December 6, 2024, marks the 68th death anniversary of Dr. B.R. Ambedkar, the visionary architect of the Indian Constitution and a steadfast advocate for social justice. On Mahaparinirvan Diwas, thousands gather at Chaityabhoomi in Mumbai to honor a leader whose legacy continues to inspire millions. Each year, Mahaparinirvan Diwas witnesses a large gathering of people …
The Securities and Exchange Board of India (SEBI) has proposed a revised framework for settling funds in inactive trading accounts. This initiative aims to improve operational efficiency while ensuring that investors’ interests are adequately protected. Current Settlement Process for Inactive Accounts At present, stock brokers are required to return funds to clients who have not …
On December 6, 2024, Maharashtra observes Mahaparinirvan Diwas, marking the 68th death anniversary of Dr. B.R. Ambedkar. This significant day sees thousands gathering at Chaityabhoomi in Mumbai to honour his legacy. Here’s a concise guide on what’s open and closed in Maharashtra on this day. Government Offices The Maharashtra government has declared a local holiday …
The Employees’ Provident Fund Organisation (EPFO) has extended the deadline for employees to activate their Universal Account Numbers (UAN) to December 15, 2024. This extension gives employees extra time to link their UAN with Aadhaar and bank accounts—a mandatory step to receive Employment Linked Incentive (ELI) scheme benefits directly through the Direct Benefit Transfer (DBT) …
The Securities and Exchange Board of India (SEBI) has clarified that digital platforms used by regulated entities (REs) to engage with third parties are not required to register as specified digital platforms (SDPs). SEBI also stated that there is currently no regulatory framework governing SDPs. Role of SDPs and Exemptions for REs SDPs are platforms …
The Securities and Exchange Board of India (SEBI) has proposed a new online monitoring and supervision framework aimed at enhancing the quality and accountability of system audits for stock brokers. This framework seeks to address several issues identified in current audit practices and introduce a more transparent and efficient system. Under the proposed framework, SEBI …
The Securities and Exchange Board of India (SEBI) is the authority in charge of supervising and regulating the securities and capital markets in India. It was founded in 1988 as a non-statutory organisation and was granted statutory status in 1992 with the enactment of the SEBI Act, 1992. SEBI Revised Guidelines for Stock Brokers On …
The BSE Small Cap index continues to capture investor attention with its steady performance. On Tuesday, December 3, 2024, it outperformed the Sensex, gaining nearly 1% compared to the Sensex’s 0.60% rise. This article dives into the historical performance of the BSE Small Cap index, focusing on December trends and key statistical insights. Recent Performance …
The Ministry of Micro, Small and Medium Enterprises (MSME) has been actively implementing schemes to boost the sector’s growth and support entrepreneurs. One of the flagship initiatives is the Prime Minister’s Employment Generation Programme (PMEGP), a credit-linked subsidy program started in 2008-09. This scheme, managed by the Khadi and Village Industries Commission (KVIC), aims to …
The Indian government is evaluating the reduction of GST rates on life and health insurance policies. Finance Minister Nirmala Sitharaman addressed this in a written reply to the Lok Sabha, highlighting that a recommendation for GST reduction if approved by the GST Council, would directly benefit policyholders by reducing the cost of insurance. The GST …
