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    PFRDA notifies amendments to Trustee Bank (TB) and Central Recordkeeping Agency (CRA) Regulations for Good Governance with focus on subscriber protect...
    PFRDA notifies amendments to National Pension System Trust (NPST) and Pension Fund Regulations for Good Governance
    IICA organises Business and Human Rights Professional Programme
    MCA operationalises Central Processing Centre (CPC) for Centralised Processing of Corporate Filings
    Startup India Initiative: Department for Promotion of Industry and Internal Trade (DPIIT) recognises 7,559 startups in Tamil Nadu till December 2023
    GDP CONTRIBUTORS
    Indian Institute of Corporate Affairs hosts inaugural ‘The Great Indian Board Reboot: Roadshow 2024’ in Mumbai
    RESIDUAL ACCOUNTS AND ITS CONNECTION WITH THE SUSTAINABLE DEVELOPMENT GOALS
    E-SAKSHI MOBILE APPLICATION
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    February 22, 2024
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    Subscriber protection strengthened: revised Trustee Bank and CRA regulations enhance fraud prevention and governance measures.
    Amendments to Trustee Bank and Central Recordkeeping Agency regulations strengthen subscriber protection by mandating implementation of a fraud prevention and mitigation policy, procedures for compensation to subscribers, and streamlined registration and surrender processes, while CRA reforms align governance with the Companies Act, require CEO certification on internal controls and compliance, introduce a fit and proper person criterion for CRA and key personnel, and enhance disclosure to reduce compliance burden and improve ease of doing business.
    February 21, 2024
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    Pension fund governance reforms streamline trustee appointments and mandate improved disclosure and board committee structures.
    Amendments streamline governance and compliance for NPS Trust and pension funds by simplifying Trustee and CEO appointment processes, clarifying Sponsor and Pension Fund roles, enforcing fit and proper criteria, aligning board composition with company law through mandated committees, enhancing disclosure with a Directors' responsibility statement in scheme annual reports, and requiring inclusion of the term pension fund in fund names while providing transitional compliance timeframes.
    February 20, 2024
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    Human rights in corporate governance promoted to embed constitutional obligations and enhance supply chain due diligence and compliance.
    Integration of human rights obligations into corporate practice is emphasised, highlighting constitutional human rights obligations and the need for ethical supply chain practices. Clarity in the role of business and human rights professionals is urged to manage reputational and legal risks and secure a social licence to operate. A human rights based approach is framed as essential to achieving sustainability objectives and aligning corporate activity with the Sustainable Development Goals, operationalised through a certified capacity building programme for corporate representatives to strengthen governance, due diligence and compliance culture.
    February 16, 2024
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    Centralised Processing Centre for corporate filings enables faceless, time bound processing of specified company and LLP forms.
    A Central Processing Centre (CPC) will centralise faceless, time bound processing of selected company and LLP filings, beginning with twelve specified forms from 16.02.2024 and expanding from 01.04.2024. Modeled on the CRC and C PACE, CPC aims to process an anticipated annual volume of filings without physical stakeholder interaction, expedite incorporation, compliance, conversions and buy back related submissions, and allow jurisdictional Registrars of Companies to focus on inquiries, inspections and investigations to reinforce corporate governance.
    February 12, 2024
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    Startup support schemes expand recognition and funding for startups in Tamil Nadu, improving seed, venture and credit access.
    The Startup India initiative operates three flagship schemes-Startup India Seed Fund Scheme (SISFS), Fund of Funds for Startups (FFS), and Credit Guarantee Scheme for Startups (CGSS)-delivered through incubators, SIDBI and NCGTC, with state-level allocations and disbursements to support startups. For Tamil Nadu, SISFS approved 20 incubators with disbursements, FFS committed capital to AIFs with partial disbursements, CGSS enabled a small number of collateral-free loans, and 7,559 startups are DPIIT recognised as of 31 December 2023.
    February 8, 2024
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    Sectoral GVA composition shows Financial, Real Estate and Professional Services as the leading contributor to national GVA across recent estimates.
    State-wise percentage shares by major economic sectors at current prices for 2018-19 through 2022-23 are presented, with annotations on non-compiled or unavailable data for certain Union Territories and years and a clarification that the Public Administration, Defence & Other Services category includes education, health and other personal services. Annexure-II summarises national GVA composition across recent estimates, indicating Financial, Real Estate & Professional Services as the principal sectoral contributor, with sectoral shares provided under Revised, Provisional and First Advance Estimates.
    February 6, 2024
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    Board renewal and diversity: corporate boards urged to integrate skills, technology and stakeholder representation for resilient governance.
    The event examined corporate board composition and governance reforms, focusing on board renewal, expanded diversity, and integration of technology into oversight. Speakers stressed that boards must proactively refresh membership and skill sets to address rapid technological change and broader stakeholder interests, emphasizing directors' evolving responsibilities, continuous learning, and inclusion of sustainability perspectives.
    February 5, 2024
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    Environmental economic accounting enables integration of environmental data with national accounts to monitor sustainable development goals effectively.
    Compilation of environmental accounts under the System of Environmental Economic Accounting (SEEA) organizes statistics on the environment and its relationship with the economy, enabling integration with national accounts, international comparability, and replication over time. SEEA-based accounts are used to measure and monitor multiple Sustainable Development Goals and to provide robust information for policy design and progress monitoring toward sustainability objectives.
    February 5, 2024
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    MPLAD Scheme project oversight improved by e-SAKSHI mobile application enabling MPs to propose, track and monitor projects in real time.
    The MPLAD Scheme permits MPs to recommend local developmental works focused on durable community assets; the Ministry considers suggestions and guideline improvements through due process. The E-SAKSHI Mobile Application enables MPs to propose, track and oversee projects in real time, promoting transparency via instant status updates and streamlining communication with implementing authorities.

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