List of 26 New Bills to be presented in Lok Sabha with Object which includes The Chartered Accountants, the Cost and Works Accountants and the Company Secretaries (Amendment) Bill, 2021, The Insolvency and Bankruptcy (Second Amendment) Bill, 2021, The Cryptocurrency and Regulation of Official Digital Currency Bill, 2021, The Pension Fund ...
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The Committee after widespread consultations, incisive studies and in-depth discussions has made far reaching recommendation to develop IFSC as Global (Re)Insurance Hub in its report submitted to Chairperson, IFSCA...
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Global Supply chains should not only be based only on cost but also on trust – Shri Piyush Goyal Trade must grow in a mutually beneficial and collaborative way- Shri Goyal Ensuring transparent, trustworthy and resilient supply chains is at the core of trade revival- Shri Goyal India has proved its capability and emerged as […]...
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The Ifsca Banking Handbook General Directions- V 2.0 (Gen) | 12/11/2021 1. Legal framework i. The International Financial Services Centres Authority Act, 2019 (IFSCA Act) provides the foundation for regulatory framework, under the broad definitions of ‘financial institution’, ‘financial services’ and ‘financial product’, for e...
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The IFSCA Banking Handbook- Prudential Directions | 12/11/2021 MODULE NO. 1 GENERAL PRINCIPLES (GENPRU) 1. Introduction and Applicability i. These prudential rules apply to IBUs established and operating in IFSC as branches, of Banking Companies1 regulated by their respective Home Regulators. ii. Under the extant IFSCA Banking Regulations...
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The IFSC – A Banking Handbook Conduct of Business Directions (COB) | 12/11/2021 Purpose: The COB directions are aimed at ensuring that IFSC Banking Units (IBUs) meet the minimum standards of conduct expected, particularly with regard to the treatment of their clients, their dealings with counterparties and other market participants....
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The Committee, constituted by IFSCA on 24 June 2021 under the chairpersonship of Ms. Vandana Aggarwal with representatives from Government of India, Gujarat Maritime Board, industry and finance experts, and academicians, has submitted its Report titled S.A.F.A.L. (Ship Acquisition, Financing and Leasing) to IFSCA on 28 October 2021....
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Issuance of calendar for Sovereign Gold Bond Scheme 2021-22 The Government of India, in consultation with the Reserve Bank of India, has decided to issue Sovereign Gold Bonds. The Sovereign Gold Bonds will be issued in four tranches from October 2021 to March 2022 as per the calendar specified below: S.No. Tranche Date of Subscription [&h...
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Cabinet approves release of an additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to Pensions, due from 01.07.2021. An increase of 3% over the existing rate of 28% of the Basic Pay / Pension. This will benefit about 47.14 lakh Central Government employees and 68.62 lakh pensioners. Impact on th...
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Government Approves Air India Disinvestment Tatasons’ SPV – Talace Pvt Ltd – Wins Bid for Air India The Cabinet Committee on Economic Affairs (CCEA) – empowered Air India Specific Alternative Mechanism (AISAM) comprising of Union Minister for Home Affairs and Cooperation Shri Amit Shah; Union Minister for Finance & C...
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