RBI Warns Against Unauthorized Loan Waiver Campaigns: Public Urged to Exercise Caution The Reserve Bank of India (RBI) has issued a warning against misleading advertisement campaigns that claim to offer loan waivers. The central bank emphasizes the need for the public to be cautious and report such incidents to law enforcement agencies to prevent financial losses. Misleading Advertisements and Concerns The RBI has raised concerns after observing misleading advertisements related to loan waiver offers on […]

The Rise of New Economic Powerhouses: How Emerging States Are Outshining Traditional Hubs   Introduction In recent years, there has been a notable shift in the formation of new companies in India. Smaller states and union territories that were traditionally considered weaker in terms of their economic standing have seen significant gains in incorporating new businesses. On the other hand, major economic centers such as Maharashtra, Delhi, Karnataka, and Telangana have experienced a decline in […]

Get Ready for Higher Returns: Sebi Plans New Asset Class for High Risk Takers   Introduction The Securities and Exchange Board of India (Sebi), the capital markets regulator, is considering the introduction of a new asset class to cater to high-risk investors. This asset class would bridge the gap between portfolio management services (PMS) and mutual funds, offering unique benefits to individuals seeking higher returns. Sebi chairperson Madhabi Puri Buch discussed the development of this […]

SEBI Aims Same Day Settlement Trade by March 2024: Madhabi Puri Buch   India’s capital markets regulator, Securities and Exchange Board of India (SEBI), is gearing up to implement same-day settlement of trades on stock exchanges, known as T plus zero (T+0) settlement, by the end of the 2023-24 financial year. Madhabi Puri Buch, Chairperson of SEBI, made this announcement during the Global Economic Policy Forum held at Delhi’s Bharat Mandapam. Streamlining Trade Settlements Currently, […]

Legal Turning Point: How a Supreme Court Ruling Reimagines Personal Insolvency in India   India’s Insolvency and Bankruptcy Code (IBC) saw a landmark moment when the country introduced corporate insolvency. The new code transformed the debt relationship between the debtor and creditor in India. As of August 2023, data from Insolvency and Bankruptcy Board of India (IBBI) show 26 518 applications for insolvency resolution sought for companies that defaulted on debts worth ₹9.33 trillion were […]