Indian

IFSCA to soon come up with SPAC regulatory framework: Injeti Srinivas

Mar 10, 2021

Srinivas also said that the IFSC can act as the second engine of the Indian economy and be an external engine, which will not only channelize global capital flows into India, but it will also make the external face of India available in this centre.

Pfizer wants to make vaccine in India if faster clearance, export freedom assured -sources

Mar 10, 2021

Pfizer and Moderna, whose shots are more expensive than the AstraZeneca one being used in India’s immunisation campaign, are not comfortable with strict price and export restrictions, one of the sources said.

Cabinet clears amendments to Insurance Act for raising FDI to 74%

Mar 10, 2021

Under the new structure, the majority of directors on the board and key management persons would be resident Indians, with at least 50 per cent of directors being independent directors, and specified percentage of profits being retained as a general reserve.

India’s EV financing industry projected to be worth Rs 3.7 trillion in 2030:NITI Aayog Report

Mar 9, 2021

The 10 solutions recommended in the report include financial instruments such as priority-sector lending and interest-rate subvention. Others are related to creating better partnerships between OEMs and financial institutions by providing product guarantees and warranties. Furthermore, a developed and formal secondary market can improve the resale value of EVs and improve their bankability. “The identified barriers within EV finance need to be tackled in structured manner with innovative financing models,” said Randheer Singh, Senior Specialist at NITI Aayog.

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