After nearly three years of deliberations, the Indian markets regulator on Wednesday allowed private equity firms to serve as promoters of Indian mutual funds, in a move that may accelerate consolidation in the country’s ₹41 trillion mutual fund industry. The board of Securities and Exchange Board of India (Sebi) also approved a range of proposals […]
In a setback for debt mutual funds, the government has proposed in Finance Bill that investment in mutual fund where not more than 35 percent is invested in equity shares of Indian company will now be deemed to be short-term capital gains. This will apply to investments made on or after April 1, 2023. Also, […]
The Silicon Bank Valley (SVB) crisis offers many lessons to governments and central banks elsewhere. The crisis, essentially an outcome of failure of investment-risk assessment and asset liability mismatch. Under the US deposit insurance rules, every insured depositor will get up to a ceiling of $ 250000 but in the case of SVB collapse, the […]
