In August 2024, the Reserve Bank of India (RBI) decided to keep interest rates steady at 6.50%. Despite this decision, the RBI also projected a possible 50 basis points reduction in interest rates by the end of the fiscal year 2024/25. This forecast was made in response to concerns about inflation levels in the economy.

Even though the RBI chose not to change interest rates in August, it appears to be prepared to make cuts in the final quarter of 2024. These potential rate reductions signal the central bank’s proactive approach towards managing inflation and supporting economic growth. The RBI’s decision reflects its cautious yet optimistic outlook on the economy’s trajectory in the coming months.

The RBI’s decision to maintain interest rates in August while hinting at future cuts highlights its balancing act between controlling inflation and stimulating economic activity. By keeping rates steady for the time being and planning for reductions later in the fiscal year, the RBI aims to navigate the delicate balance between price stability and growth. This strategic approach underscores the central bank’s commitment to managing economic challenges effectively.

Source link : Reserve Bank of India Maintains Rates, Yet Remains Poised for Cuts in Q4 2024

The SEC is launching the Digital Asset Regulatory Sandbox to promote experimentation and innovation in digital asset services such as exchanges, brokers, and advisors. Participants must meet qualifications set by the SEC to be eligible for the sandbox, which aims to create a more conducive environment for the development of new technologies in the digital asset space.

The new initiative allows for participants to test out new ideas and services within a controlled environment, with the goal of fostering creativity and advancement in the digital asset industry. By providing a safe space for experimentation, the SEC hopes to encourage more innovation and drive progress in this rapidly evolving sector.

Overall, the Digital Asset Regulatory Sandbox offers a unique opportunity for participants to explore new concepts and contribute to the growth of the digital asset industry. With the guidance and oversight of the SEC, eligible services can push boundaries and develop cutting-edge solutions that have the potential to shape the future of digital asset services.

Source link : SEC launches Digital Asset Regulatory Sandbox

The Board of Investment of Thailand (BOI) has introduced a new fund to offer financial assistance of 20 million to 50 million baht to Thai startups in specific industries. This fund will match the amount received from venture capital funds by the startups. The aim is to support and stimulate the growth of the startup ecosystem in Thailand.

The initiative by BOI is a part of efforts to boost the startup sector in Thailand and encourage innovation and entrepreneurship. By providing financial support to startups in targeted industries, the fund aims to help them scale up their operations and compete on a global level. This will also contribute to the overall economic development of the country.

This new funding opportunity from BOI is expected to be beneficial for Thai startups looking to expand and grow their businesses. It will provide them with the necessary capital to develop their products and services, as well as access new markets. The support from the fund will enable startups to achieve sustainability and success in their respective industries.

Source link : Thailand’s startups to benefit from new BOI fund

The Securities and Exchange Commission (SEC) recently imposed civil sanctions on Mr. Worawoot Ounjai and Miss Patcharapat Tongwaen for their involvement in insider trading of COL shares. Both individuals are required to pay fines and are prohibited from holding director positions for specific durations. The SEC’s actions highlight the consequences of engaging in illegal trading practices.

Mr. Ounjai and Miss Tongwaen were found guilty of insider trading by the SEC, resulting in the sanctions imposed on them. The penalties serve as a deterrent to others who may consider participating in similar illicit activities. The SEC’s enforcement of regulations aims to maintain fairness and transparency in the financial markets.

The article originally published by the SEC emphasizes the importance of upholding ethical standards in securities trading. Insider trading is a violation of securities laws and can have severe consequences for those involved. The SEC’s actions against Mr. Ounjai and Miss Tongwaen demonstrate its commitment to enforcing regulations and holding individuals accountable for illegal activities in the financial sector.

Source link : SEC imposes civil sanctions on two offenders for insider trading of COL shares