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International Migrants Day 2025 – December 18The United Nations (UN’s) International Migrants Day is annually observed across the globe on 18 December each year to recognize migrants’ contributions and highlight the challenges they face, while emphasizing the importance of protecting their rights.18 December 2025 marks the observance of the 25th International Migrants Day.Theme:2025 Theme: “My Great Story: Cultures and Development”Focus: The 2025 theme highlights human mobility as a force for economic growth and cultural enrichment.What? International Migrants Day 2025When? 18 December 20252025 Theme: “My Great Story: Cultures and Development”Proclamation: UNGA Resolution A/RES/55/9, 4 December 20001st Observance: 18 December 2000Background:Proclamation: On 4 December 2000, the United Nations General Assembly(UNGA) adopted Resolution A/RES/55/9, proclaiming 18 December as International Migrants Day.First Observance: International Migrants Day was observed for the first time on 18 December 2000.Rights Convention: On 18 December 1990, the UNGA adopted the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families.2025 Migration Reports:OECD – International Migration Outlook 2025: The Organisation for Economic Co-operation and Development(OECD’s) International Migration Outlook 2025 shows that migration flows to OECD countries remained historically high in 2024, with around 6.2 million new permanent migrants.IOM Submission to the HLPF 2025: The IOM – Submission to the High-Level Political Forum on Sustainable Development (HLPF) 2025 underscores that migration is a critical enabler of sustainable development, advocating for its integration into the 2030 Agenda’s Sustainable Development Goals (SDGs).About International Organization for Migration (IOM):The IOM is the foremost intergovernmental entity specializing in migration and operates as part of the United Nations system.Director General(DG)– Amy Pope (the United States of America, USA)Headquarters– Geneva, SwitzerlandEstablished– 1951
International Migrants Day 2025 – December 18The United Nations (UN’s) International Migrants Day is annually observed across the globe on 18 December each year to recognize migrants’ contributions and highlight the challenges they face, while emphasizing the importance of protecting their rights.18 December 2025 marks the observance of the 25th International Migrants Day.Theme:2025 Theme: “My Great Story: Cultures and Development”Focus: The 2025 theme highlights human mobility as a force for economic growth and cultural enrichment.What? International Migrants Day 2025When? 18 December 20252025 Theme: “My Great Story: Cultures and Development”Proclamation: UNGA Resolution A/RES/55/9, 4 December 20001st Observance: 18 December 2000Background:Proclamation: On 4 December 2000, the United Nations General Assembly(UNGA) adopted Resolution A/RES/55/9, proclaiming 18 December as International Migrants Day.First Observance: International Migrants Day was observed for the first time on 18 December 2000.Rights Convention: On 18 December 1990, the UNGA adopted the International Convention on the Protection of the Rights of All Migrant Workers and Members of Their Families.2025 Migration Reports:OECD – International Migration Outlook 2025: The Organisation for Economic Co-operation and Development(OECD’s) International Migration Outlook 2025 shows that migration flows to OECD countries remained historically high in 2024, with around 6.2 million new permanent migrants.IOM Submission to the HLPF 2025: The IOM – Submission to the High-Level Political Forum on Sustainable Development (HLPF) 2025 underscores that migration is a critical enabler of sustainable development, advocating for its integration into the 2030 Agenda’s Sustainable Development Goals (SDGs).About International Organization for Migration (IOM):The IOM is the foremost intergovernmental entity specializing in migration and operates as part of the United Nations system.Director General(DG)– Amy Pope (the United States of America, USA)Headquarters– Geneva, SwitzerlandEstablished– 1951
International Migrants Day 2025 – December 18The United Nations (UN’s) International Migrants Day is annually observed across the globe on 18 December each year to recognize migrants’ contributions and highlight the challenges they face, while emphas...
