Inclusion Financial News

Subscribe to enjoy similar stories. NEW DELHI : India is taking significant steps towards financial inclusion and regulatory simplification, with the Securities and Exchange Board of India (Sebi) proposing a key reform for non-corporate entities. In a consultation paper released on 16 October 2024, the market regulator proposed allowing Associations of Persons (AoPs) to open demat accounts in their names for holding non-equity securities.

Narendra Modi on Tuesday departed for his two-day visit to Russia to attend the BRICS Summit in Kazan. The 16th BRICS Summit in Kazan is being held under the chairmanship of Russia from October 22-24. During his visit, PM Modi is also expected to hold bilateral meetings with his counterparts from BRICS member countries and invited leaders in Kazan.

A genealogist spent years scouring historical records to trace the lives and establish the identities of enslaved people she believes are buried on the grounds of Taiwan-based Formosa Plastics Group's $9.4 billion facility in southeast Louisiana

HDFC Asset Management Company (HDFC AMC) has announced its onboarding on the Open Network for Digital Commerce (ONDC), becoming one of the first AMCs to join hands with this network. By enabling mutual fund distributors to access a broader range of AMCs and vice versa, the ONDC Network is set to revolutionise how investment products are distributed. This integration marks a significant milestone in the financial services sector, as it aims to democratise access to mutual fund investment products across the country, according to a press release. The integration aligns with HDFC AMC's broader mission of becoming the wealth creator for every Indian. By leveraging ONDC's open protocol, the initiative will bring mutual funds to the masses, enabling more first-time investors to take part in India’s growth story, said the release.

The introduction of the Special Care Gold policy in Braille is a significant move towards democratising access to health insurance. In a country where approximately 34 million individuals are visually- impaired, making critical information accessible in Braille empowers them to make decisions independently.

Guwahati: The dilemma of cut of date continued to linger in Assam for several decades, while the Supreme court on Thursday upheld validity of Section 6A of Citizenship Act which conferred citizenship benefits to persons from Bangladesh who settled in Assam and had entered India between January 1966 and March 25, 1971, there are documents and recommendations which stipulates 1951 as the cut of date for identification of foreigners. The All Assam Students Union (AASU), which spearheaded a six-year-long agitation against illegal immigrants in Assam in 1979-85, welcomed the Supreme Court judgment upholding the validity of Section 6A of Citizenship Act. AASU's chief adviser Samujjal Bhattacharjya said with its order on Section 6A of Citizenship Act 1955, the Supreme Court has given its stamp of approval to the Assam Accord under which all those who had entered Assam illegally must be detected and deported from the country. «We wholeheartedly welcome the Supreme Court verdict. It is a historic verdict. It has established that the Assam agitation was undertaken with genuine reasons and all provisions of the Assam Accord are now legally validated by the apex court.”

India’s corporate bond market has long been hamstrung by low liquidity, locking investors into their holdings until maturity and discouraging retail participation. While institutional investors dominate, retail investors—wary of the illiquid secondary market—have stayed on the sidelines.

Radisson Hotel Group has launched Braille menus in its hotels across South Asia. This initiative aims to make dining easier for guests who are visually impaired. The launch is part of a partnership with the Confederation of Indian Industry’s (CII) Young Indians. With the introduction of Braille menus at its 125 hotels, Radisson Hotel Group allows visually-impaired guests to explore their meal options and make their own choices. This helps them feel more independent during their dining experience. Additionally, some hotels will use scannable audio QR codes, letting guests listen to the menu at their own pace. “Introducing Braille menus is an important step toward building inclusive dining experiences, ensuring that everyone—regardless of their abilities—feels valued,” Nikhil Sharma, Managing Director and Senior Area Vice President for South Asia at Radisson Hotel Group, said

Subscribe to enjoy similar stories. Communications minister Jyotiraditya Scindia clarified on Tuesday that airwave spectrum for telecom services via satellite would be awarded by means of administrative allocation. This is what Elon Musk, whose Starlink plans to beam the internet to dishes in India from low-earth orbit, has been asking for.

The federal judge considering Boeing’s plea deal with prosecutors wants to know how the Justice Department’s diversity, equity and inclusion policies would affect the selection of an independent monitor to oversee the aerospace company

A group of Democrats in Congress is appealing to the largest U.S. companies to hold onto their diversity, equity and inclusion programs

Supreme Court has sought a response from the government and the Central Board of Direct Taxes on vaccine maker Serum Institute of India's appeal challenging a 2015 amendment to the Income Tax Act that made subsidy, grant, waivers, concessions or reimbursements by Centre or states or incentives in cash or kind taxable. The amendment had inserted sub-clause (xviii) to Section 2(24), which defines taxable “income”. A Bench led by Chief Justice D.Y. Chandrachud on Monday issued notice to the government and asked it respond in four weeks.

RBI policy might have surprised the market with its dovish tone and stance change to neutral, but the change in RBI policy was already visible in its liquidity management. Indeed, since July 2024, interbank liquidity surplus has averaged ~INR1.2tn (0.5% of NDTL or deposits). The last time similar levels of surplus liquidity were seen was in June to August last year and the RBI responded by imposing incremental ICRR of 10%. In contrast during the current phase of liquidity surplus, RBI has refrained from any strong liquidity absorbing measures. Persisting with VRRRs and VRRs to keep the weighted average call rate near the repo rate. The TREPS rate where maximum volume of transactions take place, has been averaging below the repo rate over the last few months.

Subscribe to enjoy similar stories. Artificial intelligence (AI) has been the broad theme of this year’s Nobel awards.

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

₹2,75,000, the TV can be pre-booked from midnight on October 12th until 11:59 pm on October 14th, 2024. Deliveries for the product will begin from October 21st. The Sansui TV boasts advanced features including Dolby Vision & Atmos, HDR10+ technology, Google Assistant integration, and support for streaming services such as Netflix, Prime Video, Disney+ Hotstar, and YouTube.Apple fans can also expect great deals, with discounts across the iPhone 14, iPhone 15, and the new iPhone 16 series, which starts from ₹74,900, inclusive of instant bank cashback.

Cynt Marshall is retiring as CEO of the Dallas Mavericks at the end of the year

The UK fell from seventh to 11th place out of 41 markets in Principal's third annual Global Financial Inclusion Index in conjunction with the Centre for Economics and Business Research (Cebr). In terms of government support, the UK fell four places to 17th while for financial system support it dropped four places to eighth. The UK ranks eighth for its public pension offering; however, the country saw its ranking for awareness and uptake of government-mandated pension and savings schemes fall three places to 23rd. Principal Asset Management launches Article 9 food and biodiversity f...

Cape Town, South Africa – On 11 October 2024, the DHL Stadium will host Crypto Fest 2024, one of the most anticipated South African Web3 events of the year. This event will highlight Bitcoin adoption, crypto payments, and the growing regulatory landscape across Africa, emphasizing both the benefits and challenges of using cryptocurrency for payments.

Subscribe to enjoy similar stories. Generative artificial intelligence (GenAI) has introduced enticing possibilities globally. This topic has overwhelmed global parleys since ChatGPT was introduced about two years ago.

fintech company, Appreciate, has carried out the first low ticket mutual fund transaction of Rs 100 on the Open Network for Digital Commerce (ONDC) Network.