PFC issues India’s first-ever Euro Green Bond

What is the News? Power Finance Corporation Ltd (PFC), the leading NBFC in the power sector, has issued its maiden Euro Green Bond. What is a Euro Green Bond? It is the first-ever Euro denominated Green bond issuance from India. Moreover, it is the first-ever Euro issuance by an Indian NBFC and the first Euro… Continue reading PFC issues India’s first-ever Euro Green Bond

T+1 settlement system: how it works, and how it will help investors

What is the News?  Securities and Exchange Board of India (SEBI) has introduced T+1 (Trade plus 1 day) settlement cycle for stocks on an optional basis in place of T+2 settlement. The new rule will come into force on January 1,2022. What is a T+1, T+2 Settlement? T+1 (T+2) are abbreviations that refer to the… Continue reading T+1 settlement system: how it works, and how it will help investors

FM launches Ubharte Sitaare Fund

Source: The Hindu What is the News? The Ministry of Finance has launched ‘Ubharte Sitaare’ Alternative Investment Fund. About ‘Ubharte Sitaare’ Alternative Investment Fund: Aim: To provide debt and equity funding to export-oriented MSMEs as well as providing them with the required technological support to make their businesses more competitive. Setup by: The fund has… Continue reading FM launches Ubharte Sitaare Fund

Pilot Launch of International Bullion Exchange – The Gateway for Bullion Imports

Source: PIB What is the News? International Financial Services Centres Authority(IFSCA) has launched the pilot run for the International Bullion Exchange. What is Bullion? Bullion refers to physical gold and silver of high purity that is often kept in the form of bars or coins. Bullion can sometimes be considered legal tender and is often… Continue reading Pilot Launch of International Bullion Exchange – The Gateway for Bullion Imports

Oil bonds and other associated issues – Explained, pointwise

For 7PM Editorial Archives click HERE → Introduction The Centre has argued that it cannot reduce taxes on petrol and diesel, as it has to bear the burden of payments in lieu of oil bonds issued by the previous government to subsidize fuel prices. Fuel prices as of now remain incredibly high, with many metro cities having to… Continue reading Oil bonds and other associated issues – Explained, pointwise