Week ending 21st January 2024
Brief summary in 2 min quick read
(a) proposed adding the debt-to-income (DTI) ratio as a tool for retail loans assessment.(b) released a draft framework for a self-regulatory organization (SRO) for fintech companies.
(c) modified deposit-taking norms for Housing Finance Companies (HFCs) including permitting credit card businesses
2. Fitch affirmed India's sovereign rating at 'BBB-' with a stable outlook but noted weak public finances as a constraint.
3. SEBI (a) started investigating cases involving potential mule accounts used to inflate IPO subscriptions (b) identified over ?30,000 crore worth of investments circumventing AIF and FEMA regulations (c) proposed relaxation its stringent norms for AIFs for liquidation of investments.
4. Govt constituted high-level committee submitted recommendations for a digital revolution, including promoting fintech, virtual banking, and blockchain usage.
5. Govt. plans to create an integrated IT platform to connect stakeholders in the corporate turnaround ecosystem, enhancing debt resolution efficiency.
6. The 54th World Economic Forum meeting at Davos is criticized for its lack of inclusivity, declining political participation, and disconnection from current global realities.
7. The Supreme Court's discussions on the Blackstone case could impact offshore investors' Indian investments and DTAA benefits.
8. NITI Aayog's Multi-Dimensional Poverty Index (MPI) claims that 25 crore Indians have been lifted out of poverty but serious concerns about data sources and methodology.
9. Goldman Sachs' report highlights the growing affluent class in India, with expectations of increased lifestyle consumption and premiumization.
As per Prequin Alternatives 2024 - Deal activity has subsided, while debt funding has grown, hedge funds, and real estate face various challenges and opportunities.
Suggest reading detailed blog with data points >> https://bit.ly/weekending20thJan