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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 […]

Guidelines For Uplinking And Downlinking Of Television Channels In India, 2022

Guidelines For Uplinking And Downlinking Of Television Channels In India, 2022: The Ministry of Information & Broadcasting has issued guidelines and specified new uplinking and downloading rules. Earlier, the Ministry of Information and Broadcasting (I&B) had issued an advisory stating that any kind of broadcasting be done only through Prasar Bharti. New Provisions: Television channels […]

Dynamic Ground Water Resource Assessment Report

Dynamic Ground Water Resource Assessment Report: According to the Dynamic Ground Water Resource Assessment Report for the entire country for the year 2022, groundwater extraction in India saw an 18-year decline. The assessment was carried out jointly by Central Ground Water Board (CGWB), States and Union Territories. Such joint exercises between the CGWB and States/Union […]

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 […]

Marrakech Partnership For Global Climate Action

Marrakech Partnership For Global Climate Action: Marrakech Partnership for Global Climate Action recently launched Yearbook of Global Climate Action 2022. This Yearbook of Global Climate Action, the sixth of the series, reviews the state and scope of global climate action in 2022. It outlines what is needed to accelerate sectoral systems transformation, features case studies […]

Energy Transition Accelerator (ETA) For Climate Finance

Energy Transition Accelerator (ETA) For Climate Finance: U.S.A recently unveiled a new carbon offset scheme called Energy Transition Accelerator (ETA) for climate finance. It will be developed by the US along with the Bezos Earth Fund and the Rockefeller Foundation and receive inputs from public and private sectors. It is a new carbon offset plan […]

New Species Of Estuarine Crab

New Species Of Estuarine Crab: Researchers have discovered a new species of Estuarine Crab at the Mangroves of Parangipettai near the Vellar River estuary (an area where river meets the ocean) in Cuddalore district, Tamil Nadu. The species has been named ‘Pseudohelice Annamalai’ in recognition of Annamalai University’s 100 years of service in education and […]