CII

Financial Services

Sector Update

Review related party transactions provisions for smooth running of business: CII

Mar 29, 2022 (Press Release)

The Union Budget has laid emphasis on growth and increased allocation of capex spending to states"- Mr Tarun Bajaj, Revenue Secretary, Ministry of Finance

Feb 09, 2022 (Press Release)

Self-regulation is the strongest defense against fraud; one cannot regulate independence or governance, they are part of corporate culture: SEBI Significant period gaps spanning over years between occurrence of the fraud and detection because of vulnerabilities in corporate governance process: SFIO 65% respondents been a victim of corporate fraud in India; cyber threats, conflicts of interest, supply chain fraud largest source: CII Kroll India Fraud Survey 2021

Oct 07, 2021 (Press Release)

"India should now target Digitization with enough safety measures"- Minister of State for Finance, Dr Karad

Oct 05, 2021 (Press Release)

"The Indian economy has been resilient, despite going through a major shock with the financial system coming out stronger" Shri Sanjeev Sanyal, Principal Economic Advisor, Government of India

Sep 17, 2021 (Press Release)

"Financial Markets in India have performed well even during COVID" ‘International Bullion Exchange would soon be functional at IFSC’ Shri Anand Mohan Bajaj, Additional Secretary (FM), Department of Economic Affairs, Ministry of Finance

Sep 17, 2021 (Press Release)

A flexible monetary policy aided economic recovery from the pandemic: Dr Patra, RBI Deputy Governor RBI remains committed to maintain liquidity surplus till credit demand recovers: Dr Patra, RBI Deputy Governor

Sep 16, 2021 (Press Release)

"Urgent need for deepening of Bond Market for Infrastructure Development," SEBI Chairman, Ajay Tyagi

Sep 16, 2021 (Press Release)

Government remains committed to honor GST compensation payment to the states; Government remains an active participant in recovery process : Nirmala Sitharaman

Aug 12, 2021 (Press Release)

New PSE policy is akin to 1991 moment for the public sector: Secretary, DIPAM; Government Committed to a stable and predictable tax regime: Shri Tarun Bajaj, Revenue Secretary

Aug 11, 2021 (Press Release)