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    Strategic Buyer approved for disinvestment of Pawan Hans Limited
    Finance Minister Smt. Nirmala Sitharaman participates in the 105th Meeting of the Development Committee Plenary in Washington D.C.
    Finance Minister Smt. Nirmala Sitharaman meets World Bank President Mr David Malpass in Washington D.C.
    Central Government amends Nidhi Rules, 2014 to safeguard the interest of general public
    Union Finance Minister Smt. Nirmala Sitharaman to embark late tonight on official visit to USA to attend Spring Meetings of the IMF-World Bank
    Cabinet approves Bilateral Memorandum of Understanding between Securities and Exchange Board of India and Manitoba Securities Commission, Canada
    Cabinet approves signing of Bilateral Memorandum of Understanding (MoU) between Securities and Exchange Board of India and Financial Regulatory Commis...
    More than ₹ 30,160 crore loans sanctioned to over 1,33,995 accounts under Stand-Up India Scheme in 6 years
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    April 30, 2022
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    Strategic disinvestment: highest bidder selected for transfer of government shareholding and management control, proceeding to transaction closing.
    Government approval was given for the strategic disinvestment of 51% of Pawan Hans Limited and transfer of management control to M/s Star9 Mobility Private Ltd, selected as the highest valid bidder in an open competitive process after due diligence. A reserve price set on expert valuation was met; three financial bids were validated and the successful bidder exceeded the reserve. The transaction moves to issuance of the Letter of Award, signing of the Share Purchase Agreement and closing, with ONGC offering its shareholding on the same terms and the buyer expected to invest in fleet renewal.
    April 23, 2022
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    Digital public-health platform sharing offered as international public good, enabling scalable replication and technical assistance.
    The note emphasizes India's advocacy for scalable digital solutions by offering the CoWIN platform to other countries and expressing readiness to provide technical assistance for replication of proven public goods platforms, framed alongside India's economic recovery and vaccination progress and observations on global development and macroeconomic stability.
    April 23, 2022
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    Multilateralism urged to prioritise assistance for debt stressed countries and support infrastructure financing for recovery.
    The Finance Minister urged the World Bank to prioritise multilateral assistance for pandemic recovery and sovereign debt stress, highlighting Sri Lanka as requiring special attention, and sought World Bank support for India's infrastructure financing through mechanisms addressing the Single Borrower Limit, third party guarantees, and leadership continuity to advance the National Infrastructure Pipeline and Gati Shakti programme.
    April 20, 2022
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    Declaration as a Nidhi now required before accepting deposits; deemed government approval if no decision within prescribed period.
    Amendments require a public company incorporated after the Nidhi (Amendment) Rules, 2022 to obtain a declaration as a Nidhi from the Central Government by applying in Form NDH-4 within 120 days of incorporation, meeting minimum membership and Net Owned Fund thresholds at application, and ensuring promoters and directors satisfy fit and proper criteria; if no decision is conveyed by the Central Government within the prescribed disposal period, approval is deemed granted.
    April 18, 2022
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    Official visit: Finance Minister to attend IMF World Bank spring meetings and join G20 finance minister gatherings.
    The Union Finance Minister will make an official visit to the United States to participate in the IMF-World Bank Spring Meetings and the G20 Finance Ministers and Central Bank Governors meetings, engage in a high-level IMF panel, hold bilateral consultations with several countries, meet World Bank leadership, and conduct sectoral and academic outreach including meetings with industry CEOs and engagements at a think tank and Stanford University.
    April 13, 2022
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    Cross-border securities cooperation enables Manitoba entities to seek Foreign Portfolio Investor registration with SEBI under a bilateral MoU.
    The bilateral Memorandum of Understanding creates a formal framework for cross-border cooperation in securities regulation between SEBI and the Manitoba Securities Commission, enabling mutual assistance in supervision, technical knowledge exchange and coordinated enforcement, and making Manitoba-domiciled entities eligible for Foreign Portfolio Investor registration with SEBI under the bilateral channel.
    April 8, 2022
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    Regulatory cooperation: SEBI and Mongolia's FRC to sign MoU enabling information sharing and technical assistance.
    A bilateral Memorandum of Understanding will be signed to reinforce cross-border regulatory cooperation by enabling information sharing for securities enforcement and creating a technical assistance programme providing consultations, capacity building and staff training. The arrangement is founded on the regulator's statutory authority to exchange information with foreign counterparts, conditional on applicable laws and prior central government approval.
    April 5, 2022
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    Stand-Up India Scheme expands loan access and handholding support for SC/ST and women entrepreneurs establishing greenfield enterprises.
    The Stand-Up India Scheme facilitates bank credit and support for women and Scheduled Caste/Tribe entrepreneurs to establish greenfield enterprises in manufacturing, services, trading and allied-agriculture activities. It requires at least one woman and one SC/ST loan per branch of Scheduled Commercial Banks, sets borrower eligibility and minimum own contribution rules while allowing margin support via convergence with Central/State schemes, provides handholding through an online portal and agencies, and is backed by a Credit Guarantee Fund to enable collateral-free lending.

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