MF Lite: Sebi floats framework for passive mutual funds schemes; check details

MF Lite: Sebi floats framework for passive mutual funds schemes; check details

The Securities and Exchange Board of India (SEBI) has recently launched the Mutual Funds Lite (MF Lite) framework to streamline compliance for entities launching passively managed mutual fund schemes. This initiative aims to enhance investment diversification and facilitate the entry of new players into the mutual fund industry. What is Mutual Fund Lite? Mutual Fund … Read more

Centre writes to states seeking their choice for borrowings to meet GST compensation shortfall

Centre writes to states seeking their choice for borrowings to meet GST compensation shortfall

The Centre formally proposed two options for borrowings to meet the shortfall in goods and service tax (GST) compensation for FY 2020-21 to states, giving them seven working days to revert with their choice. State finance secretaries will meet Union finance secretary and expenditure secretary on September 1, 2020 for clarifying issues. States can individually … Read more