Safer participation of retail investors in Algorithmic trading

SEBI issued a circular aimed at enabling safer participation of retail investors in Algorithmic Trading (Algo trading). This new regulatory framework is a response to the growing demand for Algo trading by retail investors, which has been gaining momentum in recent years. The initiative not only aims to offer greater access to algorithmic tools but also puts in place critical safeguards to ensure the safety and integrity of market practices.

CRCS- Sahara Refund Portal

In compliance with the Supreme Court’s directions, the Ministry of Cooperation launched the CRCS-Sahara Refund Portal on 18th July 2023. This portal is specifically designed to allow depositors from the four Multi-State Cooperative Societies of the Sahara Group—Sahara Credit Cooperative Society Ltd. (Lucknow), Saharayn Universal Multipurpose Society Ltd. (Bhopal), Humara India Credit Cooperative Society Ltd. (Kolkata), and Stars Multipurpose Cooperative Society Ltd. (Hyderabad)—to submit their claims for refunds of their legitimate deposits.

Primary Agricultural Credit Societies (PACS)

With the approval of the Union Cabinet, three new national-level cooperative societies have been set up: National Cooperative Exports Limited (NCEL), National Cooperative Organics Limited (NCOL), and Bharatiya Beej Sahkari Samiti Limited (BBSSL). These initiatives aim to uplift cooperatives by fostering a global reach, promoting organic farming, and enhancing seed production—all crucial elements for a thriving agricultural sector.