FATF’s Call Against Shell Companies: The global financial crime watchdog, the Financial Action Task Force (FATF), has issued a sharp warning to countries over the risks posed by shell companies. FATF President Elisa de Anda Madrazo described them as the “getaway car” for criminals, enabling illicit actors to move money across borders undetected. Speaking in … Read more
GST 2.0 Gets the Green Light: India’s indirect tax structure is set for one of its biggest overhauls since the launch of the Goods and Services Tax (GST) in 2017. At the 56th GST Council meeting held on September 3 in New Delhi, Union Finance Minister Nirmala Sitharaman announced sweeping reforms under the framework of … Read more
Loans Against Mutual Funds : PhonePe, one of India’s leading fintech platforms, has partnered with DSP Finance to launch an innovative Loans Against Mutual Funds (LAMF) product. This new offering allows users to unlock liquidity from their existing mutual fund investments, providing secured credit lines of up to Rs 2 crore. The initiative is designed … Read more
Muthoot Finance USD 600 Million Notes: Muthoot Finance Limited, a leading financial services company in India, has approved the settlement and allotment of USD 600 million 6.375% Senior Secured Notes due 2030 under its US$ 2 billion Global Medium Term Note Programme. The decision was made by the Finance Committee of the Board of Directors … Read more