An Overview The Reserve Bank of India announced on Friday that India’s forex reserves climbed by USD 1.919 billion to USD 641 billion for the week ended October 29 due to robust growth in currency assets and gold value. At the end of the preceding reporting week, total reserves had dropped by USD 908 million …
Eight out of the top ten valued companies added more than Rs 1.18 lakh crore collectively to their market cap, even as the BSE Sensex gained 1.28 per cent in the last week, when the special one-hour Muhurat trading on November 4 to mark Diwali and the new trading year Samvat 2078. The NSE Nifty …
Recently the Reserve Bank of India has allowed overseas investments in the debt instruments of REITs and InvITs. The regulations concerning foreign investment in these trusts were amended suitably to accommodate the changes. The intention of allowing FII money into these trusts was announced earlier this year during the Budget of 2021-22. The amendments were …
An Overview On Friday, Prime Minister Narendra Modi will unveil two RBI programmes that have the potential to drastically transform how the domestic sector spends and reacts when something goes wrong with their savings. The Prime Minister will virtually launch these RBI schemes—”retail direct” and an “integrated ombudsman scheme”—at 11 a.m., in the presence of …
Shaktikanta Das, the RBI Governor, expressed his view on the statistical numbers quoted by cryptocurrency exchanges in their ads regarding the number of Indians investing in cryptocurrency and the volumes of investment. The cryptocurrency exchanges quoted that more than ten million Indians are participating in cryptocurrency trading and investing as of today. According to the …
An Overview Finance Minister Nirmala Sitharaman said on Monday that company secretaries’ advice will make a big impact because only “well-managed” enterprises that follow strong governance procedures attract investors. She also stated that Indian companies have done very well in attracting investments in the recent year as a result of their transparency and enhanced compliance. …
An Overview According to research by Chainalysis, India’s cryptocurrency market grew by 641 percent in the past year, propelling the expansion of digital currencies in Central and Southern Asia. According to it, Pakistan’s cryptocurrency market grew by 711 percent last year. The Global Crypto Adoption Index includes three nations from the Central and Southern Asia …
The government has indicated that it may reconsider the case pertaining to the one time spectrum charges (OTSC) of Rs 40,000 crore against telecom operators, as per news reports. The Department of Telecommunications (DoT) has sought a three-week period to reconsider the decision to penalise telecoms for the delay in the payment of one-time charges for …
An Overview Under the Payments and Settlement Systems Act, 2007, BSE Technologies acquired in-principle authorisation from the Reserve Bank of India (RBI) to set up and run the Trade Receivables Discounting System (TReDS). BSE Technologies is a completely owned BSE company that specialises in IT solutions. TReDS is an electronic platform that allows Micro, Small, …
On Tuesday, 5 October 2021, BSE Tech received in-principal approval from RBI to set up its Trades Receivable Discounting System or TReDs. This authorisation was initiated under the purview of Payments and Settlement Systems Act, 2007. BSE Technologies Limited, one of BSE’s wholly-owned arms, is looking to introduce this platform to help MSMEs in working …
