Scoreboard
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The Government today told Parliament that steppedβup regulatory measures by the Reserve Bank of India (RBI) and National Bank for Agriculture & Rural Development (NABARD) have significantly strengthened governance, risk management, and financial stability across cooperative banks in India. These safeguards are improving depositor protection, credit discipline, and the sectorβs role in financial inclusion, especially in rural and semiβurban areas.
Foreign Institutional Investors (FIIs) offloaded Indian equities worth Rs 10,414 crore on March 23, 2026, signaling caution in the Indian stock market. Domestic Institutional Investors (DIIs) stepped in strongly, netting purchases of Rs 12,034 crore, providing market stability amid global uncertainties.
In a timely move, the Indian government has restored full Remission of Duties and Taxes on Exported Products (RODTEP) rates and value caps effective March 23, 2026, scrapping the prior 50 percent restriction. This supports exporters grappling with soaring freight costs and disruptions from West Asia conflicts, including Gulf shipping risks. The pre-February 22 levels aim to enhance competitiveness in global trade.
Syrma SGS Technology Ltd has appointed Jayesh Nagindas Doshi as Whole Time Director for a five-year term starting April 1, 2026. Doshi, a seasoned finance and corporate strategy leader, has played a pivotal role in Syrmaβs IPO success and brings over three decades of diverse industry expertise.
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