Pulitzer-Winning Journalist Peter Arnett Passed AwayOn 17th December 2025, Peter Arnett, the Pulitzer Prize-winning journalist known for his frontline reporting in Vietnam and the Gulf Wars, passed away in California, the United States of America (USA) at the age of 91. He was born on 13 November 1934 in New Zealand.He won the Pulitzer Prize in 1966 for International Reporting for coverage of the Vietnam War for The Associated Press (AP).What? Pulitzer-Winning Journalist Peter Arnett Passed AwayWhere? California, USAAward: Won the 1966 Pulitzer PrizeWars Covered: Vietnam War, the Gulf War, and the Second Gulf WarMemoir: Live From the Battlefield: From Vietnam to Baghdad, 35 Years in the World’s War Zones (1995).About Peter Arnett:Profile: He was a renowned journalist known for his frontline war reporting spanning several decades.Career: He joined the Associated Press (AP) in 1961, reporting from Indonesia and the Vietnam War (1962–1975).In 1981, he joined CNN, gaining fame for live coverage from Baghdad during the 1991 Gulf War and later reporting on the Second Gulf War (2003).Teaching : Taught journalism at Shantou University (China) (2007–2014) and retired in Fountain Valley, California, the USA in 2014.Memoir: ‘Live From the Battlefield: From Vietnam to Baghdad, 35 Years in the World’s War Zones (1995)’ details Peter Arnett’s reporting experiences across global conflict zones over 35 years.
Pulitzer-Winning Journalist Peter Arnett Passed AwayOn 17th December 2025, Peter Arnett, the Pulitzer Prize-winning journalist known for his frontline reporting in Vietnam and the Gulf Wars, passed away in California, the United States of America (USA) at the age of 91. He was born on 13 November 1934 in New Zealand.He won the Pulitzer Prize in 1966 for International Reporting for coverage of the Vietnam War for The Associated Press (AP).What? Pulitzer-Winning Journalist Peter Arnett Passed AwayWhere? California, USAAward: Won the 1966 Pulitzer PrizeWars Covered: Vietnam War, the Gulf War, and the Second Gulf WarMemoir: Live From the Battlefield: From Vietnam to Baghdad, 35 Years in the World’s War Zones (1995).About Peter Arnett:Profile: He was a renowned journalist known for his frontline war reporting spanning several decades.Career: He joined the Associated Press (AP) in 1961, reporting from Indonesia and the Vietnam War (1962–1975).In 1981, he joined CNN, gaining fame for live coverage from Baghdad during the 1991 Gulf War and later reporting on the Second Gulf War (2003).Teaching : Taught journalism at Shantou University (China) (2007–2014) and retired in Fountain Valley, California, the USA in 2014.Memoir: ‘Live From the Battlefield: From Vietnam to Baghdad, 35 Years in the World’s War Zones (1995)’ details Peter Arnett’s reporting experiences across global conflict zones over 35 years.
Pulitzer-Winning Journalist Peter Arnett Passed AwayOn 17th December 2025, Peter Arnett, the Pulitzer Prize-winning journalist known for his frontline reporting in Vietnam and the Gulf Wars, passed away in California, the United States of America (US...
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Indian Navy Commissions INAS 335 (Ospreys) at INS Hansa, Goa
Indian Navy Commissions INAS 335 (Ospreys) at INS Hansa, Goa
Indian Navy Commissions INAS 335 (Ospreys) at INS Hansa, GoaOn 17th December 2025, the Indian Navy (IN) commissioned its second (Multi-Mission Helicopter) MH-60R Seahawk helicopter squadron, Indian Naval Air Squadron 335 (INAS 335) (Ospreys), at Ind...
