India

The RBI also decided to restore pre-pandemic market hours for G-secs and release new guidelines on climate risk and sustainable finance "in a phased manner".

The move follows several arrests and raids on payment firms last year connected to a probe into money laundering by loan companies said to be controlled by Chinese individuals.

Blue bonds, yellow bonds, and transition bonds are added. Disclosure requirements are enhanced. Independent third-party reviewers must be appointed.

FPIs will lose their registration in India if updated beneficial ownership information is not obtained by 30 September 2023.

SEBI proposes to require trading and clearing members to move all client funds to clearing corporations at the end of each trading day to prevent broker misuse.

SEBI says the move will enable greater participation by foreign investors in domestic REITs and InvITs.

SEBI said the market continues to function effectively. The RBI said the banking sector remains resilient and stable. Adani companies have meanwhile lost $110mn in market cap.

The budget includes a revamp of India's credit guarantee scheme for MSMEs and new incentives to draw companies to GIFT City.

A SEBI study found that 90 percent of active retail investors trading future and options incurred losses averaging INR 125,000 in the FY 2021-22.

Adani Group's share sale successfully closed in the face of fraud allegations, but the conglomerate decided not to proceed. SEBI is looking for irregularities.