Articles for tag: Asset, Bold, Class, Controversy, Discontent, HighRisk, Including, internal, Reforms, Regulations, SEBI, Streamlined, Unveils

Market News

SEBI unveils bold reforms, including a high-risk asset class and streamlined regulations, amidst controversy and internal discontent.

SEBI unveils bold reforms, including a high-risk asset class and streamlined regulations, amidst controversy and internal discontent.

The Securities and Exchange Board of India (SEBI) has recently approved a new asset class aimed at high-risk investors, providing more flexibility for fund managers. This new product, called “Investment Strategies,” requires a minimum investment of Rs 10 lakh and intends to prevent unregistered investment schemes. SEBI also introduced the Mutual Funds Lite framework, easing ...

Market News

Pakistan faces drastic reforms, eliminating 150,000 jobs and closing ministries in a desperate bid to stabilize its economy.

Pakistan faces drastic reforms, eliminating 150,000 jobs and closing ministries in a desperate bid to stabilize its economy.

In a move to reduce government spending, Pakistan announced plans to eliminate around 150,000 government jobs and to close or merge several ministries as part of reforms linked to a USD 7 billion loan from the International Monetary Fund (IMF). This decision follows the IMF’s approval of a financial assistance package after Pakistan agreed to ...

Market News

The tragic death of EY employee Anna Sebastian Perayil sparks urgent reforms on work-life balance in India’s corporate sector.

The tragic death of EY employee Anna Sebastian Perayil sparks urgent reforms on work-life balance in India’s corporate sector.

The tragic death of 26-year-old EY employee Anna Sebastian Perayil due to work pressure has sparked a significant conversation about work-life balance in India’s corporate sector. Following her death, major firms like Deloitte, EY, PwC, and KPMG are implementing new employee-friendly policies to address mental health issues and improve work conditions. Deloitte has formed a ...

Market News

The GST Council’s dramatic meeting addressed insurance tax reforms, foreign airline relief, and surging revenues from online gaming.

The GST Council’s dramatic meeting addressed insurance tax reforms, foreign airline relief, and surging revenues from online gaming.

During the 54th GST Council meeting in New Delhi, Finance Minister Nirmala Sitharaman announced several key decisions. The council is exploring a state panel to review the compensation cess and its future beyond March 2026. Discussions included potential exemptions for life and health insurance premiums from GST, although further deliberation is needed. To support foreign ...

Market News

Finance Minister Nirmala Sitharaman announces key GST reforms, including a GoM to reduce insurance taxes and lower rates on cancer drugs.

Finance Minister Nirmala Sitharaman announces key GST reforms, including a GoM to reduce insurance taxes and lower rates on cancer drugs.

During the 54th GST Council meeting, Union Finance Minister Nirmala Sitharaman announced the formation of a Group of Ministers (GoM) to evaluate the GST rates for life and health insurance. This GoM will be led by Bihar Deputy Chief Minister Samrat Choudhary and is expected to submit its report by the end of October 2024. ...

Market News

Judicial Crisis: Sibal Demands Urgent Reforms for Overburdened District Courts

Judicial Crisis: Sibal Demands Urgent Reforms for Overburdened District Courts

Senior advocate and Rajya Sabha MP Kapil Sibal has drawn attention to the poor working conditions faced by district court judges in India. Speaking at the ‘National Conference of the District Judiciary,’ he emphasized that inadequate salaries and infrastructure hinder the justice delivery system’s effectiveness. Sibal described how judges struggle with overwhelming caseloads and lack ...

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