ACC Approved Re-Appointment of Ashwini Tewari as SBI’s MD Till December 2027In December 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the re-appointment of Ashwini Kumar Tewari as Managing Director (MD) of the State Bank of India (SBI) for a second two-year extension, from 27 January 2026 to 31 December 2027. He was initially appointed in January 2021 and first extended in 2024.With his reappointment, SBI now has all four MDs in place: Ashwini Kumar Tewari; Rana Ashutosh Kumar Singh; Rama Mohan Rao Amarra ; and Ravi Ranjan.What? Re-appointment of Ashwini Tewari as MD of SBIApproved by: ACCNew Extension: 27 January 2026 to 31 December 20274 MDs at SBI: Ashwini Kumar Tewari; Rana Ashutosh Kumar Singh; Rama Mohan Rao Amarra; and Ravi RanjanAbout Ashwini Tewari:Banking Career: He started his career as a banker by joining the SBI as a Probationary Officer (PO) in 1991.Experience: He has over 30 years of experience with SBI, serving in leadership roles including Deputy General Manager (DGM)(Operations and Information & Technology, I&T); head of International Banking Group in Mumbai(Maharashtra); country head of SBI United States of America (USA), and senior positions across East Asia.Previous Role: Before his appointment as SBI MD, he served as MD and Chief Executive Officer (CEO) of SBI Cards & Payment Services.
ACC Approved Re-Appointment of Ashwini Tewari as SBI’s MD Till December 2027In December 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the re-appointment of Ashwini Kumar Tewari as Managing Director (MD) of the State Bank of India (SBI) for a second two-year extension, from 27 January 2026 to 31 December 2027. He was initially appointed in January 2021 and first extended in 2024.With his reappointment, SBI now has all four MDs in place: Ashwini Kumar Tewari; Rana Ashutosh Kumar Singh; Rama Mohan Rao Amarra ; and Ravi Ranjan.What? Re-appointment of Ashwini Tewari as MD of SBIApproved by: ACCNew Extension: 27 January 2026 to 31 December 20274 MDs at SBI: Ashwini Kumar Tewari; Rana Ashutosh Kumar Singh; Rama Mohan Rao Amarra; and Ravi RanjanAbout Ashwini Tewari:Banking Career: He started his career as a banker by joining the SBI as a Probationary Officer (PO) in 1991.Experience: He has over 30 years of experience with SBI, serving in leadership roles including Deputy General Manager (DGM)(Operations and Information & Technology, I&T); head of International Banking Group in Mumbai(Maharashtra); country head of SBI United States of America (USA), and senior positions across East Asia.Previous Role: Before his appointment as SBI MD, he served as MD and Chief Executive Officer (CEO) of SBI Cards & Payment Services.
ACC Approved Re-Appointment of Ashwini Tewari as SBI’s MD Till December 2027In December 2025, the Appointments Committee of the Cabinet (ACC), chaired by Prime Minister (PM) Narendra Modi, approved the re-appointment of Ashwini Kumar Tewari as Managi...
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CRPF Officer Dinesh Khatak Conferred Union Home Minister’s Efficiency MedalIn December 2025, Senior Central Reserve Police Force (CRPF) officer Dinesh Khatak, hailing from Jind district in Haryana, has been conferred the Union Home Minister’s Efficiency Medal (Kendriya Grah Mantri Dakshata Padak) for his exemplary service, discipline and outstanding contribution to national security by the Ministry of Home Affairs (MHA).He currently serves as Second-in-Command (2IC) of 196 Battalion, CRPF.What? Union Home Minister’s Efficiency Medal was conferredAwarded by: Ministry of Home Affairs (MHA)Recipient: Dinesh KhatakService: 20+ years; Key areas – J&K, Naxal regions, trainingCareer and key deployments: Entry into CRPF: Khatak joined the CRPF as a Gazetted Officer in 2005 after clearing the Union Public Service Commission (UPSC) examination, serving across some of India’s most sensitive operational theatres.Operational Experience in J &K: He served two major tenures in Jammu & Kashmir( J &K) (2008–2013 and 2017–2021), handling Amarnath Yatra security, counter-insurgency operations, and deployments during Article 370 abrogation and COVID-19.Role at CIAT Shivpuri: At the Counter Insurgency and Anti-Terrorism (CIAT) School, Shivpuri one of CRPF’s elite training centers. he enhanced commando training standards with emphasis on discipline, tactical readiness, and modern field techniques.Current Posting in Left-Wing Extremism Area: Posted in Bijapur district, he leads anti-Naxal operations, establishes forward operating bases, and supports civic and development initiatives in remote areas.About Union Home Minister’s Efficiency Medal: It recognizes exceptional service, high standards of discipline, outstanding leadership, and significant contributions to national security over a sustained period.It is conferred on members of police forces, paramilitary units, including CRPF, and other security organizations for professional excellence and merit.
