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Cryptocurrency Law- Why investors shouldn't hit the panic button - (A)

As the Parliament of India prepares for the introduction of cryptocurrency law in the upcoming winter session, existing individual cryptocurrency holders have started to panic to sell their holdings. The price of Bitcoin has fallen by almost 18% in rupee terms. The price of the USD Tether (USD) also fell 17%. Why is this panic …

Tata Mutual Funds Applies for Semiconductor Fund of Funds - (A)

Tata Mutual Fund (MF) has applied for a Global Semiconductor Fund (FoF) with the Securities and Exchange Board of India (SEBI). The fund will hold shares in several publicly traded exchange-traded funds (ETFs), which in turn invest in foreign-listed semiconductor chip companies. The ETFs are iShares Semiconductor ETF, iShares MSCI Global Semiconductors UCITS ETF, VanEck …

Strict regulations await major NBFCs seeking to enter banking - (A)

The Reserve Bank of India (RBI) accepted 21 out of 33 recommendations from an internal working group on the ownership policies and corporate structure of private sector banks on November 26. For non-bank financial corporations (NBFCs) seeking conversion to a universal bank, the sponsor company’s minimum experience requirement, including an NBFC in the conversion process, …

The wage subsidy program incentivizes almost 33 lakh to create jobs in the formal sector - (A)

The union government wage subsidy program created almost 33 lakhs of new jobs in the formal sector last year, including almost 11.5 lakhs of workers in the July-September quarter of the current fiscal year (FY22). Of the nearly 33 lakh recipients, at least 28.8 lakh are new employees, the remaining 4.18 lakh are workers who …

MSMEs associations welcome the starts of a technology update program - (A)

The associations of micro, small and medium-sized enterprises welcomed the introduction of the special program of capital grants linked to credit for the service sector. The technology update program was launched on November 19 by the Minister of Union for MSMEs, Narayan Rane. “The program will help meet the technology needs of service sector companies …

Center approves PMAY (urban) construction of 3.61 Lakh Homes in 17 states - (A)

The center approved the construction of 3.61 lakh homes in 17 states and union territories under Pradhan mantri Awas Yojana (Urban), bringing the total number of sanctioned homes under the program to 1.14 crore, said the Ministry of Housing and urban development on November 24. A total of 3.61 lakhs of homes have been approved …

Are fintech competitor or partner to banks - (A)

The banking sector is one of the most stable foundations of the Indian economy. It’s an interesting time now, with major developments impacting earnings, portfolio engagement, and opening up of new opportunities. Today’s customers want more personalization, relevance, and value engagement than ever before. Digital native fintechs are ready to seduce you with their innovative …

MSP policy has not helped most farmers - (A)

Shortly after the Prime Minister announced that the three controversial agricultural laws would be repealed in the winter session of Parliament, Samyukt Kisan Morcha, a coalition of 40 agricultural unions, called for the minimum subsidy price for all agricultural products to become a legal right for all farmers. This would ensure that each farmer is …

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