Financial Reforms

Moving to a biannual reporting cycle will inevitably increase information asymmetry between management and shareholders, potentially leading to greater volatility in financial markets

The fast-growing Indian online gaming sector is facing a significant threat from money laundering, necessitating urgent steps to ensure its sustained success and protect the country's robust digital economy, a report said on Thursday. The essential measures outlined in a report by the Digital India Foundation include forming a dedicated task force for illegal operators, creating a whitelist of legal operators, combating misleading advertisements, and incorporating principles of financial integrity and international cooperation. Other critical measures include public awareness and providing education to help users make informed decisions and avoid platforms that engage in deceptive practices. A comprehensive assessment of in-game assets, financial institutions should deploy AI/ML-driven detection models, build strong investigative teams, implement a robust programmes and take decisive actions to combat money mules, it said. The Indian Real Money Gaming (RMG) sector has become a key .

The global anti-money laundering watchdog noted that the impact of illicit financial flows is felt most strongly by the least developed nations

Monday's Politburo meeting also reviewed measures to promote development of six central provinces including Shanxi, Anhui and Henan

Sitharaman listed the four Is - infrastructure, investment, innovation, and inclusiveness - as the pathway for achieving the goal of a developed India by 2047

The SRO story has just begun to unfold

A key G20 working group on finance on Tuesday deliberated on strengthening international financial safety and managing global debt vulnerabilities with participants at a meeting here also emphasizing on making collaborative efforts for building a more stable and resilient global economy. The two-day meeting of the third G20 International Finance Architecture Working Group (IFAWG), co-chaired by South Korea and France, began near Panaji in Goa with more than 100 delegates from member countries and various international organisations taking part in the gathering. India currently holds the presidency of Group of 20 (G20), which is an intergovernmental forum of the world's major developed and developing economies, and has been holding meetings of various working groups in states and Union territories. A senior official said the third IFA Working Group had an exciting start as leaders discussed vital topics like strengthening global financial safety net. Issues like the International

The regulator has pulled up erring chartered accountants and firms, but is its work having an impact?

Kwarteng recently said that he was 'absolutely, 100 per cent' confident that he would be in post in November despite rising rebellion

The Financial Stability Board (FSB), which coordinates financial rules for the G20 group of nations, said its "roadmap" seeks to coordinate approaches to disclosures by companies

They could help key manufacturing value chains more than double their GDP contribution to $500 billion over the next seven years, says Oct 30 note

Halfway through the Modi govt's tenure, India has six achievements in financial reform to boast of; a dozen more are needed