CRPF Officer Dinesh Khatak Conferred Union Home Minister’s Efficiency MedalIn December 2025, Senior Central Reserve Police Force (CRPF) officer Dinesh Khatak, hailing from Jind district in Haryana, has been conferred the Union Home Minister’s Efficiency Medal (Kendriya Grah Mantri Dakshata Padak) for his exemplary service, discipline and outstanding contribution to national security by the Ministry of Home Affairs (MHA).He currently serves as Second-in-Command (2IC) of 196 Battalion, CRPF.What? Union Home Minister’s Efficiency Medal was conferredAwarded by: Ministry of Home Affairs (MHA)Recipient: Dinesh KhatakService: 20+ years; Key areas – J&K, Naxal regions, trainingCareer and key deployments: Entry into CRPF: Khatak joined the CRPF as a Gazetted Officer in 2005 after clearing the Union Public Service Commission (UPSC) examination, serving across some of India’s most sensitive operational theatres.Operational Experience in J &K: He served two major tenures in Jammu & Kashmir( J &K) (2008–2013 and 2017–2021), handling Amarnath Yatra security, counter-insurgency operations, and deployments during Article 370 abrogation and COVID-19.Role at CIAT Shivpuri: At the Counter Insurgency and Anti-Terrorism (CIAT) School, Shivpuri one of CRPF’s elite training centers. he enhanced commando training standards with emphasis on discipline, tactical readiness, and modern field techniques.Current Posting in Left-Wing Extremism Area: Posted in Bijapur district, he leads anti-Naxal operations, establishes forward operating bases, and supports civic and development initiatives in remote areas.About Union Home Minister’s Efficiency Medal: It recognizes exceptional service, high standards of discipline, outstanding leadership, and significant contributions to national security over a sustained period.It is conferred on members of police forces, paramilitary units, including CRPF, and other security organizations for professional excellence and merit.
CRPF Officer Dinesh Khatak Conferred Union Home Minister’s Efficiency MedalIn December 2025, Senior Central Reserve Police Force (CRPF) officer Dinesh Khatak, hailing from Jind district in Haryana, has been conferred the Union Home Minister’s Efficie...
IDFC First Private & Hurun India Self-Made Entrepreneurs of the Millennia 2025: Eternal’s Founder & CEO Deepinder Goyal Tops the ListOn December 17, 2025, Hurun India in partnership with IDFC FIRST Private Banking, a division of IDFC First Bank Limited, released the 3rd edition of India’s Top 200 Self-Made Entrepreneurs of the Millennia 2025. As per the report, Deepinder Goyal, founder, Managing Director(MD) & Chief Executive Officer (CEO) of Eternal(formerly Zomato), has topped the list with a valuation of Rs. 3, 20,700 crore, marking a 27 % increase from the previous year.Radhakishan Damani, founder of Avenue Supermarts (DMart), who topped the list in 2023 and 2024 has slipped to the 2nd position with a valuation of around Rs. 2,97,800 crores.Rahul Bhatia and Rakesh Gangwal of InterGlobe Aviation (IndiGo) secured third place, with their company valued at Rs.2,19,300 crores.About India Self-Made Entrepreneurs of the Millennia 2025:Overview: The IDFC First Private & Hurun India Self-Made Entrepreneurs of the Millennia 2025 is an annual ranking that lists the 200 most valuable companies in India founded by self-made entrepreneurs since 2000.Ranking Methodology: The rankings are based on the market capitalization for listed companies and valuation of non-listed companies.The cut-off date for valuation was 25 September 2025Threshold: The threshold entry for a company featured on the list is Rs.4,500 crores, 1.5 times the threshold of Rs.3,000 crores in 2024.Highlights of the Report:Other Top 10 Entrepreneurs: Abhay Soi of Max Healthcare Institute