IFSCA circular on trading and settlement of Sovereign Green Bonds
This circular provides an overarching framework for the trading of SGrBs and outlines the various eligible participants, market infrastructures, and procedures involved in the trading and settlement of these securities.
Incentive provided by IFSCA for filing of ESG Funds by Registered FMEs at GIFT IFSC
To encourage green private capital to be channelised via the fund route, IFSCA has waived the fund filing fees for the first 10 ESG funds filed by Registered FMEs at GIFT IFSC. So far, while one Registered FME, has already availed the said incentive provided by IFSCA by launching an ESG Fund it is observed that awareness regarding ESG Funds and the incentives provided by
IFSCA is limited only to the Fund managers.
Central Government Increases Minimum Wage Rates for Workers
After revision, minimum wage rates in area “A” for workers in construction, sweeping, cleaning, loading & unloading for unskilled work will be Rs 783 a day ( Rs 20,358 per month) for semi-skilled Rs 868 a day( Rs 22,568 per month) for skilled, clerical and watch & wards without arms Rs 954 a day( Rs 24,804 per month) and for highly skilled and watch & ward with arms Rs1,035 a day( Rs 26,910 per month).
Empowering Apprentices: Understanding the New Credit System Under NATS
The Board of Practical Training issued notification on September 20th 2024, regarding Assessment and Creditisation of Apprenticeship under NATS
Latest Advisory on Bonus Payments for Contractors in Delhi
contractors employing 20 or more workers are obligated to pay a minimum bonus of 8.33% of their salary.
Embracing Efficient Energy Use for a Brighter Durga Puja 2024
. Given the expected surge in power demand from festive lighting and decorations, the administration urges citizens and organizers to adopt energy-saving practices to maintain a stable power supply.
