The Security and Exchange Board of India (SEBI) on 20 March 2015 notified the SEBI (Mutual Funds) Regulations, 2015. The notified regulations dropped the 20-25 rule requiring a minimum of 20 investors and a cap of 25 percent investment by an individual investor in a particular scheme, for certain foreign entities. The rule will not…
Read more
India assumed the presidency of the 68th World Health Assembly (WHA) held in Geneva after a gap of 19 years. The 68th WHA session began on 18 May 2015 and it will conclude on 27 May 2015. The WHA session is presided by Union Health Minister Jagat Prakash Nadda who is also leading the high-level…
Read more
India and Mongolia have decided to elevate their ties to the level of Strategic partnership. In this regard a joint statement was issued after the delegation level talks between Prime Minister Narendra Modi and his Mongolian counterpart Saikhanbileg in Ulaan Baatar. It should be noted that Prime Minister Narendra Modi is first Indian PM to…
Read more
International Monetary Fund (IMF) in its recent report titledAct Local, Solve Global: The $5.3 Trillion Energy Subsidy Problem has voiced alarm about energy subsidies across the world. The report has clearly mentioned that theenergy subsidies across the world are expected to reach 5.3 trillion dollars in 2015, more than government health spending. Key facts from…
Read more
Prime Minister of India Narendra Modi on 16 May 2015 inaugurated the first branch of ICICI Bank in China at Shanghai. The branch was inaugurated in presence of Chanda Kochhar, MD & CEO, ICICI Bank, Senior Chinese and Indian government officials. The Shanghai Branch received regulatory approval in March 2015 to commence operations and it…
Read more
