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Committee for Strategic Asset Allocation and Risk Governance On 25th January 2026, the Pension Fund Regulatory and Development Authority (PFRDA) constituted a committee of investment experts for Strategic Asset Allocation and Risk Governance (SAARG). The committee has been formed to review, modernize, and strengthen the investment framework under the National Pension System (NPS). Aim of the Committee Objective Details Modernisation of NPS Framework To review, recommend, and modernize the investment architecture, governance standards, and risk management practices under the National Pension System. Key Mandates of SAARG Mandate Purpose Global Benchmarking Compare NPS investment guidelines with leading global pension systems. Asset…
10 May, 2026
Banking System
The Lok Sabha has passed the Insolvency and Bankruptcy Code (Amendment) Bill, 2025, introducing 12 key amendments to the IBC, 2016. The amendments aim to maximize stakeholder value, enforce strict resolution timelines, and align Indian insolvency law with global best practices, including cross-border insolvency frameworks. Insolvency and Bankruptcy Code (IBC), 2016 The IBC, enacted in 2016, provides a time-bound framework to resolve the insolvency of companies, partnerships, and individuals. Objectives Revival of Distressed Firms: Enable financially troubled companies to revive through a resolution plan, ensuring continuity as a going concern. Orderly Liquidation: If revival is not feasible, facilitate systematic liquidation…
29 April, 2026
Banking System
Financial Sector & Governance The budget focuses on strengthening fiscal federalism, financial sector reforms, municipal financing and trade facilitation. It reflects a structured Kartavya-driven governance approach, positioning Yuva Shakti as a major driver of India’s long-term development vision. Reform Area Details 16th Finance Commission The government accepted the recommendation to retain vertical tax devolution to states at 41%. Banking Sector Review A High-Level Committee on Banking will review the sector and align it with the needs of a Viksit Bharat. Municipal Bonds An incentive of Rs. 100 crore has been proposed for large cities issuing municipal bonds worth more than…
21 April, 2026
Banking System
Foreign Currency Settlement System for GIFT IFSC On 7th October 2025, the Centre launched a Foreign Currency Settlement System (FCSS) at the International Financial Services Centre (IFSC) in GIFT City. The system is designed to support real-time settlement of foreign currency transactions within the IFSC and reduce dependence on older correspondent banking channels. Aspect Details FCSS The Foreign Currency Settlement System is a real-time payment and settlement mechanism for transactions conducted in foreign currencies within the IFSC. Initial Currency The system initially supports settlement in US dollars (USD). Old Settlement Model Earlier, the correspondent banking model required global intermediaries and…
18 April, 2026
Banking System
Common Contract Note The Securities and Exchange Board of India (SEBI) has deferred the rollout of the Common Contract Note (CCN) for Foreign Portfolio Investors (FPIs) to 1 July 2025. The implementation was earlier scheduled for 30 April 2025. The reform aims to streamline reporting and trade documentation across stock exchanges. Aspect Details Contract Note A contract note is a legal document issued by brokers to investors summarising all trades executed during a trading day. Information Included It contains details such as security name, quantity, trade price, time of trade, brokerage charges, and applicable taxes. Importance The contract note serves…
18 April, 2026
Banking System
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