secured 4th place with a valuation of Rs.1.11 lakh crores, while Sriharsha Majety and Nandan Reddy of Swiggy ranked 5th with a valuation of Rs.1.06 lakh crores.Deepak Kalra & Rajesh Magow, Co-Founders of MakeMyTrip, with a valuation of Rs.94,500 crores (6th rank), Yashish Dahiya and Alok Bansal, founders of PolicyBazaar, (Rs.80,300 crores) (7th rank), Vijay Shekhar Sharma, founder of Paytm, (Rs.72,900 crores) (8th rank), marking a 67% growth from 2024.Falguni Nayar and Adwaita Nayar Nykaa, founders of Nykaa, (Rs.67,500 crores) (9th rank) and Peyush Bansal, Amit Chaudhary, Neha Bansal & Sumeet Kapahi, Co-founders of Lenskart, (Rs.67,000 crores), up by 60% (10th rank).Women Entrepreneurs: The list features 20 women entrepreneurs with a combined company valuation of Rs.3.3 trillion, led by Falguni Nayar and Adwaita Nayar of Nykaa (Rs.67,500 crore), followed by Neha Bansal of Lenskart (Rs.67,000 crore) and Ruchi Kalra of OfBusiness (Rs.44,400 crore).Young Entrepreneurs: The youngest founders overall are Kaivalya Vohra (22) and Aadit Palicha (23) of Zepto, valued at Rs.52,400 crore, while Adwaita Nayar (34) is the youngest woman entrepreneur.
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Airtel Payments Bank Partners with NBBL to Enable EV Wallet RechargeOn December 17, 2025, Airtel Payments Bank has partnered with NPCI Bharat BillPay Limited (NBBL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), that enables users to recharge Electric Vehicle (EV) wallets through Bharat Connect, formerly Bharat BillPay System (BBPS).What? Partnership establishedBetween: Airtel Payments Bank partners with NBBLPurpose: To enable recharge EV wallets through BBPSIntegration: Airtel Thanks applicationKey Details of Partnership:Integration: The initiative integrates an EV wallet recharge facility into the Airtel Thanks application(app), powered by BBPS, enabling instant and secure top-ups across multiple EV charging service providers.Interoperable Platform: The partnership provides a single, unified platform for EV wallet recharges, removing fragmentation across different charging networks and making payments more convenient and seamless.Role of NBBL: It operates the Bharat Connect platform, ensuring standardized, secure, and interoperable bill payments, while expanding its coverage from traditional utilities to modern services like EV charging.
Airtel Payments Bank Partners with NBBL to Enable EV Wallet RechargeOn December 17, 2025, Airtel Payments Bank has partnered with NPCI Bharat BillPay Limited (NBBL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), that enables users to recharge Electric Vehicle (EV) wallets through Bharat Connect, formerly Bharat BillPay System (BBPS).What? Partnership establishedBetween: Airtel Payments Bank partners with NBBLPurpose: To enable recharge EV wallets through BBPSIntegration: Airtel Thanks applicationKey Details of Partnership:Integration: The initiative integrates an EV wallet recharge facility into the Airtel Thanks application(app), powered by BBPS, enabling instant and secure top-ups across multiple EV charging service providers.Interoperable Platform: The partnership provides a single, unified platform for EV wallet recharges, removing fragmentation across different charging networks and making payments more convenient and seamless.Role of NBBL: It operates the Bharat Connect platform, ensuring standardized, secure, and interoperable bill payments, while expanding its coverage from traditional utilities to modern services like EV charging.
Airtel Payments Bank Partners with NBBL to Enable EV Wallet RechargeOn December 17, 2025, Airtel Payments Bank has partnered with NPCI Bharat BillPay Limited (NBBL), a wholly owned subsidiary of National Payments Corporation of India (NPCI), that ena...
