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    IICA Hosts MoU Signing Ceremony with Executive Search Leaders, Launches New Governance Initiatives
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs the Credit Outreach Programme at Darbhanga, Bihar
    IEPFA, NCAER and BSE jointly organised a workshop on the revolutionizing impact of digital technology on financial sector
    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman meets AIIB Board of Directors in New Delhi
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    November 30, 2024
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    Independent Director Databank strengthens appointment processes for Independent Directors through MoUs with executive search firms to enhance governance.
    IICA signed MoUs with six executive search firms to improve selection and appointment processes for Independent Directors, integrating the Independent Director Databank-which requires registration and a proficiency assessment under the Companies (Appointment and Qualification of Directors) Rules, 2014-while launching board evaluation resources to support governance, capacity-building, and board effectiveness.
    November 30, 2024
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    Financial inclusion expanded through coordinated bank lending, branch and BC rollouts, and targeted rural infrastructure and CSR support.
    The programme expanded formal financial access by providing extensive retail loans through participating banks, inaugurating bank branches and business correspondent centres to strengthen delivery, and combining NABARD sanctions and CSR assistance for rural roads, school infrastructure and support to entrepreneurs. Departmental and banking officials reported on financial inclusion efforts while ministers and regional leaders underscored government facilitation in mobilising credit and infrastructure support.
    November 12, 2024
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    Digital financial education strengthens investor protection and capital market development through technology enabled literacy and risk awareness.
    Digitalisation of financial education is presented as a mechanism to enhance investor protection and support capital market development by widening reach, improving risk awareness, and modernising literacy efforts. The IEPFA, NCAER and BSE convened experts to discuss deployment of digital tools, the roles of government and market institutions in scalable education, and the need for coordinated stakeholder action-including regulatory outreach, platform risk management, and cybersecurity integration-to implement accessible investor education and protective mechanisms.
    November 12, 2024
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    Multilateral Development Bank governance reforms urged to enhance investment, climate resilience, knowledge transfer and innovative financing models.
    The Union Finance Minister urged the AIIB to broaden investments into climate adaptation and resilience, infrastructure, energy security and urban development; to integrate finance plus and budget plus elements into project design; to scale private capital mobilisation via innovative financial tools; and to establish mechanisms for transfer of India's digital and disaster management expertise. She also pressed for MDB cooperation and governance reforms to make institutions fit for contemporary challenges and responsive to all members, especially Low Income Countries.

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