-
Department of Economic Affairs Year 2023: Achievements & Global Leadership
The Ministry of Finance’s Department of Economic Affairs (DEA) reflects on a transformative year, marking the inception of ‘Amrit Kaal,’ a 25-year journey toward India’s centenary of independence in 2...
-
Ministry of Finance Year Ender 2023: Department of Financial Services
In a resounding Year Ender for 2023, the Ministry of Finance reflects on the exceptional accomplishments of the Department of Financial Services (DFS), a driving force behind India’s financial landsca...
-
IFSCA Establishes Expert Committee for Transition Finance Framework
Introduction: The International Financial Services Centres Authority (IFSCA) has taken a monumental step in aligning with the global push for Sustainable Finance. The establishment of an Expert Commit...
-
FAQs on IFSC Insurance Office
Welcome to the comprehensive Frequently Asked Questions (FAQs) guide on the International Financial Services Centres Authority (IFSCA) and its Department of Insurance. These FAQs, updated as of Decemb...
-
Government’s Action Plan to Combat Ponzi Scams
In response to the rising concerns over the proliferation of Ponzi apps and their unbridled promotion by financial influencers on social media platforms, Shri Sujeet Kumar raised Unstarred Question No...
-
Action Plan To Make The Country Third Largest Economy
Introduction: The Government of India, under the Ministry of Finance and the Department of Economic Affairs, is actively pursuing an ambitious action plan to position the country as the third-largest...
-
Growth in gross total income of individuals across different income groups
Introduction: In response to an unstarred question in the Rajya Sabha, this article delves into the significant growth observed in the gross total income of individuals across various income groups in...
-
Report on Direct Listing of Listed Indian Companies on IFSC Exchanges
Introduction: In a significant development, the Working Group on “Direct Listing of Listed Indian Companies on IFSC Exchanges” has presented its report to the Chairperson of the International Financia...
-
IFSCA Draft Guidelines on Solvency Margin of Life insurance business
The International Financial Services Centres Authority (IFSCA) plays a crucial role as the unified regulator for financial products and institutions within the International Financial Services Centres...
-
IFSCA Draft Guidelines: Assets, Liabilities & Solvency for Financial Services Centers
The International Financial Services Centres Authority (IFSCA) has released a Consultation Paper on the proposed Guidelines for the International Financial Services Centres Authority (Assets, Liabilit...
-
ICAI FAQs on Notification dated 3rd May, 2023 under PMLA, 2002
The Institute of Chartered Accountants of India Committee on Commercial Laws, Economic Advisory & NPO Cooperative Frequently Asked Questions (FAQs) on Notification dated 3rd May, 2023 under the Preven...
-
Consultation Paper on Remote Broker-Dealers in IFSC
Introduction The International Financial Services Centres Authority (IFSCA) plays a pivotal role in the development and regulation of financial products, services, and institutions within the Internat...
-
Consultation Paper on Regulatory Framework For Accredited Investors in IFSC
International Financial Services Centres Authority (IFSCA) has taken a pivotal step towards refining its regulatory framework by releasing a Consultation Paper on the Regulatory Framework for Accredit...
-
IFSCA invites comment on Banking Regulations, 2020
Introduction: The International Financial Services Centers Authority (IFSCA) is reaching out to the public for feedback on potential amendments or additions to the IFSCA (Banking) Regulations, 2020. T...
-
IFSCA Fund Management FAQs 2022: Registration & Authorization Process
Introduction: Understanding the intricacies of registering a Fund Management Entity (FME) and authorizing a Scheme or Fund under the IFSCA (Fund Management) Regulations, 2022 is crucial for financial...
-
IFSCA Invites Public Feedback: Review of Bullion Exchange Regulations 2020
Introduction: In a significant move to streamline regulations and enhance the financial landscape, the Union Budget for FY 2023-24 emphasized the need to review existing regulations within the financi...
-
FATF Identifies High-Risk Jurisdictions and Updates Monitoring List
Introduction: In a recent public statement, the Financial Action Task Force (FATF) addressed high-risk jurisdictions and those under increased monitoring for Anti-Money Laundering (AML) and Combating...
-
IFSCA Issues Caution on Unauthorised Entities in IFSC
Introduction: The International Financial Services Centrals Authority (IFSCA) has issued a press release to caution the public against dealing with unauthorised entities within the International Finan...
-
PFRDA (Subscriber Education & Protection Fund) Regulations, 2015 – Proposed Amendments
PFRDA (Subscriber Education And Protection Fund) Regulations, 2015 – Proposed Amendments As part of the comprehensive regulation review exercise, the preliminary draft of internal review of the PFRDA...
-
PFRDA (Custodian of Securities) Regulations, 2015: Proposed Amendments
The Pension Fund Regulatory and Development Authority (PFRDA) has initiated a comprehensive review of the PFRDA (Custodian of Securities) Regulations, 2015. The preliminary draft of the proposed amend...