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Tamil Nadu has emerged as a key beneficiary under the Production-Linked Incentive (PLI) scheme, receiving a significant share of projects in the electronics and automobile sectors, Union Finance Minister Nirmala Sitharaman said. Addressing an event organised by Chennai Citizens' forum on Saturday evening, Sitharaman dismissed charges of the state government that the Centre has neglected Tamil Nadu in terms of funding. She said major 'big ticket' projects have been announced and are progressing at various stages of implementation across the State. "Tamil Nadu has been the largest beneficiary under the PLI- scheme in electronics, electronic parts and automobiles. Out of the 27 companies that have received approval from the Centre, 7 are based out of Tamil Nadu," the Union Minister of Finance and Corporate Affairs noted. Sitharaman highlighted that 25 per cent of the companies availing benefits from the PLI scheme are from the state, she said drawing applause from the audience at the

No Point Unsettling A system, FPIs Should Live With Current Taxation: SEBI Chief

NDTV Profit | 22 Mar 2025 3 more

India Policy and Reforms

TREND | 22 Mar 2025

DGGI blocks 357 illegal online gaming sites, attaches 2,400 bank accounts

Business Standard

GST intelligence officers have blocked 357 websites of illegal offshore online gaming firms and attached about 2,400 bank accounts, the Finance Ministry said on Saturday. The ministry also cautioned the public against engaging with offshore gaming platforms, even though many Bollywood celebrities and cricketers, besides social media influencers, are found to be endorsing these platforms. About 700 offshore e-gaming companies are under the Directorate General of Goods and Services Tax Intelligence (DGGI) scanner, as these entities are evading GST by failing to register, concealing taxable pay-ins, and bypassing tax obligations. Investigations also revealed that these offshore companies operated through 'mule' bank accounts to process transactions, the ministry said, adding the DGGI blocked 166 'mule' accounts. "So far, 357 websites/URLs of illegal/non-compliant offshore online money gaming entities have been blocked by the DGGI, in coordination with the Ministry of Electronics and .

India Policy and Reforms

TREND | 22 Mar 2025

SEBI asks mkt entities to use registered contact details for advertising on social platforms

Business Line

The regulator has asked all intermediaries who wish to advertise on SMPs to update their contact details- specifically their email ID and mobile number - on the SEBI SI Portal by April 30, 2025

SEBI slaps 50 lakh fine on 10 entities for indulging in non-genuine trades

Business Line | 22 Mar 2025

India Policy and Reforms

TREND | 22 Mar 2025

Explained: How to check unclaimed assets in stocks and mutual funds in Digilocker

Economic Times

Sebi will implement measures from April 1, 2025, to reduce unclaimed assets in the securities market. These include handling inactive accounts, mandating contact and bank details, nomination options, and simplifying transmission norms. DigiLocker will help investors manage their financial assets, and it is recommended for investors to appoint nominees in DigiLocker.

Sebi removes 70K misleading social media posts, accounts since Oct 2024

Business Standard | 21 Mar 2025, 06:15PM 3 more

India Policy and Reforms

TREND | 22 Mar 2025

Sebi may allow stock brokers to operate in GIFT-IFSC sans approval

Economic Times

The regulator said stock brokers proposing to undertake securities market activities in GIFT-IFSC may do so under a separate business unit (SBU) of the stock broking entity itself.

Sebi considers easier IFSC access for brokers operating from Gift City

Business Standard | 21 Mar 2025, 05:31PM 1 more

India Policy and Reforms

TREND | 21 Mar 2025

SEBI mandates advertiser verification on social media to curb investment frauds

Economic Times

Sebi guidelines: Sebi has mandated registered intermediaries to verify their email and mobile numbers on social media platforms before publishing ads. This move aims to curb securities fraud and misleading investment promotions online, enhancing investor protection and market transparency.

SEBI's Ananth Narayan Warns Against Unregistered Advisors, Calls for Self-Regulation

NDTV Profit | 21 Mar 2025 9 more

India Policy and Reforms

TREND | 21 Mar 2025, 07:24PM

Bank employee strike scheduled for March 24-25 postponed by 1-2 months

Business Standard

The joint secretary of the DFS spoke on video call and informed about the positive discussion the Finance Minister and the DFS secretary had on the issue of five-day banking

DroneAcharya, ideaForge, Paras Defence gain upto 5% on March 21; here's why

Business Standard | 21 Mar 2025, 09:54AM 1 more