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Report On Municipal Finances : RBI

Report On Municipal Finances : RBI The Reserve Bank of India (RBI) has released the Report on Municipal Finances, compiling and analyzing budgetary data for 201 Municipal Corporations (MCs) across all States. The RBI Report explores ‘Alternative Sources of Financing for Municipal Corporations’ as its theme. Findings: There have been several lacunae in the working […]

Central Counterparty Clearing house (CCP)

Central Counterparty Clearing house (CCP): The European Union’s financial markets regulator European Securities and Markets Authority (ESMA) said it will withdraw recognition of six Indian clearing bodies or central counterparties (CCPs). These six CCPs are Clearing Corporation of India (CCIL), Indian Clearing Corporation Ltd (ICCL), NSE Clearing Ltd (NSCCL), Multi Commodity Exchange Clearing (MCXCCL), India […]

Compulsorily Convertible Preference Shares

Compulsorily Convertible Preference Shares: Insurance regulator IRDAI has rejected Fairfax proposal to convert the company’s holdings in compulsory convertible preferred shares (CCPS) issued by Go Digit Infoworks into equity shares. CCPS, or Compulsorily Convertible Preference Shares, are a key element of startup financing. It gives the assurance of a fixed rate of return plus the […]

India’s Sovereign Green Bonds Framework

India’s Sovereign Green Bonds Framework: The Union Minister for Finance & Corporate Affairs has approved the final Sovereign Green Bonds Framework of India. Sovereign Green Bonds will be issued for mobilising resources for green projects. The Framework comes close on the footsteps of India’s commitments under “Panchamrit” as elucidated by the Prime Minister at Conference […]