India

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    Securities / Derivatives

    India Hikes Taxes on Equity Investment Gains, Derivatives Trades

    By Ajoy K Das | 25/07/2024

    The national budget increases capital gains tax for equity investments and the transaction tax for futures and options. The tax on long term bond gains was reduced.

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    Fintech / Regtech

    India Launches Digital Payments Wallet for Inbound Travellers

    By Ajoy K Das | 24/07/2024

    The ‘UPI One World’ wallet is a prepaid payment instrument enabling visitors to India to make cashless payments across the country.

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    Fintech / Regtech

    RBI Flags Concerns Over Digital Fraud, Outsourcing Risks

    By Ajoy K Das | 24/07/2024

    RBI governor Shaktikanta Das called on banks to strengthen customer onboarding and transaction monitoring to address digital fraud.

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    Crypto / Digital Assets

    Indian Crypto Exchange WazirX Suffers $230m Crypto Theft

    By Ajoy K Das | 22/07/2024

    WazirX is offering a reward for help in recovering the stolen assets. Hackers affiliated with North Korea are believed to be responsible.

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    Securities / Derivatives

    SEBI to Consult on Tighter Derivative Trading Rules Soon

    By Ajoy K Das | 20/07/2024

    SEBI is expected to adopt a two-stage approach for imposing tighter restrictions on derivatives trading.

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    ESG / Sustainability

    SEBI Permits ESG, Credit Rating Providers to Operate in GIFT City

    By Ajoy K Das | 20/07/2024

    SEBI added the IFSCA to the list of regulators that can oversee the activities of ESG and credit rating providers.

    AML / KYC

    India Issues New Forms for Disclosing Beneficial Ownership

    By Ajoy K Das | 19/07/2024

    The Ministry of Corporate Affairs published two new forms for companies to use to disclose beneficial ownership and related changes.

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    Market Infrastructure

    India: Expert Panel Proposes International Court in GIFT City

    By Ajoy K Das | 18/07/2024

    A phased approach is suggested for the court’s establishment, and for foreign judges to be allowed to sit on the court.

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    Securities / Derivatives

    SEBI Proposes New Asset Class for High Risk Takers

    By Ajoy K Das | 18/07/2024

    To discourage retail investors, SEBI has proposed a minimum investment threshold of INR 1 million for this new asset class.

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    Enforcement

    SEBI Proposes ‘Summary Proceedings’ for Certain Intermediary-led Violations

    By Ajoy K Das | 17/07/2024

    The move is part of the capital market regulator’s efforts to streamline regulatory processes and ensure swift enforcement actions.

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