NSE directions for Pay-out of securities directly to client demat account
NSE, for enhancement of operational efficiency and risk reduction has directed that the securities for payout shall be credited directly to the respective client’s demat account by the Clearing Corporations.
National Students Paryavaran Competition
Ministry of Education on 1st July, 2024, with the goal to to make tangible and measurable changes to improve the quality of environment through various activities and awareness campaigns, has announced the National Students Paryavaran Competition (NSPC) online.
UGC updated list of defaulting Universities who have not appointed Ombudsman
The list has been updated as of 1st July 2024 and WARNING IS ISSUED.
NCC as an Elective Subject in Indian Universities
The Director General of the National Cadet Corps (NCC)’ in his
communication, pointed out that it is necessary for Higher Education Institutions (HEIs) to have affiliation with NCC troops in order to offer NCC as an elective subject.
IFSCA extension of timeline for Submission of Research Proposal under Framework for Grant of Funds for Research Studies by IFSCA
The research proposals shall be submitted as per clause 12 of the circular dated December 04, 2023, “Framework for Grant of Funds for Research Studies by IFSCA” along with declaration cum undertaking as per Annexure II of the circular, by email to dept-epa@ifsca.gov.in, with subject line “Research Proposal under Call for Proposals – 2024”.
IFSCA Clarifications for existing BATF Service providers under IFSCA Ancillary Service Framework
The existing ancillary services providers, who are currently undertaking Bookkeeping, Accounting, Taxation or Financial Crime Compliance Services from IFSC and have communicated to IFSCA about their willingness to operate under BATF Regulations for the same activity, are not required to pay application fees for the same activity.
Draft Report on Transition Finance by Expert Committee on Climate Finance
The Report provides a roadmap and timelines for IFSCA to develop climate finance ecosystem and instruments at GIFT IFSC and recommends policies and regulations for establishment of GIFT-IFSC as the global hub for climate financing, as deemed fit by the committee.
IFSCA First Report on Transition Finance by Expert Committee on Climate Finance
It emphasizes the role of transition finance in driving investments towards hard-to- abate sectors such as steel, cement, shipping, fertilisers etc. which are crucial for economic growth of India and other developing nations. The report offers strategic recommendations to IFSCA and policy makers by exploring global best practices and regulatory landscapes, to enhance the role of GIFT-IFSC as a gateway for attracting international climate capital flows in order to achieve India’s ambitious goal of achieving net-zero by 2070.
New form and manner for registration under IFSCA (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024
IFSCA vide circular dated 25 June 28, 2024 has issued the new form and manner for seeking registration and other requirements under International Financial Services Centres Authority (Book-keeping, Accounting, Taxation and Financial Crime Compliance Services) Regulations, 2024.
IFSC Banking Units (IBUs) permitted to undertake OTC derivatives on Gold and Silver
IFSCA has decided to permit IFSC Banking Units (IBUs) to undertake OTC derivatives on Gold and Silver and offer such derivatives to their clients.
