India’s presidency of the G20 may help businesses decrease emissions more quickly. Synopsis Thousands of enterprises in India and elsewhere are already striving to decrease their emissions in accordance with climate science, since the commercial rationale is clear: it saves money, boosts investor confidence, and allows them to stay ahead of regulations. It also strengthens corporate operations and supply networks in the face of harsh weather disasters. As the G20 president, India has a unique […]

Green technology and the automobile industry’s future Synopsis As restrictions are implemented to reduce the environmental effect of automobile emissions, the global automotive sector is seeing a substantial movement towards green and sustainable solutions. Statistics reveal a tremendous surge in electric vehicle sales, with India exhibiting a promising increase in EV sales. With increased automobile emissions, governments are enacting stringent rules to reduce the automotive industry’s environmental effect. The industry’s role to climate change and […]

Insurance will soon have a new accounting standard. Synopsis The National Financial Reporting Authority (NFRA) has made recommendations to the Ministry of Corporate Affairs (MCA) on the Indian Accounting Standard (Ind AS) 117 for insurance contracts, he told ET.”The NFRA’s recommendations are being considered.” “The standards will be published soon under the Companies (Indian Accounting Standards) Rules 2015,” he noted. According to a senior government source, the government will shortly declare a new accounting standard […]

From today, the SGX Nifty will be known as the GIFT Nifty. Synopsis Beginning Monday, SGX Nifty futures contracts, which were formerly traded on the Singapore exchange, will be exchanged on the NSE’s International Financial Services Centre (IFSC) in India. The change is part of an agreement between the NSE and the SGX. SGX Nifty/GIFT Nifty is a derivatives contract on the NSE’s Nifty index that allows investors to forecast Nifty performance before the Indian […]

Gujarat International Finance Tec-City Company Limited (GIFTCL) has established “GIFT SEZ Limited” to develop Gandhinagar Multi-Service SEZ with a primary emphasis on the growth of IFSC and related SEZ businesses. To have IFSC status (International Financial Services Centre), local finance centers, and the linked social infrastructure.   By setting up an International Financial Services base, the goal is to build a world-class smart city that will serve as a global financial base. The government is also […]