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 SEBI Levels Playing Field for FVCIs with New Governance Norms

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The Securities and Exchange Board of India (SEBI) has issued new norms that bring foreign venture capital investors (FVCIs) under the same regulatory framework as foreign portfolio investors (FPIs). This move marks a significant overhaul of the registration and governance framework for FVCIs, aiming to establish greater parity between the two investor categories. Under the …

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MCA Notifies ₹2,000 Crore Deal Value Threshold for Mergers and Acquisitions

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The Union Ministry of Corporate Affairs (MCA) has introduced a significant update to India’s merger and acquisition regulations by notifying the deal value threshold (DVT) provision under the Competition (Amendment) Act, 2023. Effective from September 10, this new rule mandates that all mergers or acquisitions with a deal value exceeding ₹2,000 crore must undergo review …

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Assam’s ‘Shiksha Setu Axom’ App Wins Gold for Excellence in e-Governance

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The Assam government’s ‘Shiksha Setu Axom’ mobile application has been awarded the prestigious gold category award for excellence in e-governance by the Centre’s Department of Administrative Reforms and Public Grievances. The award was received by Assam Samagra Siksha Mission Director Om Prakash and Executive Director Sanjoy Dutta at the National Conference on e-Governance 2024, held …

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Himachal Pradesh Government Rationalises Subsidies for Financial Prudence

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The Himachal Pradesh government, led by Chief Minister Sukhvinder Singh Sukhu, is taking steps to rationalise subsidies and freebies to address the State’s financial challenges. With the total debt soaring from ₹47,906 crore in 2018 to ₹76,651 crore in 2023, Sukhu has criticized the previous BJP regime for its wasteful expenditures and financial mismanagement. Sukhu’s …

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Unified Pension Scheme (UPS) to Provide Assured Pension, But Adds Financial Strain on Exchequer

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The newly approved Unified Pension Scheme (UPS), set to be implemented from April 1, 2025, promises to provide an assured pension to 23 lakh eligible central government employees, adding an annual financial burden of Rs 6,250 crore on the exchequer. Under this scheme, the government’s contribution will rise from the current 14% to 18.5%, while …

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Maharashtra Becomes First State to Implement Unified Pension Scheme for Employees

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In a significant move ahead of upcoming elections, Maharashtra has become the first state to introduce the Unified Pension Scheme (UPS) for its employees, following demands from central government employee organizations for state governments to adopt the scheme. The decision came just 24 hours after the Union Cabinet approved the UPS, which offers 50% of …

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Protests Erupt Across Indonesia as Parliament Delays Election Law Changes

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Mass protests have swept across Indonesia after the parliament postponed ratifying controversial changes to the country’s election law. The proposed revisions have sparked outrage, with many accusing the government of trying to consolidate political power for outgoing President Joko Widodo (Jokowi). The parliamentary session to pass the amendments was delayed on Thursday due to insufficient …

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DNPA Urges Government to Exempt GST on E-Papers and Digital News Subscriptions

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The Digital News Publishers Association (DNPA) has called on the Indian government to exempt Goods and Services Tax (GST) on e-papers and digital news subscriptions. The DNPA highlighted that while printed newspapers are exempt from GST, digital news subscriptions are currently taxed at 18% under the Integrated Goods and Services Tax (IGST) Act. They argue …

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Centre Approves 25% Increase in Security at Central Government Hospitals Amid Nationwide Protests

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In response to widespread protests by doctors demanding better protection following the tragic rape and murder of a trainee doctor at Kolkata’s RG Kar Medical College, the central government has approved a 25% increase in security at all central government hospitals. The decision, announced by the health ministry, comes amid calls for a special law …

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Chhattisgarh Cabinet Approves Formation of ‘Good Governance and Convergence Dept’

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The Chhattisgarh government has announced the creation of a new “Good Governance and Convergence Department” to enhance the effective implementation of state welfare policies and ensure better governance. The decision was made during a cabinet meeting chaired by Chief Minister Vishnu Deo Sai on Tuesday. This newly formed department will integrate key initiatives such as …

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