The SEBI, on 3rd August, 2022, published a notification amending the Securities and Exchange Board of India (Mutual Funds) Regulations, 1996. The amendment provides that sponsors which invest in various companies on behalf of the beneficiaries of insurance policies or such other schemes shall not qualify as associates of mutual funds. The amended regulations will come into effect immediately.
Impact Assessment Studies on Smart Cities Mission
Under SAAR – Sameeksha series of Smart Cities Mission (SCM) launched in Nov 2023, 50 national level impact assessment studies were carried out on Indian