The Reserve Bank has announced amendments to the FEMA regulations regarding the purchase of shares of Indian companies on international exchanges. The government had previously allowed the direct listing of securities by Indian companies on international exchanges to encourage foreign investments. The Ministry of Finance and the Ministry of Corporate Affairs have also made amendments to regulations related to the direct listing of equity shares of Indian companies on international exchanges.
The Reserve Bank is considering the establishment of a Digital India Trust Agency (DIGITA) to combat the rise of illegal lending apps. The agency aims to verify digital lending apps and maintain a register of verified apps to prevent cyber fraud.
The Reserve Bank has issued a framework for recognising Self-Regulatory Organisations (SROs) for its regulated entities. The framework requires SROs to establish minimum benchmarks for their members. SROs play a crucial role in enhancing the effectiveness of regulations and providing inputs on technical and practical aspects of regulatory policies.
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India’s foreign exchange regime is under fire from the IMF. The reclassification to a ‘stable’ exchange rate regime has implications for the RBI’s actions and India’s economy. This article explores the potential impact on markets and discusses whether the IMF’s view matters to RBI’s forex policy framework.
