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SEBI will soon introduce a new light-touch regulatory framework for passively managed mutual funds like exchange traded funds (ETFs) and index funds, which have seen a sharp uptick in assets under management (AUM) in recent years, a member said. “We are going to introduce new mutual fund regulations which we …

After remianing a net purchaser of US dollar for three consecutive years, RBI became the net seller of US dollar in FY2023. RBI sold $25.52 billion on a net basis in the spot foreign exchange market in FY 2023. The rupee came under heavy pressure due to the Russia-Ukraine conflict and interest rate hikes by the …

India has a long history of producing agricultural commodities, and has been a hub for the global spices, tea, and coffee trade for several centuries. Its scale and diversity have gone from strength to strength over the last three decades, such that the share of high-value agricultural commodities in the …

The recent decision of the U.S. Supreme Court in the Andy Warhol Foundation for the Visual Arts Inc. versus Goldsmith et al. has added more unpredictability to the process of being exempted from copyright infringement liabilities. The judgment is set to have implications for how we regulate a powerful form of artificial …

In an unprecedented situation the US government is on the verge of Defaulting on its borrowing that could potentially hit economies around the world. The US government has never defaulted, and a default could have catastrophic consequences for America and for the world. The issue was serious enough for the American President to cancel …

PM, CMs to draw up plans for developed economy status for India. India, which is the world’s sixth largest economy with a GDP of USD 2.7 trillion, is currently classified as a developing nation. With eye on achieving developed country status by 2047, Central government will seek suggestions from states to stitch together a 25-year blueprint for …

On May 10, co-legislators at the European Commission signed the Carbon Border Adjustment Mechanism (CBAM). It has been described as a “landmark tool” to put a “fair price on the carbon emitted during the production of carbon intensive goods that are entering the EU, and to encourage cleaner industrial production …

Anyone who has suffered the misfortune of an amputation, and others with the imagination to conceive of such a horrible loss, might wish humans shared the famed ability of the Mexican axolotl (Ambystoma mexicanum) to regenerate their limbs. The axolotl is a species of salamander (lizard-like amphibians) originally found in …

An animal, Susan, goes about her life, doing all the things that an animal of Susan’s sort would. But while pursuing her goals, she runs into various hurdles, a few frivolous, and unimportant to her life, and a few that are more serious — an illness, a storm that wrecks …

According to World Meteorological Organization (WMO) updates lobal temperatures are likely to surge to record levels in the next five years, fuelled by heat-trapping greenhouse gases and a naturally occurring El Nino event. Details: The World Meteorological Organization is the United Nations System’s authoritative voice on Weather, Climate and Water. For the first …