so far in October, which is the most in a month. The recent risk-off mentality among international fund managers has been heightened by concerns about market valuations following a downturn in earnings and a resurgence

by Daanish Narayan
Finance, Banking & Insurance   -   Oct 18, 2024 RBI to Ease Cross-Border Payments
RBI to Ease Cross-Border Payments

The Reserve Bank of India (RBI) Governor, Shaktikanta Das, said RBI could consider widening the scope of the Real Time Gross Settlement System (RTGS) to the settlement of transactions in US dollars, euros and pound sterling.

by Amal Anzari
Finance, Banking & Insurance   -   Oct 18, 2024 RBI Governor Warns NBFCs Over Unsustainable Growth Practices
RBI Governor Warns NBFCs Over Unsustainable Growth Practices

BI Governor Das cautioned non-banking financial companies (NBFCs) against using unsustainable strategies to drive growth. He urged NBFCs, including microfinance institutions (MFIs) and housing finance companies (HFCs), to prioritise sustainable goals, risk management, and customer satisfaction, while maintaining a “compliance-first” culture.

by Amal Anzari
News   -   Oct 09, 2024 RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral
RBI Keeps Repo Rate Unchanged, Changes Monetary Policy Stance to Neutral

The Reserve Bank of India (RBI) shifts monetary policy stance to neutral. Repo rate unchanged at 6.5%, brings relief to lenders.

by Daanish Narayan
Latest Articles 8 Articles
Morning Briefing   -   Nov 15, 2024 Commerce Minister Calls for Repo Rate Cut
Commerce Minister Calls for Repo Rate Cut

Highlights include conflicting views on the repo rate cut, the Reliance-Disney merger, ISRO's proposal to Mexico and views from columnists on the violence in Manipur.

by Daanish Narayan
News   -   Nov 14, 2024 Seaplanes to Connect Remote India: Aviation Minister Eyes North East
Seaplanes to Connect Remote India: Aviation Minister Eyes North East

In line with Prime Minister Narendra Modi's vision to expand national connectivity, Civil Aviation Minister Kinjarapu Rammohan Naidu announced plans to introduce seaplanes to reach remote areas across India, including the North East. During an aviation conference at Meghalaya’s Umiam Lake, Naidu took a test ride on

by Amal Anzari
News   -   Nov 14, 2024 India’s October Exports Surge by 17%
India’s October Exports Surge by 17%

India's goods exports rose by 17.25% to $39.2 billion in October, marking the highest monthly tally in recent times, while imports reached $66.34 billion, a 3.9% increase from last year. From April to October, non-petroleum exports set a new high at $211.3 billion,

by Amal Anzari
News   -   Nov 14, 2024 RBI Governor Affirms Resilient Indian Economy Amid Global Challenges
RBI Governor Affirms Resilient Indian Economy Amid Global Challenges

Reserve Bank of India (RBI) Governor Shaktikanta Das shared an optimistic view on India's economic resilience, despite global challenges like inflation and geopolitical tensions. Das highlighted the RBI’s measures, including a robust regulatory framework and responsive policy shifts, to address emerging risks. He pointed to improved inflation

by Amal Anzari
Morning Briefing   -   Nov 14, 2024 First Phase of Voting Completed in State Elections
First Phase of Voting Completed in State Elections

Highlights include the inauguration of projects by the PM, India's push for nuclear power, the rise in renewable energy capacity and views from columnists on the Maharashtra state elections.

by Daanish Narayan
News   -   Nov 13, 2024 US Leads in Indian Engineering Exports; UAE, Saudi Arabia Follow
US Leads in Indian Engineering Exports; UAE, Saudi Arabia Follow

The United States remains the top importer of Indian engineering goods, purchasing $9.3 billion (up 6.2%) from April to September, according to data from the Engineering Export Promotion Council (EEPC). The United Arab Emirates (UAE), benefitting from a Free Trade Agreement with India, secured the second spot with

by Amal Anzari
News   -   Nov 13, 2024 Swedish Firms Eye Tamil Nadu for Expansion, IKEA Among Four Exploring New Ventures
Swedish Firms Eye Tamil Nadu for Expansion, IKEA Among Four Exploring New Ventures

Sweden’s Ambassador to India, Jan Thesleff, announced that four Swedish companies, including IKEA, are considering establishing bases in Tamil Nadu. Currently, 70 Swedish firms operate in the State, employing around 25,000 people. Other Swedish companies, such as Scandinavian Robot Systems in Chennai and Jacobi in Coimbatore, will open

by Amal Anzari
News   -   Nov 13, 2024 By-Elections Witness High Voter Turnout Across Multiple States
By-Elections Witness High Voter Turnout Across Multiple States

Voting concluded for 31 Assembly seats across 10 states, with significant voter turnout. Kerala’s Wayanad Lok Sabha bypoll, featuring Priyanka Gandhi Vadra’s debut, recorded 64.27% turnout, lower than the previous 72.92%. Rajasthan's seven Assembly constituencies saw a turnout of 64.82%. Karnataka recorded the

by Amal Anzari
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