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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 […]
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, 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, […]
The Securities and Exchange Board of India (SEBI), which oversees the country’s capital markets, has suggested relaxing the rules and limitations pertaining to registered investment advisors (RIAs). SEBI’s recommendations follow many voices from India’s small investment advisory community raising concerns about unnecessarily stringent regulations that have been in place for far too long. In order […]
Held once in every 4 years, Olympic Games is one of the biggest multi-sport events in the world. Many Indian players participate in this event, and make our country proud of them! List of Olympic medals won by Indians In this interesting blog post, we present to you lists of Olympic medals won by Indians […]
To commemorate the XXXIII Paris Olympics, a set of commemorative postage stamps was unveiled on 5th August by Union Ministers of Youth Affairs & Sports, Labour & Employment, and Communications & Development of the North Eastern Region, Shri Jyotiraditya M Scindia, and Dr. Mansukh Mandaviya. Renowned athletes and dignitaries attended the ceremony, which took place […]
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 […]
On July 29, 2024, India’s first underwater museum opened its doors at the well-known Humayun’s Tomb complex in New Delhi. Gajendra Singh Shekhawat, the Union Culture Minister, reportedly gave the museum’s official opening. The museum features approximately 500 artifacts, many of which are being shown to the public for the first time. The museum provides […]
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 […]