PPSL Received RBI Nod for Offline and Cross-Border PaymentsIn December 2025, the Reserve Bank of India (RBI) has authorized Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator (PA) for offline (physical) payments and cross-border transactions, both inward and outward.What? Authorisation for offline and cross-border paymentsEntity: Paytm Payments Services Limited (PPSL)By whom? RBIScope: End-to-end payment aggregation services across online, offline, and cross-border segments.About Authorization:Payments Services: PPSL can now facilitate physical transactions via Point-of-Sale (PoS) devices and aggregate inward and outward cross-border payments under Foreign Exchange Management Act, 1999 (FEMA).Comprehensive Licence: With previous online PA approval, PPSL now holds licenses across online, offline, and cross-border segments, enabling end-to-end payment services.Compliance: PPSL must launch cross-border services within six months, adhere to transaction caps and net worth requirements, and report unusual incidents within six hours.Impact: The authorization supports domestic and international growth, allows direct management of merchant infrastructure, and reduces reliance on third-party aggregators.
PPSL Received RBI Nod for Offline and Cross-Border PaymentsIn December 2025, the Reserve Bank of India (RBI) has authorized Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Aggregator (PA) for offline (physical) payments and cross-border transactions, both inward and outward.What? Authorisation for offline and cross-border paymentsEntity: Paytm Payments Services Limited (PPSL)By whom? RBIScope: End-to-end payment aggregation services across online, offline, and cross-border segments.About Authorization:Payments Services: PPSL can now facilitate physical transactions via Point-of-Sale (PoS) devices and aggregate inward and outward cross-border payments under Foreign Exchange Management Act, 1999 (FEMA).Comprehensive Licence: With previous online PA approval, PPSL now holds licenses across online, offline, and cross-border segments, enabling end-to-end payment services.Compliance: PPSL must launch cross-border services within six months, adhere to transaction caps and net worth requirements, and report unusual incidents within six hours.Impact: The authorization supports domestic and international growth, allows direct management of merchant infrastructure, and reduces reliance on third-party aggregators.
PPSL Received RBI Nod for Offline and Cross-Border PaymentsIn December 2025, the Reserve Bank of India (RBI) has authorized Paytm Payments Services Limited (PPSL), a wholly-owned subsidiary of One 97 Communications Limited, to operate as a Payment Ag...
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Axis Bank, Google Pay Launches ‘Google Play Flex Axis Bank Credit Card’ on RuPay NetworkIn December 2025, Google’s mobile payment service Google Pay in partnership with Axis Bank Limited, one of India’s largest Private Sector lenders, launched the ‘Google Pay Flex Axis Bank Credit Card’, Unified Payments Interface (UPI)-powered co-branded credit card.This newly launched co-branded credit, built on the RuPay payments network, is designed specifically to help customers integrate with their everyday UPI transactions.What? Launch of UPI-powered co-branded credit cardLaunched by: Google Pay in collaboration with Axis Bank LimitedName of Card: Google Pay Flex Axis Bank Credit CardKey Benefits: Instant redeem of credit card rewards; digitally apply for card at zero cost; in-app controls.Key Features:Flexibility: The credit card is embedded within the Google Pay application (app) and enables the customers to apply for the card digitally at ‘zero cost’ from anywhere and can start transactions without any physical paperwork.Rewards: Through this new credit card, users/customers will be able to redeem rewards earned on transactions, called Start instantly, with 1 Start point equal to Rs 1.Flexible EMI Options: The card offers flexible repayment options to its users by allowing them to convert their credit bills into Equated Monthly Instalments (EMIs) via Google Pay app.Card Management: Users can manage their credit card, block/unblock it, or reset the Personal Identification Number(PIN) directly through the Google Pay app.
