Alternative Investment Funds (AIFs) are privately pooled investment vehicles in India that collect funds from sophisticated investors for investing in accordance with a defined investment policy. They are regulated by the Securities and Exchange Board of India (SEBI) under the SEBI (Alternative Investment Funds) Regulations, 2012. Why in NEWS …
Read More »The Prevention of Money Laundering Act (PMLA), 2002
The Prevention of Money Laundering Act (PMLA), 2002, is a comprehensive legislation enacted by the Indian Parliament to combat money laundering and related activities. It aims to prevent the use of the financial system for the purpose of concealing or laundering proceeds of crime, to provide for the confiscation of …
Read More »Earth Summit
The Earth Summit, often referred to as the United Nations Conference on Environment and Development (UNCED), took place in Rio de Janeiro, Brazil, from June 3–14, 1992. This international conference brought together political leaders, diplomats, scientists, media representatives, and non-governmental organisations (NGOs) from 179 countries in an attempt to focus …
Read More »Planters concerned with RCEP
‘More tariff cuts will worsen trade deficit in plantation commodities’ The United Planters’ Association of Southern India (UPASI) has said that plantation commodities should be kept out of the Regional Comprehensive Economic Partnership (RCEP), if India signs the agreement. AL. Rm. Nagappan, president, UPASI, said in a statement that in …
Read More »RBI search panel may back economist for Deputy Governor
‘Tussle between economists, IAS lobby’ The appointment of the deputy governor in the Reserve Bank of India to fill up the vacancy that was created after Viral Acharya’s departure could be a complicated one. This is because there is a strong view in a section of the bureaucracy that the …
Read More »‘Relaxed norms may boost tea tourism’
West Bengal allows 15% of land in a tea garden to be used for economic activities The tea industry in West Bengal is witnessing a major boost to employment with the State government’s relaxation of norms for use of leasehold land in a tea garden. The move may induce garden …
Read More »Can’t intervene in Pak. denial of airspace: ICAO
The United Nations aviation watchdog, International Civil Aviation Organization (ICAO), is “not empowered to intervene” in the affairs of a country and will examine inputs from both India and Pakistan before it takes a decision to pursue the issue of denial of overflight to Prime Minister Narendra Modi’s aircraft during …
Read More »Unchecked warming will raise mortality levels in India: study
A rise in average temperatures across India would increase death rates by 10%, translating into an extra million and a half deaths by the end of the century, says a report by researchers based at The Climate Impact Lab, a collaboration of researchers from multiple U.S. universities and organisations. This …
Read More »‘Paid 97% of GST refunds due to MSMEs’
As much as 97% of GST refunds due to MSMEs (Micro, Small and Medium Enterprises) as of August 23 has been paid by the government, according to the Finance Ministry. In a status report on the implementation of measures announced by Finance Minister Nirmala Sitharaman in August and September, the …
Read More »Indices up for fifth straight day
Positive momentum continued in the equity markets, with benchmark indices closing with gains for the fifth consecutive day. The BSE Sensex also touched its all-time high of 40,392.22 points before correcting to close at 40,129.05 , up 77 points or 0.19%, on Thursday. The top gainers in the Sensex pack …
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