For the expansion of the market for emerging investment instruments, SEBI is mulling over to bring in norms for follow-on offers by real estate investment trusts (REITs) and infrastructure investment trusts (InvITs).
The two trusts were launched in India with an aim to provide exposure to investors to real estate and infrastructure projects.
Bandhan Mutual Fund has launched the Bandhan Nifty IT Index Fund, an open-ended equity scheme tracking the Nifty IT index, with an aim to capture the growth potential of the Indian Information Technology (IT) sector.
It was launched to provide investors with a convenient, cost-effective route to benefit from the vast opportunities in this sector over the long term
Ministry of Panchayat Raj (MoPR), Government of India, in close collaboration with Panchayati Raj & Rural Development Department, Government of Jammu & Kashmir, is organizing a three-day (21-23 Aug) National Workshop on Localization of Sustainable Development Goals in Gram Panchayats.
It has been organized on Theme 8: Panchayat with Good Governance in Srinagar, J&K.
Nepal Prime Minister Pushpa Kamal Dahal has announced to increase the export of electricity to India from 450 MW to 10,000 MW in the next 10 years.
India and Nepal have already signed a preliminary bilateral agreement for it.
Nepal is currently exporting around 450 MW of electricity to India.
The fourth and final meeting of the Trade and Investment Working Group of G 20 is going to take place in Jaipur from 21st August, 2023.
The five priority issues - Trade for Growth & Prosperity, Resilient Trade and GVCs, Integrating MSMEs in World Trade, Logistics for Trade and WTO Reforms will be discussed among the G20 member/invitee countries during the meetings.
The Chintan Shivir of the Ministry of Finance will officially be inaugurated at the Statue of Unity at Kevadiya, Gujarat.
The shivir will discuss various issues including the roadmap for India to become a developed nation by 2047.
Secretaries and Senior officials from various departments of the Ministry of Finance and ministry of corporate affairs will attend the shivir.
Lok Sabha Speaker Om Birla to inaugurate the ninth India Region Conference of the Commonwealth Parliamentary Association today in Udaipur, Rajasthan. The conference will have two separate sessions.
The theme of the two-day conference is 'Strengthening Democracy and Good Governance in the Digital Age'.
With Four Gold and One Silver Medals, India has secured Second Rank at the 16th International Olympiad on Astronomy and Astrophysics (IOAA) in Chorzów, Poland.
The Olympiad was held from the 10 to the 20 of August 2023. The United Kingdom clinched the lead with five Golds.
The team was led by Prof. Surhud More from IUCAA, Pune, and Pritesh Ranadive from HBCSE-TIFR, Mumbai.
The Government has notified the Green Hydrogen Standard for India in a significant move for the progress of the National Green Hydrogen Mission.
It defined Green Hydrogen as having a well-to-gate emission including water treatment, electrolysis, gas purification, drying and compression of hydrogen of not more than 2 kg CO2 equivalent / kg H2.
The standard is issued by the Ministry of New and Renewable Energy.
The Government of India imposed a 40 percent duty on export of onions to control price rise and improve supplies in the domestic market till 31st December 2023.
Earlier, the government released 3 lakh tonnes of onions from its buffer stock to increase the availability. It also maintaining an onion buffer, under the Price Stabilization Fund, to check prices of onions.
Reserve Bank of India asked banks to provide fixed interest rate options to individual borrowers and directed the lenders to levy only reasonable penalty charges in case of default in EMI payments.
RBI has issued guidelines to reset EMIs based on floating-rate personal loans, including allowing borrowers to switch over to a fixed rate as per the bank board-approved policy.
Meghalaya Pineapple Fest - 2023, organized by the Government of Meghalaya, kicked off on Day 1 at the iconic Dilli Haat, New Delhi, celebrating Meghalaya’s famed produce, the Kew pineapples.
Meghalaya’s Pineapples with its sweetness measuring high brix value of 16-18 is gradually making it a sought-after fruit by retailers across the globe.
IIFL Home Finance Ltd (IIFL HFL) has secured a debt-funding of up to USD 100 million from International Finance Corporation (IFC), a member of the World Bank Group.
Under the loan agreement, 50 per cent of funding is earmarked to promote housing finance for women borrowers, and the remaining is dedicated to financing green housing for buyers in this underserved segment.
The Reserve Bank of India has issued instructions (effective from January 1, 2024) for penal charges in loan accounts to ensure transparency in the disclosure of penal charges and interest rates in loan accounts.
Under the extant guidelines, lending institutions have the operational autonomy to formulate Board approved policy for levy of penal rates of interest.