Comprehensive Guide to RBI’s Liberalised Remittance Scheme (LRS) The Reserve Bank of India’s (RBI) Liberalised Remittance Scheme (LRS) permits resident Indians to remit funds abroad for diverse purposes. This guide delves into the numerous aspects of the scheme, providing you with a clear understanding of its applicability and limitations. Investment Opportunities Under LRS, resident Indians can invest in various international avenues: Listed Foreign Securities: Equity and debt, including mutual funds, exchange-traded funds (ETFs), and venture […]

SEBI Proposes New Rules for Financial Market Data Sharing: A Comprehensive Overview In an ever-evolving financial landscape, the Securities and Exchange Board of India (SEBI) has proposed new draft rules aimed at standardizing the policy for sharing financial market data with research institutions, analysts, and other stakeholders. These regulations are pivotal for ensuring seamless access to accurate and comprehensive market data, fostering innovation, and empowering stakeholders with the information they need. Background and Need for […]

Zerodha Makes Investment Advisory Certification Mandatory for Finfluencers Empowering Businesses to Navigate Financial Compliance Zerodha Broking Ltd has set a new standard for Authorized Persons (APs) by requiring them to clear the first level of the investment advisory certification, NISM Series X-A. This certification is aimed at candidates aspiring to become Registered Investment Advisors (RIAs). Key Certification Requirements NISM Series X-A: The first level of certification that APs must clear. NISM Series X-B: The second […]

Stock Market Today: Midcap and Smallcap Indices Surge Over 2% On October 8, 2023, the broader markets notably outperformed Indian benchmarks, evidenced by Nifty Midcap and Nifty Smallcap indices rising over 2% each, outmatching the benchmark Nifty 50, which gained approximately 1% in trades. This surge was influenced by encouraging market sentiment and strategic value buying following a steep decline in Indian equities. Speculation surrounding a potential rate cut by the Reserve Bank of India’s […]

Remitting Money to India: Tax Implications for You and Your Brother Navigating the complexities of international money transfers and understanding the related tax implications are crucial for maintaining compliance and achieving your financial goals. Key Questions Are remitted funds taxable for you or your brother in India? Should the funds be transferred to your account for withdrawal via Power of Attorney? Is there a need to transfer the funds to your NRE or NRO accounts? […]