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    Finance Minister Releases Commemorative Coin on Paramahansa Yogananda to Mark his 125th Birth Anniversary
    President of India to Present National CSR Awards to Select Companies on Tuesday for their Outstanding Contribution in Area of CSR
    Finance Minister Smt. Nirmala Sitharaman at the IMF - World Bank Annual Meetings 2019
    CCI approves Kora Master Fund LP investment of up to 10% ($75 million) in Edelweiss Securities Limited under sub-section (1) of Section 31 of the Act.
    Finance Minister reviews Customer Outreach Initiatives and support to NBFCs
    CCI receives first green channel combination
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    October 30, 2019
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    Commemorative coin release honours Paramahansa Yogananda, marking state recognition of his universal message and cultural legacy.
    Release of a special commemorative coin to honour Paramahansa Yogananda, issued by the Union Finance Ministry to mark his 125th birth anniversary. The release constitutes a formal government issuance recognising Yogananda's international stature and promoting his message of harmony and spiritual legacy, presented by the Union Finance Minister and attended by government and religious representatives.
    October 25, 2019
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    Corporate Social Responsibility awards incentivize impactful, sustainable corporate CSR and channel support to national priority initiatives.
    The Ministry of Corporate Affairs' National Corporate Social Responsibility Awards recognise and incentivise corporate CSR initiatives that demonstrate impact, innovation, sustainability, scalability and reach to marginalised or remote populations, encourage full deployment of eligible CSR spend, and promote contributions to national priority schemes through a process of shortlisting, detailed submissions and independent field verification by experts.
    October 19, 2019
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    International taxation consensus: unified nexus and profit allocation approach to govern digital economy taxation and ease compliance.
    Global coordination and multilateral action are urged to address synchronized slowdown, trade tensions and high debt, with emphasis on preventing a slowdown from becoming a crisis. A unified approach to the nexus and profit allocation challenges posed by digitalization is identified as promising, requiring solutions that are simple to implement, administer and comply with. Institutional engagements at multilateral forums and bilateral meetings are noted as mechanisms to advance consensus on international taxation, stablecoins and broader financial stability and development priorities.
    October 17, 2019
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    Competition approval allows foreign portfolio investor to acquire a minority stake in a securities subsidiary under the Act.
    Competition approval authorised a foreign portfolio investor to subscribe for shares in securities subsidiaries under a Share Subscription Agreement, permitting a capped minority equity investment in targets that form part of an investment advisory business within the same financial services group, with the acquirer characterised as an investment holding entity and further transactional particulars set out in the published summary of the proposed combination.
    October 14, 2019
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    Customer outreach initiative expands bank credit and NBFC participation to enable MSME bill discounting and working capital access.
    The review directed continuation and expansion of the Customer Outreach Initiative with NBFC participation and a focus on receivable bill discounting to enhance MSME working capital access, supported by corporate dues data from the Ministry of Corporate Affairs; outreach will cover home, vehicle, agriculture, education, MSME and personal loans while maintaining existing diligence and underwriting standards. It also reiterated PSB support to NBFCs/HFCs through credit and pool-buyouts, utilisation of the Partial Credit Guarantee Scheme, commitment to expeditious disbursements, and government issuance of clarifications to expedite scheme processing.
    October 7, 2019
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    Green channel approval: combination notices deemed approved on filing for mutual fund acquisition under Combination Regulations procedure.
    The CCI received a green channel combination notice for the acquisition of Essel Mutual Fund by an entity of the Sachin Bansal Group; Essel Finance AMC Limited is the investment manager, Essel MF Trustee Limited is the trustee, and Essel Finance Wealth Zone Private Limited is the sponsor. Under the Combination Regulations' green channel mechanism, the notice filed under the prescribed regulation is deemed approved upon filing and acknowledgement, obviating a separate approval process when green channel criteria are met.

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