Author: Rakesh Ranjan

Following the tragic flooding that claimed the lives of three UPSC candidates, the Delhi government is planning to introduce a new legislation governing coaching centers in the nation’s capital, according to AAP minister Atishi. “Delhi government will constitute a committee comprising officials, students to formulate regulations for coaching centres,” she stated. According to Atishi, the […]

In the Union Budget speech held on 23rd July, Finance Minister Nirmala Sitharaman announced an increase in both the long-term (LTCG) and short-term (STCG) capital gains taxes with immediate effect. By definition, a capital gain is any profit or gain resulting from the sale of a “capital asset.” The FM also announced a big increase […]

SEBI has authorized credit rating agencies (CRAs) and ESG rating providers (ERPs) to operate within the International Financial Services Centre (IFSC) at Gujarat International Finance Tech-City (GIFT City), under the jurisdiction of the International Financial Services Centres Authority (IFSCA).  This move aims to strengthen the financial ecosystem at IFSC-GIFT City. SEBI’s recent circular includes IFSCA […]

India should aim for $500 billion in domestic electronics manufacturing by the year 2030, according to a report by the NITI Aayog that makes specific policy recommendations for things like tariff rationalization and skilling. The central government’s think tank, on 18th July, said that the growth in electronics manufacturing would create employment for about 6 […]

Union Minister of Commerce and Industry, Shri Piyush Goyal, attended a meeting of G7 Trade Ministers in Reggio Calabria, Italy. This meeting was important for discussing how countries can improve their trade relationships and work together on economic issues.  Minister Goyal also had meetings with leaders from Italy, the European Commission, New Zealand, the UK, […]

The National Education Policy 2020 encourages learning mother tongues or regional languages in addition to other languages, hence promoting multilingualism in Indian education. To realize this vision of National Education Policy 2020, during the concluding session of the “UGC Workshop on Writing Textbooks in Bharatiya Bhasha for Higher Education”, Shri K. Sanjay Murthy, Secretary of […]

On July 15, the Reserve Bank of India (RBI) requested that banks and other financial institutions allow defaulting borrowers enough time to make amends before labeling them as “fraud accounts.” According to a release from the RBI, banks must now provide fraudulent account holders with show-cause warnings that include all of the fraud’s facts. Additionally, […]

Paytm received administrative warning from the Securities and Exchange Board of India (SEBI) for two transactions it made with Paytm Payments Bank during the fiscal year 2021–2022. Paytm stated in a filing on July 15 that it has complied with all legal obligations and standards of compliance. The two transactions, worth 360 million and 3.24 […]

In an effort to improve the business environment and streamline operations, the Securities and Exchange Board of India (SEBI) has announced new guidelines for credit rating agencies.  Among these guidelines are the establishment of certain deadlines for addressing company appeals concerning rating actions carried out during routine rating surveillance. August 1st, 2024 is when these […]

Notification 1: V3 System will be temporarily unavailable and instead V2 System will be available The Ministry of Corporate Affairs (MCA) has notified that V3 system will not be available from 13.07.2024 (00:00 hrs) to 14.07.2024 (23:59 hrs) due to deployment of certain forms and will be available for filing from 15.07.2024 (00:00 hrs) onward. […]