Axis Bank, Google Pay Launches ‘Google Play Flex Axis Bank Credit Card’ on RuPay NetworkIn December 2025, Google’s mobile payment service Google Pay in partnership with Axis Bank Limited, one of India’s largest Private Sector lenders, launched the ‘Google Pay Flex Axis Bank Credit Card’, Unified Payments Interface (UPI)-powered co-branded credit card.This newly launched co-branded credit, built on the RuPay payments network, is designed specifically to help customers integrate with their everyday UPI transactions.What? Launch of UPI-powered co-branded credit cardLaunched by: Google Pay in collaboration with Axis Bank LimitedName of Card: Google Pay Flex Axis Bank Credit CardKey Benefits: Instant redeem of credit card rewards; digitally apply for card at zero cost; in-app controls.Key Features:Flexibility: The credit card is embedded within the Google Pay application (app) and enables the customers to apply for the card digitally at ‘zero cost’ from anywhere and can start transactions without any physical paperwork.Rewards: Through this new credit card, users/customers will be able to redeem rewards earned on transactions, called Start instantly, with 1 Start point equal to Rs 1.Flexible EMI Options: The card offers flexible repayment options to its users by allowing them to convert their credit bills into Equated Monthly Instalments (EMIs) via Google Pay app.Card Management: Users can manage their credit card, block/unblock it, or reset the Personal Identification Number(PIN) directly through the Google Pay app.
Axis Bank, Google Pay Launches ‘Google Play Flex Axis Bank Credit Card’ on RuPay NetworkIn December 2025, Google’s mobile payment service Google Pay in partnership with Axis Bank Limited, one of India’s largest Private Sector lenders, launched the ‘G...
SEBI announces major market reforms in its 212th board meetingIn December 2025, the Securities and Exchange Board of India (SEBI), at its 212th board meeting held in Mumbai, Maharashtra, approved a series of regulatory reforms aimed at simplifying market regulations, lowering transaction costs and enhancing cost transparency.Rationalisation of brokerage limits: Cash market transactions: The existing brokerage cap of 12 bps includes statutory levies. The cap on brokerage, net of statutory levies amounts to 8.59 bps, which has nowbeen reduced to 6 bps (exclusive of levies).Derivative transactions: The existing brokerage cap of 5 bps includes statutory levies. The cap on brokerage, net of statutory levies amounts to 3.89 bps, which has now been reduced to 2 bpsThe additional 5 bps currently permitted to be charged to schemes with exit loads as a transitory measure has now been removed.Other Key Highlights:Unclaimed Amount transfer: Presently unclaimed amounts are transferred to the Investor Education and Protection Fund (IEPF) / Investor Protection and Education Fund (IPEF) after 7 years of remaining unclaimed.MF Regulations 2026: The SEBI Board, at its meeting held on December 17, 2025, approved the changes proposed, pursuant to the review of the SEBI (Mutual Funds) Regulations, 1996. The new SEBI (Mutual Funds) Regulations, 2026, are designed to offer stakeholders greater clarity, improved readability, and enhanced structural coherence.
SEBI announces major market reforms in its 212th board meetingIn December 2025, the Securities and Exchange Board of India (SEBI), at its 212th board meeting held in Mumbai, Maharashtra, approved a series of regulatory reforms aimed at simplifying market regulations, lowering transaction costs and enhancing cost transparency.Rationalisation of brokerage limits: Cash market transactions: The existing brokerage cap of 12 bps includes statutory levies. The cap on brokerage, net of statutory levies amounts to 8.59 bps, which has nowbeen reduced to 6 bps (exclusive of levies).Derivative transactions: The existing brokerage cap of 5 bps includes statutory levies. The cap on brokerage, net of statutory levies amounts to 3.89 bps, which has now been reduced to 2 bpsThe additional 5 bps currently permitted to be charged to schemes with exit loads as a transitory measure has now been removed.Other Key Highlights:Unclaimed Amount transfer: Presently unclaimed amounts are transferred to the Investor Education and Protection Fund (IEPF) / Investor Protection and Education Fund (IPEF) after 7 years of remaining unclaimed.MF Regulations 2026: The SEBI Board, at its meeting held on December 17, 2025, approved the changes proposed, pursuant to the review of the SEBI (Mutual Funds) Regulations, 1996. The new SEBI (Mutual Funds) Regulations, 2026, are designed to offer stakeholders greater clarity, improved readability, and enhanced structural coherence.
SEBI announces major market reforms in its 212th board meetingIn December 2025, the Securities and Exchange Board of India (SEBI), at its 212th board meeting held in Mumbai, Maharashtra, approved a series of regulatory reforms aimed at simplifying ma...
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