RBI reform plan for derivatives: Central bank proposes new norms for novation of OTC derivative contracts, draft guidelines seek to streamline market operations

The Reserve Bank of India (RBI) on Wednesday released draft directions to regulate the novation of over-the-counter (OTC) derivative contracts, aiming to streamline and rationalise the regulatory requirements for such transactions.Novation, under the draft guidelines titled Reserve Bank of India (Novation of OTC Derivative Contracts) Directions, 2025, refers to replacing an existing market maker in […]

A Transformative Tax Reform Under PM Modi, ETCFO

On the eighth anniversary of the Goods and Services Tax (GST) roll out, Prime Minister Narendra Modi on Tuesday said the indirect tax regime stands out as a landmark reform that has reshaped India’s economic landscape. He said on X, “By reducing the compliance burden, it has greatly improved the ease of doing business, particularly […]

Power markets reform: NSE gets Sebi nod for electricity futures; long-tenor derivatives in pipeline to deepen hedging ecosystem

The National Stock Exchange of India (NSE) has received approval from the Securities and Exchange Board of India (Sebi) to launch monthly electricity futures contracts, marking a significant development in India’s power market reform agenda.The exchange said the move is aimed at giving market participants tools to hedge against electricity price volatility and provide better […]

Economy

India’s success story: Panchayati Raj Ministry to showcase rural land reform at World Bank Conference

After showcasing homegrown instant payment system that has redefined commerce bringing back millions into the formal economy, India is set to offer pioneering rural land reform at the global stage during the four-day long World Bank Conference 2025, beginning from May 5 in Washington, DC. The SVAMITVA Scheme is a landmark initiative to provide legal […]

Hardik Nanda Ignites Nationwide Dialogue on Mental Health and Ethical Reality TV — A Movement to Reform, Not Cancel

Seven years after stepping into the national spotlight on MTV Roadies, Hardik Nanda returns—not as a contestant, but as a catalyst for change. At 26, he’s launching a bold, youth-led campaign to spotlight the urgent need for ethical reform in Indian reality television, placing mental health and human dignity at the center of the […]

Attorney General calls for legal reform; empowering women through compassion and inclusion, ET LegalWorld

Attorney General R Venkataramon Saturday emphasized the unique challenges women face, shaped by economic barriers and societal expectations. During an event hosted by the Society of Indian Law Firms (SILF) and the SILF Ladies Group (SLG), he said, “Multitasking is often seen as an inherent trait of women, but is it truly natural, or is […]

Jan Vishwas 2.0 is a step toward legal reform and ease of business, ET LegalWorld

India’s Union Budget 2025 signals openness of trade and investment as well as a paradigm shift in regulatory philosophy. India’s regulation has often been over-prescriptive and the 2025 Budget signals a clear departure from this, embracing a trust-based, principle-driven approach. The finance minister sets up a High Level Committee for regulatory reforms seeking to reform […]