Page-40 of Economy & Banking Current Affairs

Special Rights for Unitholders of REITs and InvITs

May 17, 2023

The Securities and Exchange Board of India (Sebi) has put forth a proposal aimed at granting special rights to unitholders of Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs), thereby expanding their participation in the decision-making process. Empowering ..

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Qualified Institutional Buyers

May 17, 2023

Securities & Exchange Board of India is taking steps to broaden the scope of qualified institutional buyers (QIBs), aiming to enhance the investor base for issuers of debt securities. SEBI’s aim in expanding the definition of QIBs is to diversify ..

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Automated Return Scrutiny Module for GST returns

May 15, 2023

The Central Board of Indirect Taxes and Customs (CBIC) has recently introduced an Automated Return Scrutiny Module to enhance tax compliance and simplify the scrutiny process of Goods and Services Tax (GST) returns. Automated Scrutiny of GST Returns The primary ..

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Palli Karma Sahayak Foundation (PKSF)

May 13, 2023

Microfinance lenders play a crucial role in providing financial services to underserved populations, but they often face challenges in accessing a steady flow of funds, particularly during difficult times. To address this issue and ensure the long-term sustainability of the ..

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‘100 Days 100 Pays’ Campaign

May 13, 2023

The Reserve Bank of India (RBI) recently announced the launch of the ‘100 Days 100 Pays’ campaign on June 1. This campaign aims to trace and settle the top 100 unclaimed deposits in every bank across all districts within a ..

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RBI Deadline for Transitioning to Alternative Reference Rate

May 13, 2023

The Reserve Bank of India (RBI) has recently issued a directive to banks and financial institutions, urging them to adopt an Alternative Reference Rate by July 1. This transition comes as part of a global effort to move away from ..

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Greenwashing TechSprint

May 12, 2023

The Reserve Bank of India (RBI) has recently opened a window to permit all India-based firms and innovators to take part in Global Financial Innovation Network’s first-ever Greenwashing TechSprint. The Role of GFIN GFIN, a renowned international organization, is hosting ..

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Zimbabwe’s Gold-Backed Digital Currency

May 12, 2023

Recently, Zimbabwe launched a gold-backed digital currency, marking another attempt to stabilize and strengthen its currency. This innovative move aims to address the ongoing challenges faced by the country’s financial system. The Concept of a Gold-Backed Digital Currency A gold-backed ..

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