Fast fashion is renowned not only for its ability to deliver the latest runway trends but also for its affordability. In 2023, the global fashion industry was valued at an impressive $1.7 trillion. While India’s overall fashion market grew by just 6% in FY24, the fast fashion sector saw a robust 30-40% year-on-year growth, with …
The Reserve Bank of India (RBI) has imposed restrictions on New India Co-operative Bank due to liquidity issues. From February 13, 2025, the bank is prohibited from granting loans, renewing advances, accepting new deposits, or allowing withdrawals, safeguarding depositors. Restrictions on New India Co-operative Bank to Safeguard Depositors’ Interests The Reserve Bank of India (RBI) …
In a significant ruling, the Supreme Court of India has reaffirmed that only state governments—not the Centre—have the authority to impose taxes on lotteries. A bench comprising Justices BV Nagarathna and Satish Chandra Sharma dismissed appeals filed by the central government, which had sought to levy service tax on lottery distributors under the Finance Act. …
A significant step towards skill development and employment generation was taken as the Apparel Training & Design Centre (ATDC), Gurugram, signed a Memorandum of Understanding (MoU) with South Eastern Coalfields Limited (SECL), a subsidiary of Coal India Limited (CIL). The initiative, under the Ministry of Coal’s jurisdiction, aims to empower underprivileged youth from Chhattisgarh and …
The National Payments Corporation of India (NPCI) has introduced a new chargeback rule for Unified Payments Interface (UPI) transactions, effective from 15 February 2025. The rule aims to streamline dispute resolution by automating chargeback acceptance or rejection based on Transaction Credit Confirmation (TCC) and return requests (RET). Understanding Chargebacks in UPI Transactions A chargeback is …
The Securities and Exchange Board of India (SEBI) has proposed amendments to the margin pledge system to enhance transparency and prevent the misuse of client securities by brokers. The draft circular, open for public comments until 4 March, aims to address concerns related to brokers retaining invoked securities in their demat accounts, thereby reducing systemic …
On February 12, 2025, the capital market regulator launched an Industry Standards Recognition Manual to guide the formation and functioning of Industry Standards Fora, which helps in implementing regulatory instructions. Launch of Pilot Programme for Industry Standards Fora (ISF) In July 2023, SEBI launched a pilot programme for Industry Standards Fora (ISF) aimed at developing …
The National Commodity & Derivatives Exchange Limited (NCDEX) announced on February 12, 2025, its entry into the equity and equity derivatives segment, marking a significant diversification beyond its traditional agricultural market. The decision was made during the exchange’s 155th Board Meeting held on Wednesday. “The Board of Directors of the Exchange at its meeting held …
The Madhya Pradesh government has extended financial assistance to women under the Mukhyamantri Ladli Behna Yojana. On February 10, 2025, Chief Minister Mohan Yadav announced that ₹1,553 crore had been transferred to the accounts of 1.27 crore women. This is the 21st installment of the scheme. What is the Ladli Behna Yojana? Launched on January …
In an effort to safeguard investor interests, the Securities and Exchange Board of India (SEBI) has proposed a structured framework to handle unclaimed funds and securities lying with stockbrokers. According to SEBI, as of January 31, 2024, unclaimed funds in the market had reached ₹323 crore, while unclaimed securities amounted to ₹182 crore. These unclaimed …
