NSE's social stock exchange enables direct listings from NPOs and other social enterprises, enabling them to raise financing with increased transparency.
Key topics of the joint India-US AML/CFT Dialogue were virtual assets, sanctions implementation, and beneficial ownership transparency.
Brokers must ensure that these overnight schemes invest only in government bonds and overnight repo markets.
The limit for processing e-mandates for recurring payments was increased for credit card bills, insurance premiums and mutual fund subscriptions.
Larger AIFs already have to dematerialise their units by 31 October 2023. SEBI said AIFs with a corpus under INR 5 billion have a 30 April 2024 deadline.
This will facilitate frequent issuers with a consistent track record to make public issues of debt securities with reduced time, cost and effort.
The proposed category is likely to have higher minimum investment and relaxed norms to generate high returns.
The cloud facility will be a dedicated public infrastructure for the financial sector. The repository will hold information about fintechs.
Allowing local companies to raise foreign capital from GIFT city will be key milestone, said V Balasubramaniam.
The RBI has set up a working group to create a roadmap for settling international remittances using CBDCs.
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