Funds

SEBI Proposes Blocking of Funds Facility

January 19, 2023

Securities and Exchange Board of India (SEBI) releases consultation paper proposing to introduce a blocking of funds facility for trading in secondary markets. Aimed at protecting investors’ money from misuse and default by stock brokers. SEBI seeks comments from market ..

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RBI creates Payment Infrastructure Development Fund

June 5, 2020

On June 5, 2020, the Reserve Bank of India created Payment Infrastructure Development Fund of Rs 500 crores. Highlights The apex bank has made an initial contribution of Rs 250 crores towards the funds. The rest of the fund is ..

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Union Cabinet approves change of definition of MSMEs

June 2, 2020

On June 1, 2020, the Union Cabinet approved the changes made to the definition of MSMEs. The Finance Minister Nirmala Sitaraman had announced about the changes being made to MSMEs while she announced the economic package allocated to Atma Nirbhar ..

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State Health Register to be launched by Karnataka Government: First of its Kind

May 28, 2020

On May 27, 2020, the Karnataka State Government announced that it will launch a “State Health Register” to collect data of all its citizens. The register is first of its kind in the country. Highlights The register will hold names ..

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Corona Virus Global Response International Pledging Conference held

May 6, 2020

On May 5, 2020, around 40 countries took part on an online summit called Global Response International Pledging Conference. Highlights The Conference was initiated by European Union. US and Russia did not take part in the conference. China where the ..

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Task force on National Infrastructure Pipeline submits its report

April 29, 2020

On April 29, 2020, the task force on National Infrastructure Pipeline has submitted its final report to Finance Minister Nirmala Sitaraman. The report has been prepared for the year 2019-25. Highlights The summary of the report prepared by the task ..

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