IFSCA in IOSCO

The International Financial Services Centres Authority recently became an associate member of the International Organization of Securities Commissions (IOSCO). What are the benefits of IOSCO membership? The IOSCO works closely with the Financial Stability Board (FSB) and the G20 nations, ..

Month: Current Affairs - January, 2021

Companies (Auditor’s Report) Order, 2020 (CARO)

The Ministry of Corporate Affairs has announced the notification of Companies (Auditor’s Report) Order, 2020 (CARO). Key Features Disclosure of details of proceedings against company for holding Benami property. The auditor should provide details of investments made by the company. ..

Month: Current Affairs - December, 2020

Union Cabinet: Capital Infusion of Rs 6,000 crores into NIIF approved

On November 25, 2020, the Union Cabinet approved Rs 6,000 crores of capital infusion into the National Infrastructure Investment Fund. This is a part of the Atma Nirbhar Bharat Abhiyan. The move will leverage to create financial pipeline of Rs ..

Month: Current Affairs - November, 2020

RBI bans FDI establishments from Mauritius-Reasons, Causes, Impacts

The Reserve Bank of India recently said that companies cannot set up Foreign Direct Investment from Mauritius. The apex bank has also banned FDI from jurisdictions similar to Mauritius as they do not comply with the norms set by Financial ..

Month: Current Affairs - October, 2020

Google to invest 10 billion USD in India

On July 13, 2020, PM Modi interacted with the CEO of Google, Mr Sundar Pichai. After the interaction, the CEO announced that Google is to invest 10 billion USD in India in the future. Highlights The investment will mainly focus ..

Month: Current Affairs - July, 2020

Institute for Management Development releases World Competitive Index

The Institute of Management Development recently released the World Competitive Index. India ranked 43rd in the ranking. Highlights In 2019, India was at the 43rd ranking. Since 1989, India had ranked 41st in the World Competitiveness Ranking. However, it slipped ..

Month: Current Affairs - June, 2020