Posts by Rakesh Ranjan:
Deepak Sood appointed as IRDAI Whole Time Member
On August 12, 2024, the Central Government named Deepak Sood as a Whole Time Member (Non-Life) of the Insurance Regulatory and Development Authority of India (IRDAI). At present, Sood holds the positions of Non-Executive Director at Gimar Insurance Brokers and Independent Director at Prudent Corporate Advisory Services Limited. He will have the position of Whole […]
SEBI Chairman’s response to Hindenburg raises new questions
Hindenburg Research in a post on X on 11th August said “Securities and Exchange Board of India (SEBI) Chairperson Madhabi Puri Buch’s response to our report includes several important admissions and raises numerous new critical questions.” Hindenburg Research stated that SEBI was tasked with investigating investment funds relating to the Adani matter, which would include […]
Additional 2 Crore Rural Houses To Be Constructed Under PMAY
The Department of Rural Development’s proposal to build additional two crore houses under the Pradhan Mantri Awas Yojana – Gramin (PMAY-G) has been approved by the Union Cabinet, which is chaired by Prime Minister Narendra Modi. This decision was taken on August 9th, 2024, and it will now extend the scheme to run from FY […]
Hindenburg Research suggests something ‘big’ soon in India
After the 2023 Adani shock, Hindenburg Research made hints about a potential ‘big’ India reveal. On 10th August, 2024, the US short seller posted on X, “Something big soon India.” Just prior to Adani Enterprises’ scheduled share sale, Hindenburg Research released a study on January 24, 2024, that highly criticized the Adani Group. The news […]
Property Share receives India’s first SM REIT License from SEBI
Property Share, a fractional ownership platform (FOP), has been granted the nation’s first Small and Medium Real Estate Investment Trust (SM REIT) license by the Securities and Exchange Board of India (SEBI). The trust will be known as Property Share Investment Trust (PSIT), with Kunal Moktan serving as its CEO and co-founder. In 4-6 weeks, […]
Delhi Government To Introduce New Law For Coaching Centres
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 […]
Union Budget 2024 hikes Capital Gains Tax with Immediate Effect
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 Allows ESG And Credit Rating Activities In IFSC-GIFT City
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 […]
NITI Aayog recommended India to aim for $500 bn in Electronics Manufacturing by 2030
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 Shri Piyush Goyal holds meetings with counterparts at G7 Trade Ministers’ meet
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, […]