"Failure to observe such due diligence obligations shall result in...
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Regulation
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Govt probes insurers paying excessive distribution commissions without growing business
The Department of Financial services (DFS) has sent letters to...
MCA relaxes KYC norms for directors, replaces annual filing with 3-yr cycle
A revised KYC form has been introduced, which can be used not only...
RBI cuts repo rate by 25 basis points to 6.25%,first in nearly 5 yrs
Sanjay Malhotra,Governor,Reserve Bank of India The Monetary Policy Committee (MPC), which consists of three RBI and three external members, favoured a rate cut to provide stimulus to the sluggish economy, which is expected to grow at its slowest pace in four years in...
ESG Backlash: Investors with 6 trillion euros warn EU not to weaken green rules
The warning coincides with mounting pressure from Germany and France, the European Union’s two largest economies, to scale back planned ESG regulations on concerns the requirements are preventing companies in the bloc from competing freely with their peers in the US...
New law in the works for safe, orderly migration
Underlining the need to spread awareness about safe migration, the the Parliamentary Committee on External Affairs, chaired by Congress MP Shashi Tharoor, has recommend that the “Ministry should collaborate with local civil society groups, media outlets in the most...
Corporate ‘Irritation’ over ESG fueled by significant costs
There’s evidence to suggest that fund managers devoting lots of energy to their ESG strategies aren’t necessarily being rewarded by investment clients. Funds complying with the EU’s strictest ESG standards suffered record outflows last quarter, according to a research...
GST Council to soon take decision on rates, number of slabs: FM Sitharaman
"For me, it was also important that we don't lose an opportunity, that we can even bring down the number of rates, which is also the original intent that we wanted fewer rates and lower rates. So work has got to happen on that, and I hope the GST Council will decide...
Non-inflationary Budget for Monetary Easing: Finance Secy
"The fiscal policy and the monetary policy need to work in tandem, not at cross purposes Because a lot more benefit will come also with monetary easing, if we are able to maintain inflation control.The Budget has projected a 4.4 per cent fiscal deficit in FY'26,...
DPDP rules,2025: Enforcing stringent requirements for data collection, processing and management
Bibhu Krishna, Chief Information Security Officer, Policybazaar.com For the insurance sector, the draft rules introduce challenges as well as opportunities to formulate a robust data privacy landscape The draft Digital Personal Data Protection (DPDP) Rules, 2025,...
US investor Danny Gaekwad Developments & Investments seeks Sebi exemption for Religare takeover
In a regulatory filing, REL posted a letter written by Danny Gaekwad Developments & Investments addressed to SEBI Chairperson, requesting for grant of exemption from strict enforcement of Substantial Acquisition of Shares and Takeovers (SAST) Regulations New...
Govt reviewing crypto position due to global changes, senior official says
"More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again," India's Economic...
Sebi mulls safe UPI payment mechanism for registered market intermediaries
This initiative will enable investors to verify the authenticity of the UPI ID they are transferring money to, through robust KYC (Know Your Customer) due diligence. This measure is designed to combat the growing threat of digital fraud, ensuring that investors can...